Ispire Technology Inc

Earnings data Q3 2023

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Earnings data Q3 2024

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Earnings data Q2 2025

Ispire Technology Inc (ISPR) reports strong Q3 earnings and expands market presence

Ispire Technology Inc (ISPR) delivered robust financial results in Q3 2024 driven by strong revenue growth in cannabis hardware and tobacco vaping products. The company's strategic partnerships, successful fundraising, and focus on innovation position it well for future expansion and market leadership.

Ispire Technology Inc reports record revenue growth and strategic partnerships

Ispire Technology Inc's fiscal year 2024 showcased strong revenue growth and margin improvement, driven by strategic partnerships and market expansions. While challenges persist with net losses and increased accounts receivable, the company aims to achieve profitability by focusing on innovation and strategic investments.

Ispire Technology Inc reports Q1 revenue decline but eyes global expansion

Ispire Technology Inc faced revenue decline and increased expenses in Q1 2025 but saw growth in gross profit and international ventures. The company aims to improve cash flow and accounts receivable while focusing on quality and global expansion for future growth.

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Ispire Technology, Inc. engages in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company was founded on June 13, 2022 and is headquartered in Los Angeles, CA.

Seeks Authorization for Pioneering Point-of-Use Identity and Age Verification Technology to Reduce Youth Access and Expand the Adult Market for Reduced-Risk Vapor Products LOS ANGELES , Nov. 18, 2024 /PRNewswire/ --  Ispire Technology Inc. ("Ispire" or the "Company") ( NASDAQ: ISPR ), a trailblazer in vaping technology and precision dosing, and IKE Tech LLC ("IKE Tech"), a joint venture among three leading technology and research companies Ispire, Touch Point Worldwide d/b/a Berify and Chemular Inc., announced a successful in person pre-PMTA (Pre-Market Tobacco Product Application) submission meeting with FDA's Center for Tobacco Products (CTP) for their Age Verification technology, designed to allow adult access to electronic nicotine delivery systems (ENDS) while preventing youth access to such products at point-of-use. This critical regulatory milestone marks an important step in the journey to provide an innovative, secure universal solution aimed at preventing youth access to ENDS and expanding the market for adults who choose to use flavored PMTA-authorized products.

IKE Tech LLC and Ispire Technology Inc. Announce Positive Pre-PMTA Submission Meeting with the FDA

Ispire Technology Inc. (NASDAQ:ISPR ) Q1 2025 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Michael Wang - Co-Chief Executive Officer James McCormick - Chief Financial Officer Conference Call Participants Bo Pei - U.S. Tiger Securities Operator Hello, everyone, and welcome to today's conference call to discuss Ispire's Financial Results for the Fiscal First Quarter 2025 Ended September 30, 2024. At this time, I would like to inform you that this conference is being recorded and that all participants are in a listen-only mode.

Ispire Technology Inc. (ISPR) Q1 2025 Earnings Call Transcript

Ispire Technology Inc. (ISPR) came out with a quarterly loss of $0.10 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.03 per share a year ago.

Ispire Technology Inc. (ISPR) Reports Q1 Loss, Lags Revenue Estimates

Gross Profit Increased  13.2% Year-Over-Year to $7.7 Million Gross Margins increased to 19.5%, up from 16.0% in Fiscal Q1 2024 Expanded Global Reach through 5-Year Master Distributor Agreement with ANDS for MENA and Global Duty-Free Markets LOS ANGELES , Nov. 11, 2024 /PRNewswire / --   Ispire Technology Inc. ( NASDAQ: ISPR ) ("Ispire," the "Company," "we," "us," or "our"), an innovator in vaping technology and precision dosing, today reported results for the fiscal first quarter 2025, which ended on September 30, 2024, and anticipates filing its annual report on Form 10-Q with the U.S. Securities and Exchange Commission (the "SEC") on November 12, 2024. Fiscal First Quarter 2025 Financial Results Revenue  was $39.3 million as compared to $42.9 million in the fiscal first quarter of 2024.

Ispire Technology Inc. Reports Financial Results for Fiscal First Quarter 2025

LOS ANGELES , Nov. 7, 2024 /PRNewswire/ -- Ispire Technology Inc.  ("Ispire" or the "Company") (NASDAQ: ISPR), an innovator in vaping technology and precision dosing, announced today that it will host its earnings conference call at 8:00am ET on Tuesday, November 12, 2024, to discuss the Company's financial results for its fiscal first quarter ended September 30, 2024. To attend the conference call, please dial in using the information below.

