Ispire Technology (NASDAQ:ISPR) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Ispire Technology (NASDAQ:ISPR) announced its quarterly earnings results on Friday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11), Zacks reports. Ispire Technology had a negative net margin of 31.14% and a negative return on equity of 389.95%.

Here are the key takeaways from Ispire Technology’s conference call:

• Company completed a deliberate customer consolidation toward higher-quality nicotine clients, improving net accounts receivable to $37.9M, cutting operating expenses to $10.3M, and reducing the Q2 net loss to $6.6M, which management calls an inflection point for financial stability.
• Total revenue declined sharply to $20.3M in Q2 (from $41.8M a year ago) and cash on hand fell to $17.6M (from $24.4M), with net operating cash use of $5.2M over the six months.
• IkeTech age-gating technology is gaining regulatory and customer traction (component PMTA filed); a Charlie’s deal targets an initial ~2–3M chips/month with potential ramp to ~10M devices/month, and management expects additional major partnership announcements soon.
• Product and manufacturing initiatives — G‑Mesh superconductive vaping hardware is in active discussions with larger nicotine companies, and the Malaysian facility build-out remains on track to scale capacity from 6 to 80 production lines in fiscal 2026.

Ispire Technology Stock Up 9.0%

Ispire Technology stock traded up $0.27 during midday trading on Friday, hitting $3.33. 29,093 shares of the company were exchanged, compared to its average volume of 55,029. The company’s fifty day moving average price is $2.82 and its 200-day moving average price is $2.66. The company has a market cap of $191.00 million, a PE ratio of -5.13 and a beta of 2.42. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.14 and a quick ratio of 1.05. Ispire Technology has a fifty-two week low of $1.44 and a fifty-two week high of $4.98.

Institutional Trading of Ispire Technology

A hedge fund recently raised its stake in Ispire Technology stock. Private Advisor Group LLC increased its holdings in Ispire Technology Inc. (NASDAQ:ISPR) by 129.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,148 shares of the company’s stock after acquiring an additional 19,276 shares during the quarter. Private Advisor Group LLC owned approximately 0.06% of Ispire Technology worth $87,000 as of its most recent filing with the SEC. 5.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Zacks Research upgraded Ispire Technology from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ispire Technology in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.50.

Ispire Technology Company Profile

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.