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Mar 31, 2024
Ispire Q3 2024 Earnings Report
Reported a revenue increase driven by North American cannabis vaping hardware sales, alongside a gross profit increase, while facing higher operating expenses and a net loss.
Key Takeaways
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.
Revenue increased by 24% year-over-year to $30.0 million.
Gross profit increased by 35% year-over-year to $6.1 million.
North American cannabis vaping hardware revenue increased by 57% year-over-year to $11.9 million.
Closed a $12.3 million public offering.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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