secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001477932-24-000780
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793224000780/0001477932-24-000780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793224000780/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000780

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer