Connexa Sports Technologies Inc. Reports Net Loss of $71.2 Million for the Year Ended April 30, 2023
Annual Revenue of $9.9 Million
By USInMinutes
Published - Sep 14, 2023, 05:31 PM ET
Last Updated - Sep 14, 2023, 05:31 PM EDT
Connexa Sports Technologies Inc. [CNXA], a leading sports technology company, has reported a net loss of $71.2 million for the year ended April 30, 2023. The company generated annual revenue of $9.9 million during the same period.
Financial Performance
The financial performance of Connexa Sports Technologies Inc. has been challenging over the past year. The company experienced a significant decrease in net sales, which decreased from $16.1 million in the previous year to $9.9 million in the current year. This decline can primarily be attributed to a decrease in demand for the company's products and services.
