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Upexi, Inc. - $UPXI STOCK NEWS

Welcome to our dedicated page for Upexi news (Ticker: $UPXI), a resource for investors and traders seeking the latest updates and insights on Upexi stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Upexi's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Upexi's position in the market.

Rhea-AI Summary
Upexi Inc. announces the launch of its first licensed product under the agreement with Disney.
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End-of-Day
-3.18%
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Rhea-AI Summary
Upexi, Inc. provides revenue guidance for Q1 2023 of $26-27 million, showing strength in their businesses. Revenue for FY2023 was $80.7 million, a 250% YoY increase. Gross profit was $33.6 million, a 126% increase. Adjusted EBITDA was $1.27 million. Net loss was $16.9 million. Cash and cash equivalents totaled $4.5 million as of June 30, 2023. Upexi reduced operational expenses by $1.9 million. Tytan Tiles plans to launch new products and signed a licensing agreement with Disney. LuckyTail expands product line. Sales and marketing expenses increased to $10.4 million. Distribution costs increased to $12.4 million. General and administrative expenses increased to $9.5 million. Other operating expenses totaled $8.8 million. Adjusted EBITDA for FY2023 was $1.2 million. Upexi had a net loss of $16.9 million. Cash and working capital remain positive.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.88%
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Rhea-AI Summary
Upexi Inc. will host a conference call on October 2, 2023, to discuss its financial results for fiscal 2023 full year and provide a business update.
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End-of-Day
1.17%
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conferences earnings
Rhea-AI Summary
Upexi Inc. CEO to participate in Jefferies Pet Care and Wellness Summit
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1.18%
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conferences
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LuckyTail expands product line with all-natural dog supplements
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3.21%
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Rhea-AI Summary
Upexi Inc. sells Interactive Offers for $1.25M in cash and acquires remaining 45% of Cygnet Online.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.95%
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none
News
Rhea-AI Summary
Upexi Inc., a multi-faceted Amazon and Direct-to-Consumer brand owner, has increased its revenue guidance for full year 2023 to exceed $100 million. The company plans to provide a specific revenue guidance range during its fiscal 2023 financial results conference call in September. Upexi CEO Allan Marshall expressed confidence in exceeding the guidance and mentioned exploring options to recognize value for shareholders. The company also intends to invest in its core business segment, including White and Private label businesses, to increase overall revenues and contribute to adjusted EBITDA.
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Rhea-AI Sentiment
End-of-Day
-7.47%
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Rhea-AI Summary
Upexi Inc. (NASDAQ:UPXI) Integrates Re:amaze AI Tool for Enhanced Customer Support
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-3.76%
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AI
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Rhea-AI Summary
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-3.59%
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Rhea-AI Sentiment
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-2.19%
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Upexi, Inc.

Nasdaq:UPXI

UPXI Rankings

UPXI Stock Data

9.78M
14.03M
27.81%
5.67%
0.42%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
Link
United States of America
TAMPA

About UPXI

we are a passionate group of hemp and health enthusiasts who believe in a better life for all. our goal is to transform the landscape of how hemp and vitamins are produced, bought, and sold, with each of our brands curated for individual consumer needs. within the hemp space, we offer tinctures and gummies featuring an array of cannabinoids, from cbd, cbn, cbg and more. each designed to help consumers support their specific health needs. in the vitamin/nutraceutical space, we formulate products with specific ingredients designed to help support weight management, pain relief, stress relief, anti-inflammatory, and overall health and wellness. all products are manufactured, produced, and fulfilled in house at a state of the art facility that allows us to guarantee the highest standard of quality. this same facility has made us a leader in wholesale and private label distribution for clients across multiple industries. we stand by our products which is why we offer our customers free