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Upexi Reports Fiscal Second Quarter 2024 Financial Results

Upexi Reports Fiscal Second Quarter 2024 Financial Results

Upexi公布2024年第二财季财务业绩
Accesswire ·  02/14 16:05

TAMPA, FL / ACCESSWIRE / February 14, 2024 / Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a multi-faceted Amazon and Direct to Consumer brand owner and innovator in aggregation, today reported its financial results for the fiscal second quarter 2024 ending December 31, 2023.

佛罗里达州坦帕市/ACCESSWIRE/2024年2月14日/Upexi, Inc.(纳斯达克股票代码:UPXI)(“公司” 或 “Upexi”)是一家多方面的亚马逊和直接面向消费者的品牌所有者和综合创新者,今天公布了截至2023年12月31日的2024财年第二季度的财务业绩。

"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, which increased revenue sequentially 16.7%." Allan Marshall, CEO of Upexi continued, "We see further improvement to margins in the near term as we finalize the consolidation of our manufacturing facilities, which is expected to yield approximately $2 million in general and administrative expense reductions annually beginning at the end of April of this year. We remain committed to further expanding and enhancing our Brand Products and Re-commerce segments, capitalizing on new growth opportunities and delivering sustainable value."

“在本季度中,我们继续专注于优化和简化运营,投资利润率更高的品牌产品,并创造正的调整后息税折旧摊销前利润。尽管最近第二财季的收入连续下降,但我们采取的运营措施使我们得以将毛利率提高到38%,而上一财年第一季度的毛利率为31.8%。尽管收入同比下降,但我们的调整后息税折旧摊销前利润也为正。收入连续下降主要与精心设计的决定有关,即降低在电子商务业务中购买多余库存的风险。该业务是根据我们认为风险较低的机会逐季度精心管理的,并且该业务的利润率将高于正常水平。我们投资了品牌产品,收入连续增长了16.7%。”Upexi首席执行官艾伦·马歇尔继续说:“随着我们完成制造设施的整合,我们预计短期内利润率将进一步提高。从今年4月底开始,预计每年将减少约200万美元的一般和管理费用。我们将继续致力于进一步扩大和增强我们的品牌产品和电子商务细分市场,利用新的增长机会并创造可持续的价值。”

Fiscal Second Quarter 2024 Financial Highlights

2024 财年第二季度财务摘要

  • 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 fiscal Q1 2024.
  • Branded Product revenue as a percentage of total revenue was 35.1% as compared to 24% in fiscal Q1 2024.
  • Cost of revenue was $13.6 million, compared to $16.7 million in fiscal Q2 2023 and $18.6 million in fiscal Q1 2024.
  • Gross Profit Margin was 38%, compared to 38% in fiscal Q2 2023 and 31.8% in fiscal Q1 2024.
  • GAAP Net loss attributable to Upexi, Inc. was $2.4 million, compared to net income of $2.7 million in fiscal Q2 2023 and net loss of $1.4 million in fiscal Q1 2024.
  • Adjusted EBITDA from continuing operations was $29,111 in fiscal Q2 2023, compared to $557,019 in fiscal Q2 2023 and $750,000 in fiscal Q1 2024.
  • Cash at December 31, 2023 was $1.8 million.
  • Total stockholders' equity at December 31, 2023 was $25.5 million.
  • 收入为2180万美元,而2023财年第二季度为2670万美元,2024财年第一季度为2730万美元。
  • 品牌产品收入为770万美元,与2024财年第一季度的660万美元相比增长了16.7%。
  • 品牌产品收入占总收入的百分比为35.1%,而2024财年第一季度为24%。
  • 收入成本为1,360万美元,而2023财年第二季度为1,670万美元,2024财年第一季度为1,860万美元。
  • 毛利率为38%,而2023财年第二季度为38%,2024财年第一季度为31.8%。
  • 归属于Upexi, Inc.的GAAP净亏损为240万美元,而2023年第二财季的净收入为270万美元,2024财年第一季度的净亏损为140万美元。
  • 2023年第二财季调整后的持续经营业务息税折旧摊销前利润为29,111美元,而2023财年第二季度为557,019美元,2024财年第一季度为75万美元。
  • 截至2023年12月31日,现金为180万美元。
  • 截至2023年12月31日,股东权益总额为2550万美元。

