Ispire Tech Q3 revenue +24% to $30M, net loss widens to $5.9M

Ispire Technology Inc.

2024-Q3 EPS reported -$0.21 revenue$114,565,244

Revenue $30.0M (+24% YoY); North American cannabis vaping hardware +57% to $11.9M.
Gross profit $6.1M (+35%); gross margin 20.4% vs 18.7% a year ago.
Net loss $5.9M ($0.11 per share) vs net loss $2.3M ($0.05 per share) in Q3 2023.
Closed $12.3M public offering during quarter; cash and equivalents $39.5M at March 31, 2024.
Operating expenses surged 64% to $11.8M on marketing, Malaysia plant ramp, and public company costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ispire Technology Inc. reported fiscal third quarter ended March 31, 2024 results: revenue $30.0 million, net income Net loss of $5.9 million, EPS $0.11 per share.

Period: fiscal third quarter ended March 31, 2024
Revenue: $30.0 million
Net income: Net loss of $5.9 million
EPS: $0.11 per share
Result: reported results

Exact text from the filing

Revenue increased 24% to $30.0 million as compared to $24.1 million in the same period of 2023.

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Source: SEC EDGAR

accession 0001213900-24-043102

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