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Ispire Technology (ISPR) - 2024 Q2 - Quarterly Report
2024-02-20 22:21
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 December 31, 2023 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 | | --- | --- ...
雾麻科技(ISPR.US)2023智通财经策略会
2023-12-07 06:40
Summary of the Conference Call Company Overview - The company is a unique player in the cannabis industry, being the first publicly listed company in the U.S. focused on cannabis vaporization [1] - The company operates in a rapidly growing market, with the U.S. cannabis market valued at $100 billion in 2022, and projected to reach $200 billion by 2027 [1][1] - The company has a strong technological background, with its founder having over a decade of experience in the electronic vaporization industry [1] Market Dynamics - The cannabis vaporization market has a penetration rate of approximately 25%, equating to $25 billion in vaporization products [1] - The company emphasizes the importance of localizing its operations, including R&D, testing, and production, to better meet customer needs and regulatory requirements [1] - The company has established production lines in the U.S. and Malaysia to enhance its gross margin, which is expected to recover to 30%-35% within 16-18 months [1] Legislative Environment - The C4 Banking Act, which would allow cannabis businesses to access banking services, has passed the Senate Finance Committee and is awaiting a full Senate vote [1] - The U.S. Department of Health and Human Services has submitted a report to reclassify cannabis from a Schedule I to a Schedule III controlled substance, which is seen as a significant step towards legalization [1] Financial Performance - The company reported revenues of $115 million in 2023, with $70 million from electronic cigarettes and $40 million from cannabis devices [1] - The company anticipates revenues of $80-$90 million from cannabis products in the fiscal year ending June 30, 2024, with a potential to exceed $100 million based on current trends [1] - The company is expected to achieve profitability in 2024, with projected profits of over $10 million if sales reach $100 million [1] Competitive Advantages - The company holds over 200 patents in the cannabis industry, ensuring a competitive edge in technology and product development [1] - The company has established strong relationships with cannabis brands, allowing for collaborative product development and distribution [1] Risks and Challenges - The company does not operate in the Chinese market due to regulatory constraints and geopolitical risks [1] - The cannabis industry faces challenges related to cash transactions and banking access, which the C4 Banking Act aims to address [1] Conclusion - The company is well-positioned in a growing market with significant potential for expansion and profitability, driven by legislative changes and strong local operations [1]
Ispire Technology (ISPR) - 2024 Q1 - Quarterly Report
2023-11-14 12:00
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 September 30, 2023 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 jurisdiction of inco ...
Ispire Technology (ISPR) - 2023 Q4 - Annual Report
2023-09-19 10:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 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 ...
Ispire Technology (ISPR) - 2023 Q2 - Earnings Call Transcript
2023-09-07 06:10
感谢大家就是因为很荣幸有这个机会参加这个中期的这个这个这个录影那我们呢就是我们的财财务的年度呢是630然后呢我们在下周下周下周四吧然后就是我们会发布我们公司的一个一个年报那我们雾霸科技可能对大家来说是也是比较陌生啊 另外就是我们的电子烟销售是这两块主要的业务我们也是第一支在美股上市的专注于大马物化的这么一家企业 那其实我们也是看到了在美国整个的一个市场上的一个大麻的合法化的一个进程这里面是藏着一个巨大的一个市场给您举几个数据啊就是在这个2022年整个在美国大麻的这个市场是达到了1000亿美元的这么一个体量那其中呢大概是有 随着整个美国政府一直在推动大麻的合法化因为现在介绍一个背景就是现在已经是有23个州就是整个医疗和娱乐大麻已经合法然后是有39个州是属于医疗合法医疗合法就相当于你可以在医疗上面用它的THC 我们公司为什么会选择做这个赛道因为我们公司的前身是在深圳 那本身呢我们电子烟呢也是有自己的品牌叫Ace Fire我们的这个主要市场是在欧洲包括英国啊法国然后等三十多个国家另外呢就是我们从这个上科公司本身来讲跟乌马科技来讲我们大约员工是有差不多一百多人所有的这个员工呢都是在美国 然后就是再简单的给您介绍一下公 ...
Ispire Technology (ISPR) - 2023 Q3 - Quarterly Report
2023-05-15 21:22
OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 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, 2023 Commission file number: 001-41680 Ispire Technology Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizatio ...