Signing Day Sports Announces Selected Financial Results for Quarter Ended March 31, 2025 and Provides Business Update

Rhea-AI Summary

Signing Day Sports (NYSE: SGN) reported its Q1 2025 financial results, highlighting a significant 66% reduction in net loss to $0.84 million compared to $2.50 million in Q1 2024. Revenue was $0.15 million, down from $0.23 million in the prior year period, while general and administrative expenses decreased to $0.97 million from $2.04 million. The company hosted five U.S. Army Bowl Regional Combines attracting nearly 1,000 high school athletes across key cities. Signing Day Sports renewed its role as National Recruiting Partner to the U.S. Army Bowl through 2026, maintaining exclusive rights to combines and revenue from athlete registrations. The company's digital platform expansion includes weekly recruiting webinars connecting student-athletes with college coaches, focusing on driving growth in higher-margin subscription-based revenues.

Positive

• 66% year-over-year reduction in net loss from $2.50M to $0.84M
• 52% decrease in general and administrative expenses from $2.04M to $0.97M
• Strong engagement with nearly 1,000 athletes participating in regional combines
• Renewed U.S. Army Bowl partnership through 2026 with exclusive rights

Negative

• Revenue declined 35% year-over-year from $0.23M to $0.15M
• Company continues to operate at a loss despite cost reductions

Insights

Financial Analyst

SGN cut Q1 losses by 66% through cost streamlining but saw revenue decline amid strategic shift toward higher-margin services.

Signing Day Sports' Q1 2025 results show a company in transition - pivoting toward operational efficiency while sacrificing short-term revenue. The company reduced its net loss to $0.84 million from $2.50 million year-over-year - a substantial 66% improvement that stems primarily from slashing general and administrative expenses by over 52%.

However, this cost discipline comes alongside revenue contraction, with Q1 revenue declining to $0.15 million from $0.23 million in the comparable period. This 35% revenue decrease raises questions about their growth trajectory despite management's optimistic outlook.

The company's strategic focus appears to be shifting toward more scalable, higher-margin subscription services through their digital platform while leveraging their U.S. Army Bowl partnership to generate athlete registrations. During Q1, they hosted five regional combines attracting nearly 1,000 high school athletes, demonstrating reasonable engagement with their target market.

Their cash burn rate has improved significantly given the reduced quarterly loss, though the absolute revenue figure remains concerning. The company needs to demonstrate that its operational efficiency gains aren't coming at the expense of vital growth initiatives. Without providing specific subscriber metrics or conversion rates from their combines to paid users, it's difficult to evaluate if their strategic pivot will successfully translate engagement into revenue growth.

While management expresses confidence in driving "higher-margin, subscription-based revenues," the financial results don't yet reflect this transformation. Investors should monitor whether upcoming quarters show revenue stabilization or growth while maintaining the improved cost structure.

Reduces Net Loss for Quarter by 66% Year-Over-Year, Reflecting Improved Operating Efficiency

 Strong Combine Participation and Scalable Digital Platform Expected to Drive Higher Margin Growth

SCOTTSDALE, AZ, May 15, 2025 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced selected financial results for the quarter ended March 31, 2025, and provided a business update.

Daniel Nelson, Chief Executive Officer and Chairman of Signing Day Sports, stated, “One of our primary objectives this quarter was to streamline costs and strike the right balance between growth and efficiency—resulting in a 66% year-over-year reduction in net loss. At the same time, we have seen strong athlete engagement through our national combine series and weekly recruiting webinars, which continues to expand our brand visibility. With enhancements to the digital platform and the signing of a new Sponsorship Agreement with the U.S. Army Bowl during the quarter, we believe we are well-positioned to drive growth in higher-margin, subscription-based revenues. We are also advancing strategic initiatives that we believe could significantly enhance long-term shareholder value. Overall, we have laid a strong foundation for scalable growth and meaningful returns, while continuing to enable new college recruiting opportunities for student-athletes and coaches nationwide.”

During the first quarter of 2025, Signing Day Sports advanced its growth strategy by hosting five U.S. Army Bowl Regional Combines in key cities—Atlanta, Georgia; Orlando, Florida; Chicago, Illinois; Phoenix, Arizona; and Jackson, Mississippi—which attracted nearly 1,000 high school athletes. These events reinforce the strong demand for verified performance data and enhanced recruiting visibility.

To extend this momentum, the Company expanded its digital footprint with weekly recruiting webinars that spotlight top student-athletes and promote direct engagement with college coaches. Signing Day Sports also renewed its role as the National Recruiting Partner to the U.S. Army Bowl through 2026, maintaining exclusive rights to national and regional combines and generating revenue from athlete registrations. Verified data collected from these events is automatically integrated into athlete profiles on the Company’s app, enhancing usability and value for both users and coaches.

Financial highlights for the quarter ended March 31, 2025

• Revenue totaled approximately $0.15 million for the three months ended March 31, 2025, compared to approximately $0.23 million for the comparable 2024 period.
• General and administrative expenses were approximately $0.97 million for the three months ended March 31, 2025, compared to approximately $2.04 million for the 2024 period.
• Net loss was approximately $0.84 million for the three months ended March 31, 2025, compared to a net loss of approximately $2.50 million in the same period in 2024.

The selected results included in this press release should be reviewed together with the Company’s complete financial results for the quarter ended March 31, 2025. The complete financial results are available in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 15, 2025 and available at www.sec.gov.

Signing Day Sports

Signing Day Sports' mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports' app allows student-athletes to build their Signing Day Sports' recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. The Signing Day Sports app includes a platform to upload a comprehensive data set including video-verified measurables (such as height, weight, 40-yard dash, wingspan, and hand size), academic information (such as official transcripts and SAT/ACT scores), and technical skill videos (such as drills and mechanics that exemplify player mechanics, coordination, and development). For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports.

Forward-Looking Statements

This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "may," "could," "will," "should," "would," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "project" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors. These risks, uncertainties and other factors are described more fully in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond our control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
SGN@crescendo-ir.com

FAQ

What were Signing Day Sports (SGN) Q1 2025 financial results?

In Q1 2025, SGN reported revenue of $0.15M, down from $0.23M in Q1 2024. Net loss decreased 66% to $0.84M from $2.50M year-over-year, while general and administrative expenses reduced to $0.97M from $2.04M.

How many athletes participated in Signing Day Sports' U.S. Army Bowl Regional Combines in Q1 2025?

Nearly 1,000 high school athletes participated in five U.S. Army Bowl Regional Combines held in Atlanta, Orlando, Chicago, Phoenix, and Jackson.

What is the duration of Signing Day Sports' renewed partnership with U.S. Army Bowl?

Signing Day Sports renewed its role as National Recruiting Partner to the U.S. Army Bowl through 2026, maintaining exclusive rights to national and regional combines.

How did Signing Day Sports (SGN) reduce its net loss in Q1 2025?

SGN reduced its net loss by streamlining costs and improving operating efficiency, resulting in a 52% decrease in general and administrative expenses from $2.04M to $0.97M.