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NT 10-Q: Notice under Rule 12b25 of inability to timely file all or part of a form 10-Q or 10-QSB

SEC ·  Aug 15 16:18

Summary by Moomoo AI

Signing Day Sports, Inc. has filed a Notification of Late Filing with the SEC, indicating that it will delay the submission of its Quarterly Report on Form 10-Q for the period ended June 30, 2024. The company cites unanticipated delays in finalizing its financial statements as the reason for the late filing, which could not be resolved without unreasonable effort and expense. Despite the delay, Signing Day Sports expects to file the report within five calendar days following the original due date. The company also anticipates significant changes in its financial results compared to the previous year, including a 75.5% increase in revenues and a 541.8% increase in cost of revenues for the quarter, as well as a 157.3% increase in revenues and a 822.2% increase...Show More
Signing Day Sports, Inc. has filed a Notification of Late Filing with the SEC, indicating that it will delay the submission of its Quarterly Report on Form 10-Q for the period ended June 30, 2024. The company cites unanticipated delays in finalizing its financial statements as the reason for the late filing, which could not be resolved without unreasonable effort and expense. Despite the delay, Signing Day Sports expects to file the report within five calendar days following the original due date. The company also anticipates significant changes in its financial results compared to the previous year, including a 75.5% increase in revenues and a 541.8% increase in cost of revenues for the quarter, as well as a 157.3% increase in revenues and a 822.2% increase in cost of revenues for the six-month period. These changes are attributed to increased event fee payments, subscription revenue, and internal software development staff hires. Additionally, the company expects a decrease in advertising and marketing expenses due to a more economical strategy. The late filing notification was signed by CEO Daniel Nelson on August 15, 2024.
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