other material
confidence high
sentiment positive
materiality 0.75
Ispire guides FY2024 cannabis revenue $80-90M, tobacco $95-105M; non-GAAP Q4 profit
Ispire Technology Inc.
- FY2024 cannabis revenue guidance of $80-90M (100-125% YoY growth); tobacco $95-105M (25-40% growth).
- FY2023 total revenue $115.6M ($40M cannabis, $75.6M tobacco); gross profit $21M (18.2% margin).
- Non-GAAP net income of $476K in Q4 FY2023 vs non-GAAP net loss of $1.9M in Q4 FY2022.
- Cash decreased to $40.3M at June 30, 2023, from $74.4M a year earlier.