Mon, Mar 24, 9:29 PM (33 days ago)
**Connexa Sports Technologies Inc. (YYAI) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue surged to $3,272,727, a 581% increase from Q1 2024's $480,768. - **Profit Margins:** Gross profit margin improved significantly, with Q1 2025 at $2,528,496 compared to $336,538 in Q1 2024. - **Cash Flow:** Net cash provided by operating activities was $44,359 for Q1 2025, indicating positive cash flow from operations. - **Earnings:** Net income for Q1 2025 was $156,408, a notable increase from $279,417 in Q1 2024. **Key Metrics and Trends:** - **Operating Expenses:** General and administrative expenses increased to $1,998,205 in Q1 2025 from $1,905 in Q1 2024. - **Operating Income:** Operating income rose to $530,791 in Q1 2025, up from $334,633 in Q1 2024. - **Net Income:** Net income attributable to controlling interest was $(411,209) in Q1 2025, compared to $279,417 in Q1 2024. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by royalty income from new licensees, revenue saw a substantial increase. - **Cost of Revenue:** Increased due to higher amortization costs of new intellectual property. - **Operating Expenses:** Higher due to increased royalty revenue and preparation for YYEM becoming an operating subsidiary. - **Net Income:** Increased primarily due to royalty income from new licensees, partially offset by higher professional and director fees. **Future Operations and Uncertainties:** - **Growth Opportunities:** YYEM expects growth opportunities and financial benefits post-acquisition. - **Risks:** Includes operational and financial risks, competitive pressures, and regulatory uncertainties. - **Market Conditions:** Volatile global economic conditions and geopolitical developments could impact financial results. **Conclusion:** Connexa Sports Technologies Inc. (YYAI) demonstrated strong revenue growth and improved profit margins in Q1 2025. However, the company faces significant risks and uncertainties that could impact future operations and financial performance.