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Ispire Technology, Inc.
(NASDAQ:ISPR)
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Rating:44Neutral
Price Target:
$1.00
▼(-31.97% Downside)
Action:Reiterated
Date:09/23/26
ISPR scores low primarily due to weak financial performance (persistent losses, negative equity, and ongoing cash burn), reinforced by bearish technical signals (below key moving averages with negative MACD). The earnings call adds some offset from improving quarterly momentum and Malaysia/IKE catalysts, but lack of revenue guidance, margin pressure, and continued losses keep the overall score restrained.
Positive Factors
Malaysia manufacturing expansion
Licensed, company-owned Malaysian production expands Ispire’s manufacturing footprint and supports vapor and nicotine-pouch growth. Completed pilots, initial orders, and reorders provide early evidence that the new capacity can translate into customer adoption and broader B2B utilization.
Negative Factors
Persistent losses and margin deterioration
Large continuing losses and sharply lower gross margins show that revenue has not yet translated into durable earnings power. Weak profitability limits internally generated investment capacity and leaves results vulnerable to product mix, inventory provisions, and operating-cost fluctuations.
Read all positive and negative factors
Positive Factors
Negative Factors
Malaysia manufacturing expansion
Licensed, company-owned Malaysian production expands Ispire’s manufacturing footprint and supports vapor and nicotine-pouch growth. Completed pilots, initial orders, and reorders provide early evidence that the new capacity can translate into customer adoption and broader B2B utilization.
Read all positive factors
Ispire Technology, Inc. Key Performance Indicators (KPIs)
Any
Revenue By Geography
Breaks down revenue across different regions, highlighting where Ispire Technology, Inc. is performing well and identifying areas with potential risks or opportunities for growth based on local market dynamics.
Breaks down revenue across different regions, highlighting where Ispire Technology, Inc. is performing well and identifying areas with potential risks or opportunities for growth based on local market dynamics.
Data provided by:
The Fly
The FlyIspire Technology, Inc. (ISPR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$75.08M
Dividend YieldN/A
Average Volume (3M)23.13K
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue Growth-24.69%
EPS Growth16.08%
CountryUS
Employees88
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)-0.59
Shares Outstanding57,754,470
10 Day Avg. Volume35,469
30 Day Avg. Volume23,127
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)>-0.01
Price to Sales (P/S)0.67
P/FCF Ratio-0.07
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$3.50Price Target Upside138.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)$82.36M
Ispire Technology, Inc. Business Overview & Revenue Model
Company Description
Ispire Technology Inc. is a company that specializes in the production of electronic cigarettes and cannabis-related vaping devices. Established in 2019, its primary operational base is located in Los Angeles, California. The firm operates as a su...
How the Company Makes Money
ISPIRE generates revenue primarily from selling inhalation hardware and related products. Key revenue streams typically include: (1) B2C/brand product sales: sales of the company’s branded vaping devices and consumables through retail and distribu...
Ispire Technology, Inc. Earnings Call Summary
Earnings Call Date:Sep 16, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Positive
The call was predominantly optimistic, with management emphasizing the turnaround, strong fourth-quarter revenue growth, sharply lower operating expenses, improved adjusted EBITDA and operating cash flow, new Malaysia production licenses, customer reorders, and expanding IKE and G-Mesh opportunities. The main challenges were the full-year revenue decline, significantly lower gross margin, continuing net losses, remaining receivables cleanup, cash below the prior year, planned Malaysia payments, and regulatory and commercial opportunities that are still developing.Positive Updates
Fourth-Quarter Revenue Rebound
Fourth-quarter revenue was $26.7 million, up 33% year-over-year and 43% sequentially from $18.7 million in the prior quarter. Management attributed the increase to improving demand across the business and increased production activity.
Negative Updates
Full-Year Revenue Decline
Fiscal 2026 revenue was $96 million compared with $127.5 million in the prior fiscal year. Management said the decline was primarily driven by lower cannabis vaping hardware sales in the U.S., lower vaping product sales in Europe, and a modest decline in the Asia Pacific business excluding China.
Read all updates
Q4-2026 Updates
Positive
Negative
Fourth-Quarter Revenue Rebound
Fourth-quarter revenue was $26.7 million, up 33% year-over-year and 43% sequentially from $18.7 million in the prior quarter. Management attributed the increase to improving demand across the business and increased production activity.
