other material
confidence high
sentiment positive
materiality 0.50
Ispire Technology reports $114M revenue through Q3 FY2024; cash $39.4M, debt $0.0M; equity raise $12.3M
Ispire Technology Inc.
- Revenue $114M through Q3 ending March 31, 2024; cannabis 39.8%, tobacco 60.2%.
- Cash and cash equivalents $39.4M, zero debt as of March 31, 2024.
- Completed $12.3M common stock equity raise during Q3 FY2024.
- Ispire Malaysia Phase 1 production began February 2024; first units sold March 2024.
- Entered joint venture with Berify and Chemular for age-verification tech; signed supply agreement with Acreage Holdings.