Upexi Reports Fiscal Second Quarter 2024 Financial Results
Upexi Reports Fiscal Second Quarter 2024 Financial Results
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.
佛羅里達州坦帕市/ACCESSWIRE/2024年2月14日/Upexi, Inc.(納斯達克股票代碼:UPXI)(“公司” 或 “Upexi”)是一家多方面的亞馬遜和直接面向消費者的品牌所有者和綜合創新者,今天公佈了截至2023年12月31日的2024財年第二季度的財務業績。
"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,我們繼續專注於優化和簡化運營,投資利潤率更高的品牌產品,並創造正的調整後息稅折舊攤銷前利潤。儘管最近第二財季的收入連續下降,但我們採取的運營措施使我們得以將毛利率提高到38%,而上一財年第一季度的毛利率爲31.8%。儘管收入同比下降,但我們的調整後息稅折舊攤銷前利潤也爲正。收入連續下降主要與精心設計的決定有關,即降低在電子商務業務中購買多餘庫存的風險。該業務是根據我們認爲風險較低的機會逐季度精心管理的,並且該業務的利潤率將高於正常水平。我們投資了品牌產品,收入連續增長了16.7%。”Upe****執行官艾倫·馬歇爾繼續說:“隨着我們完成製造設施的整合,我們預計短期內利潤率將進一步提高。從今年4月底開始,預計每年將減少約200萬美元的一般和管理費用。我們將繼續致力於進一步擴大和增強我們的品牌產品和電子商務細分市場,利用新的增長機會並創造可持續的價值。”
Fiscal Second Quarter 2024 Financial Highlights
2024 財年第二季度財務摘要
- 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.
- 收入爲2180萬美元,而2023財年第二季度爲2670萬美元,2024財年第一季度爲2730萬美元。
- 品牌產品收入爲770萬美元,與2024財年第一季度的660萬美元相比增長了16.7%。
- 品牌產品收入佔總收入的百分比爲35.1%,而2024財年第一季度爲24%。
- 收入成本爲1,360萬美元,而2023財年第二季度爲1,670萬美元,2024財年第一季度爲1,860萬美元。
- 毛利率爲38%,而2023財年第二季度爲38%,2024財年第一季度爲31.8%。
- 歸屬於Upexi, Inc.的GAAP淨虧損爲240萬美元,而2023年第二財季的淨收入爲270萬美元,2024財年第一季度的淨虧損爲140萬美元。
- 2023年第二財季調整後的持續經營業務息稅折舊攤銷前利潤爲29,111美元,而2023財年第二季度爲557,019美元,2024財年第一季度爲75萬美元。
- 截至2023年12月31日,現金爲180萬美元。
- 截至2023年12月31日,股東權益總額爲2550萬美元。
Fiscal Second Quarter 2024 and Subsequent Operational Highlights
2024 財年第二季度及隨後的運營亮點
- 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玩具品牌通過與華特迪士尼公司的合作,在亞馬遜推出了其首款獲得許可的迪士尼冰雪奇緣產品。
- 自Tytan Tiles於2023年10月17日在亞馬遜推出迪士尼冰雪奇緣套裝以來,在本季度的一個月內,亞馬遜新發布的學齡前積木套裝升至第 #1 位,磁性積木套裝最暢銷的 #3,並進入亞馬遜所有玩具和遊戲的前400名。
- 健康與保健領域的訂閱收入每月增長約5%。
- 本季度末,健康與保健領域有超過5,000名訂閱者,2023年增長了約80%。
Financial Highlights for the Fiscal Second Quarter 2024 Ended December 31, 2023
截至2023年12月31日的2024財年第二季度財務亮點
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年第二財季的收入總額爲2180萬美元,而去年同期爲2670萬美元,2024年第一財季爲2730萬美元。收入下降的主要原因是亞馬遜渠道和批發渠道的電子商務收入減少。在本季度,由於管理層的決定,某些批發交易未完成,導致庫存增加和銷售下降。該季度的品牌產品銷售額連續增長16.7%,達到770萬美元,而健康和美容產品類別的銷售額爲660萬美元。管理層將繼續專注於高毛利率品牌產品銷售的發展和增長。
