Interim License Approved in May, with Authority to Begin Manufacturing of Nicotine Products in Malaysia ImmediatelyLOS ANGELES, May 22, 2025 /PRNewswire/ -- Ispire Technology Inc. (NASDAQ: ISPR) ("Ispire," the "Company," "we," "us," or "our"), an innovator in vaping technology and precision dosing, today announced it has received the interim license from the Malaysian Government for the manufacturing of nicotine products. This is the first and only nicotine manufacturing license issued in Malaysia approved ...

Jie "Jay" Yu has a strong track record of excellence in public company accounting, and has served in the role of Vice President of Finance for Ispire since June 2023Ispire also further streamlines operations by cutting an estimated $3.6 million in annual payroll in May 2025Ispire expects to also cut up to an additional $6.6 million in annual operating expenses over the next three months, for a total estimated annualized expense reduction of $10.2 million LOS ANGELES, May 15, 2025 /PRNewswire/ -- Ispire Tech ...

Ispire Technology (ISPR) Q3 2025 Earnings Call May 12, 2025 08:00 AM ET Speaker0 and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the iSpire Technology Third Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. I would now like to turn the conference over to Philip Carlson from KCSA. ...

Ispire Technology Inc. Reports Financial Results for Fiscal Third Quarter 2025 Accounts Receivable Decreased from $67.7M to $60.4M Improving Company Financial Position Post-Quarter End, IKE Tech Filed PMTA with the FDA for its Age-Gating Joint Venture Component with IKE Launched Sprout in Collaboration with Raw Garden, an Advanced All-In-One Cannabis Vapor Device Ensuring Purity and Safety LOS ANGELES, May 12, 2025 – Ispire Technology Inc. (NASDAQ: ISPR) ("Ispire," the "Company," "we," "us," or "our"), an i ...

Group 1: Earnings Performance - Ispire Technology Inc. reported a quarterly loss of $0.19 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.12, and compared to a loss of $0.11 per share a year ago, indicating an earnings surprise of -58.33% [1] - The company posted revenues of $26.19 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 17.64%, and down from $30.02 million in the same quarter last year [2] - Over the last four quarters, Ispire Technology has surpassed consensus EPS estimates only once [2] Group 2: Stock Performance and Outlook - Ispire Technology shares have declined approximately 42.4% since the beginning of the year, contrasting with the S&P 500's decline of -3.7% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $45.2 million, and for the current fiscal year, it is -$0.44 on revenues of $158.2 million [7] - The estimate revisions trend for Ispire Technology is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Technology Services industry, to which Ispire Technology belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number: 001-41680 Ispire Technology Inc. (Exact name of registrant as specified in its charter) Delaware 93-1869878 (State or other juris ...

Core Viewpoint - Ispire Technology Inc. will host an earnings conference call on May 12, 2025, to discuss its financial results for the fiscal third quarter ended March 31, 2025 [1]. Company Overview - Ispire Technology Inc. is involved in the research, development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products [3]. - The company holds or licenses over 200 patents globally [3]. - Ispire's tobacco products are marketed under the Aspire brand and are sold worldwide, excluding the U.S., People's Republic of China, and Russia [3]. - The cannabis products are marketed under the Ispire brand primarily on an ODM basis to other cannabis vapor companies, with sales of cannabis vaping hardware limited to the U.S. and recent marketing activities initiated in Canada and Europe [3]. Conference Call Details - The earnings conference call is scheduled for May 12, 2025, at 8:00 AM ET [5]. - Participants can join the call by dialing North America 888-880-3330 or International +1 646-357-8766 [5]. - A playback of the call will be available until May 15, 2025, at midnight ET [2].

