Signing Day Sports Announces Selected Financial Results for the Year Ended December 31, 2024
Signing Day Sports (NYSE: SGN) reported significant financial growth for the year ended December 31, 2024. The company, which develops an app platform for high school athlete recruitment, achieved 100% revenue growth, reaching $0.6 million compared to $0.3 million in 2023. Gross profit increased to $0.4 million from $0.3 million.
Key financial metrics include:
- Cost of revenues: $0.2 million (2024) vs $0.04 million (2023)
- Advertising expenses: $0.09 million (2024) vs $0.4 million (2023)
- General administrative expenses: $7.8 million (2024) vs $4.6 million (2023)
- Net loss: $8.7 million with $19.86 loss per share (2024) vs $5.5 million with $19.85 loss per share (2023)
The company maintains strategic partnerships, including collaboration with the U.S. Army Bowl, and plans to focus on technology advancement, customer growth, recruiting webinars, and expanding their coaches' contact list.
Signing Day Sports (NYSE: SGN) ha riportato una significativa crescita finanziaria per l'anno conclusosi il 31 dicembre 2024. L'azienda, che sviluppa una piattaforma di app per il reclutamento di atleti delle scuole superiori, ha raggiunto una crescita del fatturato del 100%, passando da 0,3 milioni di dollari nel 2023 a 0,6 milioni di dollari. Il profitto lordo è aumentato a 0,4 milioni di dollari rispetto a 0,3 milioni di dollari.
I principali indicatori finanziari includono:
- Costo dei ricavi: 0,2 milioni di dollari (2024) rispetto a 0,04 milioni di dollari (2023)
- Spese pubblicitarie: 0,09 milioni di dollari (2024) rispetto a 0,4 milioni di dollari (2023)
- Spese generali e amministrative: 7,8 milioni di dollari (2024) rispetto a 4,6 milioni di dollari (2023)
- Perdita netta: 8,7 milioni di dollari con una perdita di 19,86 dollari per azione (2024) rispetto a 5,5 milioni di dollari con una perdita di 19,85 dollari per azione (2023)
L'azienda mantiene partnership strategiche, inclusa la collaborazione con l'U.S. Army Bowl, e prevede di concentrarsi sull'avanzamento tecnologico, sulla crescita dei clienti, sui webinar di reclutamento e sull'espansione della lista di contatti dei loro allenatori.
Signing Day Sports (NYSE: SGN) reportó un crecimiento financiero significativo para el año que finalizó el 31 de diciembre de 2024. La compañía, que desarrolla una plataforma de aplicaciones para el reclutamiento de atletas de secundaria, logró un crecimiento de ingresos del 100%, alcanzando 0,6 millones de dólares en comparación con 0,3 millones de dólares en 2023. La ganancia bruta aumentó a 0,4 millones de dólares desde 0,3 millones de dólares.
Los principales indicadores financieros incluyen:
- Costo de ingresos: 0,2 millones de dólares (2024) frente a 0,04 millones de dólares (2023)
- Gastos publicitarios: 0,09 millones de dólares (2024) frente a 0,4 millones de dólares (2023)
- Gastos generales y administrativos: 7,8 millones de dólares (2024) frente a 4,6 millones de dólares (2023)
- Pérdida neta: 8,7 millones de dólares con una pérdida de 19,86 dólares por acción (2024) frente a 5,5 millones de dólares con una pérdida de 19,85 dólares por acción (2023)
La empresa mantiene asociaciones estratégicas, incluida la colaboración con el U.S. Army Bowl, y planea enfocarse en el avance tecnológico, el crecimiento de clientes, los seminarios web de reclutamiento y la expansión de la lista de contactos de sus entrenadores.
Signing Day Sports (NYSE: SGN)는 2024년 12월 31일로 종료된 회계연도에 대한 중요한 재무 성장을 보고했습니다. 고등학교 운동선수 모집을 위한 앱 플랫폼을 개발하는 이 회사는 100%의 수익 성장을 달성하여 2023년 0.3백만 달러에서 0.6백만 달러에 도달했습니다. 총 이익은 0.3백만 달러에서 0.4백만 달러로 증가했습니다.
주요 재무 지표는 다음과 같습니다:
- 수익 비용: 0.2백만 달러 (2024) 대 0.04백만 달러 (2023)
- 광고 비용: 0.09백만 달러 (2024) 대 0.4백만 달러 (2023)
- 일반 관리 비용: 7.8백만 달러 (2024) 대 4.6백만 달러 (2023)
- 순손실: 8.7백만 달러로 주당 19.86달러 손실 (2024) 대 5.5백만 달러로 주당 19.85달러 손실 (2023)
회사는 U.S. Army Bowl과의 협력을 포함한 전략적 파트너십을 유지하고 있으며, 기술 발전, 고객 성장, 채용 웨비나 및 코치 연락처 목록 확장에 집중할 계획입니다.
Signing Day Sports (NYSE: SGN) a rapporté une croissance financière significative pour l'année se terminant le 31 décembre 2024. L'entreprise, qui développe une plateforme d'application pour le recrutement d'athlètes de lycée, a atteint une croissance des revenus de 100%, atteignant 0,6 million de dollars par rapport à 0,3 million de dollars en 2023. Le bénéfice brut a augmenté de 0,3 million de dollars à 0,4 million de dollars.