Fiscal Second Quarter 2024 and Subsequent Operational Highlights

2024 财年第二季度及随后的运营亮点

  • Tytan Tiles Toy Brand launched its first licensed Disney Frozen Product on Amazon through its partnership with The Walt Disney Company.
  • In one month during the quarter, since Tytan Tiles launched its Disney Frozen Kit on Amazon on October 17, 2023, it rose to #1 for Amazon's New Releases in Preschool Building Sets, #3 top seller in Magnetic Building Sets, and broke into the top 400 in all Toys and Games on Amazon.
  • Subscription revenue across Health and Wellness grew approximately 5% per month.
  • Closed quarter with over 5,000 subscribers across Health and Wellness, up approximately 80% for 2023.
  • Tytan Tiles玩具品牌通过与华特迪士尼公司的合作,在亚马逊推出了其首款获得许可的迪士尼冰雪奇缘产品。
  • 自Tytan Tiles于2023年10月17日在亚马逊推出迪士尼冰雪奇缘套装以来,在本季度的一个月内,亚马逊新发布的学龄前积木套装升至第 #1 位,磁性积木套装最畅销的 #3,并进入亚马逊所有玩具和游戏的前400名。
  • 健康与保健领域的订阅收入每月增长约5%。
  • 本季度末,健康与保健领域有超过5,000名订阅者,2023年增长了约80%。

Financial Highlights for the Fiscal Second Quarter 2024 Ended December 31, 2023

截至2023年12月31日的2024财年第二季度财务亮点

Revenue for the fiscal second quarter 2024 totaled $21.8 million as compared to $26.7 million for the same period the prior year and $27.3 million for the fiscal first quarter 2024. The decrease in revenue was primarily due to lower re-commerce revenue through both Amazon channels and wholesale. During the quarter, there were certain wholesale transactions not completed as a decision from management that resulted in higher inventory and lower sales. Brand Product sales during the quarter increased 16.7% sequentially to $7.7 million as compared to $6.6 million led by the health and beauty product categories. Management will continue to focus on the development and growth of the high gross margin Brand Product sales.

2024年第二财季的收入总额为2180万美元,而去年同期为2670万美元,2024年第一财季为2730万美元。收入下降的主要原因是亚马逊渠道和批发渠道的电子商务收入减少。在本季度,由于管理层的决定,某些批发交易未完成,导致库存增加和销售下降。该季度的品牌产品销售额连续增长16.7%,达到770万美元,而健康和美容产品类别的销售额为660万美元。管理层将继续专注于高毛利率品牌产品销售的发展和增长。

Cost of revenue for the fiscal second quarter 2024 totaled $13.6 million, a decrease as compared to $16.7 million for the same period the prior year and $18.6 million for the fiscal first quarter 2024. The cost of revenue decrease was primarily related to a decrease in re-commerce sales discussed above.

2024年第二财季的收入成本总额为1,360万美元,与去年同期的1,670万美元和2024财年第一季度的1,860万美元相比有所下降。收入成本下降主要与上文讨论的电子商务销售的减少有关。

Gross profit margin for the fiscal second quarter of 2024 and 2023 was approximately 38% during both periods. Gross profit margin during the quarter increased sequentially to 38% as compared to 31.8%.

2024年和2023财年第二季度的毛利率在这两个时期均约为38%。该季度的毛利率连续增长至38%,而该季度的毛利率为31.8%。

Sales and marketing expenses for the fiscal second quarter 2024 decreased 18% compared with the same period in the prior year. The decrease in sales and marketing expenses was primarily related to Management's efforts to refine sales strategies to focus on long-term recurring sales growth through subscription revenue and sales channel expansion. Management will continue to manage its sales and marketing budget strategically for direct-to-consumer sales channels as the Company capitalizes on an opportunity to take advantage of lower costs to estimated lifetime value of the customer. Management believes that this strategy will yield significant returns in the next 12 months. Management anticipates its advertising expenses will be reduced over time as a percentage of sales in the following quarters, which will increase overall profitability.

