{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-040365","form_type":"8-K","ticker":"ISPR","cik":"0001948455","company_name":"Ispire Technology Inc.","filed_at":"2023-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.612987+00:00","generated_at":"2026-06-15T00:08:49.675587+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ispire Q3 revenue $24.1M (+27% YoY); net loss widens to $3.1M","bullets":["Revenue $24.1M vs $19.0M YoY (+26.9%); gross profit $4.5M vs $3.0M (+51.9%).","Net loss $3.1M vs $1.0M loss YoY; operating expenses doubled to $8.0M.","Cannabis vaping revenue $7.6M in Q3; Q4 guidance $12M-$15M (+58%-98% seq.).","Cash $24.0M at Mar 31; net IPO proceeds $18.5M from April offering of 3.1M shares at $7.00.","IPO funds allocated: 35% manufacturing, 25% R&D, 20% marketing, 20% working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-040365","json":"https://secwatch.observer/filing/0001213900-23-040365.json","markdown":"https://secwatch.observer/filing/0001213900-23-040365.md","text":"https://secwatch.observer/filing/0001213900-23-040365.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1948455/000121390023040365/0001213900-23-040365-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1948455/000121390023040365/ea178733-8k_ispiretech.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:08:49.675587+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1a91233bb0cd92973459934aba0214b97985c977","claim":"Ispire Technology Inc. reported the third quarter of 2023 (ended March 31, 2023) results: revenue $24.1 million, net income $3.1 million.","evidence_excerpt":"● Revenue increased 26.9% to $24.1 million as compared to $19.0 million in the same period of 2022. Tobacco vaping products contributed $16.5 million and cannabis vaping products contributed $7.6 million to revenue during the third quarter 2023; ● Gross profit increased 51.9% to $4.5 million as compared to $3.0 million in the same period of 2022; ● Gross margin increased to 18.7% as compared to 15.7% in the same period of 2022. ● Total operating expenses increased 106.2% to $8.0 million as compared to $3.9 million in the same period of 2022; and ● Net loss of $3.1 million as compared to net loss of $1.0 million in the same period of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1948455/000121390023040365/0001213900-23-040365-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023 (ended March 31, 2023)"},{"label":"Revenue","value":"$24.1 million"},{"label":"Net income","value":"$3.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f93e0a057ca1446db30bf5effdb3802c20637796","claim":"Ispire Technology Inc. reported the fourth quarter of 2023 (ending June 30, 2023) results: revenue $12 million to $15 million. Guidance initiated.","evidence_excerpt":"Revenue for cannabis vaping products for the fourth quarter is projected at $12 million to $15 million, representing growth of 58% to 98% from the third quarter 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1948455/000121390023040365/0001213900-23-040365-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2023 (ending June 30, 2023)"},{"label":"Revenue","value":"$12 million to $15 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}