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Signing Day Sports, Inc.

CIK: 18984742 Annual ReportsLatest: 2025-04-11

10-K / April 11, 2025

Revenue:$615,551
Income:-$8,700,000

10-K / March 29, 2024

Revenue:$307,578
Income:-$5,480,000

10-K / April 11, 2025

Summary of Signing Day Sports, Inc.

Business Overview

  • Industry: Sports technology and recruitment platform
  • Primary Focus: Develops and operates a digital ecosystem to help student-athletes get discovered and recruited by college coaches and recruiters across the U.S.
  • Supported Sports: Football, baseball, softball, men's and women’s soccer (with plans to expand support to additional sports)
  • Launch Year: 2019
  • Technology Platform:
    • Mobile app available on Apple’s App Store and Google Play
    • Browser-based portal for coaches and recruiters
    • Features include uploading verified athletic and academic data, videos, interviews, messaging, and search tools
  • Participants in 2024: 8,311 student-athletes and groups across the U.S.
  • Customer Base: Colleges in NCAA Division I, II, III, and NAIA have used the platform for recruitment
  • Employees: 9 total (6 full-time, 3 part-time), with additional consultants
  • Revenue (2024): Approximately $615,551
  • Net Income (2024): Net loss of about $8.7 million
  • Assets (2024): Around $1.1 million
  • Stockholders’ Deficit (2024): Approximately $2.2 million
  • Outstanding Shares (as of April 8, 2025): 1,988,576 shares of common stock

Key Capabilities and Features

  • Profile Management: Upload athlete data, videos, academic records, and interviews
  • Verification: Data is video-verified for measurables, drills, and statistics
  • Communication Tools: Direct messaging between athletes and recruiters
  • Search and Filtering: Evaluates prospects using advanced search features
  • Public Profiles: Athletes can share public profiles with social media and recruiters
  • Recruitment Tools for Coaches: Manage recruitment processes, track athlete progress, and build prospect lists
  • Educational Support: SDS University, a blog, webinars, and tutorials assist athletes and parents
  • AI Features (Planned): AI matchmaking, lead scraping, hardware integration for video, and chatbots
  • Event Functionality: Combine series, regional combines, and support for prestigious events like the U.S. Army Bowl

Strategic Goals

  • Expand sports support and features
  • Launch new products, such as public profiles, social community features, and AI integrations
  • Increase brand awareness through sponsorships, strategic alliances, and events
  • Pursue international expansion, starting with North America and potentially abroad
  • Grow revenue streams via subscriptions, branded apparel, supplements, and related products
  • Develop growth channels through sports alliances (e.g., U.S. Army Bowl, EDP Soccer) and event-based marketing

Business Model

  • Subscription-based revenue for athletes: $249.99 annually or $24.99 monthly
  • Referral discounts and alliance partner revenue sharing
  • Revenue from event participation and sponsorships
  • Subscription sharing with sports organizations like EDP Soccer and Bowl series

Regulatory and Data Security

  • Complies with laws such as FERPA, COPPA, GDPR, CCPA, and others
  • Focus on data privacy, security, and managing risks from breaches
  • Employs encryption, regular testing, third-party audits, and security protocols

Note: The company has a history of financial losses, a limited operating history, and is actively seeking additional funding due to a significant accumulated deficit and ongoing cash flow challenges.