Upexi posts record Q2 revenue of $27.1M, up 444% YoY; positive adjusted EBITDA

UPEXI, INC.

2023-Q2 EPS reported $0.01 revenue$38,643,683

Revenue $27.1M ($4.9M YoY) driven by acquisitions and year-end sales across brands.
Adjusted EBITDA $119,054 (vs. -$1.3M YoY); net income from continued ops $2.7M (includes $7.6M gain on asset sale).
Gross profit $10.3M (38% margin); cash $4.5M; shareholder equity $36.9M.
Tytan Tiles launched in Walmart; eliminated $15M senior secured debt; closed E-Core acquisition; sold CBD assets for $23.5M.
Calendar 2023 revenue goal $100M; expects EBITDA margins trending to 8%-12% by year-end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UPEXI, INC. reported the fiscal 2023 second quarter ending December 31, 2022 results: revenue $27.1 million. Guidance raised.

Period: the fiscal 2023 second quarter ending December 31, 2022
Revenue: $27.1 million
Guidance: raised
Result: reported results

Exact text from the filing

Upexi Reports Record Revenue of $27.1 Million for Fiscal 2023 Second Quarter, an Increase of 444% Year-Over-Year

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UPEXI, INC. filing history →

Source: SEC EDGAR

accession 0001477932-23-001048

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