Summary by Moomoo AI
Signing Day Sports, Inc. (the "Company") reported its annual financial performance, business developments, and future plans. Financial Performance: The Company experienced a net loss of $5.478 million for the year ended December 31, 2023, compared to a net loss of $6.674 million in the previous year. The revenue for 2023 was approximately $307,578, with a cost of revenues at $40,387, resulting in a gross profit of $267,191. Operating expenses totaled $5.015 million, primarily driven by advertising, marketing, and general administrative costs. Other income and expenses, including interest expense and income, deferred tax income, and other net income, resulted in a net other expense of $729,939. Business Development: The Company's business activities include providing a digital ecosystem for high school athletes to be discovered and recruited by college coaches. The...Show More