Income Statement

v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Revenue        
Revenue $ 3,160,480 $ 5,223,242 $ 11,522,487 $ 20,960,812
Cost of Revenue 1,601,374 3,955,559 4,059,207 9,696,598
Gross profit 1,559,106 1,267,683 7,463,280 11,264,214
Operating expenses        
Sales and marketing 1,039,299 1,275,974 3,030,687 4,578,950
Distribution costs 990,049 2,061,469 3,722,196 6,693,573
General and administrative expenses 2,642,654 1,790,611 5,558,934 4,953,300
Unrealized (gain) loss on digital assets 5,268 0 5,268 0
Share-based compensation 521,353 212,758 695,229 965,229
Amortization of acquired intangible assets 19,191 658,858 57,571 1,976,574
Depreciation 198,519 306,185 658,986 901,521
Lease impairment (gain on settlement) (269,994) 0 (269,994) 289,969
Operating expenses 5,146,339 6,305,855 13,458,877 20,359,116
Loss from operations (3,587,233) (5,038,172) (5,995,597) (9,094,902)
Other income (expense), net        
Other 676 (10,376) 676 (30,063)
Interest (expense) income, net (245,103) (736,551) (763,626) (2,612,359)
Other income (expense), net (244,427) (746,927) (762,950) (2,642,422)
Loss on operations before income tax (3,831,660) (5,785,099) (6,758,547) (11,737,324)
Income tax benefit (expense 0 1,501,595 0 2,668,769
Net loss from continuing operations (3,831,660) (4,283,504) (6,758,547) (9,068,555)
Gain (loss) from the sale of Interactive Offers 0 (103,263) 0 237,670
Total Gain from the sale of Interactive Offers 0 (103,263) 0 237,670
Income (loss) on discontinued operations        
Income (loss) on discontinued operations Interactive offers 0 0 0 (193,040)
VitaMedica 0 81,978 0 239,908
E-core   186,177 0 871,098
Income (loss) income from discontinued operations 0 268,155 0 917,966
Net income (loss) attributable to Upexi, Inc. $ (3,831,660) $ (4,118,612) $ (6,758,547) $ (7,912,919)
Basic income (loss) per share:        
Income (loss) per share from continuing operations $ (2.87) $ (4.19) $ (5.92) $ (8.75)
(Loss) income per share from discontinued operations 0 0.26 0 0.89
Total income (loss) per share attributable to Upexi shareholders (2.87) (4.03) (5.92) (7.64)
Diluted income (loss) per share:        
Income (loss) per share from continuing operations (2.87) (4.19) (5.92) (8.75)
(Loss) income per share from discontinued operations 0 0.26 0 0.89
Total income (loss) per share attributable to Upexi shareholders $ (2.87) $ (4.03) $ (5.92) $ (7.64)
Basic weighted average shares outstanding 1,336,373 1,021,210 1,140,995 1,036,182
Fully diluted weighted average shares outstanding 1,336,373 1,021,210 1,140,995 1,036,182

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