Connexa’s Collaboration with AdVenture Media Yields Record-Showing Return on Digital Advertising Expenditure

Today, Connexa Sports Technologies Inc. (Nasdaq:CNXA) reported that its long-term collaboration with the AdVenture Media Group is still producing previously unheard-of outcomes for digital advertising. Slinger Bag, Connexa’s operational company, produced about $2 million in sales with an average ROAS of 18.9X in the three months leading up to the end of November 2023, as determined by its Return on Advertising Spend (ROAS). This included a whopping 35X return on assets over the week of Black Friday alone.