Tearsheet

Airwa (YYAI)

Market Price (12/4/2025): $1.02 | Market Cap: $0.3 Mil
Sector: Information Technology | Industry: Systems Software

Airwa (YYAI)

Market Price (12/4/2025): $1.02
Market Cap: $0.3 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Weak multi-year price returns 2Y Excs Rtn is -150%, 3Y Excs Rtn is -173%	Penny stock Mkt Price is 1.0
1		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -8.3%
2		Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.9%
3		Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 216%
4		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.1%
5		High stock price volatility Vol 12M is 266%
6		Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 895%

0	Weak multi-year price returns 2Y Excs Rtn is -150%, 3Y Excs Rtn is -173%
1	Penny stock Mkt Price is 1.0
2	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%, Rev Chg QQuarterly Revenue Change % is -8.3%
3	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.9%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.9%
4	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 216%
5	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.1%
6	High stock price volatility Vol 12M is 266%
7	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 895%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$1.02	$62.00	$203.30	$9,360.00
Market Cap CYE ($ Mil)	0.3	7.2	0.5	3.1
Total Debt ($ Mil)	0.0	0.0	2.7	3.4
Total Cash ($ Mil)	2.5	1.4	1.8	0.2
Enterprise Value ($ Mil)	-2.2	7.2	3.2	6.5
Valuation Ratios
P/S TTM	3.3	1.2	9.1	0.3
P/EBIT TTM	16.2	2.4	12.2	-0.1
P/E TTM	-35.5	4.6	18.0	-0.0
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6
P/EBIT TTM (Sector)	0.4	-0.0	-0.1	-0.7
P/E TTM (Sector)	-0.5	-0.3	-0.4	-0.8

	12/4/25	2024
Share Price CYE	$1.02	$62.00
Market Cap CYE ($ Mil)	0.3	7.2
Total Debt ($ Mil)	0.0	0.0
Total Cash ($ Mil)	2.5	1.4
Enterprise Value ($ Mil)	-2.2	7.2
Valuation Ratios
P/S TTM	3.3	1.2
P/EBIT TTM	16.2	2.4
P/E TTM	-35.5	4.6
Sector Ratios
P/S TTM (Sector)	3.2	3.2
P/EBIT TTM (Sector)	0.4	-0.0
P/E TTM (Sector)	-0.5	-0.3

	YYAI	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.0
Rev Chg Q	-8.3%	7.1%
Rev Chg LTM	-1.7%	6.1%
Rev Chg 3Y Avg	-14.3%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	20.1%	18.8%
CFO/Rev LTM	-8.9%	20.5%
Net Inc Mgn	-9.2%	13.1%
VALUATION	MODERATE
P/S	3.3	3.2
P/CFO	-36.4	15.8
P/FCF	-36.4	20.5
P/E	-35.5	23.5
STABILITY	GOOD
Debt/Equity	0.00	0.20
Cash/Assets	0.07	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Initial User Base for AiRWA Exchange	approximately 4 million	10072025	Link

Upcoming
12/12/2025	Earnings Release	Rev: - EPS: -

YYAI Stock

Return (1M):

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Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. A 1-for-50 reverse stock split was executed to maintain Nasdaq listing compliance. Airwa (formerly Connexa Sports Technologies Inc.) implemented a 1-for-50 reverse stock split of its common stock, effective at the opening of trading on October 27, 2025. This action was primarily intended to increase the stock's per-share price to meet Nasdaq's minimum $1 bid price requirement for continued listing. While a reverse split increases the nominal share price, it often signals underlying financial distress and can lead to a significant percentage drop in the overall market capitalization when viewed over a longer period, reflecting the pre-split valuation.

2. The company faced non-compliance with Nasdaq listing rules. On July 9, 2025, Connexa Sports Technologies Inc. received a notice from Nasdaq due to non-compliance with listing rules, specifically related to having an insufficient number of independent directors on its Board of Directors following a resignation. Although the company was granted a cure period, such notices create significant uncertainty and can negatively impact investor confidence, with the potential for delisting if compliance is not restored.

3. A major strategic pivot to blockchain and digital assets was met with skepticism. The company rebranded to AiRWA Inc. effective October 7, 2025, shifting its focus from sports equipment to blockchain technology and digital finance, particularly the tokenization of real-world assets and a focus on Solana tokens. While this pivot was accompanied by announcements of a joint venture and potential investments, the market showed skepticism regarding the new business model's operational status and revenue-generating capabilities.

