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Upexi reports record revenue of $17M through November 30th
The Fly

Upexi reports record revenue of $17M through November 30th

Upexi announced record net revenue of approximately $17M through November 30th, the Company’s Q2 of FY23, which ends December 31. Gross revenue thus far in the current quarter is attributable to strong consumer demand across each of the Company’s product vertical markets including; health, wellness, pets, toys and discount electronics. Sales across all channels, including retail and direct-to-consumer, saw flat to positive growth in volume amidst a slowing consumer demand environment. This overall positive trend was particularly driven by the Company’s toy brand, Tytan Tiles, and strong initial results from our E-Core acquisition. Allan Marshall, Upexi CEO commented, "We are on pace for our best quarter in the Company’s existence, even through this transitional period. The diverse nature of our brands and products within key industry verticals helps the Company navigate through and stabilize among volatile consumer market trends. Our revenue thus far in combination with a robust pipeline of new products and acquisitions firmly position us to achieve the $100M dollar revenue projected for 2023."

Published first on TheFly

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