NASDAQ$ISPR
Ispire Technology Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a revenue increase driven by North American cannabis vaping hardware sales, alongside a gross profit increase, while facing higher operating expenses and a net loss.
Ispire Technology Inc. reported a 24% increase in revenue to $30.0 million for the fiscal third quarter ended March 31, 2024, driven by a 57% increase in North American cannabis vaping hardware sales. Gross profit increased by 35% to $6.1 million. However, the company reported a net loss of $5.9 million, or $0.11 per share, compared to a net loss of $2.3 million, or $0.05 per share, for the third quarter of fiscal 2023.
- Revenue increased by 24% year-over-year to $30.0 million.
- Gross profit increased by 35% year-over-year to $6.1 million.
- North American cannabis vaping hardware revenue increased by 57% year-over-year to $11.9 million.
- Closed a $12.3 million public offering.
Headline financials
Revenue & EPS history
Ispire · Revenue · Quarterly
$30M
Revenue by segment
Ispire · $20.1M total across 1 segment · Q4 2025
- Vaping Products$20.1M—100.0%
Forward guidance
No specific forward guidance was provided in the press release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q3 2024
-0.2%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-9.1%
Avg return
30 days after
31%
5 / 16 earnings
Positive
+27.2%
Q1 2024
Best reaction
-12.7%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -5.7% | +1.2% | +1.2% | |
| Q2 2026 | +9.5% | +14.4% | -20.9% | |
| Q1 2026 | -9.0% | -11.0% | +26.4% | |
| Q4 2025 | -1.8% | -19.0% | -28.9% | |
| Q3 2025 | -3.7% | +6.6% | -9.5% | |
| Q2 2025 | -8.4% | -6.6% | -14.6% | |
| Q1 2025 | -4.0% | +4.2% | -2.6% | |
| Q4 2024 | +13.4% | +7.6% | +6.7% | |
| Q3 2024 | +5.9% | +20.2% | +18.6% | |
| Q2 2024 | -12.7% | -16.7% | -32.4% | |
| Q1 2024 | +27.2% | +2.1% | -19.9% | |
| Q4 2023 | +7.7% | +6.0% | +0.7% | |
| Q1 2023 | -9.9% | +0.5% | -15.6% | |
| Q4 2022 | -3.9% | -1.7% | -18.2% | |
| Q3 2023 | -3.9% | -1.7% | -18.2% | |
| Q3 2022 | -3.9% | -1.7% | -18.2% | |
| Q2 2023 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2022 | — | — | — |
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