Here are the 10-K annual reports from AiRWA Inc. (YYAI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow YYAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full YYAI filings page.
AiRWA Inc. (YYAI) reported results for the year ended April 30, 2026, with revenue of $25.8 million, up from $12.8 million a year earlier, but swinging to a net loss of $17.6 million versus prior-year net income of $4.6 million. Gross profit fell to $3.3 million as cost of revenue rose sharply.
During the year, AiRWA transformed into a diversified AI and digital services company, acquiring Rafael AI for $140 million and generating $6.6 million of AI services revenue in the final quarter, plus $7.3 million in technology-licensing royalties and $12.0 million from advertising services. After year-end it bought 97% of Best Life for $50 million, adding an international trading arm.
Total assets increased to $210.4 million, including $12.8 million of cash and $19.2 million of digital assets, funded largely through equity raises totaling about $197.7 million of financing cash inflows. Results were burdened by a $7.5 million impairment of intangible assets and other non-operating charges, and management highlights risks around replacing terminated online-dating licensees, executing acquisitions, Hong Kong/PRC regulatory uncertainty, and remediating material weaknesses in internal control over financial reporting.
Connexa Sports Technologies Inc. completed a transformational acquisition of a controlling interest in Yuanyu Enterprise Management Co., Limited (YYEM) for a combined $56.0 million, including $16.5 million paid in cash and a November 21, 2024 share exchange that issued 8,127,572 Connexa shares. YYEM became the company’s sole operating subsidiary and the company divested its legacy Slinger Bag Americas business in a separation transaction for $1.00, coincident with resignations of prior directors and officers.
YYEM licenses AI matchmaking and metaverse technologies (six metaverse technologies and five AI matchmaking patents) and generated $12.8 million of royalties in the fiscal year ended April 30, 2025. Connexa has financing initiatives in place including an ATM facility up to $2,213,152 and a conditional $4.6 million private placement (20,000,000 units at $0.23 with warrants at $0.89). The Company disclosed it will require additional financing to meet working capital needs and received a Nasdaq notice for board/audit-committee independence with a cure period.