Connexa Sports Technologies ( (YYAI) ) has released a notification of late filing.
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Connexa Sports Technologies Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending April 30, 2025. The delay is primarily due to the need for additional time to complete audits for both the fiscal years ending April 30, 2024, and April 30, 2025, as well as adjustments in the operating subsidiary’s year-end. The company expects to file the report within 15 days of the original deadline. Notably, significant changes in financial results are anticipated, partly due to the acquisition of a 70% stake in Yuanyu Enterprise Management Co., Limited and the divestment of its Slinger Bag business. Connexa Sports is committed to compliance and transparency, with CEO Thomas Tarala signing off on the notification.
Spark’s Take on YYAI Stock
According to Spark, TipRanks’ AI Analyst, YYAI is a Underperform.
YYAI’s overall stock score reflects significant financial and operational challenges. Declining revenues, negative profitability, and high liabilities weigh heavily. Technical indicators show a bearish trend, and valuation metrics are poor, with the recent earnings call adding further uncertainty.
To see Spark’s full report on YYAI stock, click here.
More about Connexa Sports Technologies
Average Trading Volume: 918,910
Technical Sentiment Signal: Sell
Current Market Cap: $62.62M
For detailed information about YYAI stock, go to TipRanks’ Stock Analysis page.