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 ...

Core Points - Ispire Technology Inc. will participate in the Next Generation Nicotine Delivery USA 2024 Conference on June 19-20, 2024, in Miami, Florida [2] - Co-CEO Michael Wang will be part of a panel discussing 'Age Verification E-cigarettes' on June 20, 2024 [2][3] - The conference aims to bring together leaders from the FDA, ENDS, and the tobacco industry to discuss compliance strategies [3] Company Overview - Ispire Technology Inc. specializes in the research, development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products [4] - The company holds or licenses over 400 patents globally and markets its e-cigarette products under the Aspire brand, sold worldwide except in the U.S., China, and Russia [4] - Ispire also engages in original design manufacturing (ODM) relationships with e-cigarette brands and retailers globally, and its cannabis products are marketed under the Ispire brand [4]

Core Viewpoint - Ispire Technology Inc. has established a significant ODM relationship with a leading global e-cigarette brand, expecting to supply over 33 million units in fiscal year 2025, with consistent monthly orders of 3 million units generating over $100 million in annual revenue [1][2]. Group 1: Company Overview - Ispire Technology Inc. specializes in the research, development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products [4]. - The company holds or licenses more than 400 patents worldwide and markets its e-cigarette products under the Aspire name globally, excluding the U.S., People's Republic of China, and Russia [4]. - Ispire also engages in ODM relationships with e-cigarette brands and retailers worldwide, expanding its market presence in cannabis vaping products [4]. Group 2: Financial Expectations - The company anticipates receiving monthly purchase orders for 3 million units, which will contribute to over $100 million in annual top-line revenue [2]. - The first shipment of the orders is scheduled for July 2024, with expectations for significant growth in the relationship over the following years [2]. Group 3: Strategic Insights - The confidence shown by the customer in Ispire's ODM business underscores the company's focus on technology and manufacturing expertise [3]. - The supply agreement reflects Ispire's production scale and quality, reinforcing its position as a global leader in e-cigarette device design and manufacturing [3]. - Entering the international e-cigarette ODM space with a reputable partner solidifies Ispire's global nicotine strategy [3].

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 ...

Exhibit 99.1 Ispire Technology Inc. Reports Fiscal Third Quarter 2024 Financial Results Total Revenue Increased 24% year-over-year to $30.0 Million "Also during the quarter, we successfully closed on a $12.3 million public offering. This additional capital will allow us to help fund our joint venture with our partners and also ramp up our operations at our Malaysian manufacturing facility. This facility will play an important part in our operational and financial performance as it further streamlines our su ...

Total Revenue Increased 24% year-over-year to $30.0 Million Gross Profit Increased 35% year-over-year to $6.1 Million North American Cannabis Vaping Hardware Revenue Increased 57% year-over-year to $11.9 Million Closed $12.3 million public offering LOS ANGELES, May 14, 2024 /PRNewswire/ -- Ispire Technology Inc. (NASDAQ: ISPR) ("Ispire" or the "Company"), an innovator in vaping technology and precision dosing, today reported results for the fiscal third quarter, which ended March 31, 2024 and filed its quar ...

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, 2024 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 ...

LOS ANGELES, May 9, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or the "Company") (NASDAQ: ISPR), an innovator in vaping technology and precision dosing, announced that its management will participate in the following upcoming conferences: Alternative Products Expo Ispire will attend the Alternative Products Expo, which serves as a platform connecting brands with buyers and distributors across North and South America. The event will take place at the Plaza Mayor Convention Center from May 18-19 in ...