Ispire Technologies Inc. Schedules Fiscal First Quarter 2025 Earnings Conference Call

LOS ANGELES , Nov. 1, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") ( NASDAQ: ISPR ) , an innovator in vaping technology and precision dosing, announced that it will participate in MJ Unpacked , a premier event for cannabis industry stakeholders to connect, collaborate, and advance cannabis commerce. Luna Stower, Head of Impact at Ispire, will serve as a panelist for the "Impact of Women in Cannabis" discussion, which will highlight the unique challenges and transformative contributions of female leaders in the cannabis industry.

Ispire Technology Inc. Announces Participation in MJ Unpacked 2024

LOS ANGELES , Oct. 7, 2024 /PRNewswire/ --  Ispire Technology Inc. ("Ispire" or the "Company") ( NASDAQ: ISPR ), a leader in the development and commercialization of vaping technology and precision dosing, announced a landmark five-year master distributor agreement with ANDS , a leading distributor in the MENA region specializing in non-combustion nicotine delivery solutions based in Dubai . This partnership marks a significant step in Ispire's global expansion strategy, enabling the company to bring its Hidden Hills Club nicotine portfolio to the Middle East, North Africa (MENA) region and Global Duty-Free markets.

Ispire Technology Expands Global Reach through 5-Year Master Distributor Agreement with ANDS for MENA and Global Duty-Free Markets

LOS ANGELES , Oct. 1, 2024 /PRNewswire/ -- Ispire Technology Inc.  ("Ispire" or the "Company") (NASDAQ: ISPR), an innovator in vaping technology and precision dosing, announced that its management will participate in the following upcoming conferences in October: Benzinga Cannabis Capital Conference   Ispire will attend the Benzinga Cannabis Capital Conference, the leading cannabis investment and branding conference in North America. The event will take place at the Marriott Magnificent Mile in Chicago, IL from October 8 - 9.

Ispire Technology Announces Participation in Upcoming October Conferences

Ispire Technology Inc. (NASDAQ:ISPR ) Q4 2024 Results Conference Call September 26, 2024 8:00 AM ET Company Participants Michael Wang - Co-CEO Jim McCormick - CFO Conference Call Participants Scott Fortune - ROTH Capital Partners Bo Pei - US Tiger Securities Pablo Zuanic - Zuanic & Associates Operator Hello, everyone, and welcome to today's conference call to discuss Ispire's Financial Results for the Fiscal Year 2024 Ended June 30, 2024. At this time, I'd like to inform you that this conference call is being recorded and that all participants are in a listen-only mode.

Ispire Technology Inc. (ISPR) Q4 2024 Earnings Call Transcript

Record Revenue Year with Revenue  Increasing 31.4% Year-Over-Year to $151.9 Million Gross Profit Increased 43.3% Year-Over-Year to $29.8 Million Submitted PMTA Application in September 2024 Planning to Re-enter US ENDS Market LOS ANGELES , Sept. 26, 2024 /PRNewswire/ --  Ispire Technology Inc. ( NASDAQ: ISPR ) ("Ispire," the "Company," "we," "us," or "our"), an innovator in vaping technology and precision dosing, today reported results for the fiscal year 2024, which ended on June 30, 2024, and will file its annual report on Form 10-K with the U.S. Securities and Exchange Commission (the "SEC") on September 26, 2024.

Ispire Technology Inc. Reports Financial Results for the Fiscal Year 2024

LOS ANGELES , Sept. 11, 2024 /PRNewswire/ -- Ispire Technology Inc.  ("Ispire" or the "Company") (NASDAQ: ISPR), an innovator in vaping technology and precision dosing, announced today that it is rescheduling its earnings conference call to 8:00am ET on Thursday, September 26, 2024.

