Enables Upexi to build a community and foster relationships with Webull’s 24 million registered users Connect with the Company on Webull here TAMPA, Fla., June 09, 2025 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced joining the Webull Corporate Connect Service (CCS) platform to increase engagement and transparency with investors. Upexi’s por ...

TAMPA, Fla., June 05, 2025 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced that options on its common stock are approved for trading on the Nasdaq Options Market. The options will trade under the ticker symbol “UPXI” and include a range of standard expiration dates and strike prices. The listing of options on UPXI shares provides investors wi ...

Core Viewpoint - Upexi, Inc. will present at the iAccess Alpha Virtual Best Ideas Summer Investment Conference on June 24-25, 2025, highlighting its focus on consumer products and cryptocurrency diversification [1][2]. Group 1: Company Overview - Upexi, Inc. specializes in the development, manufacturing, and distribution of consumer products [3]. - The company has diversified into the cryptocurrency industry, managing assets through a Cryptocurrency Portfolio [3]. Group 2: Conference Details - The iAccess Alpha Virtual Conference will take place on June 24-25, 2025, with Upexi's presentation scheduled for June 24 at 12:30 p.m. ET [2]. - A webcast of the presentation will be available at Upexi's investor relations website [2].

Collaboration to strengthen Upexi’s engagement with both institutional and crypto-native audiencesTAMPA, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced that it has selected GMI Digital as its crypto-native marketing and design service provider. As Upexi advances its Solana-first strategy—offering investors scalable, transp ...

Core Insights - Upexi, Inc. has purchased 77,879 locked SOL at a price of $151.50 each, totaling $11.8 million, which has resulted in a built-in gain of $2.1 million or 17.7% based on the current price of $178.26 [1][2][3] - The company now holds a total of 679,677 SOL, acquired for $96.5 million, with a current valuation of $121.2 million, reflecting a gain of $24.5 million from both appreciation and discounts [2][3] - CEO Allan Marshall emphasized the strategic nature of this purchase, highlighting its potential to provide investors access to discounted locked Solana and effectively double the staking yield [3] Company Overview - Upexi, Inc. specializes in the development, manufacturing, and distribution of consumer products and has diversified into the cryptocurrency sector through a cryptocurrency portfolio [4] - The company is focused on acquiring and holding SOL to benefit its shareholders [3][4]

Financial Results - Upexi, Inc. reported financial results for the quarter ended March 31, 2025, highlighting significant operational achievements[4]. - A press release detailing the financial and operational results was issued on May 16, 2025[4]. - The financial statements and exhibits related to the earnings report are included in the filing[6]. Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[3]. Report Signing - The Chief Financial Officer, Andrew J. Norstrud, signed the report on behalf of Upexi, Inc.[9].

Revenue Performance - Revenue for the three months ended March 31, 2025, decreased by $2,062,762 or 39% to $3,160,480 compared to $5,223,242 in the same period last year, primarily due to a strategic shift away from the recommerce business[164] - For the nine months ended March 31, 2025, revenue declined by $9,438,325 or 45% to $11,522,487, with approximately $8,277,000 of the decline related to the strategic shift away from recommerce[173] Cost and Profitability - Cost of revenue decreased by $2,354,185 or 60%, leading to a gross profit increase of approximately $290,000 and a gross profit margin increase to 49% from 24% year-over-year[165] - The net loss for the three months ended March 31, 2025, was $3,831,660, a decrease from a loss of $4,118,612 in the same period last year[172] Expenses - General and administrative expenses increased by $828,028 or 46%, attributed to legal and auditing costs, with expectations for normalization post-restructuring[168] Cash Flow and Working Capital - Cash flows used in operating activities for continuing operations were $(4,137,346) for the nine months ended March 31, 2025, compared to $(3,700,706) in the prior year[184] - The company had current assets of $3,968,157 and current liabilities of $10,796,201 as of March 31, 2025, resulting in a working capital deficit of $(6,828,044)[183] - Management expects sufficient working capital to fund operations and meet debt obligations over the next twelve months following the issuance of the financial statements[189] Investment Activities - Net cash provided by investing activities for the nine months ended March 31, 2025, was $5,757,517, primarily from the sale of a building and collection of the purchase price for E-core[186] - On April 24, 2025, the company closed a private placement offering, selling 35,970,383 shares at $2.28 per share, raising approximately $92,586,000 net[188]