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年第二財季的收入成本總額爲1,360萬美元,與去年同期的1,670萬美元和2024財年第一季度的1,860萬美元相比有所下降。收入成本下降主要與上文討論的電子商務銷售的減少有關。
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財年第二季度的毛利率在這兩個時期均約爲38%。該季度的毛利率連續增長至38%,而該季度的毛利率爲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年第二財季的銷售和營銷費用與去年同期相比下降了18%。銷售和營銷費用的減少主要與管理層努力完善銷售策略有關,通過訂閱收入和銷售渠道擴張將重點放在長期經常性銷售增長上。管理層將繼續戰略性地管理其直接面向消費者的銷售渠道的銷售和營銷預算,因爲公司將抓住機會,利用較低的成本實現客戶的估計生命週期價值。管理層認爲,該策略將在未來12個月內產生可觀的回報。管理層預計,隨着時間的推移,其廣告費用在接下來的幾個季度中佔銷售額的百分比將減少,這將提高整體盈利能力。
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年第二財季的一般和管理費用總額爲230萬美元,與去年同期的250萬美元相比下降了9%。管理層已管理其一般和管理成本,並將繼續實施戰略,降低一般和管理成本佔總銷售額的百分比。
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.
調整後的息稅折舊攤銷前利潤約爲29,000美元,而去年同期的調整後息稅折舊攤銷前利潤約爲55.7萬美元,2024財年第一季度的調整後息稅折舊攤銷前利潤約爲75萬美元。
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.
該公司在2024年第二財季的持續經營淨虧損爲240萬美元,而去年同期的淨收入爲270萬美元,2024年第一財季的淨虧損爲140萬美元。
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,該公司的現金爲180萬美元,歸屬於Upexi股東的股東權益總額約爲2550萬美元。
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股已發行普通股。
Financial Results Conference Call
財務業績電話會議
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: |
活動: | 2024 財年第二季度財務業績電話會議 |
日期: | 2024 年 2 月 14 日,星期三 |
時間: | 美國東部時間下午 4:30 |
實時通話: | 1-877-407-9716(美國免費電話)或 1-201-493-6779(國際) |
網絡直播: |
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:
對於那些無法參加電話會議的用戶,電話會議的撥入重播將持續到2024年2月28日,可以通過撥打+ 1-844-512-2921(美國免費電話)或+ 1-412-317-6671(國際)並輸入重播密碼:13744405進行訪問。更多詳細信息可在公司網站的 “投資者關係” 部分找到:
About Upexi, Inc.:
關於 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 是一個多方面的品牌所有者,在健康、保健、寵物、美容和其他成長型市場擁有知名品牌。我們在具有高增長趨勢的新興行業開展業務,並希望推動我們當前品牌的有機增長。我們專注於直接面向消費者和亞馬遜的品牌,這些品牌具有可擴展性並預見了行業的高增長趨勢。我們的目標是繼續積累消費者數據,並在我們銷售的所有行業中建立一個重要的客戶數據庫。我們當前數據庫的增長是銷售額和利潤同比增長的關鍵。爲了推動進一步增長,我們已經並將繼續收購盈利的亞馬遜和電子商務業務,這些企業可以通過企業協同效應快速擴展並降低成本。我們利用內部的SaaS程序化廣告技術來幫助降低每次收購的成本,並積累消費者數據,以增加我們不斷增長的品牌組合之間的交叉銷售。
FORWARD LOOKING STATEMENTS:
前瞻性陳述:
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.
