Signing Day Sports Q1 revenue up 334% YoY to $235k; net loss widens to $2.5M

Signing Day Sports, Inc.

2024-Q1 EPS reported $0.16 revenue$234,627

Revenue of $235k (+334% YoY from $54k); paid monthly subscriptions up >200% YoY.
Net loss of $2.5M ($0.16 loss per share) vs $865k loss ($0.12 loss per share) in Q1 2023.
Operating expenses rose to $2.1M from $727k, partly due to one-time costs for app expansion.
Conversion rate from free trials to paid subscriptions exceeds 40%.
In-house engineering team hired; app expansion to more sports planned for Q2 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Signing Day Sports, Inc. reported first quarter ended March 31, 2024 results: revenue $235,000, net income $2.5 million, EPS ($0.16).

Period: first quarter ended March 31, 2024
Revenue: $235,000
Net income: $2.5 million
EPS: ($0.16)
Result: reported results

Exact text from the filing

Financial results for the three months ended March 31, 2024 ● Revenue totaled approximately $235,000 for the quarter ended March 31, 2024, an increase of 334%, compared to approximately $54,000 for the three months ended March 31, 2023. ● Cost of revenues sold totaled approximately $69,000 for the three months ended March 31, 2024, compared to approximately $16,000 for the three months ended March 31, 2023. ● Advertising and marketing and general and administrative expenses were approximately $2.1 million for the three months ended March 31, 2024, compared to approximately $727,000 for the three months ended March 31, 2023. ● Net loss was approximately $2.5 million, or ($0.16) per share, for the three months ended March 31, 2024, compared to a net loss of approximately $8 65,000, or ($0.12) per share, for the three months ended March 31, 2023.

View on SEC.gov

1362 earnings releases filed in the last 30 days. Browse all earnings releases →

Source: SEC EDGAR

accession 0001213900-24-043974

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.