See more : Advanced Microelectronic Products,Inc. (6287.TWO) Income Statement Analysis – Financial Results
Complete financial analysis of Upexi, Inc. (UPXI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Upexi, Inc., a leading company in the Internet Content & Information industry within the Communication Services sector.
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Upexi, Inc. (UPXI)
Industry: Internet Content & Information
Sector: Communication Services
Website: https://www.upexi.com
About Upexi, Inc.
Upexi, Inc. manufacture and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc. and changed its name to Upexi, Inc. in August 2022. Upexi, Inc. was incorporated in 2018 and is headquartered in Clearwater, Florida.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | 26.00M | 80.68M | 44.58M | 24.10M | 7.41M | 2.21M |
| Cost of Revenue | 13.18M | 47.12M | 19.40M | 12.20M | 4.84M | 1.17M |
| Gross Profit | 12.82M | 33.56M | 25.19M | 11.90M | 2.57M | 1.04M |
| Gross Profit Ratio | 49.32% | 41.60% | 56.50% | 49.38% | 34.67% | 46.93% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 6.77M | 13.21M | 17.48M | 8.08M | 6.04M | 1.46M |
| Selling & Marketing | 5.99M | 22.75M | 7.63M | 2.39M | 1.37M | 162.07K |
| SG&A | 12.76M | 35.96M | 25.11M | 10.47M | 7.41M | 1.63M |
| Other Expenses | 22.53M | 5.15M | 2.73M | 0.00 | 0.00 | -1.06K |
| Operating Expenses | 35.29M | 41.11M | 27.84M | 10.47M | 7.41M | 1.63M |
| Cost & Expenses | 48.46M | 88.23M | 47.24M | 22.67M | 12.25M | 2.80M |
| Interest Income | 0.00 | 0.00 | 202.12K | 530.45K | 138.41K | 3.07K |
| Interest Expense | 0.00 | 4.76M | 202.12K | 530.45K | 138.41K | 0.00 |
| Depreciation & Amortization | 3.68M | 5.15M | 1.83M | 1.33M | 980.63K | 35.49K |
| EBITDA | -9.72M | -2.40M | -4.36M | 3.56M | -4.23M | -521.49K |
| EBITDA Ratio | -37.38% | -2.97% | -0.50% | 6.88% | -51.52% | -23.62% |
| Operating Income | -22.46M | -7.55M | -2.65M | 626.89K | -4.84M | -589.05K |
| Operating Income Ratio | -86.39% | -9.36% | -5.95% | 2.60% | -65.27% | -26.68% |
| Total Other Income/Expenses | -3.14M | -10.92M | 101.08K | 269.40K | -546.54K | 2.01K |
| Income Before Tax | -25.60M | -18.47M | -2.56M | 1.70M | -5.38M | -587.04K |
| Income Before Tax Ratio | -98.47% | -22.90% | -5.75% | 7.04% | -72.64% | -26.59% |
| Income Tax Expense | -1.95M | -3.05M | -518.40K | -1.28M | 545.34K | -2.01K |
| Net Income | -23.66M | -16.93M | -2.05M | 2.98M | -5.93M | -585.03K |
| Net Income Ratio | -90.99% | -20.99% | -4.59% | 12.36% | -80.00% | -26.50% |
| EPS | -23.03 | -0.95 | -0.13 | 0.19 | -0.41 | -0.04 |
| EPS Diluted | -23.03 | -0.95 | -0.13 | 0.19 | -0.41 | -0.04 |
| Weighted Avg Shares Out | 1.03M | 17.88M | 16.22M | 15.26M | 14.54M | 14.54M |
| Weighted Avg Shares Out (Dil) | 1.03M | 17.88M | 16.22M | 15.26M | 14.54M | 14.54M |
What made Grove Inc shares jump 70% on Thursday morning?
Shares of Grove Inc (NASDAQ: GRVI) climbed by more than 70% on Thursday morning after the hemp specialist announced the launch of Upexi – its latest growth initiative. Upexi to help scale online business In a press release this morning,...
Why Grove Shares Are Surging Today
Grove, Inc. (NASDAQ: GRVI) shares are trading higher after the company announced it launched an Amazon.com, Inc. (NASDAQ: AMZN) aggregation division. With the launch of Upexi, Grove intends to take direct aim at the Amazon Aggregation market.
GRVI Stock: Why It Substantially Increased Today
The stock price of Grove Inc (NASDAQ: GRVI) increased by over 80% during intraday trading today. This is why it happened.
Grove Inc. Launches Amazon Aggregation Division
Upexi Unit Created to Acquire and Scale Promising Ecommerce Businesses HENDERSON, NV / October 14, 2021 / Grove, Inc. (NASDAQ:GRVI) ("Grove" or the "Company"), a global innovator in hemp, health, and wellness, today announced the launch of
Grove's Acquisitions Fueling Company's Growth
Since its initial public offering (IPO) in June, Grove Inc. (NASDAQ:GRVI) has embarked on a journey that will establish it as a leading manufacturer of hemp-derived CBD-based products as well as nutritional supplements. Grove, a Henderson, Nevada-based company, offered 2.2...
Grove's Acquisitions Fueling Company's Growth
Since its initial public offering (IPO) in June, Grove Inc. (NASDAQ:GRVI) has embarked on a journey that will establish it as a leading manufacturer of hemp-derived CBD-based products as well as nutritional supplements. Grove, a Henderson, Nevada-based company, offered 2.2...
Grove, Inc. Announces Unaudited Fiscal Year 2021 Results of Operations
Offers Revenue Guidance for 2022 of $48-55 Million ● $24.1 million in revenue for fiscal year 2021
Alfi Brings Grove's Cannabis Ads to the Backseat of Your Uber Ride
Source: Alfi Even as a myriad of wellness benefits from CBD products pile up, the cannabis industry faces stiff headwinds when it comes to advertising its products. The two largest digital advertising platforms Google Inc. (NASDAQ: GOOGL) and Facebook (NASDAQ:...
Grove Inc. to Present at the H.C. Wainwright 23rd Annual Global Investment Conference
HENDERSON, NV, Sept. 10, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grove Inc. (the “Company” or “Grove”) (NASDAQ: GRVI), Nevada company engaging in the research, manufacturing, distribution, and marketing of CBD and hemp wellness-based products, today announced that Allan Marshall, Grove's Chief Executive Officer,...
Grove Inc. Expands into the Programmatic Advertising Technology Sector with Acquisition of Interactive Offers and its SaaS Advertising Platform
HENDERSON, NV, Aug. 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Grove Inc. (the “Company” or “Grove”) (NASDAQ: GRVI), the Nevada based BRAND and CBD company, looking to add a key Technology Division to its strategic businesses, announced the signing...
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