本新聞稿包含 “前瞻性陳述”,該術語的定義見1933年《美國證券法》第27A條和1934年《證券交易法》第21E條。本新聞稿中不純粹的歷史陳述是前瞻性陳述,包括任何關於未來的信念、計劃、期望或意圖的陳述。由於多種因素,實際結果可能與任何前瞻性陳述中的預測有所不同。除其他外,這些因素包括與業務戰略、潛在收購、收入指導、產品開發、整合以及收購公司和人員的協同效應相關的固有不確定性。這些前瞻性陳述自本新聞稿發佈之日起作出,我們沒有義務更新前瞻性陳述,也沒有義務更新實際結果可能與前瞻性陳述中預測的結果不同的原因。儘管我們認爲本新聞稿中包含的信念、計劃、期望和意圖是合理的,但無法保證這些信念、計劃、期望或意圖會被證明是準確的。投資者應查閱此處列出的所有信息,還應參考我們在10-K表年度報告中概述的風險因素披露以及不時向美國證券交易委員會提交的其他定期報告。
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 |
調整後 EBITDA |
||||||||
三個月已結束 | ||||||||
9 月 30 日-23 | 12 月 31 日至 23 日 | |||||||
淨收益(淨虧損)GAAP |
(1,356,388) | (2,437,919) | ||||||
利息支出,淨額 |
874,185 | 1,077,084 | ||||||
折舊和攤銷 |
1,472,905 | 1,485,648 | ||||||
所得稅 |
(472,367) | (694,807) | ||||||
股票補償 |
421,887 | 330,584 | ||||||
出售資產的收益 |
(380,624) | 39,691 | ||||||
衍生負債的變化 |
- | - | ||||||
租賃減值 |
- | 228,830 | ||||||
已終止業務造成的虧損 |
193,040 | - | ||||||
歸屬於非控股權益的損失 |
- | - | ||||||
$ | 752,638 | $ | 29,111 | |||||
調整後 EBITDA |
||||||||
三個月已結束 | ||||||||
22 年 9 月 30 日 | 12 月 31 日至 22 日 | |||||||
淨收益(淨虧損)GAAP |
$ | (2,597,515) | $ | 2,669,679 | ||||
利息支出,淨額 |
161,970 | 1,789,299 | ||||||
折舊和攤銷 |
1,063,492 | 1,204,628 | ||||||
所得稅 |
(708,201) | 755,253 | ||||||
股票補償 |
927,326 | 1,052,847 | ||||||
出售資產的收益 |
- | (7,564,363) | ||||||
衍生負債的變化 |
(1,770) | 3,540 | ||||||
已終止業務造成的虧損 |
644,615 | 731,717 | ||||||
歸屬於非控股權益的損失 |
(148,005) | (85,581) | ||||||
$ | (1,409,397) | $ | 557,019 |
Use of Non-GAAP Financial Measures
非公認會計准則財務指標的使用
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.
公司內部披露並使用上述非公認會計准則財務指標作爲GAAP財務信息的補充,以評估其經營業績、財務規劃、制定運營目標、薪酬計劃、衡量還本付息能力、資本支出規劃和確定營運資金需求,並認爲這些都是投資者也使用的有用的財務指標。非公認會計准則調整後的息稅折舊攤銷前利潤定義爲公認會計准則淨收益或扣除利息、稅項、折舊和攤銷前的淨虧損(EBITDA),根據非現金股票薪酬和股票期權支出、收購、整合和重組費用、費用以及清償債務和其他非現金項目產生的損益進行調整。非公認會計准則息稅折舊攤銷前利潤和非公認會計准則調整後的息稅折舊攤銷前利潤不是公認會計准則定義的術語,因此,公司對非公認會計准則息稅折舊攤銷前利潤和非公認會計准則調整後的息稅折舊攤銷前利潤的衡量標準可能無法與其他公司使用的類似標題的衡量標準相提並論。通常,非公認會計准則財務指標是對公司業績、財務狀況或現金流的數字衡量標準,它不包括或包括通常不包含在根據公認會計原則計算和列報的最直接可比指標中的金額。但是,上面討論的非公認會計准則財務指標應被視爲對合並運營報表中爲GAAP報告的淨收益或淨虧損、合併現金流量表上的現金和現金流或其他根據公認會計原則編制並反映在公司根據公認會計原則編制的財務報表中反映的淨收益或淨虧損的補充,而不是替代或優於這些指標。這些非公認會計准則財務指標不能取代GAAP提供的財務指標,也不能代替GAAP提供的財務指標,應閱讀根據GAAP進行的所有衡量標準和財務信息披露,以全面徹底地了解公司的財務業績。本文件附表中提供了摘要或其他地方提及的非公認會計准則息稅折舊攤銷前利潤和非公認會計准則調整後的息稅折舊攤銷前利潤與GAAP營業收入(虧損)和/或GAAP淨收益(淨虧損)的對賬情況。
