Upexi Reports Record Revenue of $27.1 Million for Fiscal 2023 Second Quarter, an Increase of 444% Year-Over-Year
Fiscal 2023 Second Quarter Financial Highlights:
- Fiscal 2023 Second Quarter Financial Highlights:
Revenue totaled $27.1 million, an increase of 444% year-over-year, and an increase of 134% sequentially. - Gross profit totaled $10.3 million, an increase of $6 million or an increase of 141% year-over-year and an increase of 71% sequentially.
- Shareholder equity increased $8.2 million to $36.9 million as of December 31, 2022, as compared to $28.7 million as of June 30, 2022.
- Cost of revenue during the quarter totaled $16.8 million, compared to $.7 million for the same period the prior year.