2024年第二财季的销售和营销费用与去年同期相比下降了18%。销售和营销费用的减少主要与管理层努力完善销售策略有关,通过订阅收入和销售渠道扩张将重点放在长期经常性销售增长上。管理层将继续战略性地管理其直接面向消费者的销售渠道的销售和营销预算,因为公司将抓住机会,利用较低的成本实现客户的估计生命周期价值。管理层认为,该策略将在未来12个月内产生可观的回报。管理层预计,随着时间的推移,其广告费用在接下来的几个季度中占销售额的百分比将减少,这将提高整体盈利能力。

General and administrative expenses for the fiscal second quarter 2024 totaled $2.3 million, a decrease of 9%, as compared to $2.5 million for the same period the prior year. Management has managed its general and administrative costs and will continue to implement strategies to decrease the percentage of general and administrative costs when compared to total sales.

2024年第二财季的一般和管理费用总额为230万美元,与去年同期的250万美元相比下降了9%。管理层已管理其一般和管理成本,并将继续实施战略,降低一般和管理成本占总销售额的百分比。

Adjusted EBITDA was approximately $29 thousand as compared to an Adjusted EBITDA of approximately $557 thousand for the same period the prior year and $750 thousand for the fiscal first quarter 2024.

调整后的息税折旧摊销前利润约为29,000美元,而去年同期的调整后息税折旧摊销前利润约为55.7万美元,2024财年第一季度的调整后息税折旧摊销前利润约为75万美元。

The Company had a net loss from continued operations for the fiscal second quarter 2024 of $2.4 million as compared to net income of $2.7 million for the same period the prior year and a net loss of $1.4 million in the fiscal first quarter 2024.

该公司在2024年第二财季的持续经营净亏损为240万美元,而去年同期的净收入为270万美元,2024年第一财季的净亏损为140万美元。

As of December 31, 2023, the Company had cash of $1.8 million and total stockholders' equity attributed to Upexi stockholders of approximately $25.5 million.

截至2023年12月31日,该公司的现金为180万美元,归属于Upexi股东的股东权益总额约为2550万美元。

As of February 14, 2024, there are 20,889,384 shares of common stock outstanding.

截至2024年2月14日,共有20,889,384股已发行普通股。

Financial Results Conference Call

财务业绩电话会议

Event: Fiscal Second Quarter 2024 Financial Results Conference Call
Date: Wednesday, February 14, 2024
Time: 4:30 p.m. Eastern Time
Live Call: 1-877-407-9716 (U.S. Toll-Free) or 1-201-493-6779 (International)
Webcast:
活动: 2024 财年第二季度财务业绩电话会议
日期: 2024 年 2 月 14 日,星期三
时间: 美国东部时间下午 4:30
实时通话: 1-877-407-9716(美国免费电话)或 1-201-493-6779(国际)
网络直播:

For those unable to join the conference call, a dial-in replay of the call will be available until February 28, 2024 and can be accessed by dialing + 1-844-512-2921 (U.S. Toll Free) or + 1-412-317-6671 (International) and entering replay pin number: 13744405. Additional details are available under the Investor Relations section of the Company's website:

对于那些无法参加电话会议的用户,电话会议的拨入重播将持续到2024年2月28日,可以通过拨打+ 1-844-512-2921(美国免费电话)或+ 1-412-317-6671(国际)并输入重播密码:13744405进行访问。更多详细信息可在公司网站的 “投资者关系” 部分找到:

About Upexi, Inc.:

关于 Upexi, Inc.:

Upexi is a multi-faceted brand owner with established brands in the health, wellness, pet, beauty and other growing markets. We operate in emerging industries with high growth trends and look to drive organic growth of our current brands. We focus on direct to consumer and Amazon brands that are scalable and have anticipated, high industry growth trends. Our goal is to continue to accumulate consumer data and build out a significant customer database across all industries we sell into. The growth of our current database has been key to the year over year gains in sales and profits. To drive additional growth, we have and will continue to acquire profitable Amazon and eCommerce businesses that can scale quickly and reduce costs through corporate synergies. We utilize our in-house, SaaS programmatic ad technology to help achieve a lower cost per acquisition and accumulate consumer data for increased cross-selling between our growing portfolio of brands.

