---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-003703"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:23:34.174007+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-23-003703
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1775194/000147793223003703/0001477932-23-003703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793223003703/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-003703
- JSON: https://secwatch.observer/filing/0001477932-23-003703.json
- Plain text: https://secwatch.observer/filing/0001477932-23-003703.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793223003703/0001477932-23-003703-index.htm

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