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Core Viewpoint - Ispire Technology Inc. has announced a stock repurchase program authorizing the repurchase of up to $10 million of its common stock over the next 24 months, reflecting confidence in the company's growth and strategic investments [1][2]. Company Overview - Ispire Technology Inc. is engaged in the research, development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products, owning or licensing over 400 patents worldwide [3]. - The company's e-cigarette products are marketed under the Aspire name and sold globally, excluding the U.S., People's Republic of China, and Russia, primarily through a global distribution network [3]. - Ispire also engages in original design manufacturing (ODM) relationships with e-cigarette brands and retailers worldwide, and its cannabis products are marketed under the Ispire brand name [3]. Stock Repurchase Program Details - The stock repurchase program allows the company to repurchase shares through open market transactions, accelerated share buyback programs, tender offers, privately negotiated transactions, or other means [2]. - The timing and amount of repurchase transactions will be determined by the company's board based on market conditions, share price, legal requirements, and other factors [2]. - The program does not have a set expiration date and may be suspended, modified, or discontinued at any time without prior notice [2].

Core Insights - Ispire Technology Inc. has successfully launched its BrkFst nicotine products in South Africa and Nigeria, marking its first international nicotine license arrangement and product launch [1][4] - The initial market response has been positive, with BrkFst products available in over 500 retail locations, including major chains [2] - Ispire plans to expand its retail presence in Africa to over 2,000 stores within the next six months, partnering with additional major retailers [3] Company Strategy - The launch of BrkFst in Africa is a significant milestone for Ispire, showcasing its ability to execute on its international expansion strategy [4] - The company aims to replicate its success in other markets through partnerships with local brands and comprehensive market rollouts [4] - Ispire's local brand partners are actively engaging consumers and retailers through daily activation events in major metropolitan areas [3] Product and Market Presence - BrkFst is co-created by GRAMMY-Award winner Burna Boy, aiming to redefine the nicotine product market in South Africa and Nigeria [1] - The company is involved in the research, development, and commercialization of branded e-cigarettes and cannabis vaping products, holding over 400 patents worldwide [5] - Ispire's products are marketed under the Aspire name and are sold globally, excluding the U.S., People's Republic of China, and Russia [5]

Core Insights - Ispire Technology Inc. will participate in the 13th annual Marijuana Business Conference and Cannabis Expo (MJBizCon) from December 3 to December 6, 2024, in Las Vegas [1] - The company's senior management team, including President Ted Rouhani and CFO Jim McCormick, will host meetings during the conference, with Head of Impact Luna Stower speaking on a panel about influencer marketing [2] - Ispire will showcase its innovative vaping pod system and "I-80" vapor device filling machine at booth 8218 during the event [3] Company Overview - Ispire Technology Inc. focuses on the research, development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products, holding over 400 patents worldwide [4] - The company's e-cigarette products are marketed under the Aspire name and are distributed globally, excluding the U.S., People's Republic of China, and Russia [4] - Ispire's cannabis products are marketed under the Ispire brand primarily through original design manufacture (ODM) relationships, with sales in the U.S., Europe, South Africa, and recent expansions into Canada and Latin America [4]

Earnings Performance - Ispire Technology Inc reported a quarterly loss of $010 per share, in line with the Zacks Consensus Estimate, compared to a loss of $003 per share a year ago [1] - The company posted revenues of $3934 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1373%, compared to year-ago revenues of $4287 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates once and revenue estimates once [1][2] Stock Performance and Market Comparison - Ispire Technology Inc shares have lost about 484% since the beginning of the year, while the S&P 500 has gained 257% [3] - The company has underperformed the market so far this year [4] Earnings Outlook and Estimate Revisions - The current consensus EPS estimate is -$009 on $579 million in revenues for the coming quarter and -$021 on $2455 million in revenues for the current fiscal year [7] - The estimate revisions trend for Ispire Technology Inc is unfavorable, translating into a Zacks Rank 4 (Sell) [6] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5] Industry Context - Ispire Technology Inc belongs to the Zacks Technology Services industry, which is currently in the top 26% of the 250 plus Zacks industries [8] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8] Peer Comparison - Marathon Digital Holdings Inc, another company in the same industry, is expected to post a quarterly loss of $038 per share, representing a year-over-year change of -660% [9] - Marathon Digital Holdings Inc's revenues are expected to be $14814 million, up 514% from the year-ago quarter [10]

LOS ANGELES, Nov. 7, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), an innovator in vaping technology and precision dosing, announced today that it will host its earnings conference call at 8:00am ET on Tuesday, November 12, 2024, to discuss the Company's financial results for its fiscal first quarter ended September 30, 2024.To attend the conference call, please dial in using the information below. When prompted upon dialing-in, please ask for the "Ispire Technology ...

SOURCE Ispire Technology Inc. LOS ANGELES, June 17, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), a leader in the development and commercialization of vaping technology and precision dosing, announced that the Company will participate in the Next Generation Nicotine Delivery USA 2024 Conference, taking place from June 19-20, 2024, at the Hyatt Regency Miami in Miami, Florida. Michael Wang, Co-Chief Executive Officer, will participate in a panel, titled 'Age Verifica ...

Company Expects to Supply More Than 33 million Units in Fiscal Year 2025 LOS ANGELES, June 4, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), a leader in the development and commercialization of vaping technology and precision dosing, announced its wholly-owned subsidiary, Aspire Science and Technology Limited, has secured an original design manufacture (ODM) relationship with a leading global e-cigarette brand (the "Customer"). The Company has begun receiving monthly ...

LOS ANGELES, May 30, 2024 (GLOBE NEWSWIRE) -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ:ISPR), a leader in the development and commercialization of vaping technology and precision dosing, that Michael Wang, Ispire's Co-Chief Executive Officer will participate in a live fireside chat with Scott Fortune, Sell-Side Analyst from Roth MKM at KCSA Cannabis Virtual Investor Conference hosted by VirtualInvestorConferences.com and co-sponsored by KCSA Strategic Communications, on June 5th. DATE: Jun ...

Company Enters South African Market Supplying Dank Pack with a Comprehensive Suite of Cannabis Vapor Products and Accessories, including Ispire ONE™ LOS ANGELES, May 28, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), a leader in the development and commercialization of vaping technology and precision dosing, announced an exclusive distribution deal with Dank Pack, South Africa's leading supplier of cannabis product packaging, accessories, dispensary supplies and prod ...