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Connexa Sports Technologies Inc. - $CNXA STOCK NEWS

Welcome to our dedicated page for Connexa Sports Technologies news (Ticker: $CNXA), a resource for investors and traders seeking the latest updates and insights on Connexa Sports Technologies stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Connexa Sports Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Connexa Sports Technologies's position in the market.

Rhea-AI Summary
Connexa Sports Technologies Inc. has agreed to a multi-year global distribution agreement for Padel Tennis with Desarrollo y Promocion de Padel S.L. The agreement guarantees a minimum of $4 million in annual revenue from 2024. Connexa has also introduced the Slinger Bag Padel Tennis Launcher, a versatile and portable device for Padel Tennis players.
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Connexa reports a nearly 40% drop in operating loss for the quarter ended July 2023 and expects operational profitability by 4Q24. Revenue is on track for an estimated 10% growth in FY24. The company meets compliance with four Nasdaq listing requirements.
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-14.58%
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Rhea-AI Summary
Connexa Sports' Slinger Bag Tennis Launcher surpasses $40 million in cumulative revenues since launch in July 2020.
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-2.4%
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Rhea-AI Summary
Connexa Sports' Pickleball Launcher receives high acclaim with $1 million in sales revenue and strong consumer demand. The sport of Pickleball has nearly 36.5 million players in the US and is one of the fastest-growing sports.
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-26.19%
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Rhea-AI Summary
Connexa Sports Technologies Inc. received a letter from Nasdaq indicating possible delisting due to failure to file Quarterly Report and non-compliance with stockholders' equity and bid price requirements.
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Connexa Sports Technologies Inc. will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-40. The reverse stock split is part of the Company’s plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits.
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Rhea-AI Sentiment
End-of-Day
-15.86%
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Rhea-AI Summary
Connexa Sports Technologies Inc. received a letter from Nasdaq indicating potential delisting due to failure to file Annual Report and lack of compliance with listing requirements. The company is awaiting a decision from the Panel regarding its compliance plan.
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-4.35%
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-3.72%
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-3.47%
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Connexa Sports Technologies Inc.

Nasdaq:CNXA

CNXA Rankings

CNXA Stock Data

277.09M
21.81M
33.18%
3.03%
1.58%
Sporting and Athletic Goods Manufacturing
Manufacturing
Link
United States
Windsor Mill