On August 20, 2024, Signing Day Sports, Inc., a Delaware-incorporated company listed on the NYSE American under the symbol SGN, released its financial results for the second quarter and first half of the year ending June 30, 2024. The company, which operates a platform to assist high school athletes in the recruitment process, reported a 75% year-over-year revenue growth for Q2 2024 and a 157% growth for the first half of the year. CEO Daniel Nelson highlighted the growth driven by increases in event and subscription revenue since the company went public in late 2023. President Jeff Hecklinski noted a 42% increase in paid subscriptions for Q2 and a 96% growth for the first half of the year compared to 2023. The company also reported a retention rate of over...Show More

On August 20, 2024, Signing Day Sports, Inc., a Delaware-incorporated company listed on the NYSE American under the symbol SGN, released its financial results for the second quarter and first half of the year ending June 30, 2024. The company, which operates a platform to assist high school athletes in the recruitment process, reported a 75% year-over-year revenue growth for Q2 2024 and a 157% growth for the first half of the year. CEO Daniel Nelson highlighted the growth driven by increases in event and subscription revenue since the company went public in late 2023. President Jeff Hecklinski noted a 42% increase in paid subscriptions for Q2 and a 96% growth for the first half of the year compared to 2023. The company also reported a retention rate of over 45% for paid subscriptions in Q2 2024. Despite the revenue growth, the company incurred a net loss of approximately $1.3 million for Q2 and $3.8 million for the first half of the year, with increased general and administrative expenses being a significant contributor to the losses. The full financial results have been filed with the SEC and are available on their website.