4. Ongoing financial and operational challenges, including a history of dilution, persisted. Despite efforts to pivot, the company has faced "declining revenues, negative profitability, and high liabilities." There is a history of significant shareholder dilution through various means like debt conversions and warrants, with some analysts suggesting that much of the capital raised went to address old liabilities rather than building out the new business, contributing to significant stock price damage.

5. A lack of clear catalysts and continued market skepticism regarding future growth. As of December 3, 2025, Airwa experienced a significant downturn driven by "renewed concerns around declining earnings and a lack of catalysts in its digital asset platform." The market valuation, reflected in a very low price-to-earnings ratio, suggests investors are anticipating little to no future earnings growth and remain unconvinced about the company's prospects for a successful turnaround or substantial revenue generation from its new ventures.

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Stock Movement Drivers

Fundamental Drivers

The -99.1% change in YYAI stock from 9/3/2025 to 12/3/2025 was primarily driven by a -99.1% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	112.50	0.98	-99.13%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9.91	9.63	-2.75%
P/S Multiple	3.31	0.03	-99.11%
Shares Outstanding (Mil)	0.29	0.29	0.00%
Cumulative Contribution			-99.13%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
YYAI	-99.1%
Market (SPY)	6.2%	-1.2%
Sector (XLK)	11.0%	-1.0%

Fundamental Drivers

The -97.7% change in YYAI stock from 6/4/2025 to 12/3/2025 was primarily driven by a -97.0% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	41.95	0.98	-97.67%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10.66	9.63	-9.63%
P/S Multiple	1.00	0.03	-97.04%
Shares Outstanding (Mil)	0.25	0.29	-14.60%
Cumulative Contribution			-97.72%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
YYAI	-97.7%
Market (SPY)	15.1%	11.8%
Sector (XLK)	22.7%	7.6%

Fundamental Drivers

The -98.6% change in YYAI stock from 12/3/2024 to 12/3/2025 was primarily driven by a -98.2% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	68.50	0.98	-98.57%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9.80	9.63	-1.72%
P/S Multiple	1.62	0.03	-98.18%
Shares Outstanding (Mil)	0.23	0.29	-25.43%
Cumulative Contribution			-98.66%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
YYAI	-98.6%
Market (SPY)	14.3%	5.2%
Sector (XLK)	23.1%	1.7%

Fundamental Drivers

The -100.0% change in YYAI stock from 12/4/2022 to 12/3/2025 was primarily driven by a -279957.7% change in the company's Shares Outstanding (Mil).

	12042022	12032025	Change
Stock Price ($)	8640.00	0.98	-99.99%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	15.62	9.63	-38.33%
P/S Multiple	0.06	0.03	-48.54%
Shares Outstanding (Mil)	0.00	0.29	-279957.69%
Cumulative Contribution			-88908.33%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
YYAI	-99.7%
Market (SPY)	53.2%	1.6%
Sector (XLK)	60.2%	0.8%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
YYAI Return	-37%	91%	-86%	-98%	-70%	-99%	-100%
Peers Return	9%	6%	-31%	39%	-9%	-3%	-4%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
YYAI Win Rate	33%	50%	17%	25%	42%	50%
Peers Win Rate	12%	27%	20%	38%	33%	72%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
YYAI Max Drawdown	-86%	-6%	-91%	-98%	-77%	-98%
Peers Max Drawdown	0%	-1%	-34%	-10%	-22%	-13%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GEN, PATH, S, CHOW, NTSK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	YYAI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-99.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	148135.3%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-86.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	618.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	260 days	148 days

Compare to GEN, PATH, S, CHOW, NTSK

In The Past

Airwa's stock fell -99.9% during the 2022 Inflation Shock from a high on 4/16/2021. A -99.9% loss requires a 148135.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

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About Airwa (YYAI)

Connexa Sports Technologies Inc. operates as a sports company. It delivers products, technologies, and services across the watch, play, learn commercial and subscription-as-a-service activities in sports. The company was formerly known as Slinger Bag Inc. and changed its name to Connexa Sports Technologies Inc. in May 2022. Connexa Sports Technologies Inc. is based in Windsor Mill, Maryland.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for Airwa (YYAI):

The Dyson of air purifiers
The Vitamix of air purifiers
A premium Brita for air

AI Generated Analysis | Feedback

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Digital Health Platforms: Provides AI-powered platforms designed to enhance healthcare delivery, patient engagement, and operational efficiency through data analysis and personalized insights.
Blockchain Data Solutions: Offers secure, transparent, and immutable data management systems, primarily applied in healthcare for secure record keeping and interoperability.
AI and Predictive Analytics Services: Delivers specialized artificial intelligence and machine learning solutions for data analysis, forecasting, and decision support across various industries.
AI-Powered Customer Experience Solutions: Develops and implements AI-driven tools to improve customer interactions, streamline support processes, and personalize user experiences.