Company Contact
公司聯繫人
Andrew Norstrud, Chief Financial Officer
Email: andrew.norstrud@upexi.com
Phone: (702) 332-5591
安德魯·諾斯特魯德,首席財務官
電子郵件:andrew.norstrud@upexi.com
電話:(702) 332-5591
Investor Relations Contact
投資者關係聯繫人
KCSA Strategic Communications
Valter Pinto
Email: Upexi@KCSA.com
Phone: (212) 896-1254
KCSA 戰略傳播
瓦爾特·平託
電子郵件:Upexi@KCSA.com
電話:(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. |
||||||||
簡明合併資產負債表(未經審計) |
||||||||
十二月三十一日 | 6月30日 | |||||||
2023 | 2023 | |||||||
資產 |
||||||||
流動資產 |
||||||||
現金 |
$ | 1,844,420 | $ | 4,492,291 | ||||
應收賬款 |
5,377,244 | 7,163,564 | ||||||
庫存 |
14,663,908 | 11,557,128 | ||||||
來自 Bloomios |
- | 845,443 | ||||||
預付費用和其他應收賬款 |
697,559 | 1,307,299 | ||||||
已終止業務的流動資產 |
- | 89,989 | ||||||
流動資產總額 |
22,583,131 | 25,455,714 | ||||||
財產和設備,淨額 |
7,600,398 | 7,526,463 | ||||||
無形資產,淨額 |
11,298,110 | 13,571,960 | ||||||
善意 |
11,808,571 | 10,251,281 | ||||||
遞延所得稅資產 |
6,771,230 | 5,604,056 | ||||||
其他資產 |
441,844 | 96,728 | ||||||
持有待售資產 |
- | 936,054 | ||||||
使用權資產 |
1,657,463 | 410,811 | ||||||
其他資產總額 |
39,577,616 | 38,397,353 | ||||||
總資產 |
$ | 62,160,747 | $ | 63,853,067 | ||||
負債和股東權益 |
||||||||
流動負債 |
||||||||
應付賬款 |
$ | 3,017,764 | $ | 3,969,746 | ||||
應計補償 |
495,228 | 533,842 | ||||||
遞延收入 |
104,149 | - | ||||||
應計負債 |
2,658,347 | 3,365,562 | ||||||
應付收購款 |
300 | - | ||||||
應付票據的當前部分 |
4,206,474 | 1,302,021 | ||||||
應付可轉換票據的當期部分 |
- | 1,254,167 | ||||||
應付收購票據的當前部分 |
8,483,028 | 5,656,620 | ||||||
關聯方應付票據的當期部分 |
- | 1,429,356 | ||||||
信用額度 |
4,167,377 | 882,845 | ||||||
應付經營租賃的當期部分 |
823,702 | 419,443 | ||||||
已終止業務的流動負債 |
- | 792,408 | ||||||
流動負債總額 |
24,256,069 | 19,606,010 | ||||||
應付經營租賃,扣除流動部分 |
1,162,687 | 163,359 | ||||||
關聯方應付票據 |
1,459,630 | - | ||||||
可轉換票據應付款 |
2,150,000 | 895,833 | ||||||
應付收購票據,扣除當期票據 |
3,199,683 | 7,605,085 | ||||||
應付票據,扣除流動部分 |
4,470,017 | 7,746,157 | ||||||
