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Stock impact report

Ispire Technology Inc. Reports Financial Results for the Fiscal Second Quarter 2024

Ispire Technology Inc. (ISPR) 
Company Research Source: PR Newswire
Total Revenue Increased 30.7% to $41.7 MillionGross Profit Increased 24.1% to $6.4 MillionNorth American Cannabis Vaping Hardware Revenue Increased 149% to $19.5 Million  LOS ANGELES, Feb. 20, 2024 /PRNewswire/ -- Ispire Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a leader in vapor technology, providing high-quality, innovative products with first-class performance, today reported results for the fiscal second quarter, which ended December 31, 2023, and filed its quarterly report on Form 10-Q on February 20, 2024.Fiscal Second Quarter 2024 Financial ResultsRevenue increased 30.7% to $41.7 million as compared to $31.9 million in the same period of 2023. Tobacco vaping products contributed $22.1 million and cannabis vaping products contributed $19.5 million to revenue during the fiscal second quarter 2024;Gross profit increased 24.1% to $6.4 million as compared to $5.1 million in the same period of 2023;Gross margin decreased to 15.3% as compared to 16.1% in the same per Show less Read more
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