Upexi, Inc. (NASDAQ:UPXI) Q2 2023 Earnings Conference Call February 14, 2023 5:00 PM ET

Company Participants

Valter Pinto - MD of KCSA Strategic Communications

Allan Marshall - CEO

Andrew Norstrud - CFO

Conference Call Participants

Michael Albanese - EF Hutton

Aaron Grey - Alliance Global Partners

Operator

Greetings and welcome to the Upexi, Inc. 2023 Fiscal Second Quarter Earnings Results Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce to your host, Valter Pinto, Managing Director at KCSA Strategic Communications. Thank you. You may begin.

Valter Pinto

Thank you, operator. Good evening and welcome everyone to Upexi 2023 fiscal second quarter financial results conference call.

I'm joined today by Allan Marshall, Chief Executive Officer and Andrew Norstrud, Chief Financial Officer.

Before we begin, I'm going to remind everyone that statements made during today's conference call may be deemed forward-looking statements within the meaning of the Safe Harbor of the Private Securities Litigation Reform Act of 1995, and actual results may differ materially due to a variety of risks, uncertainties and other factors. For a detailed discussion of some of the ongoing risks and uncertainties in the company's business, I refer you to the press release issued this evening and filed with the SEC on Form 8-K as well as the company's reports filed periodically with the SEC. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.

In addition, during the course of this call, we may refer to non-GAAP financial measures that are not prepared in accordance with accounting principles generally accepted in the United States. And that may be different from non-GAAP financial measures used by other companies. The reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures are contained in our earnings released issued this evening unless otherwise noted.

I would now like to turn the call over to Upexi's CEO, Alan Marshall.

Allan Marshall

Thank you, and welcome to our 2023 fiscal second quarter operating results conference call. Since joining Upexi as CEO in May of 2019, the company has grown from approximately $7.4 million in annual revenue to $44 million in 2022, with an estimate of $100 million in revenue expected in 2023. We experienced a substantial growth despite two years of COVID pandemic and a challenging 2022, when for many macro economic reasons, consumer companies in the market struggled to find growth.