Revenue Performance - Revenue for the three months ended December 31, 2024, decreased by $3,457,388 or 46% to $4,005,492 compared to $7,462,880 in the same period last year[141]. - Revenue for the six months ended December 31, 2024, declined by $7,375,563 or 47% to $8,362,007 compared to $15,737,570 in the same period last year[153]. Cost Management - Cost of revenue decreased by $1,864,452 or 64%, leading to a gross profit margin increase to approximately 74% from 61% in the same period last year[144]. - Cost of revenue for the six months decreased by $3,283,206 or 57%, with a gross profit margin increase to 71% from 64% in the same period last year[154]. - Sales and marketing expenses decreased by $536,311 or 36% due to a reduction in unnecessary agency expenses[145]. - Distribution costs decreased by $1,223,790 or 49%, primarily related to the decline in recommerce revenue[146]. - General and administrative expenses decreased by $35,749 or 2%, with expectations for continued declines in future periods[147][148]. Financial Position - The company had cash of $406,347 as of December 31, 2024, a decrease of $255,068 from June 30, 2024, primarily due to operating losses and increases in accounts receivable and inventory[161]. - Management expects to finance operating costs over the next twelve months through existing cash, cash flow from operations, and potential short-term debt financing if necessary[167]. - The company has no off-balance sheet arrangements that materially affect its financial condition or results of operations[169]. Strategic Outlook - Management has determined that additional capital will be required in the near term to support its strategic plan[170]. - The financial statements have been prepared assuming the company will continue as a going concern, indicating confidence in asset realization and liability satisfaction[170]. Loss Performance - The net loss for the three months ended December 31, 2024, was $1,301,310, a decrease from a loss of $2,438,919 in the same period last year[151].

Financial Results - The company announced its financial results for the year ended June 30, 2024, and the first quarter ending September 30, 2024[8]. - The company has filed its Annual Report on Form 10-K for the year ended June 30, 2023, and Quarterly Reports on Form 10-Q for the periods ended September 30, 2023, December 31, 2023, and March 31, 2024[4]. Compliance and Regulations - The company regained compliance with Nasdaq Listing Rule 5250(c)(1) as of December 20, 2024[8]. - The company is classified as an emerging growth company under the Securities Act of 1933[15]. - The report does not include any written communications or soliciting materials under the Exchange Act[9]. - The company has not indicated any changes in its financial accounting standards compliance transition period[16]. Forward-Looking Statements - The financial statements and exhibits are subject to forward-looking statements, which include risks and uncertainties that could materially affect future results[4]. Executive Information - The company’s Chief Financial Officer, Andrew J. Norstrud, signed the report on December 23, 2024[20]. - The company’s principal executive offices are located at 3030 N. Rocky Point Drive, Suite 420, Tampa, FL 33607[21]. - The report includes a press release dated December 23, 2024, which is attached as Exhibit 99.1[17].

Revenue Performance - Revenue for the three months ended September 30, 2024, decreased by $3,918,175 or 47% to $4,356,515 compared to $8,274,690 in the same period last year[160]. Cost Management - Cost of revenue decreased by $1,418,754 or 50% compared to the same period last year, with gross margin remaining stable with less than a 2% change[161]. - Sales and marketing expenses decreased by $775,277 or 43% compared to the same period last year, primarily due to the reduction of unnecessary agency expenses[162]. - Distribution costs decreased by $676,167 or 32% compared to the same period last year, attributed to the decline in recommerce revenue[163]. - General and administrative expenses decreased by $210,660 or 13% compared to the same period last year, with expectations for continued declines post-December 31, 2024[165]. - Other operating expenses decreased by $957,965 or 71% compared to the same period last year, mainly due to changes in amortization of acquired intangible assets[166]. Financial Loss - The company reported a net loss of $1,625,577 for the three months ended September 30, 2024, compared to a loss of $1,333,388 for the same period in 2023[168]. Asset and Liability Overview - As of September 30, 2024, current assets were $6,790,280, down from $11,419,918 as of June 30, 2024, while current liabilities decreased to $9,771,401 from $12,655,152[169]. Cash Flow and Working Capital - Net cash provided by investing activities for the three months ended September 30, 2024, was $5,838,106, significantly higher than $145,324 in the same period last year[174]. - The company estimates sufficient working capital to fund operations over the next twelve months and meet all debt obligations[176].