Connexa Sports Technologies ( (YYAI) ) has released a notification of late filing.
Connexa Sports Technologies Inc. has filed a Form 12b-25, indicating a delay in submitting its Form 10-Q (Quarter Report) for the financial period ending January 31, 2025. The delay is primarily due to complexities in accounting following the acquisition of Yuanyu Enterprise Management Co., Limited and the subsequent business model shift. The company plans to file the report within five calendar days after the original deadline. Despite the delay, Connexa anticipates significant financial improvements, including a 25% increase in revenue and a 170% rise in gross profit for the nine-month period ending January 31, 2025, compared to the previous year. The notification was signed by CEO Thomas Tarala, who assured ongoing compliance efforts.
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YTD Price Performance: -44.33%
Average Trading Volume: 3,587,477
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.3M
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