Filing Flows › Upexi (UPXI) › Q2 FY25
Upexi (UPXI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 14, 2025
Upexi (UPXI) reported revenue of $4.0M for the second quarter fiscal 2025 (Q2 FY25), -46% from a year earlier and -8% from the quarter before. Operating margin was -26.8%, net loss $1.3M (32.5% of revenue).
Upexi, Q2 FY25: revenue $4.0M (-46% year over year), operating margin -26.8%, net loss $1.3M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0M | -8% | -46% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $4.0M in Q2 FY25, down 46% year over year and down 8% from the previous quarter.
Gross margin was 74.3%, up 13.1 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -26.8%. Operating expenses fell 44% while revenue fell 46%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $1.6M loss.
Operating cash flow was −$1.4M. Non-cash charges added back $240K of depreciation and amortization and $33K of share-based compensation. Working capital and other items used $355K.
Questions
What was Upexi's revenue in the second quarter fiscal 2025?
Upexi (UPXI) reported revenue of $4.0M for the second quarter fiscal 2025 (Q2 FY25), -46% from a year earlier and -8% from the quarter before.
Was Upexi profitable in the second quarter fiscal 2025?
Operating loss was $1.1M (-26.8% of revenue) and net loss $1.3M.
Source: Upexi 10-Q on SEC EDGAR.