Upexi 是一个多方面的品牌所有者,在健康、保健、宠物、美容和其他成长型市场拥有知名品牌。我们在具有高增长趋势的新兴行业开展业务,并希望推动我们当前品牌的有机增长。我们专注于直接面向消费者和亚马逊的品牌,这些品牌具有可扩展性并预见了行业的高增长趋势。我们的目标是继续积累消费者数据,并在我们销售的所有行业中建立一个重要的客户数据库。我们当前数据库的增长是销售额和利润同比增长的关键。为了推动进一步增长,我们已经并将继续收购盈利的亚马逊和电子商务业务,这些企业可以通过企业协同效应快速扩展并降低成本。我们利用内部的SaaS程序化广告技术来帮助降低每次收购的成本,并积累消费者数据,以增加我们不断增长的品牌组合之间的交叉销售。

FORWARD LOOKING STATEMENTS:

前瞻性陈述:

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

本新闻稿包含 “前瞻性陈述”,该术语的定义见1933年《美国证券法》第27A条和1934年《证券交易法》第21E条。本新闻稿中不纯粹的历史陈述是前瞻性陈述,包括任何关于未来的信念、计划、期望或意图的陈述。由于多种因素,实际结果可能与任何前瞻性陈述中的预测有所不同。除其他外,这些因素包括与业务战略、潜在收购、收入指导、产品开发、整合以及收购公司和人员的协同效应相关的固有不确定性。这些前瞻性陈述自本新闻稿发布之日起作出,我们没有义务更新前瞻性陈述,也没有义务更新实际结果可能与前瞻性陈述中预测的结果不同的原因。尽管我们认为本新闻稿中包含的信念、计划、期望和意图是合理的,但无法保证这些信念、计划、期望或意图会被证明是准确的。投资者应查阅此处列出的所有信息,还应参考我们在10-K表年度报告中概述的风险因素披露以及不时向美国证券交易委员会提交的其他定期报告。

Adjusted EBITDA
Three Months Ended
30-Sep-23 31-Dec-23
Net income (Net loss) GAAP
(1,356,388) (2,437,919)
Interest expense, net
874,185 1,077,084
Depreciation and amortization
1,472,905 1,485,648
Income Tax
(472,367) (694,807)
Stock Compensation
421,887 330,584
Gain on sale of asset
(380,624) 39,691
Change in derivative liability
- -
Lease Impairment
- 228,830
Loss from discontinued operations
193,040 -
Loss attributable to non-controlling interest
- -
$ 752,638 $ 29,111
Adjusted EBITDA
Three Months Ended
30-Sep-22 31-Dec-22
Net income (Net loss) GAAP
$ (2,597,515) $ 2,669,679
Interest expense, net
161,970 1,789,299
Depreciation and amortization
1,063,492 1,204,628
Income Tax
(708,201) 755,253
Stock Compensation
927,326 1,052,847
Gain on sale of asset
- (7,564,363)
Change in derivative liability
(1,770) 3,540
Loss from discontinued operations
644,615 731,717
Loss attributable to non-controlling interest
(148,005) (85,581)
$ (1,409,397) $ 557,019
调整后 EBITDA
三个月已结束
9 月 30 日-23 12 月 31 日至 23 日
净收益(净亏损)GAAP
(1,356,388) (2,437,919)
利息支出,净额
874,185 1,077,084
折旧和摊销
1,472,905 1,485,648
所得税
(472,367) (694,807)
股票补偿
421,887 330,584
出售资产的收益
(380,624) 39,691
衍生负债的变化
- -
租赁减值
- 228,830
已终止业务造成的亏损
193,040 -
归属于非控股权益的损失
- -
$ 752,638 $ 29,111
调整后 EBITDA
三个月已结束
22 年 9 月 30 日 12 月 31 日至 22 日
净收益(净亏损)GAAP
$ (2,597,515) $ 2,669,679
利息支出,净额
161,970 1,789,299
折旧和摊销
1,063,492 1,204,628
所得税
(708,201) 755,253
股票补偿
927,326 1,052,847
出售资产的收益
- (7,564,363)
衍生负债的变化
(1,770) 3,540
已终止业务造成的亏损
644,615 731,717
归属于非控股权益的损失
(148,005) (85,581)
$ (1,409,397) $ 557,019