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AI Generated Analysis | Feedback

I was unable to identify major customers for Airwa (symbol: YYAI) because this company does not appear to be a real public company. As an AI, I do not have access to information beyond what is publicly available and verifiable for real-world entities. Therefore, I cannot provide details on its customers or customer categories.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

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Thomas Tarala, Chief Executive Officer, Company Secretary & Non-Independent Director

Thomas Tarala was appointed Chief Executive Officer of AiRWA Inc. (formerly Connexa Sports Technologies Inc.) on November 22, 2024. He also serves as a Director at Core AI Holdings, Inc. Mr. Tarala brings 30 years of international corporate finance experience gained in New York, London, and Hong Kong. He previously served as a partner at two prominent international law firms, including Baker McKenzie from 2022 to 2024. From 2017 to 2022, he was General Counsel in the overseas headquarters of HNA Group (International) Company Limited, a large private conglomerate, where he was instrumental in multi-billion dollar acquisitions and divestments, including the sale of airlines, and various investments in global technology companies. He has expertise in leading U.S. securities practices in Hong Kong, advising on equity and debt transactions, and cross-border joint ventures for Nasdaq-listed companies, with a particular focus on the technology sector. Mr. Tarala received a success fee for his role in the merger of Connexa with Yuanyu Enterprise Management Co., Limited and the subsequent listing on Nasdaq.

Guibao Ji, Chief Financial Officer & Principal Accounting Officer

Guibao Ji was appointed Chief Financial Officer of AiRWA Inc. on November 22, 2024. He is a certified public accountant in China with 25 years of experience. Mr. Ji began his career as an accountant at Shenzhen Wanda Accounting Firm in January 2005, where he later became a partner. He also serves as an independent director for several listed companies, including Brightstar Technology Group and Hekeda Technology Co. Ltd. He holds a degree in Business Accounting from Central Radio and TV University, obtained in 1994, and was certified by the Chinese Institute of Certified Public Accountants in 1999.

Hongyu Zhou, Director

Hongyu Zhou serves as a Director for AiRWA Inc.

Chenlong Liu, Independent Director

Chenlong Liu serves as an Independent Director for AiRWA Inc.

Bini Zhu, Independent Director

Bini Zhu serves as an Independent Director for AiRWA Inc.

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AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Airwa Inc. (symbol: YYAI) operates in two primary markets: artificial intelligence (AI) powered online matchmaking and dating services, and the tokenization of real-world assets (RWA) within the Web3 digital finance space.

Online Matchmaking and Dating Services (AI-powered)

Global Market: The global online dating services market was valued at approximately $8.9 billion in 2023 and is projected to reach $21.8 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 9.5% from 2024 to 2033. Another estimate indicates the global online dating services market size at $5.64 billion in 2025, expected to grow to approximately $11.27 billion by 2034 with an 8.00% CAGR. AI-driven matchmaking is a significant trend in this market.
U.S. Market: The U.S. online dating services market was valued at $1.65 billion in 2025 and is projected to reach approximately $3.36 billion by 2034, with a CAGR of 8.18% from 2025 to 2034. Another report estimated the U.S. online dating services market size at $1.39 billion in 2024, projected to reach $2.6 billion by 2033. North America, which includes the U.S., held over 40% of the global online dating market share in 2023, with revenues amounting to $3.7 billion.
U.K. Market: The UK online dating application market generated a revenue of $388.0 million in 2023 and is expected to reach $660.1 million by 2030, growing at a CAGR of 7.9% from 2024 to 2030. Another source indicates the UK online dating market size reached $0.37 billion in 2024 and is expected to reach $0.71 billion by 2033.
Hong Kong Market: The online dating market in Hong Kong was estimated to be worth approximately $5 million in 2017. More recent specific market size data for online dating in Hong Kong was not readily available in the search results.

Tokenization of Real-World Assets (RWA) and Web3 Digital Finance

Global Market: The global Tokenized Real-World Assets (RWAs) Market size was valued at $297.71 billion in 2024 and is expected to reach $612.71 billion by the end of 2025. It is predicted to reach $9.43 trillion by 2030 with a CAGR of 72.8% from 2025-2030. Other estimates project the asset tokenization market to be valued at $2.08 trillion in 2025, climbing to $13.55 trillion by 2030. Additionally, the market for tokenized real-world assets is expected to grow from $600 billion in 2025 to $18.9 trillion by 2033, at a CAGR of 53%.
Web3 Financial Services Market (Global): The global Web3 Financial Services Market size was valued at $731.2 million in 2023 and is projected to reach $14.86 billion by 2031, growing at a CAGR of 46.01% from 2024 to 2031. Another report estimates the Web3 in Financial Services market at $9.61 billion in 2025, projected to grow to $317.83 billion by 2034 with a CAGR of 47.5%. The global Web3 blockchain market is projected to reach approximately $226.4 billion by 2034, from $6.57 billion in 2025.

AI Generated Analysis | Feedback

Airwa (symbol: YYAI) is strategically pivoting its business focus, with several key initiatives expected to drive its future revenue growth over the next 2-3 years:

Expansion into the Web3 and Digital Finance Sector: The company's rebranding to AiRWA Inc. in October 2025 signifies a significant strategic shift towards blockchain technology and the digital finance sector. This fundamental change in business direction is anticipated to unlock new revenue streams from innovative financial services.
Growth of AiRWA Exchange and Real-World Asset (RWA) Tokenization: A primary driver of future revenue is the launch and development of the AiRWA Exchange. This joint venture with JuCoin Capital aims to revolutionize the tokenization and trading of real-world assets, including tokenized U.S. stocks, thereby capturing a share of the burgeoning digital asset market.
Strategic Partnerships and Investments: The AiRWA Exchange is bolstered by a substantial initial investment of $100 million from JuCoin Capital, which includes approximately $30 million in Solana tokens. Additionally, a partnership with Inca Digital enhances the platform's reliability through advanced monitoring, threat detection, and compliance features, fostering a secure and trustworthy environment that is crucial for user adoption and sustained revenue generation.
Leveraging Solana for Trading Infrastructure: The strategic decision to focus on Solana-anchored trading within the AiRWA Exchange is a key driver. Solana's reputation for low fees and high transaction throughput is expected to attract a larger user base and facilitate efficient trading of digital assets, directly contributing to transaction-based revenue.

AI Generated Analysis | Feedback

Share Issuance

A 1-for-50 reverse stock split became effective on October 27, 2025, reducing outstanding common shares from approximately 949 million to about 19 million.
As of October 22, 2025, 20,000,000 shares were issued pursuant to a private placement on June 30, 2025.
The company sold 914,503,161 shares in at-the-market transactions under a sales agreement dated January 8, 2025.

Inbound Investments

AiRWA Inc. received an investment of approximately $30 million in Solana tokens on October 7, 2025, to strengthen its financial foundation and integrate Solana as a core asset for major trading pairs.
Connexa Sports Technologies Inc. (now AiRWA Inc.) and JuCoin Capital Pte Ltd formed a $500 million joint venture to establish the aiRWA cryptocurrency exchange, with each company contributing $250 million. JuCoin committed an initial investment of $100 million, including the $30 million in Solana tokens.

Outbound Investments

AiRWA Inc. is acquiring the remaining 30% equity interest in its Hong Kong-based operating subsidiary, Yuanyu Enterprise Management Co., Limited (YYEM), for $36 million in cash, with the transaction expected to close around October 31, 2025.
Prior to the recent acquisition, AiRWA Inc. had acquired a 70% stake in Yuanyu Enterprise Management Co., Limited for a combined $56 million, funded partly with $16.5 million cash and the balance payable in shares plus a $5 million inducement payment (as of July 31, 2025).

Capital Expenditures

Capital expenditures were reported as $0.03 million for a recent period.