Ispire Technologies Inc. Earnings Conference Call for Fiscal Fourth Quarter 2024 Rescheduled for September 26

LOS ANGELES , Sept. 5, 2024 /PRNewswire/ --  Ispire Technology Inc.  ("Ispire" or the "Company") (NASDAQ: ISPR), an innovator in vaping technology and precision dosing, announced that its management will participate in the following upcoming conferences in September: NECANN New Jersey Cannabis Convention   Ispire will attend NECANN'S New Jersey Cannabis Convention, which is the largest B2B cannabis industry event in NJ that partners with 420NJevents creating new opportunities for license holders, medical dispensaries, suppliers, cultivators, investors, entrepreneurs, and ancillary businesses.

Ispire Technology Inc. Announces Participation in Upcoming Conferences in September

LOS ANGELES , Sept. 4, 2024 /PRNewswire/ --  Ispire Technology Inc.  ("Ispire" or the "Company") (NASDAQ: ISPR), an innovator in vaping technology and precision dosing, announced today that it will host its earnings conference call at 8:00am ET on Thursday, September 12, 2024, to discuss the Company's financial results for its fiscal year and fourth quarter ended June 30, 2024.

Ispire Technologies Inc. Schedules Fiscal Fourth Quarter 2024 Earnings Conference Call

Strategic Partnership Marks Hidden Hills Club Expansion into the Global Nicotine Products Market LOS ANGELES , Aug. 6, 2024 /PRNewswire/ --  Ispire Technology Inc.  ("Ispire" or the "Company") (NASDAQ: ISPR), a leader in the development and commercialization of vaping technology and precision dosing, announced its subsidiary, Aspire North America LLC, signed an exclusive 30-year global licensing agreement with Hidden Hills Club , marking the US-based lifestyle brand's expansion into the global nicotine products market. Under the landmark agreement, Ispire will globally manufacture, distribute and commercialize Hidden Hills' branded nicotine products such as reduced-risk e-cigarettes.

Ispire Technology Inc. Signs Exclusive 30-Year Global Manufacturing and Distribution Agreement with US-Based Lifestyle Brand Hidden Hills Club

LOS ANGELES , June 17, 2024 /PRNewswire/ -- Ispire Technology Inc.  ("Ispire" or the "Company") ( NASDAQ: ISPR ), a leader in the development and commercialization of vaping technology and precision dosing, announced that the Company will participate in the Next Generation Nicotine Delivery USA 2024 Conference, taking place from June 19-20, 2024, at the Hyatt Regency Miami in Miami, Florida. Michael Wang, Co-Chief Executive Officer, will participate in a panel, titled 'Age Verification E-cigarettes,' on Thursday, June 20, 2024, at 10:10 am ET.

Ispire Technology Inc. Announces Participation in the Next Generation Nicotine Delivery USA 2024 Conference

Company Expects to Supply More Than 33 million Units in Fiscal Year 2025 LOS ANGELES , June 4, 2024  /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") ( NASDAQ: ISPR ), a leader in the development and commercialization of vaping technology and precision dosing, announced its wholly-owned subsidiary, Aspire Science and Technology Limited, has secured an original design manufacture (ODM) relationship with a leading global e-cigarette brand (the "Customer"). The Company has begun receiving monthly purchase orders for 3 million units per-month, which are expected to remain consistent over the next 12 months at a value of over $100 million in annual top-line revenue to Ispire.

Ispire Technology, Inc. Secures ODM Relationship with Leading Global E-Cigarette Brand

Company Enters South African Market Supplying Dank Pack with a Comprehensive Suite of Cannabis Vapor Products and Accessories, including Ispire ONE™ LOS ANGELES , May 28, 2024 /PRNewswire/ --  Ispire Technology Inc. ("Ispire" or the "Company") ( NASDAQ: ISPR ), a leader in the development and commercialization of vaping technology and precision dosing, announced an exclusive distribution deal with Dank Pack , South Africa's leading  supplier of cannabis product packaging, accessories, dispensary supplies and production and manufacturing equipment. Under the agreement, Ispire is entering the rapidly-growing South African cannabis market by supplying Dank Pack with a host of vapor products and accessories including: Ispire  ONE ™ products  Ispire  Signature ; Ispire  Signature OVL ; Ispire  Signature NANO ; Ispire Signature LVL ; Ispire  Signature Cartridges ; and Ispire  Batteries.