Read all positive updates
Company Guidance
Management did not provide a revenue forecast, saying, “we don't want to forecast at this point”; it expects remaining legacy account receivable write-offs to be “substantially addressed during fiscal 2027” with “little or no carryover into the following years,” “several” Malaysia opportunities to mature into commercial agreements during fiscal 2027, IKE 2.0 to launch “this fall,” and a potential “significant liquidity event involving IKE during fiscal 2027.” Management said it has “perhaps 1 or 2 players” on a supplemental PMTA pathway, with more to report in “a couple of weeks or months,” expects “the next several months” to bring “some really good results” on its PMTA process, and expects Malaysia orders to mature over “the next 2 quarters,” with “a lot better insight” into total year run rate after “the next 3 to 6 months.” The second Malaysia factory can fit “up to 73 lines,” with capacity “in the hundreds of millions,” while significant payments for the facility may make it difficult to provide a specific time line for achieving cash flow positive.Ispire Technology, Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
16
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 96.01M | 127.49M | 151.91M | 115.61M | 88.10M |
| Gross Profit | 12.30M | 22.65M | 29.78M | 20.78M | 13.31M |
| EBITDA | -29.84M | -35.76M | -11.76M | -3.68M | -656.48K |
| Net Income | -33.20B | -39.24M | -14.77M | -6.00M | -1.87M |
Balance Sheet | |||||
| Total Assets | 64.28M | 102.22M | 122.64M | 90.40M | 100.74M |
| Cash, Cash Equivalents and Short-Term Investments | 19.33B | 24.35M | 35.07M | 49.43M | 74.48M |
| Total Debt | 4.14M | 7.06M | 3.40M | 3.91M | 347.54K |
| Total Liabilities | 93.52M | 101.61M | 88.18M | 58.93M | 88.97M |
| Stockholders Equity | -29.25B | 604.69K | 34.46M | 31.47M | 11.77M |
Cash Flow | |||||
| Free Cash Flow | -875.37M | -8.47M | -21.45M | -8.60M | -7.68M |
| Operating Cash Flow | -569.42M | -7.37M | -18.30M | -7.58M | -7.56M |
| Investing Cash Flow | -3.08B | -5.20M | 2.99M | -10.15M | -121.52K |
| Financing Cash Flow | -1.32B | 1.85M | 10.08M | -16.44M | -3.09M |
Ispire Technology, Inc. Technical Analysis
Negative
1.47
Price Trends
1.49
Negative
1.59
Negative
1.98
Negative
Market Momentum
-0.06
Positive
41.99
Neutral
33.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ISPR, the sentiment is Negative. The current price of 1.47 is above the 20-day moving average (MA) of 1.39, below the 50-day MA of 1.49, and below the 200-day MA of 1.98, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 41.99 is Neutral, neither overbought nor oversold. The STOCH value of 33.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ISPR.
Ispire Technology, Inc. Risk Analysis
Ispire Technology, Inc. disclosed 47 risk factors in its most recent earnings report. Ispire Technology, Inc. reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ispire Technology, Inc. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | $1.20B | 24.67 | 11.93% | 0.54% | 20.10% | -3.19% | |
47 Neutral | $1.04B | 54.99 | 1.33% | 7.87% | -3.04% | -81.53% | |
44 Neutral | $75.08M | -2.18 | 453.73% | ― | -24.69% | 16.08% | |
44 Neutral | $1.98M | -0.02 | -314.86% | ― | -66.96% | 99.54% | |
42 Neutral | $464.94K | -0.04 | -9999.00% | ― | -75.31% | -17.46% | |
40 Underperform | $572.48K | >-0.01 | -20.47% | ― | -27.44% | 99.95% |
* Consumer Defensive Sector Average
ISPR
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Ispire Technology, Inc. Corporate Events
Business Operations and StrategyFinancial Disclosures
Ispire Highlights Revenue Growth, Cost Control in Investor Update
Positive
Sep 23, 2026
On September 22, 2026, Ispire Technology Inc. published an updated investor presentation detailing its position as a major player in the global e-cigarette market, supported by a Malaysia-based manufacturing footprint and a portfolio of more than ...
Business Operations and StrategyFinancial Disclosures
Ispire Technology Marks Turnaround With Strong Q4 Growth
Positive
Sep 17, 2026
On Sept. 15, 2026, Ispire Technology reported fourth-quarter revenue of $26.7 million, up 33% year over year and 43% sequentially, marking what management called an inflection point in a turnaround that began more than a year earlier. Despite gros...
Business Operations and StrategyExecutive/Board Changes
Ispire Technology Names Steven Przybyla as President
Positive
Aug 17, 2026
On August 11, 2026, Ispire Technology Inc. appointed Chief Legal Officer and Secretary Steven Przybyla as president, with the move announced publicly on August 17, 2026. Przybyla, who brings more than a decade of experience in nicotine and regulat...
Business Operations and StrategyExecutive/Board Changes
Ispire Technology consolidates CEO leadership after executive shift
Neutral
Jul 17, 2026
On July 16, 2026, Ispire Technology Inc. changed Michael Wang’s title to CEO of Aspire North America, its wholly owned subsidiary, ending his role as Co-Chief Executive Officer at the parent company. Following this transition, Tuanfang Liu b...
Executive/Board ChangesShareholder Meetings
Ispire Technology Shareholders Reelect Board, Ratify Auditor
Positive
Jun 25, 2026
Ispire Technology Inc. held its Annual Meeting of Stockholders on June 23, 2026, with 52,840,540 of 57,399,396 eligible common shares represented in person or by proxy, reflecting a high level of shareholder participation in corporate governance. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.