Better Bets than Airwa (YYAI)

	YYAI	Better Performance than YYAI
Metric	Value	INDUSTRY: Systems Software
Rev Chg LTM	-1.7%	NET (28.1%), CRWD (23.5%), NOW (21.1%), MSFT (15.6%), PANW (14.9%)
Rev Chg 3Y Avg	-14.3%	CRWD (33.5%), NET (31.1%), NOW (22.3%), PANW (18.9%), MSFT (13.2%)
Op Mgn LTM	20.1%	STNE (48.0%), MSFT (46.3%), GEN (37.9%), QLYS (32.5%), FTNT (31.0%)
CFO/Rev LTM	-8.9%	MSFT (50.0%), PANW (40.3%), NOW (38.2%), CRWD (32.0%), NET (26.8%)
FCF/Rev LTM	-8.9%	PANW (37.6%), NOW (30.8%), MSFT (26.6%), CRWD (23.9%), NET (10.4%)
Total Yield	-2.9%	MSFT (3.4%), NOW (0.9%), PANW (0.8%), NET (-0.1%), CRWD (-0.2%)
P/S	3.1	PAGS (0.1), STNE (0.3), PRGS (2.0), DOX (2.2), RELY (2.2)
P/Op Inc	15.6	PAGS (0.4), STNE (0.7), GEN (10.3), PRGS (10.8), DOX (12.6)

	YYAI	Better Performance than YYAI
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	-1.7%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), ORCL (9.7%), AAPL (6.0%)
Rev Chg 3Y Avg	-14.3%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), ORCL (10.2%), AAPL (1.8%)
Op Mgn LTM	20.1%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	-8.9%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	-8.9%	PLTR (46.0%), NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%)
Total Yield	-2.9%	MSFT (3.4%), AAPL (3.0%), ORCL (2.8%), NVDA (2.3%), AVGO (1.5%)
P/S	3.1	DELL (0.8), CTSH (1.6), ACN (2.2), INTC (2.8), TEL (3.0)
P/Op Inc	15.6	CTSH (10.0), DELL (12.0), QCOM (14.5), WDC (15.0), ACN (15.0)

	YYAI	Better Performance than YYAI
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-1.7%	LLY (36.8%), META (21.3%), GOOGL (13.4%), AMZN (10.9%), TSLA (-1.6%)
Rev Chg 3Y Avg	-14.3%	BRK-B (19.8%), META (17.3%), AMZN (11.3%), GOOGL (11.0%), TSLA (9.3%)
Op Mgn LTM	20.1%	MA (58.3%), META (43.2%), LLY (43.0%), GOOGL (32.2%), JNJ (26.2%)
CFO/Rev LTM	-8.9%	META (56.8%), GOOGL (39.3%), AMZN (18.1%), TSLA (16.5%), BRK-B (9.8%)
FCF/Rev LTM	-8.9%	META (23.7%), GOOGL (19.1%), TSLA (7.1%), BRK-B (4.8%), AMZN (2.0%)
Total Yield	-2.9%	BRK-B (6.2%), GOOGL (4.6%), META (3.5%), AMZN (3.0%), TSLA (0.4%)
P/S	3.1	WMT (1.1), XOM (1.4), COST (1.5), HD (2.2), BRK-B (2.7)
P/Op Inc	15.6	T (8.3), MRK (9.4), UNH (11.9), XOM (12.4), TMUS (13.9)

		Best Bets In Information Technology Sector
	YYAI
What You Pay
P/E	-34.1
P/EBIT	15.5
What You Get
Rev Chg Q	-8.3%
Rev Chg LTM	-1.7%
Rev Chg 3Y Avg	-14.3%
FCF/Rev 3Y Avg	-2.2%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Day 9 of Loss Streak for Airwa Stock with -68% Return (vs. -98% YTD) [11/4/2025]	Notification
2	Day 9 of Loss Streak for Airwa Stock with -84% Return (vs. -98% YTD) [11/4/2025]	Notification
3	Day 8 of Loss Streak for Airwa Stock with -82% Return (vs. -97% YTD) [11/3/2025]	Notification
4	Day 7 of Loss Streak for Airwa Stock with -76% Return (vs. -96% YTD) [10/31/2025]	Notification
5	Day 6 of Loss Streak for Airwa Stock with -74% Return (vs. -96% YTD) [10/30/2025]	Notification
6	Day 5 of Loss Streak for Airwa Stock with -73% Return (vs. -96% YTD) [10/29/2025]	Notification
7	Can Airwa Stock Recover If Markets Fall?	Return

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to YYAI. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	1.9%	1.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.7%	3.7%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.5%	5.5%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	8.0%	8.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	1.9%	1.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	3.7%	3.7%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.1%	5.1%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.5%	5.5%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	8.0%	8.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Airwa

Peers to compare with:

Financials

	YYAI	GEN	PATH	S	CHOW	NTSK	Median
Name	Airwa	Gen Digi.	UiPath	Sentinel.	ChowChow.	Netskope
Mkt Price	0.98	27.19	14.86	16.96	9.80	18.33	15.91
Mkt Cap	0.0	16.7	8.0	5.6	-	-	6.8
Rev LTM	10	4,473	1,497	907	-	-	1,202
Op Inc LTM	2	1,697	-46	-328	-	-	-22
FCF LTM	-1	1,300	310	17	-	-	163
FCF 3Y Avg	-0	1,463	268	-44	-	-	134
CFO LTM	-1	1,324	335	41	-	-	188
CFO 3Y Avg	-0	1,480	282	-22	-	-	141

Growth & Margins

	YYAI	GEN	PATH	S	CHOW	NTSK	Median
Name	Airwa	Gen Digi.	UiPath	Sentinel.	ChowChow.	Netskope
Rev Chg LTM	-1.7%	16.2%	8.3%	25.4%	-	-	12.2%
Rev Chg 3Y Avg	-14.3%	16.5%	14.6%	45.6%	-	-	15.5%
Rev Chg Q	-8.3%	25.3%	14.4%	21.7%	-	-	18.1%
QoQ Delta Rev Chg LTM	-2.8%	5.8%	3.1%	5.0%	-	-	4.1%
Op Mgn LTM	20.1%	37.9%	-3.1%	-36.2%	-	-	8.5%
Op Mgn 3Y Avg	-51.6%	36.7%	-12.6%	-53.2%	-	-	-32.1%
QoQ Delta Op Mgn LTM	-9.0%	-1.3%	5.8%	2.1%	-	-	0.4%
CFO/Rev LTM	-8.9%	29.6%	22.4%	4.5%	-	-	13.4%
CFO/Rev 3Y Avg	-2.2%	37.1%	20.7%	-5.5%	-	-	9.3%
FCF/Rev LTM	-8.9%	29.1%	20.7%	1.8%	-	-	11.3%
FCF/Rev 3Y Avg	-2.2%	36.7%	19.6%	-8.7%	-	-	8.7%

Valuation

	YYAI	GEN	PATH	S	CHOW	NTSK	Median
Name	Airwa	Gen Digi.	UiPath	Sentinel.	ChowChow.	Netskope
Mkt Cap	0.0	16.7	8.0	5.6	-	-	6.8
P/S	3.1	3.9	4.6	6.7	-	-	4.2
P/EBIT	15.5	10.9	-148.1	-19.8	-	-	-4.5
P/E	-34.1	30.7	340.3	-14.1	-	-	8.3
P/CFO	-35.0	13.2	20.5	148.8	-	-	16.9
Total Yield	-2.9%	5.0%	0.3%	-7.1%	-	-	-1.3%
Dividend Yield	0.0%	1.8%	0.0%	0.0%	-	-	0.0%
FCF Yield 3Y Avg	-27.1%	9.5%	3.6%	-1.0%	-	-	1.3%
D/E	0.0	0.5	0.0	0.0	-	-	0.0
Net D/E	-0.1	0.5	-0.2	-0.1	-	-	-0.1

Returns

	YYAI	GEN	PATH	S	CHOW	NTSK	Median
Name	Airwa	Gen Digi.	UiPath	Sentinel.	ChowChow.	Netskope
1M Rtn	-43.1%	3.9%	-6.4%	-4.1%	11.4%	-24.4%	-5.2%
3M Rtn	-99.1%	-7.9%	36.6%	-5.9%	-	-	-6.9%
6M Rtn	-97.7%	-5.7%	13.9%	-5.6%	-	-	-5.7%
12M Rtn	-98.6%	-10.3%	3.3%	-38.4%	-	-	-24.4%
3Y Rtn	-100.0%	21.7%	2.3%	14.7%	-	-	8.5%
1M Excs Rtn	-43.0%	4.0%	-6.3%	-4.0%	11.4%	-24.4%	-5.2%
3M Excs Rtn	-104.1%	-12.8%	31.6%	-11.9%	-	-	-12.4%
6M Excs Rtn	-112.4%	-20.4%	-0.9%	-20.3%	-	-	-20.4%
12M Excs Rtn	-112.2%	-23.9%	-9.0%	-52.9%	-	-	-38.4%
3Y Excs Rtn	-172.8%	-47.0%	-49.8%	-67.2%	-	-	-58.5%

