Upexi Announces Strategic Operational Measures To Monetize Non-Core Assets, Reduce Expenses And Drive Profitability; Co Sells Interactive Offers For $1.25M In Cash And A 2.5% Royalty On Advertising Revenue For 2 Years
Portfolio Pulse from Happy Mohamed
Upexi Inc. (NASDAQ:UPXI) has announced strategic operational measures to monetize non-core assets, reduce expenses, and drive profitability. The company sold its wholly owned subsidiary, Interactive Offers, for $1.25 million and will receive a 2.5% royalty on advertising revenue for 2 years. Upexi also acquired the remaining 45% of Cygnet Online, now owning 100% of its equity. These measures aim to reduce capital expenditures, increase cash flow, and invest in high margin subscription businesses.
September 06, 2023 | 1:21 pm
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POSITIVE IMPACT
Upexi's strategic measures to sell non-core assets and acquire remaining equity in Cygnet Online could potentially drive profitability and increase cash flow, which may positively impact the company's stock in the short term.
The sale of non-core assets and acquisition of remaining equity in Cygnet Online are strategic moves aimed at reducing expenses and driving profitability. This could potentially increase cash flow and allow for investment in high margin businesses, which may positively impact Upexi's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100