---
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"
generated_at: "2026-06-15T00:08:49.675587+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ispire Q3 revenue $24.1M (+27% YoY); net loss widens to $3.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-040365
- JSON: https://secwatch.observer/filing/0001213900-23-040365.json
- Plain text: https://secwatch.observer/filing/0001213900-23-040365.txt

## Key facts
- Earnings Releases
  Ispire Technology Inc. reported the third quarter of 2023 (ended March 31, 2023) results: revenue $24.1 million, net income $3.1 million.
  - Period: the third quarter of 2023 (ended March 31, 2023)
  - Revenue: $24.1 million
  - Net income: $3.1 million
  - Result: reported results
  source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/1948455/000121390023040365/0001213900-23-040365-index.htm
- Earnings Releases
  Ispire Technology Inc. reported the fourth quarter of 2023 (ending June 30, 2023) results: revenue $12 million to $15 million. Guidance initiated.
  - Period: the fourth quarter of 2023 (ending June 30, 2023)
  - Revenue: $12 million to $15 million
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1948455/000121390023040365/0001213900-23-040365-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.