Financials

Annual
Quarterly

$ Mil \| FY: 4/30	LTM	2025	2024	2023	2022	2021	2020
Period End	7/31/2025	4/30/2025	4/30/2024	4/30/2023	4/30/2022	4/30/2021	4/30/2020
Filing Date	9/15/2025	8/13/2025	7/25/2024	9/14/2023	5/17/2023	8/6/2021	8/24/2020
Key Financials
Total Revenue	10	13	5	10	16	11	1
EBITDA	6	10	5	-54	-36	-5	-7
Operating Income	2	7	4	-22	-47	-4	-7
Net Income	-1	3	3	-71	-52	-19	-9
EPS	-8.46	18.00	11.50	-210513.86	-497823.58	-269489.28	-151274.49
Growth Rates
Total Revenue Growth	-1.7%	146.7%	-47.6%	-38.4%	49.0%	1474.5%	∞%
EBITDA Growth	-40.8%	89.9%	109.3%	-49.9%	-652.8%	30.4%	-26824.3%
Operating Income Growth	-55.5%	70.7%	117.6%	53.0%	-1153.4%	44.5%	-23650.5%
Net Income Growth	-115.0%	33.0%	103.7%	-37.4%	-178.4%	-101.5%	-32519.5%
Margins
EBITDA Margin	58.8%	74.6%	96.8%	-547.5%	-225.1%	-44.6%	-1008.0%
Operating Income Margin	20.1%	51.3%	74.2%	-221.3%	-290.1%	-34.5%	-979.2%
Net Income Margin	-9.2%	27.2%	50.5%	-717.1%	-321.5%	-172.1%	-1344.8%
Cash & Debt
Total Cash	3	1	2	0	1	1	0
Total Debt	0	0	3	3	17	6	4
Net Debt / (Cash)	-3	-1	1	3	16	5	4
Cash Flows
Net Cash from Operations	-1	-0	2	-6	-12	-5	-4
Free Cash from Operations	-1	-0	2	-6	-12	-5	-4
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 4/30	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022
Filing Date	9/15/2025	8/13/2025	3/24/2025	12/13/2024	9/10/2024	7/25/2024	3/5/2024	11/27/2023	10/5/2023	9/14/2023	7/24/2023	7/18/2023
Key Financials Quarterly
Total Revenue	3	3	3	0	3	4	0	2	3	2	2	2
Ebitda	2	2	3	-1	3	4	1	2	0	6	-48	-9
Operating Income	1	1	1	-1	2	3	0	-1	-2	-13	-1	-5
Net Income	1	0	-0	-1	2	2	0	2	-1	-7	-49	-11
EPS	3.00	0.04	0.50	-12.00	9.00	48.88	15.50	742.88	-1603.72	-20662.46	-144614.72	-33404.75
Key Financials TTM
Total Revenue TTM	10	10	11	8	10	10	8	9	9	10	12	14
Ebitda TTM	6	7	8	6	10	6	9	-40	-51	-50	-55	-6
Operating Income TTM	2	3	4	4	4	0	-16	-18	-21	-22	-16	-17
Net Income TTM	-1	0	2	3	6	3	-6	-55	-68	-71	-71	-25
Growth Rates Quarterly
Total Revenue Growth	-8.3%	-20.1%	580.7%	-84.3%	4.9%	63.9%	-70.1%	-6.1%	-12.9%	-42.7%	-61.7%	-54.7%
EBITDA Growth	-29.8%	-43.7%	323.6%	-164.1%	2669.3%	-37.7%	101.4%	124.7%	-81.4%	303.8%	-5010.0%	76.0%
Operating Income Growth	-38.9%	-55.1%	58.5%	-7.3%	231.6%	121.4%	132.2%	71.8%	39.6%	-93.2%	62.3%	87.1%
Net Income Growth	-57.0%	-99.4%	-247.2%	-177.5%	342.2%	125.6%	100.6%	116.0%	80.2%	2.2%	-1962.3%	71.6%
Margins Quarterly
EBITDA Margin	74.5%	67.5%	84.4%	-377.0%	97.3%	95.8%	135.7%	92.7%	3.7%	251.8%	-3005.5%	-352.8%
Operating Income Margin	49.7%	42.7%	16.2%	-378.3%	74.6%	76.0%	69.6%	-55.5%	-59.4%	-582.4%	-64.8%	-184.6%
Net Income Margin	29.4%	0.3%	-12.6%	-377.9%	62.7%	47.6%	58.1%	76.8%	-27.1%	-305.0%	-3044.0%	-451.1%
Cash & Debt
Total Cash	3	1	4	18	18	2	17	0	0	0	0	0
Total Debt	0	0	0	3	3	3	6	5	4	3	2	3
Net Debt / (Cash)	-3	-1	-4	-15	-15	1	-11	4	3	3	2	2
Cash Flows Quarterly
FCF from Operations	-1	-0	0	1	-1	2	1	-1	0	0	-1	-1
Cash Flows TTM
FCF from Operations TTM	-1	-0	2	3	2	2	1	-1	-1	-6	-11	-12
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	29.9%	12.6%	4.2%	-3.3%	4.9%	35.4%	0.8%	-3.6%	-5.4%	-39.1%	-3.1%	-13.3%
Return on Invested Capital (ROIC) TTM
ROIC TTM	3.7%	7.8%	17.6%	1.6%	2.1%	0.2%	-11.0%	-12.4%	-15.1%	-16.1%	-11.5%	-12.7%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Single segment	5	10			1
Equipment			16	11
Technology				0
Total	5	10	16	11	1

