Upexi Q2 FY2024 revenue $21.8M, GAAP net loss $2.4M, gross margin 38%

UPEXI, INC.

2024-Q2 EPS reported -$0.18 revenue$49,175,469

Revenue $21.8M, down 18% YoY from $26.7M; down sequentially from $27.3M in Q1.
GAAP net loss $2.4M vs net income $2.7M in Q2 FY2023; adjusted EBITDA $29K vs $557K prior year.
Gross margin 38% flat YoY, up from 31.8% sequentially; branded product revenue $7.7M (+16.7% sequential).
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Cash $1.8M; stockholders' equity $25.5M; shares outstanding 20.9M as of Feb 14.

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 fiscal second quarter 2024 ended December 31, 2023 results: revenue $21.8 million, net income $2.4 million.

Period: fiscal second quarter 2024 ended December 31, 2023
Revenue: $21.8 million
Net income: $2.4 million
Result: reported results

Exact text from the filing

Products and Re-commerce segments, capitalizing on new growth opportunities and delivering sustainable value.” Fiscal Second Quarter 2024 Financial Highlights · Revenue was $21.8 million, compared to $26.7 million in fiscal Q2 2023 and $27.3 million in fiscal Q1 2024. · Branded Product revenue was $7.7 million, an increase of 16.7% as compared to $6.6 million in

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Source: SEC EDGAR

accession 0001477932-24-000780

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