Use of Non-GAAP Financial Measures

非公认会计准则财务指标的使用

The Company discloses and uses the above-mentioned non-GAAP financial measures internally as a supplement to GAAP financial information to evaluate its operating performance, for financial planning purposes, to establish operational goals, for compensation plans, to measure debt service capability, for capital expenditure planning and to determine working capital needs and believes that these are useful financial measures also used by investors. Non-GAAP adjusted EBITDA is defined as GAAP net income or net loss before interest, taxes, depreciation and amortization (EBITDA) adjusted for the non-cash stock compensation and stock option expense, acquisition, integration & restructuring expenses, charges and gains or losses from extinguishment of debt and other non-cash items. Non-GAAP EBITDA and non-GAAP adjusted EBITDA are not terms defined by GAAP and, as a result, the Company's measure of non-GAAP EBITDA and non-GAAP adjusted EBITDA might not be comparable to similarly titled measures used by other companies. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flow that either excludes or includes amounts that are not normally included in the most directly comparable measure calculated and presented in accordance with GAAP. The non-GAAP financial measures discussed above, however, should be considered in addition to, and not as a substitute for, or superior to net income or net loss as reported for GAAP on the Consolidated Statements of Operations, cash and cash flows on the Consolidated Statement of Cash Flows or other measures of financial performance prepared in accordance with GAAP, and as reflected on the Company's financial statements prepared in accordance with GAAP. These non-GAAP financial measures are not a substitute for or presented in lieu of financial measures provided by GAAP and all measures and disclosures of financial information pursuant to GAAP should be read to obtain a comprehensive and thorough understanding of the Company's financial results. The reconciliations of non-GAAP EBITDA and non-GAAP adjusted EBITDA to GAAP operating income (loss) and/or GAAP net income (net loss) referred to in the highlights or elsewhere are provided in the schedules that are a part of this document.

公司内部披露并使用上述非公认会计准则财务指标作为GAAP财务信息的补充,以评估其经营业绩、财务规划、制定运营目标、薪酬计划、衡量还本付息能力、资本支出规划和确定营运资金需求,并认为这些都是投资者也使用的有用的财务指标。非公认会计准则调整后的息税折旧摊销前利润定义为公认会计准则净收益或扣除利息、税项、折旧和摊销前的净亏损(EBITDA),根据非现金股票薪酬和股票期权支出、收购、整合和重组费用、费用以及清偿债务和其他非现金项目产生的损益进行调整。非公认会计准则息税折旧摊销前利润和非公认会计准则调整后的息税折旧摊销前利润不是公认会计准则定义的术语,因此,公司对非公认会计准则息税折旧摊销前利润和非公认会计准则调整后的息税折旧摊销前利润的衡量标准可能无法与其他公司使用的类似标题的衡量标准相提并论。通常,非公认会计准则财务指标是对公司业绩、财务状况或现金流的数字衡量标准,它不包括或包括通常不包含在根据公认会计原则计算和列报的最直接可比指标中的金额。但是,上面讨论的非公认会计准则财务指标应被视为对合并运营报表中为GAAP报告的净收益或净亏损、合并现金流量表上的现金和现金流或其他根据公认会计原则编制并反映在公司根据公认会计原则编制的财务报表中反映的净收益或净亏损的补充,而不是替代或优于这些指标。这些非公认会计准则财务指标不能取代GAAP提供的财务指标,也不能代替GAAP提供的财务指标,应阅读根据GAAP进行的所有衡量标准和财务信息披露,以全面彻底地了解公司的财务业绩。本文件附表中提供了摘要或其他地方提及的非公认会计准则息税折旧摊销前利润和非公认会计准则调整后的息税折旧摊销前利润与GAAP营业收入(亏损)和/或GAAP净收益(净亏损)的对账情况。

Company Contact

公司联系人

Andrew Norstrud, Chief Financial Officer
Email: andrew.norstrud@upexi.com
Phone: (702) 332-5591

安德鲁·诺斯特鲁德,首席财务官
电子邮件:andrew.norstrud@upexi.com
电话:(702) 332-5591

Investor Relations Contact

投资者关系联系人

KCSA Strategic Communications
Valter Pinto
Email: Upexi@KCSA.com
Phone: (212) 896-1254

