secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001477932-22-008634
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793222008634/0001477932-22-008634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793222008634/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-008634

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer