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Jun 30, 2023
Ispire Q4 2023 Earnings Report
Ispire Technology Inc. reported financial results for the fiscal full year 2023.
Key Takeaways
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.
Cannabis vaping products revenue increased by 100.4% in fiscal year 2023.
Tobacco vaping products revenue increased by 10.9% in fiscal year 2023.
Overall revenue increased by 31.2% in fiscal year 2023.
The company anticipates continued growth in cannabis and tobacco vaping products for fiscal year 2024.
Ispire
Ispire
Forward Guidance
Ispire projects continued growth in cannabis and tobacco vaping products revenue for fiscal year 2024.
Positive Outlook
- Cannabis vaping products revenue is projected to increase between 100% and 125%.
- Tobacco vaping products revenue is projected to increase between 25% and 40%.