YYAI

MKT CAP:$16M

AiRWA Inc.

Market Cap

$16M

Consumer Cyclical·Leisure·🇺🇸 United States·NASDAQ

Consumer Cyc.·Leisure·🇺🇸·NASDAQ

Stock Price

$0.89-$0.01 (-1.29%)

Apr 20, 2026

Company Details

Connexa Sports Technologies Inc. engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a b...

CEO

Thomas Tarala

IPO Date

Jan 8, 2021

Website

yuanyuenterprise.com

Key Metrics TTM

Revenue

$11M

+31.5% YoY

Net Income

-$7M

EPS (Diluted)

-$107.51

Free Cash Flow

$5M

Revenue / Share

$0.34

Gross Margin

25.8%

Operating Margin

-55.6%

Net Margin

-63.8%

FCF Margin

44.5%

P/S

1.4x

P/E

—

Earnings Reports

Q3 2026

Mar 17, 2026

$7MEPS -$0.05

Q2 2026

Dec 23, 2025

$3M+729.8%EPS $0.04

Q2 2025

Dec 13, 2024

$361.5K-84.3%EPS -$12.00

Q1 2025

Jul 30, 2024

$704.9K-77.4%EPS -$95.50

FY 2024

Apr 29, 2024

$8MEPS -$1,622.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$3M	$785.2K	-$2M
Q2 22	$5M	$2M	-$35M
Q3 22	$4M	$967.3K	-$3M
Q4 22	$5M	$647.3K	-$3M
Q1 23	$5M	$1M	-$5M
Q2 23	$4M	$801.4K	-$6M
Q3 23	$2M	$1M	-$1M
Q4 23	$2M	-$11M	-$13M
Q1 24	$3M	$892.7K	-$2M
Q2 24	$2M	$647.0K	-$1M
Q3 24	$2M	$1M	-$2M
Q4 24	$912.3K	$561.2K	-$1M
Q1 25	$704.9K	$272.1K	-$3M
Q2 25	$361.5K	-$70.9K	-$1M
Q2 26	$3M	$2M	$54.7K
Q3 26	$7M	$391.3K	-$2M

Valuation

Quarter	P/S	P/E
Q1 22	17.1x	—
Q2 22	16.0x	—
Q3 22	10.4x	—
Q4 22	9.7x	—
Q1 23	1.7x	—
Q2 23	1.2x	—
Q3 23	2.6x	—
Q4 23	2.3x	—
Q1 24	3.1x	—
Q2 24	2.2x	—
Q3 24	1.2x	—
Q4 24	7.7x	—
Q1 25	13.4x	—
Q2 25	9.9x	—
Q2 26	1.0x	—
Q3 26	0.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$104.7K	-$104.7K
Q2 22	-$6M	-$6M
Q3 22	-$2M	-$2M
Q4 22	-$4M	-$4M
Q1 23	-$3M	-$3M
Q2 23	-$3M	-$3M
Q3 23	-$349.2K	-$349.2K
Q4 23	$480.4K	$480.4K
Q1 24	$267.2K	$267.2K
Q2 24	-$915.3K	-$915.3K
Q3 24	-$2M	-$2M
Q4 24	-$253.0K	-$253.0K
Q1 25	-$72.6K	-$72.7K
Q2 25	$75.4K	$75.4K
Q2 26	-$31M	-$31M
Q3 26	$36M	$36M

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$4
Q2 25	$0
Q2 26	$3
Q3 26	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+349.1%	+148.2%
Q2 22	+106.1%	+1335.0%
Q3 22	+1.9%	+44.0%
Q4 22	+34.2%	+59.1%
Q1 23	+94.9%	+97.5%
Q2 23	-26.8%	-74.4%
Q3 23	-61.8%	-64.1%
Q4 23	-51.2%	+115.3%
Q1 24	-36.9%	-49.9%
Q2 24	-41.9%	-65.6%
Q3 24	+28.9%	+61.1%
Q4 24	-60.2%	-87.0%
Q1 25	-77.4%	-20.4%
Q2 25	-84.3%	-51.6%
Q2 26	+45.0%	-30.9%
Q3 26	+664.3%	+320.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$187.8K	7.4%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$277.6K	7.0%
Q3 23	$193.1K	12.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$267.9K	12.9%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q2 26	$0	0.0%
Q3 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$174.0K	$2M	$707.1K	—
Q2 22	$103.3K	—	—	$37M
Q3 22	$275.9K	—	—	$4M
Q4 22	$302.4K	—	—	$3M
Q1 23	$834.8K	—	—	$6M
Q2 23	$1M	$4M	$347.1K	—
Q3 23	$3.6K	$2M	$270.7K	—
Q4 23	—	$13M	$553.5K	—
Q1 24	—	$3M	$242.4K	—
Q2 24	—	$2M	$305.0K	—
Q3 24	—	$3M	$735.6K	—
Q4 24	—	$1M	$282.0K	—
Q1 25	—	$3M	$146.1K	—
Q2 25	—	—	—	$1M
Q2 26	—	$2M	$450.0K	—
Q3 26	—	$2M	—	—

Revenue Segments

Quarter	Advertising	Royalty
Q3 26	$6M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$2M	$0	$2M
Q1 23	$2M	$0	$2M
Q2 23	$610.8K	$0	$610.8K
Q3 23	$316.8K	$0	$316.8K
Q4 23	$202.1K	$0	$202.1K
Q1 24	$386.5K	$0	$386.5K
Q2 24	$285.9K	$0	$285.9K
Q3 24	$17M	$0	$17M
Q4 24	$229.7K	$17M	$17M
Q1 25	$2M	$17M	$18M
Q2 25	$2M	$17M	$18M
Q3 25	$83.7K	$4M	$4M
Q4 25	$54.7K	$1M	$1M
Q1 26	$52.7K	$2M	$3M
Q2 26	$106M	$2M	$107M
Q3 26	$36M	$1M	$37M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	73	—	+12.3%
Q2 22	103	+41.1%	+56.1%
Q3 22	105	+1.9%	+56.7%
Q4 22	105	0.0%	—
Q1 23	176	+67.6%	+141.1%
Q2 23	28K	+15551.1%	+26643.7%
Q3 23	33K	+20.4%	+31482.9%
Q4 23	34K	+1.5%	+31972.4%
Q1 24	44K	+30.2%	+24805.7%
Q2 24	91K	+108.1%	+231.1%
Q3 24	91K	0.0%	+175.1%
Q4 24	36K	-60.0%	+8.3%
Q1 25	44K	+20.9%	+0.6%
Q2 25	116K	+162.0%	+26.7%
Q2 26	4M	+3502.6%	+4464.8%
Q3 26	33M	+685.9%	+89599.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$181.3K	14
Q2 22	$385.8K	14
Q3 22	$300.1K	14
Q4 22	$586.5K	8
Q1 23	$618.3K	8
Q2 23	$494.3K	8
Q3 23	$200.7K	8
Q4 23	$254.4K	9
Q1 24	$346.7K	9
Q2 24	$255.1K	9
Q3 24	$230.0K	9
Q4 24	$114.0K	8
Q1 25	$88.1K	8
Q2 25	$45.2K	8
Q2 26	$214.3K	14
Q3 26	$498.1K	14

Revenue / Employee