Core Insights - Ispire Technology Inc. has announced a strategic investment in IKE Tech LLC, focusing on regulatory readiness and youth prevention in the vaping industry [1][3] - IKE Tech has filed a Pre-Market Tobacco Product Application (PMTA) with the FDA for a Bluetooth Low Energy (BLE) System-on-a-Chip, marking a significant advancement in age-verification technology for vaping devices [1][2] Company Developments - The PMTA submission is the first of its kind for a standalone, blockchain-enabled age-verification component, which requires continuous verification for device access, enhancing security against underage vaping [2][3] - Ispire will benefit from both commercial sales of the component and the rights to integrate the technology into its own devices, positioning the company for regulatory-compliant innovation and new revenue opportunities [3][4] - The technology achieved 100% effectiveness in preventing device activation by underage users and 100% accuracy in demographic verification, with user error rates below 1% [7] Industry Impact - The submission aims to set a new standard for youth prevention and device security, potentially enabling expanded regulatory pathways for flavored vaping products, which is crucial for providing adult smokers with more choices while protecting youth [2][4] - The collaboration between Ispire and IKE Tech is expected to open global regulatory and commercial opportunities, aligning with the highest public health standards [4][5]

Core Insights - The article discusses the successful results of a Human Factors Validation Study conducted by IKE Tech LLC, which confirms the effectiveness of its biometric BLE Bluetooth chip and blockchain-based application in preventing underage access to electronic nicotine delivery systems (ENDS) [1][2][3] Company Overview - IKE Tech LLC is a joint venture involving Ispire Technology Inc., Berify, and Chemular, focusing on innovative solutions for age verification and biometric authentication in consumer goods [3][8] - Ispire Technology Inc. is engaged in the research, development, and commercialization of branded e-cigarettes and cannabis vaping products, holding over 200 patents globally [9] - Berify specializes in linking physical products to the digital world, offering security and engagement solutions for brands [10] - Chemular provides regulatory consulting and project management services in the tobacco space, having submitted PMTAs for over 200 products [11] Study Findings - The study involved over 100 participants, achieving 100% success in age verification, with no underage individuals able to access the ENDS device [5][7] - The IKE System demonstrated high efficacy in reducing user error, with only 1% of task attempts resulting in errors, and 91% of users rated the app as "Extremely Easy" or "Very Easy" to use [6][7] - The platform includes customizable features such as geofencing and real-time messaging, designed for integration across various ENDS devices [6] Future Implications - The findings suggest a paradigm shift in regulatory frameworks for ENDS, providing powerful tools for the FDA and manufacturers to enhance public health and ensure adult-only access [3][4] - The technology aims to empower better public health outcomes and support evolving FDA standards, indicating a commitment to advancing intelligent hardware solutions [4][8]

Core Viewpoint - Ispire Technology Inc. has launched the Sprout™, an advanced all-in-one cannabis vapor device, in partnership with Raw Garden, aiming to set a new standard in the cannabis vape industry by enhancing purity, performance, and safety [1][2][3] Product Features - The Sprout™ is constructed with PA12, a terpene-safe material that maintains cannabis purity and provides a clean vaping experience [2][7] - It includes an anti-clog overflow chamber to ensure smooth airflow and prevent blockages [7] - The device offers three heat modes (Low: 2.0V, Medium: 2.3V, High: 2.6V) for a customizable vaping experience [7] - It is USB-C rechargeable, ensuring no oil is wasted [7] - The compact design (1.5" x 2.25") makes it portable and discreet [7] - Available formulations include Black Label™ Live Sauce for maximum flavor and Green Label™ Refined Live Resin for high potency [7] Collaboration and Commitment - The year-long collaboration between Ispire and Raw Garden emphasizes a shared commitment to innovation and consumer safety [3][4] - Both companies have meticulously engineered every component of the Sprout™ to enhance the integrity of the cannabis experience [3][4] - Ispire aims to redefine vape quality across the industry and encourages other brands to adopt safer materials and improved technology [5] Company Background - Ispire Technology Inc. specializes in the research, development, and commercialization of branded e-cigarettes and cannabis vaping products, holding over 400 patents worldwide [6] - The company markets its cannabis products primarily on an ODM basis to other cannabis vapor companies and has a global distribution network [6] - Raw Garden has been a leading producer of clean cannabis in California for over fifteen years, using organically-based and Clean Green-certified farming techniques [8]