Ispire Technology Inc. Signs Exclusive Distribution Deal with Dank Pack, South Africa's Leading Supplier of Cannabis Packaging, Accessories, Supplies and Equipment

LOS ANGELES , May 20, 2024 /PRNewswire/ --  Ispire Technology Inc. ("Ispire" or the "Company") ( NASDAQ: ISPR ), a leader in the development and commercialization of vaping technology and precision dosing, announced that Jim McCormick has been appointed Chief Financial Officer. The Company also announced the appointments of: John Patterson as Senior Vice President of International Nicotine; Dennis Lider as Senior Vice President of Cannabis Product Sales; and David Hessler as Senior Vice President of Operations.

Ispire Technology Inc. Names Jim McCormick as CFO; Upgrades Global Executive Leadership to Drive Company's Expansion

Total Revenue Increased 24% year-over-year to $30.0 Million Gross Profit Increased 35% year-over-year to $6.1 Million North American Cannabis Vaping Hardware Revenue Increased 57% year-over-year to $11.9 Million  Closed $12.3 million public offering LOS ANGELES , May 14, 2024 /PRNewswire/ -- Ispire Technology Inc. ( NASDAQ: ISPR ) ("Ispire" or the "Company"), an innovator in vaping technology and precision dosing, today reported results for the fiscal third quarter, which ended March 31, 2024 and filed its quarterly report on Form 10-Q on May 14, 2024. Fiscal Third Quarter 2024 Financial Results Revenue increased 24% to $30.0 million as compared to $24.1 million in the same period of 2023.

Ispire Technology Inc. Reports Fiscal Third Quarter 2024 Financial Results

LOS ANGELES , May 9, 2024 /PRNewswire/ -- Ispire Technology Inc.  ("Ispire" or the "Company") ( NASDAQ: ISPR ), an innovator in vaping technology and precision dosing, announced that its management will participate in the following upcoming conferences: Alternative Products Expo Ispire will attend the Alternative Products Expo, which serves as a platform connecting brands with buyers and distributors across North and South America. The event will take place at the Plaza Mayor Convention Center from May 18-19 in Medellin, Colombia.

Ispire Technology Announces Participation in Upcoming Vapor Conferences

LOS ANGELES , May 8, 2024 /PRNewswire/ -- Ispire Technology Inc. ( NASDAQ: ISPR ) ("Ispire" or the "Company"), an innovator in vaping technology and precision dosing, announced today that it will host its earnings conference call at 8:00 am ET on Wednesday, May 15, 2024, to discuss the Company's financial results for its fiscal third quarter ended March 31, 2024. To attend the conference call, please dial in using the information below.

Ispire Technologies Inc. Schedules Fiscal Third Quarter 2024 Earnings Conference Call

Company to Supply Multi-State Cannabis Operator with Comprehensive Solution to Streamline Vape Production: Ispire ONE™ LOS ANGELES , April 30, 2024 /PRNewswire/ -- Ispire Technology Inc. ( NASDAQ: ISPR ) ("Ispire" or the "Company"), an innovator in vaping technology and precision dosing, announced it has signed an agreement with a subsidiary of  Acreage Holdings, Inc.  ("Acreage"), a publicly traded, vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the United States. Under the agreement, Ispire will supply Acreage with the Company's Ispire ONE ™ vapor products and filling machines – a comprehensive solution that aims to streamline vape production and enhance reliability in Acreage's retail facilities in the United States.

Ispire Technologies Inks Long-Term Agreement with Acreage Holdings, Inc.

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LOS ANGELES, March 26, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR),  a leader in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products, today announced the closing of a public offering of 2,050,000 shares of common stock at a price of $6.00 per share for gross proceeds of $12,300,000, prior to deducting the placement agent fees and offering expenses payable by the Company. Roth Capital Partners acted as the lead placement agent for the offering.

Ispire Technology Announces Closing of $12.3 Million Public Offering

LOS ANGELES , March 22, 2024 /PRNewswire/ --   Ispire Technology Inc. ("Ispire" or the "Company") ( NASDAQ: ISPR ), a leader in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products, today announced the pricing of a public offering of 2,050,000 shares of common stock at a price of $6.00 per share for gross proceeds of $12,300,000, prior to deducting the placement agent fees and expected offering expenses payable by the Company. The closing of the offering is expected to take place on or about March 26, 2024, subject to the satisfaction or waiver of customary closing conditions.

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