---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-008634"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:44:23.780553+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upexi Q1 revenue surges 199% to $11.6M; net loss of $2.7M vs profit prior year

## Summary
- Revenue $11.6M (+199% YoY); gross profit $6M (+132% YoY); gross margin 52%.
- Net loss from continued ops $2.7M vs net income $512K in year-ago quarter.
- Acquired LuckyTail (pet brand) and E-Core/Tytan Products; sold select CBD assets for $23.5M.
- Eliminated $15M senior secured debt facility; expects ~$900K annual interest savings.
- CEO projects ~$100M in sales for calendar 2023; cash $3.3M and equity $27M.

## SEC filing metadata
- accession: 0001477932-22-008634
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008634/0001477932-22-008634-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008634/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-008634
- JSON: https://secwatch.observer/filing/0001477932-22-008634.json
- Plain text: https://secwatch.observer/filing/0001477932-22-008634.txt

## Key facts
- Earnings Releases
  UPEXI, INC. reported the fiscal 2023 first quarter ending September 30, 2022 results: revenue $11.6 million, net income $2.7 million.
  - Period: the fiscal 2023 first quarter ending September 30, 2022
  - Revenue: $11.6 million
  - Net income: $2.7 million
  - Result: reported results
  source text: today announced its financial results for the fiscal 2023 first quarter ending September 30, 2022. Fiscal 2023 First Quarter Financial Highlights: · Revenue totaled $11.6 million, an increase of 199% year-over-year. · Gross profit totaled $6 million, an increase of 132% year-over-year. · Gross profit margin was 52%. · Net loss from continued operations was $2.7 million compared to net income of approximately $512,000 for the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008634/0001477932-22-008634-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.