Upexi Q3 revenue $24.2M (+447% YoY); Adj. EBITDA turns positive $671K

UPEXI, INC.

2023-Q3 EPS reported -$0.11 revenue$62,863,128

Revenue of $24.2M for fiscal Q3 2023, up 447% from $4.4M year ago.
Gross profit $9.6M (+189% YoY); net loss attributable to shareholders $1.6M vs $0.05M loss prior year.
Adjusted EBITDA positive $671,339 vs a loss of $877,351 in prior-year quarter.
Cash $1.2M; subsequent $7M common-only financing announced; 18,094,748 shares outstanding as of May 15, 2023.
Operational highlights: Disney licensing deal for Tytan Tiles, Walmart expansion to 3,900 locations, and LOI to acquire wellness brand with $15M TTM revenue.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UPEXI, INC. reported fiscal 2023 third quarter ending March 31, 2023 results: revenue $24.2 million, net income $1.6 million.

Period: fiscal 2023 third quarter ending March 31, 2023
Revenue: $24.2 million
Net income: $1.6 million
Result: reported results

Exact text from the filing

Section 9 – Financial Statements and Exhibits --- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 upxi_ex991.htm PRESS RELEASE upxi_ex991.htm EXHIBIT 99.1 Upexi Reports Revenue of $24.2 Million for Fiscal 2023 Third Quarter, an Increase of 447% Year-Over-Year Clearwater, FL, May 15, 2023 (GLOBE NEWSWIRE) – Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a

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Source: SEC EDGAR

accession 0001477932-23-003703

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