Ispire Finds Success Straddling U.S.-China Divide. But Are Its Cannabis Dreams Just Hot Air? [Seeking Alpha]
Ispire Technology Inc. (ISPR)
Company Research
Source: Seeking Alpha
Much of the vaping company's growth could come from cannabis hardware sales, which rose 149% in the company's latest quarter, making up nearly half its revenue. In its formal guidance for its 2024 fiscal year through this June, Ispire forecast its cannabis vaping products would generate revenue of $80 million to $90 million, up 100% to 125% from the previous year. When the recently listed Ispire Technology Inc. ( NASDAQ: ISPR ) announced its latest quarterly results on Feb. 20, investors were underwhelmed by its story of the vaping market's big potential. The stock fell by nearly 10% over the next few days despite a 31% revenue increase to $41.7 million for the three months through Dec. 31, the company's second fiscal quarter. But unlike many struggling vaping stocks, Ispire's shares have moved steadily upward since its Nasdaq listing last April, currently trading about 40% above its $7 IPO price. With a strong trailing price-to-sales (P/S) ratio of 3.85, it is even compara
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ISPR
News
- Ispire Technologies Inks Long-Term Agreement with Acreage Holdings, Inc. [Yahoo! Finance]Yahoo! Finance
- Ispire Technologies Inks Long-Term Agreement with Acreage Holdings, Inc.PR Newswire
- Ispire Technology Inc. to Present at the Benzinga Cannabis Capital Conference on April 17, 2024 [Yahoo! Finance]Yahoo! Finance
- Ispire Technology Inc. to Present at the Benzinga Cannabis Capital Conference on April 17, 2024PR Newswire
- Ispire Technology Announces Closing of $12.3 Million Public OfferingPR Newswire
ISPR
Sec Filings
- 4/11/24 - Form 8-K
- 4/8/24 - Form 4
- 4/8/24 - Form 4
- ISPR's page on the SEC website