---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-000780"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2024-02-16T23:59:59+00:00"
generated_at: "2026-06-06T00:20:01.948351+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).
- Tytan Tiles Disney Frozen Kit reached #1 New Release in Preschool Building Sets on Amazon.
- Cash $1.8M; stockholders' equity $25.5M; shares outstanding 20.9M as of Feb 14.

## SEC filing metadata
- accession: 0001477932-24-000780
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2024-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793224000780/0001477932-24-000780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793224000780/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-000780
- JSON: https://secwatch.observer/filing/0001477932-24-000780.json
- Plain text: https://secwatch.observer/filing/0001477932-24-000780.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793224000780/0001477932-24-000780-index.htm

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