Ispire Technology Inc

Earnings data Q3 2023

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Earnings data Q3 2024

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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.

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.

Ispire Technology Announces Pricing of $12.3 Million Public Offering

Newly Formed Joint Venture Among Companies Aims to Pioneer Next-Gen E-Cigarette Age-Verification Technology While Prioritizing Safety, User Experiences and Value-Add Features and Control LOS ANGELES , Feb. 22 2024 /PRNewswire/ -- Ispire Technology Inc.  ("Ispire" or the "Company") (NASDAQ: ISPR), an innovator in vaping technology and precision dosing, announced the Company has partnered with – Touchpoint World Wide Inc. D/B/A Berify ("Berify"), a cutting-edge platform specializing in linking physical products to the digital world, digital engagement, and brand protection, and Chemular International Inc. ("Chemular"), a  multi-disciplinary regulatory consulting firm – to form of a joint venture (the "Joint Venture"). Distinguished as the first of its kind, the Joint Venture will look to expedite innovation in the e-cigarette technology space, including the development of secure, user-friendly solutions for age verification and age-gating nicotine vapor devices.

Ispire, Berify and Chemular to Propel Innovation in Vape Hardware Manufacturing Industry

Ispire Technology Inc. (ISPR) Q4 2023 Earnings Call Transcript

Total Revenue Increased 30.7% to $41.7 Million Gross Profit Increased 24.1% to $6.4 Million North American Cannabis Vaping Hardware Revenue Increased 149% to $19.5 Million   LOS ANGELES , Feb. 20, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, today reported results for the fiscal second quarter, which ended December 31, 2023, and filed its quarterly report on Form 10-Q on February 20, 2024. Fiscal Second Quarter 2024 Financial Results Revenue increased 30.7% to $41.7 million as compared to $31.9 million in the same period of 2023.

Ispire Technology Inc. Reports Financial Results for the Fiscal Second Quarter 2024

LOS ANGELES, Calif. , Feb. 15, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, announced today that it will host its earnings conference call at 8:00am ET on Wednesday, February 21, 2024, to discuss the Company's financial results for its fiscal second quarter ended December 31, 2023.

Ispire Technology Inc. Schedules Fiscal Second Quarter 2024 Earnings Conference Call

State-of-the-Art Facility to Boost Production of Premium Vaporizers, Cartridges, Pod Systems, Disposables and Batteries for Global Vapor Industry LOS ANGELES , Feb. 5, 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 the opening of its new ISO- and GMP-certified 31,000 sq. ft. manufacturing facility in Malaysia, which is poised to help expedite market entry for businesses seeking to enhance their cannabis and nicotine product lines.

Ispire Technology Inc. Announces Opening of New ISO- and GMP-Certified Malaysia Manufacturing Facility

Collaboration Brings Together Ispire's Dual Tank SWTCH ONE with Unique Oils from Hidden Hills and Its "Friends" – Plug 'n Play, Packwoods, Big Chief and LA Traffic LOS ANGELES , Feb. 2, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") ( NASDAQ: ISPR ), a leader in the development and commercialization of vaping technology and precision dosing, and Hidden Hills , one of the leading cannabis brands in the U.S., have teamed up to launch an innovative cannabis and hemp vaping experience for consumers: Hidden Hills & Friends. The Hidden Hills & Friends collaboration marries Ispire's dual-tank SWTCH  ONE with a variety of select cannabis and hemp oils from Hidden Hills and its legendary friends – Plug 'n Play , Packwoods , Big Chief and LA Traffic.

Ispire Technology to Power Hidden Hills Launch of "Hidden Hills & Friends" - A Two-In-One Vapor Experience Featuring Legendary Cannabis and Hemp Producers

Award of Multiple ISO Certifications Are Important Steps in the Company's Global Gross-Margin Expansion Strategy LOS ANGELES , Jan. 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 that its subsidiary, Ispire Malaysia Sdn Bhd, received ISO9001: 2015 Quality Management System, ISO14001: 2015 Environmental Management System, ISO13485: 2016 Quality Management System Medical Device certifications for its 31,000 sq ft manufacturing facility in Malaysia. Ispire is a leader in vaping technology, research and development and design and innovation that is forging the worldwide industry standard for vaporized products.

Ispire Technology Inc. Earns ISO Certifications for its Malaysia Manufacturing Facility

Collaboration with Nigerian Afrobeats Legend to Bring a Suite of High-Tech Vapes and One-of-a-Kind Product Flavors to Consumers LOS ANGELES , Dec. 14, 2023 /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 Aspire North America, LLC ("Aspire"), one of Ispire's operating subsidiaries, has entered a five-year exclusive global manufacturing and distribution agreement (the "Agreement") with a prominent lifestyle brand, BrkFst, a brand co-created by GRAMMY-Award winner Burna Boy and his inner circle of  young entrepreneurs last year, and it has garnered significant community backing. Under the Agreement, Ispire has secured the exclusive rights to distribute and commercialize BrkFst branded high-quality vapor products, including a suite of unique varieties and new flavors.

Aspire North America, LLC Enters Five-Year Exclusive Global Manufacturing and Distribution Agreement with Lifestyle Brand: BrkFst

LOS ANGELES , Nov. 21, 2023 /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 be participating in the 12th annual Marijuana Business Conference and Cannabis Expo ("MJBizCon"), taking place from Tuesday, November 28, 2023 through Friday, December 1, 2023 at the Las Vegas Convention Center. Members of Inspire's senior management team , including Co-Chief Executive Officer Michael Wang, Chief Financial Officer Daniel Machock, Chief Operating Officer Ted Rouhani, Chief Legal Officer Steven Przybyla and Head of Product Greg McNiel, will be hosting meetings during MJBizCon.

Ispire Technology Inc. Announces Participation in the 12th Annual MJBizCon Expo

Overall Revenue Increased 59.1% to $42.9 Million; Gross Profit Increased 43.7% to $6.9 Million. Revenue from cannabis vaping products up 116.8% to $17.3 Million Revenue from tobacco vaping products up 34.8% to $25.5 Million.

Ispire Technology Inc. Reports Financial Results for the Fiscal First Quarter 2024

LOS ANGELES , Nov. 13, 2023 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, announced today that it will host its earnings conference call at 8:00 a.m. ET on Tuesday, November 14, 2023, to discuss the Company's financial results for its fiscal first quarter ended September 30, 2023.

Ispire Technology Inc. Schedules Fiscal First Quarter 2024 Earnings Conference Call

First Collaboration with Global Rapper & Cannabis Icon Snoop Dogg and Dogg Lbs LOS ANGELES , Nov. 9, 2023 /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 Aspire North America, LLC ("Aspire"), one of Ispire's operating subsidiaries, has entered a five-year exclusive manufacturing and global distribution agreements (the "Agreement") with Hempacco Co., Inc. and its affiliate ("Hempacco"), a manufacturer of hemp-based alternatives, cannabinoid smokables and rolling papers and subsidiary of Green Globe International Inc. (OTC: GGII). Under the Agreement, Aspire has agreed to supply, distribute and commercialize Hempacco's branded cannabinoid and nicotine vapor products, namely Dogg Lbs by Snoop Dogg , a rap legend and entertainment icon.

Aspire North America, LLC Enters Five-Year Exclusive Manufacturing and Global Distribution Agreement with Hempacco Co., Inc.

LOS ANGELES , Oct. 2, 2023 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), a leader in vapor technology, is pleased to announce that Chief Financial Officer Daniel Machock will be presenting at the 2023 LD Micro Main Event XVI. The event is set for October 3-5, 2023, at the Luxe Sunset Blvd Hotel in Los Angeles, California.

Ispire Technology Inc.'s CFO Daniel Machock to Present at 2023 LD Micro Main Event XVI

Revenue from cannabis vaping products was up 100.4% to $40 Million. Revenue from tobacco vaping products was up 10.9% to $75.6 Million.

Ispire Technology Inc. Reports Financial Results for the Fiscal Full Year 2023

LOS ANGELES , Sept. 15, 2023 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, announced today that it will host its earnings conference call at 8:00 a.m.

Ispire Technology Inc. Schedules Fiscal Full Year 2023 Earnings Conference Call

NEW YORK , Sept. 11, 2023 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), a leader in vapor technology, is pleased to announce that Co-Chief Executive Michael Wang and Chief Financial Officer Daniel Machock will be in attendance at the H.C.

Ispire Technology Inc.'s Michael Wang and Daniel Machock to Present at H.C. Wainwright 25th Annual Global Investment Conference

LOS ANGELES , Aug. 14, 2023 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, announced today the appointment of Michael Wang as its Co-Chief Executive Officer.  Mr. Wang previously served as Chief Financial Officer.

Ispire Technology Inc. Announces Key Leadership Appointments

LOS ANGELES , July 18, 2023 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, announced today that it will unveil its most recent technology advancement for the cannabis industry, the Ispire ONE™, at the Champs Trade Show, a premier business to business trade expo, in Las Vegas, on July 19 - 22, 2023. The show attracts a diverse range of industry professionals, including smoke and vape shops, dispensaries, glass blowers, online marketers, and cultivation product and service providers worldwide.

Ispire Technology Inc. to Unveil Its Newest Technology Ispire ONE™ at Champs Trade Show 2023

Ispire raised roughly $7.5 million in cash from a recent stock sale. The company also increased sales guidance for its cannabis vaping products.

Why Ispire Stock Is Soaring This Week

Updated Projection of $14 Million to $15 Million, Representing 247% to 271% Year-Over-Year Growth from the Same Period 2022 Previous Projection was $12 Million to $15 Million

Ispire Technology Inc. Increases Fourth Quarter 2023 Revenue Outlook for Cannabis Vaping Hardware

LOS ANGELES, June 26, 2023 (GLOBE NEWSWIRE) -- Ispire Technology Inc. (“Ispire” or “the Company”) (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, announced today that it has raised gross proceeds of approximately $8 million from the private placement of a total of 1,117,420 shares of common stock at a purchase price of $7.1318 per share, which was completed on June 26, 2023.

Ispire Technology Inc. Raises Approximately $8 Million in Private Placement of Common Stock to Support Long-Term Growth Strategy

Revenue Increased 26.9% to $24.1 Million; Gross Profit Increased 51.9% to $4.5 Million; Net Loss of $3.3 Million for the Quarter, up from a $1.0 Million Net Loss in the Third Quarter 2022

Ispire Technology Inc. Reports Financial Results for the Third Quarter 2023

LOS ANGELES, April 25, 2023 (GLOBE NEWSWIRE) -- Ispire Technology Inc. (“Ispire” or “the Company”) (NASDAQ: ISPR), a leader for vapor technology, providing high-quality, innovative products with first-class performance, today announced that the underwriters of its recently completed initial public offering of common stock have fully exercised their option to purchase an additional 405,000 shares of common stock to cover over-allotments at the initial public offering price of $7.00 per share, less underwriting commission and non-accountable expenses. The sale of the additional shares was completed on April 25, 2023.

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