secwatch.observer — SEC 8-K summary
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Issuer:     Ispire Technology Inc. (ISPR)
CIK:        0001948455
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001213900-24-015398
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ispire Q2 revenue $41.7M (+30.7%), net loss $4.0M vs -$0.1M YoY; cannabis vaping sales +149%
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- Cannabis vaping hardware revenue surged 149% to $19.5M; tobacco vaping was $22.1M.
- Gross profit rose 24.1% to $6.4M; gross margin slipped to 15.3% from 16.1%.
- Net loss of $4.0M ($0.07 per share) vs net loss of $0.1M ($0.01 per share) a year ago.
- FY 2024 outlook: cannabis vaping revenue $80-90M (100-125% growth); tobacco $95-105M (33-47% growth).
- Cash & equivalents $17.5M; working capital $24.8M as of Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1948455/000121390024015398/0001213900-24-015398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1948455/000121390024015398/ea0200298-8k_ispire.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-015398

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