share_log

Connexa Sports Technologies | 10-K/A: Annual report (Amendment)

SEC ·  Mar 25, 2024 23:43

Summary by Moomoo AI

Connexa Sports Technologies Inc. (Connexa Sports), a Delaware-incorporated company, filed its annual report for the fiscal year ended April 30, 2023. The report includes audited financial statements and notes, reflecting the company's financial position and results of operations. Connexa Sports reported a net loss of $71,153,685 for the year, with an accumulated deficit of $151,750,610. The company's working capital was negative at $18,775,991. The report also notes the disposal of subsidiaries PlaySight and Foundation Sports, which are now classified as discontinued operations. The disposal resulted in a loss of $41,413,892. Connexa Sports' financial statements have been prepared on a going concern basis, despite substantial doubt about its ability to continue due to its financial condition. The company plans to finance future operations through...Show More
Connexa Sports Technologies Inc. (Connexa Sports), a Delaware-incorporated company, filed its annual report for the fiscal year ended April 30, 2023. The report includes audited financial statements and notes, reflecting the company's financial position and results of operations. Connexa Sports reported a net loss of $71,153,685 for the year, with an accumulated deficit of $151,750,610. The company's working capital was negative at $18,775,991. The report also notes the disposal of subsidiaries PlaySight and Foundation Sports, which are now classified as discontinued operations. The disposal resulted in a loss of $41,413,892. Connexa Sports' financial statements have been prepared on a going concern basis, despite substantial doubt about its ability to continue due to its financial condition. The company plans to finance future operations through existing cash, loans, and potential equity or debt offerings. Connexa Sports operates in the sports equipment and technology business, owning the Slinger Launcher and Gameface AI. The company's common stock is registered on the Nasdaq Capital Market under the symbol CNXA. Connexa Sports has faced compliance issues with Nasdaq's listing requirements, including stockholders' equity and bid price rules, and has been granted extensions to regain compliance. The company's future plans include addressing these compliance issues and continuing its business operations.

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Doc 5

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Related Stocks Related Stocks
    Symbol Mini Chart Price
    SRM Entertainment
    SRM
    -- 0.700
    Sacks Parente Golf
    SPGC
    -- 0.888
    Golden Heaven
    GDHG
    -- 1.420
    Connexa Sports Technologies
    YYAI
    -- 0.449
    Johnson Outdoors
    JOUT
    -- 30.230
    Log In for the Full List
    Reassessing Chinese Assets
    Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
    Discussing
    FOMC leaves rates unchanged, how will you adjust your portfolio?
    FOMC left the target Federal Funds rate unchanged at at target of 4.25%-4.5%, how will you adjust your portfolio? Show More
    FOMC Press Conference, January 29, 2025