KCSA 战略传播
瓦尔特·平托
电子邮件:Upexi@KCSA.com
电话:(212) 896-1254

UPEXI, INC.
CONDENSED CONSOLDIATED BALANCE SHEETS (UNAUDITED)
December 31, June 30,
2023 2023
ASSETS
Current assets
Cash
$ 1,844,420 $ 4,492,291
Accounts receivable
5,377,244 7,163,564
Inventory
14,663,908 11,557,128
Due from Bloomios
- 845,443
Prepaid expenses and other receivables
697,559 1,307,299
Current assets of discontinued operations
- 89,989
Total current assets
22,583,131 25,455,714
Property and equipment, net
7,600,398 7,526,463
Intangible assets, net
11,298,110 13,571,960
Goodwill
11,808,571 10,251,281
Deferred tax asset
6,771,230 5,604,056
Other assets
441,844 96,728
Assets held for sale
- 936,054
Right-of-use asset
1,657,463 410,811
Total other assets
39,577,616 38,397,353
Total assets
$ 62,160,747 $ 63,853,067
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accounts payable
$ 3,017,764 $ 3,969,746
Accrued compensation
495,228 533,842
Deferred revenue
104,149 -
Accrued liabilities
2,658,347 3,365,562
Acquisition payable
300,000 -
Current portion of notes payable
4,206,474 1,302,021
Current portion of convertible notes payable
- 1,254,167
Current portion of acquisition note payable
8,483,028 5,656,620
Current portion of related party note payable
- 1,429,356
Line of Credit
4,167,377 882,845
Current portion of operating lease payable
823,702 419,443
Current liabilities of discontinued operations
- 792,408
Total current liabilities
24,256,069 19,606,010
Operating lease payable, net of current portion
1,162,687 163,359
Related party note payable
1,459,630 -
Convertible notes payable
2,150,000 895,833
Acquisition notes payable, net of current
3,199,683 7,605,085
Notes payable, net of current portion
4,470,017 7,746,157
Total long-term liabilities
12,442,017 16,410,434
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.001 par value, 100,000,000 shares authorized, and 500,000 and 500,000 shares issued and outstanding, respectively
500 500
Common stock, $0.001 par value, 100,000,000 shares authorized, and 20,397,779 and 16,713,345 shares issued and outstanding, respectively
20,307 20,216
Additional paid in capital
52,437,336 51,522,229
Accumulated deficit
(26,995,482) (23,201,175)
Total stockholders' equity attributable to Upexi, Inc.
25,462,661 28,341,770
Non-controlling interest in subsidiary
(505,147)
Total stockholders' equity
25,462,661 27,836,623
Total liabilities and stockholders' equity
$ 62,160,747 $ 63,853,067
UPEXI, INC.
简明合并资产负债表(未经审计)
十二月三十一日 6月30日
2023 2023
资产
流动资产
现金
$ 1,844,420 $ 4,492,291
应收账款
5,377,244 7,163,564
库存
14,663,908 11,557,128
来自 Bloomios
- 845,443
预付费用和其他应收账款
697,559 1,307,299
已终止业务的流动资产
- 89,989
流动资产总额
22,583,131 25,455,714
财产和设备,净额
7,600,398 7,526,463
无形资产,净额
11,298,110 13,571,960
善意
11,808,571 10,251,281
递延所得税资产
6,771,230 5,604,056
其他资产
441,844 96,728
持有待售资产
- 936,054
使用权资产
1,657,463 410,811
其他资产总额
39,577,616 38,397,353
总资产
$ 62,160,747 $ 63,853,067
负债和股东权益
流动负债
应付账款
$ 3,017,764 $ 3,969,746
应计补偿
495,228 533,842
递延收入
104,149 -
应计负债
2,658,347 3,365,562
应付收购款
300 -
应付票据的当前部分
4,206,474 1,302,021
应付可转换票据的当期部分
- 1,254,167
应付收购票据的当前部分
8,483,028 5,656,620
关联方应付票据的当期部分
- 1,429,356
信用额度
4,167,377 882,845
应付经营租赁的当期部分
823,702 419,443
已终止业务的流动负债
- 792,408
流动负债总额
24,256,069 19,606,010
应付经营租赁,扣除流动部分
1,162,687 163,359
关联方应付票据
1,459,630 -
可转换票据应付款
2,150,000 895,833
应付收购票据,扣除当期票据
3,199,683 7,605,085
应付票据,扣除流动部分
4,470,017 7,746,157
长期负债总额
