Summary by Moomoo AI
Signing Day Sports, Inc., a technology company specializing in digital platforms for student-athlete recruitment, reported financial results for the quarter ended September 30, 2023. The company saw net revenues of $55,212, a significant increase from $3,352 in the same quarter of the previous year, primarily due to an increase in user subscriptions. Despite this, the company incurred a net loss of $919,625 for the quarter, compared to a net loss of $993,277 for the same period in 2022. The reduced net loss was attributed to a decrease in general and administrative expenses and advertising and marketing costs. Interest expenses for the quarter were reported at $309,271, reflecting an increase in convertible and nonconvertible notes payable. For the nine months ended September 30, 2023, the company's net loss totaled...Show More