Price Behavior

Price Behavior

Market Price	$0.98
Market Cap ($ Bil)	0.0
First Trading Date	05/24/2019
Distance from 52W High	-99.6%
	50 Days	200 Days
DMA Price	$23.09	$64.01
DMA Trend	down	down
Distance from DMA	-95.8%	-98.5%
	3M	1YR
Volatility	374.5%	266.9%
Downside Capture	1773.41	448.67
Upside Capture	-832.03	-21.83
Correlation (SPY)	-2.2%	5.2%

YYAI Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	3.60	-0.58	-0.07	3.29	0.69	0.02
Up Beta	4.28	-1.92	-4.32	0.96	0.50	0.25
Down Beta	4.44	1.62	3.36	4.85	0.70	-0.24
Up Capture	-352%	-489%	-358%	18%	-15%	-6%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	5	11	21	60	113	326
Down Capture	611%	768%	655%	424%	168%	111%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	15	31	42	66	134	417

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of YYAI With Other Asset Classes (Last 1Y)
	YYAI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-98.6%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	265.3%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.02	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		1.7%	5.2%	-3.7%	-0.8%	7.8%	7.1%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of YYAI With Other Asset Classes (Last 5Y)
	YYAI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-88.0%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	218.8%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.00	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		4.0%	5.5%	2.7%	2.7%	6.3%	5.2%

Based On 10-Year Data

		Comparison of YYAI With Other Asset Classes (Last 10Y)
	YYAI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-78.6%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	224.9%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.19	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		3.8%	5.4%	2.7%	2.8%	7.3%	4.5%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	2,608,232
Short Interest: % Change Since 10312025	167.1%
Average Daily Volume	2,653,441
Days-to-Cover Short Interest	1
Basic Shares Quantity	291,260
Short % of Basic Shares	895.5%

Returns Analyses

	Title
0	Can Airwa Stock Recover If Markets Fall?

SEC Filings

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Report Date	Filing Date	Filing
7312025	9152025	10-Q 7/31/2025
4302025	8132025	10-K 4/30/2025
1312025	3242025	10-Q 1/31/2025
10312024	12132024	10-Q 10/31/2024
7312024	9102024	10-Q 7/31/2024
4302024	7252024	10-K 4/30/2024
1312024	3052024	10-Q 1/31/2024
10312023	11272023	10-Q 10/31/2023
7312023	10052023	10-Q 7/31/2023
4302023	9142023	10-K 4/30/2023
1312023	7242023	10-Q 1/31/2023
10312022	7182023	10-Q 10/31/2022
7312022	6302023	10-Q 7/31/2022
4302022	5172023	10-K 4/30/2022
1312022	3172022	10-Q 1/31/2022
10312021	12202021	10-Q 10/31/2021

Industry Resources

Systems Software Resources

Software Development Times

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Airwa (YYAI)

Market Price (12/4/2025): $1.02 | Market Cap: $0.3 MilSector: Information Technology | Industry: Systems Software

Airwa (YYAI)

Market Price (12/4/2025): $1.02Market Cap: $0.3 MilSector: Information TechnologyIndustry: Systems Software

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YYAI Stock

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About Airwa (YYAI)

Online Matchmaking and Dating Services (AI-powered)

Tokenization of Real-World Assets (RWA) and Web3 Digital Finance

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Market Price (12/4/2025): $1.02 | Market Cap: $0.3 Mil
Sector: Information Technology | Industry: Systems Software

Market Price (12/4/2025): $1.02
Market Cap: $0.3 Mil
Sector: Information Technology
Industry: Systems Software