Welcome to our dedicated page for SIGNING DAY SPORTS news (Ticker: SGN), a resource for investors and traders seeking the latest updates and insights on SIGNING DAY SPORTS stock.
Signing Day Sports Inc (SGN) operates a pioneering sports technology platform that transforms student-athlete recruitment through video-verified profiles and event partnerships. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and stakeholders will find timely updates on earnings reports, platform enhancements, and partnership expansions. Media professionals gain access to verified press releases about SGN's hybrid revenue model and its role in modernizing athletic recruitment through digital innovation.
The news collection covers product launches, combine event collaborations, and operational milestones. All content is curated to provide actionable insights while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to SGN's evolving role in sports technology. Regularly updated content ensures you stay informed about critical developments affecting the athlete recruitment ecosystem.
Signing Day Sports (NYSE American: SGN) reported strong financial results for Q2 and H1 2024. The company achieved 75% year-over-year revenue growth for Q2 2024 and 157% growth for H1 2024. Revenue totaled $0.20 million in Q2 and $0.44 million in H1 2024. The growth was primarily driven by increases in event and subscription revenue. Paid subscriptions increased by 42% in Q2 and 96% in H1 compared to 2023. The retention rate for paid subscriptions was over 45% for Q2 2024.
Despite revenue growth, the company reported a net loss of $1.3 million in Q2 and $3.8 million in H1 2024. General and administrative expenses increased significantly. The company expanded its platform to include baseball, softball, and soccer recruitment, and formed strategic alliances to gain access to key recruitment events.
Signing Day Sports (NYSE American: SGN) reported a 334% year-over-year revenue growth for Q1 2024, reaching approximately $235,000 compared to $54,000 in Q1 2023. Monthly paid subscriptions increased by over 200%, and the conversion rate from free trials to paid subscriptions exceeded 40%. The company has focused on expanding its app and user base, including bringing app development in-house and hiring an in-house engineer. However, higher expenses were noted, including $2.1 million in advertising, marketing, and administrative costs, leading to a net loss of $2.5 million for Q1 2024, up from $865,000 in Q1 2023.
Signing Day Sports, Inc. provided an update on its annual report, revealing audited financial statements for the fiscal year ended December 31, 2023. The report included an audit opinion with a going concern emphasis of matter paragraph. This announcement is in compliance with NYSE American regulations and does not alter any previous filings for the year.
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