Upexi Reports Fiscal Second Quarter 2024 Financial Results [Yahoo! Finance]
Upexi, Inc. (UPXI)
Company Research
Source: Yahoo! Finance
brand owner and innovator in aggregation, today reported its financial results for the fiscal second quarter 2024 ending December 31, 2023. "During the quarter we continued to focus on optimizing and streamlining our operations, investing in our higher margin Brand Products and generating positive Adjusted EBITDA. While revenue for the most recent fiscal second quarter decreased sequentially, the operating measures we took allowed us to increase gross profit margins to 38%, as compared to the prior fiscal first quarter of 31.8%. We also generated positive Adjusted EBITDA although revenue quarter-over-quarter was down. The revenue decrease sequentially was predominately related to the calculated decision to reduce risk of purchasing excess inventory in our re-commerce business. This business is carefully managed quarter-over-quarter based on opportunities that we determine are low risk and will yield us higher than normal margins for that business. We invested in our Brand Products,
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UPXI
News
- Upexi's Tytan Tile Kits, Disney Frozen and New Disney JR Mikey Mouse Set, will Soon be Available in BJ's Wholesale ClubAccesswire
- Upexi's Children Educational Toy Brand, Tytan Tiles, Disney Frozen Tile Kit will be Available in TJ Maxx Stores [Yahoo! Finance]Yahoo! Finance
- Upexi's Children Educational Toy Brand, Tytan Tiles, Disney Frozen Tile Kit will be Available in TJ Maxx StoresAccesswire
- Insiders Give Up US$241k As Upexi Stock Drops To US$0.81 [Yahoo! Finance]Yahoo! Finance
- Upexi, Inc. (NASDAQ: UPXI) had its "neutral" rating re-affirmed by analysts at Alliance Global Partners. They now have a $1.25 price target on the stock, down previously from $3.00.MarketBeat
UPXI
Sec Filings
- 5/1/24 - Form DEF
- 4/2/24 - Form 8-K
- 3/20/24 - Form 8-K
- UPXI's page on the SEC website