Ispire reported a significant year-over-year decline in revenue for fiscal Q2 2026 due to a strategic shift away from lower-quality customers, partially offset by reduced operating expenses and an improved net loss.

Revenue fell sharply year-over-year, driven by weaker sales in North America and Asia Pacific. Gross profit contracted, while operating expenses remained high, leading to a wider net loss. EPS was negative, reflecting continued challenges in scaling operations profitably.

Ispire Technology Inc. experienced a decrease in revenue and an increased net loss for the three months ended March 31, 2025, primarily due to reduced sales of vaping products in North America and Asia Pacific, despite an increase in sales in South America. The company's gross profit margin decreased for the quarter but improved for the nine-month period.

Ispire Technology Inc. reported a decrease in revenue of 8.2% to $39.3 million compared to the same period last year. However, gross profit increased by 13.2% year-over-year to $7.7 million, and gross margins improved to 19.5%. The company reported a net loss of $5.6 million, or $0.10 per share.

Ispire Technology Inc. reported financial results for fiscal year 2024, with revenue increasing by 31.4% year-over-year to $151.9 million and gross profit increasing by 43.3% year-over-year to $29.8 million. The company is strategically focusing on the international nicotine market and has expanded its customer base while improving gross margins. Challenges remain with slow-paying customers in the US cannabis industry due to regulatory and taxation pressures.

Ispire Technology Inc. reported a 24% increase in revenue to $30.0 million for the fiscal third quarter ended March 31, 2024, driven by a 57% increase in North American cannabis vaping hardware sales. Gross profit increased by 35% to $6.1 million. However, the company reported a net loss of $5.9 million, or $0.11 per share, compared to a net loss of $2.3 million, or $0.05 per share, for the third quarter of fiscal 2023.

Ispire Technology Inc. reported a 30% increase in revenue to $41.7 million for the fiscal second quarter ended December 31, 2023. The growth was primarily driven by a 149% increase in North American cannabis vaping hardware sales. The company is focusing on expanding its market presence and strategic initiatives.

Ispire Technology Inc. reported a 59.1% increase in overall revenue to $42.9 million for the fiscal first quarter of 2024. The company's growth was driven by significant increases in cannabis and tobacco vaping product revenues, reflecting successful U.S. market expansion and positive market reception to their products.

Ispire Technology reported a net loss of $1.6 million for Q4 2023, compared to a $2.2 million net loss in Q4 2022. Non-GAAP net profit for Q4 2023 was $0.5 million, compared to a $1.9 million net loss in Q4 2022. Fiscal year 2023 saw a 100.4% increase in cannabis vaping products revenue to $40 million and a 10.9% increase in tobacco vaping products revenue to $75.6 million.