12,442,017 16,410,434
承付款和意外开支
股东权益
优先股,面值0.001美元,已授权1亿股,已发行和流通的分别为50万股和50万股
500 500
普通股,面值0.001美元,授权的1亿股,以及已发行和流通的分别为20,397,779股和16,713,345股
20,307 20,216
额外实收资本
52,437,336 51,522,229
累计赤字
(26,995,482) (23,201,175)
归属于Upexi, Inc.的股东权益总额
25,462,661 28,341,770
子公司的非控股权益
(505,147)
股东权益总额
25,462,661 27,836,623
负债和股东权益总额
$ 62,160,747 $ 63,853,067
UPEXI, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Three Month's Ended December 31,
2023 2022
Revenue
Revenue
$ 21,827,827 $ 26,741,562
Cost of Revenue
13,556,574 16,655,117
Gross profit
8,271,253 10,086,445
Operating expenses
Sales and marketing
2,691,368 3,297,144
Distribution costs
3,247,554 3,575,545
General and administrative expenses
2,303,220 2,517,651
Share-based compensation
330,584 1,052,847
Amortization of acquired intangible assets
1,157,029 1,102,756
Depreciation
328,619 240,958
10,058,374 11,786,901
Loss from operations
(1,787,121) (1,700,456)
Other income (expense), net
Change in derivative liability
- (3,540)
Interest (expense) income, net
(1,077,084) (1,789,299)
Other income (expense), net
(1,077,084) (1,792,839)
Income (loss) on operations before income tax
(2,864,205) (3,493,295)
Gain on sale of Infusionz and select assets
- 7,564,363
Gain (loss) from the sale of Interactive Offers
(39,691) -
Lease settlement, California facility
61,138 -
Lease impairment, Delray Beach facility
(289,968) -
(Loss) income from discontinued operations
-
Income tax benefit (expense)
694,807 (755,253)
Net income (loss) from continuing operations
(2,437,919) 3,315,815
(Loss) income from discontinued operations
- (731,717)
Net loss attributable to non-controlling interest
- 85,581
Net income (loss) attributable to Upexi, Inc.
$ (2,437,919) $ 2,669,679
Basic income (loss) per share:
Income (loss) per share from continuing operations
$ (0.12) $ 0.15
(Loss) income per share from discontinued operations
$ - $ (0.04)
Total income (loss) per share
$ (0.12) $ 0.15
Diluted income (loss) per share:
Income (loss) per share from continuing operations
$ (0.12) $ 0.17
(Loss) income per share from discontinued operations
$ - $ -
Total income (loss) per share
$ (0.12) $ 0.17
Basic weighted average shares outstanding
20,306,871 17,540,427
Fully diluted weighted average shares outstanding
20,306,871 19,030,705
UPEXI, INC.
简明合并运营报表(未经审计)
截至12月31日的三个月
2023 2022
收入
收入
$ 21,827,827 $ 26,741,562
收入成本
13,556,574 16,655,117
毛利
8,271,253 10,086,445
运营费用
销售和营销
2,691,368 3,297,144
分销成本
3,247,554 3,575,545
一般和管理费用
2,303,220 2,517,651
基于股份的薪酬
330,584 1,052,847
收购的无形资产的摊销
1,157,029 1,102,756
折旧
328,619 240,958
10,058,374 11,786,901
运营损失
(1,787,121) (1,700,456)
其他收入(支出),净额
衍生负债的变化
- (3,540)
利息(支出)收入,净额
(1,077,084) (1,789,299)
其他收入(支出),净额
(1,077,084) (1,792,839)
所得税前的运营收入(亏损)
(2,864,205) (3,493,295)
出售 Infusionz 和精选资产的收益
- 7,564,363
出售互动优惠的收益(亏损)
(39,691) -
租赁结算,加州设施
61,138 -
租赁减值,德拉海滩设施
(289,968) -
来自已终止业务的(亏损)收入
-
所得税优惠(费用)
694,807 (755,253)
持续经营业务的净收益(亏损)
(2,437,919) 3,315,815
来自已终止业务的(亏损)收入
- (731,717)
归属于非控股权益的净亏损
- 85,581
归属于Upexi, Inc.的净收益(亏损)
$ (2,437,919) $ 2,669,679
每股基本收益(亏损):
持续经营业务每股收益(亏损)
$ (0.12) $ 0.15
来自已终止业务的每股收益(亏损)
$ - $ (0.04)
每股总收益(亏损)
$ (0.12) $ 0.15
摊薄后每股收益(亏损):
持续经营业务每股收益(亏损)
$ (0.12) $ 0.17
来自已终止业务的每股收益(亏损)
$ - $ -
每股总收益(亏损)
$ (0.12) $ 0.17
基本加权平均已发行股份
20,306,871 17,540,427
全面摊薄后的加权平均已发行股数
20,306,871 19,030,705

SOURCE: Upexi, Inc.

来源:Upexi, Inc.


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