長期負債總額 |
12,442,017 | 16,410,434 | ||||||
承付款和意外開支 |
||||||||
股東權益 |
||||||||
優先股,面值0.001美元,已授權1億股,已發行和流通的分別爲50萬股和50萬股 |
500 | 500 | ||||||
普通股,面值0.001美元,授權的1億股,以及已發行和流通的分別爲20,397,779股和16,713,345股 |
20,307 | 20,216 | ||||||
額外實收資本 |
52,437,336 | 51,522,229 | ||||||
累計赤字 |
(26,995,482) | (23,201,175) | ||||||
歸屬於Upexi, Inc.的股東權益總額 |
25,462,661 | 28,341,770 | ||||||
子公司的非控股權益 |
(505,147) | |||||||
股東權益總額 |
25,462,661 | 27,836,623 | ||||||
負債和股東權益總額 |
$ | 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. |
||||||||
簡明合併運營報表(未經審計) |
||||||||
截至12月31日的三個月 | ||||||||
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 | ||||||
運營費用 |
||||||||
銷售和營銷 |
2,691,368 | 3,297,144 | ||||||
分銷成本 |
3,247,554 | 3,575,545 | ||||||
一般和管理費用 |
2,303,220 | 2,517,651 | ||||||
基於股份的薪酬 |
330,584 | 1,052,847 | ||||||
收購的無形資產的攤銷 |
1,157,029 | 1,102,756 | ||||||
折舊 |
328,619 | 240,958 | ||||||
10,058,374 | 11,786,901 | |||||||
運營損失 |
(1,787,121) | (1,700,456) | ||||||
其他收入(支出),淨額 |
||||||||
衍生負債的變化 |
- | (3,540) | ||||||
利息(支出)收入,淨額 |
(1,077,084) | (1,789,299) | ||||||
其他收入(支出),淨額 |
(1,077,084) | (1,792,839) | ||||||
所得稅前的運營收入(虧損) |
(2,864,205) | (3,493,295) | ||||||
出售 Infusionz 和精選資產的收益 |
- | 7,564,363 | ||||||
出售互動優惠的收益(虧損) |
(39,691) | - | ||||||
租賃結算,加州設施 |
61,138 | - | ||||||
租賃減值,德拉海灘設施 |
(289,968) | - | ||||||
來自已終止業務的(虧損)收入 |
- | |||||||
所得稅優惠(費用) |
694,807 | (755,253) | ||||||
持續經營業務的淨收益(虧損) |
(2,437,919) | 3,315,815 | ||||||
來自已終止業務的(虧損)收入 |
- | (731,717) | ||||||
歸屬於非控股權益的淨虧損 |
- | 85,581 | ||||||
歸屬於Upexi, Inc.的淨收益(虧損) |
$ | (2,437,919) | $ | 2,669,679 | ||||
每股基本收益(虧損): |
||||||||
持續經營業務每股收益(虧損) |
$ | (0.12) | $ | 0.15 | ||||
來自已終止業務的每股收益(虧損) |
$ | - | $ | (0.04) | ||||
每股總收益(虧損) |
$ | (0.12) | $ | 0.15 | ||||
攤薄後每股收益(虧損): |
||||||||
持續經營業務每股收益(虧損) |
$ | (0.12) | $ | 0.17 | ||||
來自已終止業務的每股收益(虧損) |
$ | - | $ | - | ||||
每股總收益(虧損) |
$ | (0.12) | $ | 0.17 | ||||
基本加權平均已發行股份 |
20,306,871 | 17,540,427 | ||||||
全面攤薄後的加權平均已發行股數 |
20,306,871 | 19,030,705 |
SOURCE: Upexi, Inc.
來源:Upexi, Inc.
譯文內容由第三人軟體翻譯。