Ispire Technology Inc. is a company specializing in innovative solutions for the cannabis industry, focusing primarily on the development and distribution of advanced vaping products and devices
The company aims to enhance the consumer experience by integrating cutting-edge technology and high-quality materials into its product offerings. Ispire is committed to establishing a strong presence in the market through its dedication to product safety, efficiency, and user satisfaction, catering to an expanding audience of cannabis consumers looking for reliable and enjoyable methods of consumption.
Join Women Grow Leadership Summit 2025 for 2 days of networking, advocacy and business opportunities in cannabis ft. Brittney Griner, Ricky Williams, etc.
Key Takeaways: RLX’s third quarter revenue rose 52%, as its gross margin rose more than 3 percentage points to 27.2% following a regulatory crackdown in 2021 A year after expanding beyond its China base, international business accounted for more than half of the vaping company’s revenues in the third quarter
Ispire Technology Inc. (NASDAQ: ISPR), a company with a focus on innovations in vaping technology and precision dosing, reported on Monday first quarter 2025 results for the period ended on Sept. 30, 2024. Revenue totaled $39.3 million, representing a decrease of 8.2% year-over-year to $42.9 million due to lower U.S. product sales (by $8.1 million year-over-year), partially offset by growth in Europe and other regions (notably South Africa). Gross profit increased by 13.2% to $7.7 million from $6.8 million, with gross margin improving to 19.5% from 16%, driven by a shift toward higher-margin products. Net loss amounted to $5.6 million ($0.10 per share), compared to a net loss of $1.3 million ($0.02 per share) in the prior year's period.
Ispire Technology Inc. (NASDAQ: ISPR) will host its earnings conference call at 8:00 am Eastern Time on Tuesday, Nov. 12, 2024, to discuss the company's financial results for its fiscal first quarter ended Sept. 30, 2024. Gold Flora will report financial results for the third quarter ended Sept. 30, 2024, on Thursday, Nov. 14, 2024.Vext will release its financial results for the third quarter ends Sept. 30, 2024, before the market opens on Nov. 21.
"Cannabis vaping is very different from nicotine vaping; it should be subject to different rules and restrictions." That's according to Steven Przybyia, chief legal officer at Ispire Technology Inc. (NASDAQ: ISPR), who joined three other experts on the stage at the Marriott Magnificent Mile in Chicago last week. Yet, he thinks applying nicotine industry technologies to cannabis for enhanced safety measures, including age-gating technology, is a viable option. During Benzinga Cannabis Capital Conference's panel moderated by Shauntel Ludwig, CEO of Synergy Innovation, experts provided an overview of current trends and innovations in the cannabis vaporization space. Tim Conder, CEO of TILT Holdings Inc. (OTC: TLLTF), Alex Kwon, CEO and founder of ACTIVE, formerly Advanced Vapor Devices and Nicholas Kovacevich, strategic advisor at CCELL also joined the panel titled Vape Innovation Masterclass: Cost-Effective, Quality Tech for a Global Market.
Ispire Technology Inc. (NASDAQ: ISPR) announced on Thursday that the financial results for the fiscal year 2024 ended on June 30, 2024."Fiscal year 2024 was a foundational year for Ispire, marked by record revenue and substantial margin expansion while strategically positioning us for faster growth in our global nicotine business and intentionally focusing our cannabis vaping hardware on high-quality multi-state operator (MSO) customers," Michael Wang, the company's co-chief executive officer, said.CEO Wang told Beniznga earlier that "vaping will become the number one way for using cannabis within the next 2 or 3 years."
Benzinga, a rapidly expanding financial news platform, is gearing up for its next Cannabis Market Spotlight event and Canna Founders Pitch Competition. The event, scheduled for
Company invites individual and institutional investors, as well as advisors and analysts, to attend in person or online at VirtualInvestorConferences.com
