Upexi(UPXI)2024-12-19 22:29Revenue Performance - Revenue for the three months ended September 30, 2024, decreased by 4,356,515 compared to 1,418,754 or 50% compared to the same period last year, with gross margin remaining stable with less than a 2% change[161]. - Sales and marketing expenses decreased by 676,167 or 32% compared to the same period last year, attributed to the decline in recommerce revenue[163]. - General and administrative expenses decreased by 957,965 or 71% compared to the same period last year, mainly due to changes in amortization of acquired intangible assets[166]. Financial Loss - The company reported a net loss of 1,333,388 for the same period in 2023[168]. Asset and Liability Overview - As of September 30, 2024, current assets were 11,419,918 as of June 30, 2024, while current liabilities decreased to 12,655,152[169]. Cash Flow and Working Capital - Net cash provided by investing activities for the three months ended September 30, 2024, was 145,324 in the same period last year[174]. - The company estimates sufficient working capital to fund operations over the next twelve months and meet all debt obligations[176].