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Jun 30, 2024
Ispire Q4 2024 Earnings Report
Reported record revenue year with revenue increasing 31.4% year-over-year and gross profit increasing 43.3% year-over-year.
Key Takeaways
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.
Revenue increased by 31.4% year-over-year to $151.9 million.
Gross profit increased by 43.3% year-over-year to $29.8 million.
Gross margin grew to 19.6%, from 18.0%.
Net loss was ($14.8) million or ($0.27) per share.