Ispire Technology Inc. Common Stock

Ispire Technology reported quarterly revenue of $26.7 million for the quarter ended June 30, 2026, up 33% from $20.1 million a year earlier and 43% from $18.7 million in the prior quarter, though the company still posted a $13.8 million net loss. Gross profit was $1.7 million at a 6.3% margin, down from $2.5 million and 12.3% a year earlier, a decline Chief Financial Officer Jay Yu attributed to an inventory impairment recognized during the quarter. Operating expenses excluding credit losses fell 28.6% to $6 million, while credit losses of $9.2 million were down about 6.2% year over year, and adjusted EBITDA loss improved to $2.3 million from $4.4 million. For the full fiscal year, revenue fell to $96 million from $127.5 million, gross margin declined to 12.8% from 17.8%, and net loss improved to $33.2 million from $39.2 million, with cash ending the year at $19.3 million. President Steven Przybyla called the period an important inflection point and said Malaysia is central to fiscal 2027, with the company holding nicotine manufacturing licenses for vapor products and nicotine pouches and expecting its first full fiscal year of production at company-owned Malaysian facilities, where a second factory can accommodate up to 73 production lines. Ispire also said it is pursuing commercialization of its IKE age-gating and product-authentication platform, including potential pilots with authorized nicotine-device companies, and sees a possible liquidity event involving IKE during fiscal 2027, while cautioning that planned payments for the Malaysia facility could delay cash-flow positivity.