Signing Day Sports announced financial results for Q2 2024, reporting net revenues of $0.44 million, a 157% increase from $0.17 million in Q2 2023. The growth was primarily driven by a $0.19 million increase in event fee payments and $0.08 million rise in subscription revenue. The company's user base expanded significantly with 4,826 total subscriptions by end of Q2 2024.The company reported a net loss of $3.81 million for the six months ended June 30, 2024, compared to $1.65 million in the same period of 2023. Operating expenses increased to $3.40 million from $1.41 million, mainly due to higher legal expenses, stock-based compensation, and corporate regulatory costs. Cash and cash equivalents stood at $35,943 as of June 30, 2024.Management continues to focus on business development and platform expansion across multiple sports. The company has implemented strategic changes including discontinuing free promotional arrangements, reextending app design, and forming strategic alliances with major sports recruiting industry participants. However, substantial doubt remains about the company's ability to continue as a going concern without additional financing.

Signing Day Sports announced financial results for Q2 2024, reporting net revenues of $0.44 million, a 157% increase from $0.17 million in Q2 2023. The growth was primarily driven by a $0.19 million increase in event fee payments and $0.08 million rise in subscription revenue. The company's user base expanded significantly with 4,826 total subscriptions by end of Q2 2024.The company reported a net loss of $3.81 million for the six months ended June 30, 2024, compared to $1.65 million in the same period of 2023. Operating expenses increased to $3.40 million from $1.41 million, mainly due to higher legal expenses, stock-based compensation, and corporate regulatory costs. Cash and cash equivalents stood at $35,943 as of June 30, 2024.Management continues to focus on business development and platform expansion across multiple sports. The company has implemented strategic changes including discontinuing free promotional arrangements, reextending app design, and forming strategic alliances with major sports recruiting industry participants. However, substantial doubt remains about the company's ability to continue as a going concern without additional financing.