Les principaux indicateurs financiers comprennent :
- Coût des revenus : 0,2 million de dollars (2024) contre 0,04 million de dollars (2023)
- Dépenses publicitaires : 0,09 million de dollars (2024) contre 0,4 million de dollars (2023)
- Dépenses générales et administratives : 7,8 millions de dollars (2024) contre 4,6 millions de dollars (2023)
- Perte nette : 8,7 millions de dollars avec une perte de 19,86 dollars par action (2024) contre 5,5 millions de dollars avec une perte de 19,85 dollars par action (2023)
L'entreprise maintient des partenariats stratégiques, y compris une collaboration avec le U.S. Army Bowl, et prévoit de se concentrer sur l'avancement technologique, la croissance de la clientèle, les webinaires de recrutement et l'expansion de la liste de contacts de ses entraîneurs.
Signing Day Sports (NYSE: SGN) berichtete über ein signifikantes finanzielles Wachstum für das am 31. Dezember 2024 endende Jahr. Das Unternehmen, das eine App-Plattform für die Rekrutierung von Schülerathleten entwickelt, erzielte ein Umsatzwachstum von 100%, mit einem Umsatz von 0,6 Millionen Dollar im Vergleich zu 0,3 Millionen Dollar im Jahr 2023. Der Bruttogewinn stieg von 0,3 Millionen Dollar auf 0,4 Millionen Dollar.
Wichtige Finanzkennzahlen umfassen:
- Kosten der Umsätze: 0,2 Millionen Dollar (2024) vs. 0,04 Millionen Dollar (2023)
- Werbeausgaben: 0,09 Millionen Dollar (2024) vs. 0,4 Millionen Dollar (2023)
- Allgemeine Verwaltungskosten: 7,8 Millionen Dollar (2024) vs. 4,6 Millionen Dollar (2023)
- Nettoverlust: 8,7 Millionen Dollar mit einem Verlust von 19,86 Dollar pro Aktie (2024) vs. 5,5 Millionen Dollar mit einem Verlust von 19,85 Dollar pro Aktie (2023)
Das Unternehmen pflegt strategische Partnerschaften, einschließlich der Zusammenarbeit mit dem U.S. Army Bowl, und plant, sich auf technologische Fortschritte, Kundenwachstum, Rekrutierungswebinare und die Erweiterung der Kontaktliste ihrer Trainer zu konzentrieren.
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Company Achieves
SCOTTSDALE, Ariz., April 11, 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 provided a business update and announced selected financial results for the year ended December 31, 2024.
"We are pleased to report a year of significant growth and success at Signing Day Sports,” commented Daniel Nelson, Chief Executive Officer and Chairman of Signing Day Sports. “With revenue reaching approximately
"As the athletic recruiting industry continues to evolve, Signing Day Sports remains committed to empowering student-athletes with innovative tools and resources to navigate the recruitment process. Over the past year, we have continued key business relationships, including our continued collaboration with the U.S. Army Bowl, with the aim of further solidifying our leadership in the recruiting space. These efforts are driven by the significant impact we are seeking to make with our platform."
"Looking forward, we will continue prioritizing technology and customer growth opportunities to drive strategic growth. We believe that initiatives such as recruiting webinars, an expanded coaches’ contact list, and potential strategic transactions will enable us to unlock new opportunities and deliver even greater value to our users. Our commitment to broadening our geographic reach and growing our customer base has never been stronger as we lay the groundwork for long-term scalability."
"The challenges we navigated in 2024 have only reinforced the resilience and dedication of our team. I am incredibly proud of their focus and determination. As we move ahead, we are more committed than ever to execute our vision, strengthen relationships with our customers and collaborators, and drive long-term success for Signing Day Sports. Through disciplined capital allocation, strategic innovation, consistent execution, and a long-term growth mindset, we are shaping the future of athletic recruiting and creating meaningful opportunities for student-athletes nationwide," concluded Mr. Nelson.
Financial results for the year ended December 31, 2024
- Revenue totaled approximately
$0.6 million for the year ended December 31, 2024, 2024, compared to approximately$0.3 million for the comparable 2023 period. - Cost of revenues totaled approximately
$0.2 million for the year ended December 31, 2024, compared to approximately$0.04 million in 2023. - Advertising and marketing expenses were approximately
$0.09 million for the year ended December 31, 2024, compared to approximately$0.4 million for the 2023 comparable period. - General and administrative expenses were approximately
$7.8 million in 2024, compared to approximately$4.6 million in 2023. - Net loss was approximately
$8.7 million , and diluted loss per share was$19.86 , for the year ended December 31, 2024, compared to a net loss of approximately$5.5 million , and diluted loss per share of$19.85 in 2023.
The selected results included in this press release should be reviewed together with the Company’s complete financial results for the year ended December 31, 2024. The complete financial results for the year ended December 31, 2024 are available in the Company’s Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission on April 11, 2025, and is 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
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