Overview
Upexi fiscal Q1 revenue slightly beats analyst expectations at $9.2 mln
Net income for fiscal Q1 rises to $66.7 mln from a loss of $1.6 mln
Gross profit up 183% yr/yr to $8.3 mln, driven by digital asset revenue
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
DIGITAL ASSET REVENUE - Digital asset revenue, mainly from staking, totaled $6.1 mln, driving gross profit increase
SOLANA TREASURY STRATEGY - Unrealized gain on Solana treasury contributed to net income increase
FINANCIAL STRATEGY - Co closed $200 mln private placement and announced $500 mln equity line to support growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$9.20 mln
$9.16 mln (1 Analyst)
Q1 EPS
$0.76
Q1 Gross Profit
$8.30 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "hold."
Wall Street's median 12-month price target for Upexi Inc is $15.50, about 78.4% above its November 10 closing price of $3.35
Press Release: ID:nGNX7rYCTw
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)