Ispire Technology Inc.
Business
Ispire Technology Inc. researches, designs, commercializes, and distributes branded and non-branded vaping hardware for nicotine and cannabis markets globally. Products include e-cigarettes under the Aspire brand sold through a network of 150+ distributors across 30+ countries, and cannabis vaping hardware sold primarily on an original design manufacturer (ODM) basis to cannabis brands. The company operates through two subsidiaries: Aspire North America LLC (cannabis products) and Aspire Science and Technology Limited (nicotine products worldwide except China and Russia), with manufacturing in Malaysia and sales concentrated in Europe and North America.
Summary from 10-K filed 2025-09-15
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 |
|---|---|---|---|---|---|
| Revenue | 127 | 152 | 116 | 88 | |
| Cost of revenue | 105 | 122 | 95 | 75 | |
| Gross profit | 23 | 30 | 21 | 13 | |
| Sales and marketing expenses | 8 | 7 | 4 | 6 | |
| Credit loss expenses | 22 | 6 | — | — | |
| General and administrative expenses | 30 | 31 | 21 | 9 | |
| Total operating expenses | 60 | 44 | 25 | 14 | |
| Loss from operations | −38 | −14 | −4 | −988,671 | |
| Interest income, net | 86,996 | 365,251 | — | — | |
| Exchange loss, net | −86,570 | −70,293 | −324,225 | 58,143 | |
| Other (expense) income, net | −187,089 | 113,405 | −155,150 | 185,615 | |
| Total other (expense) income, net | −186,663 | 408,363 | −284,166 | — | |
| Loss before income taxes | −38 | −13 | −5 | −803,056 | |
| Income taxes current | −1 | −1 | −1 | — | |
| Net loss | −39 | −15 | −6 | −2 | |
| Foreign currency translation adjustments | −167,214 | 222,111 | 20,896 | −117,085 | |
| Comprehensive loss | −39 | −15 | −6 | −2 | |
| Basic (in Dollars per share) | −0.69 | −0.27 | −0.12 | −0.04 | |
| Diluted (in Dollars per share) | −0.69 | −0.27 | −0.12 | −0.04 | |
| Basic (in Shares) | 57 | 55 | 51 | 50 | |
| Diluted (in Shares) | 57 | 55 | 51 | 50 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2024 2024-03-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 |
|---|---|---|---|---|---|---|
| Cash | 24 | 35 | — | — | — | |
| Accounts receivable, net | 40 | 60 | — | — | — | |
| Inventories, net | 7 | 6 | — | — | — | |
| Prepaid expenses and other current assets | 2 | 1 | — | — | — | |
| Total current assets | 73 | 103 | — | — | — | |
| Accounts receivable non current | 7 | — | — | — | — | |
| Property, plant and equipment, net | 3 | 3 | — | — | — | |
| Intangible assets, net | 2 | 1 | — | — | — | |
| Right-of-use assets operating leases | 5 | 4 | 4 | 4 | 5 | |
| Other investment | 2 | 2 | — | — | — | |
| Equity method investment | 10 | 10 | — | — | — | |
| Other non-current assets | 210,617 | 284,050 | 297,474 | 299,261 | 170,562 | |
| Total other assets | 29 | 20 | 9 | 7 | 7 | |
| Total assets | 102 | 123 | 108 | 90 | 88 | |
| Accounts payable | 4 | 4 | — | — | — | |
| Contract liabilities | 5 | 2 | — | — | — | |
| Accrued liabilities and other payables | 8 | 12 | — | — | — | |
| Borrowing current portion | 1 | — | — | — | — | |
| Operating lease liabilities current portion | 2 | 1 | 1 | 1 | 1 | |
| Total current liabilities | 73 | 86 | 70 | 58 | 54 | |
| Borrowing net of current portion | 805,361 | — | — | — | — | |
| Operating lease liabilities net of current portion | 3 | 2 | — | — | — | |
| Total liabilities | 102 | 88 | 72 | 61 | 57 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, par value $0.0001 per share; 140,000,000 shares authorized; 57,193,734 and 56,470,636 shares issued and outstanding as of June 30, 2025 and June 30, 2024 | 5,719 | 5,647 | — | — | — | |
| Treasury stock, at cost | −60,488 | — | — | — | — | |
| Additional paid-in capital | 49 | 43 | — | — | — | |
| Accumulated deficit | −48 | −9 | −5 | 609,283 | 5 | |
| Accumulated other comprehensive (loss)/income | −108,871 | 58,343 | — | — | — | |
| Total stockholders equity | 604,694 | 34 | 36 | 29 | 31 | |
| Total liabilities and stockholders equity | 102 | 123 | 108 | 90 | 88 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 |
|---|---|---|---|---|---|
| Depreciation and amortization | 812,483 | 505,653 | 46,662 | — | |
| Right-of-use assets amortization | 1 | 1 | 1 | — | |
| Stock-based compensation expenses | 6 | 6 | — | — | |
| Inventory impairment | 754,976 | 205,594 | — | — | |
| Loss from equity method investment | 732,502 | 117,905 | — | — | |
| Right-of-use assets impairment | 151,516 | — | 1 | 135,141 | |
| Debt issuance cost amortization | 38,478 | — | — | — | |
| Accounts receivable | −9 | −41 | −20 | −4 | |
| Inventories | −1 | 901,120 | 7 | −12 | |
| Prepaid expenses and other current assets | −547,085 | 2 | −3 | 29,007 | |
| Accounts payable and accounts payable related party | 11 | 18 | 11 | 9 | |
| Contract liabilities | 3 | 1 | −690,637 | — | |
| Accrued liabilities and other payables | −555,383 | 2 | 168,179 | — | |
| Operating lease liabilities | −1 | −1 | −1 | — | |
| Prepaid income tax/income tax payable | −315,189 | −63,853 | −417,260 | 481,113 | |
| Net cash used in operating activities | −7 | −18 | −8 | −8 | |
| Purchase of property, plant and equipment | −1 | −2 | −1 | −121,516 | |
| Acquisition of intangible assets | −939,075 | −1 | — | — | |
| Maturity of short term investment | — | 9 | — | — | |
| Acquisition of other investment | — | −2 | — | — | |
| Acquisition of equity method investment | — | −1 | — | — | |
| Repayment of acquisition payable | −3 | — | — | — | |
| Net cash (used in) provided by investing activities | −5 | 3 | −10 | −121,516 | |
| Common stock repurchased | −60,488 | — | — | — | |
| Proceeds from equity offerings | — | 12 | — | — | |
| Issuance costs of equity offerings | — | −2 | — | — | |
| Proceeds from borrowing | 2 | — | — | — | |
| Repayment of borrowing | −167,214 | — | — | — | |
| Repayments of advances from a related party | — | −703,323 | −38 | −2 | |
| Net cash provided by financing activities | 2 | 10 | −16 | −3 | |
| Net decrease in cash | −11 | −5 | −34 | — | |
| Leased assets obtained in exchange for operating lease liabilities | 3 | 537,307 | — | — | |
| Reclassification of accounts receivable to accounts receivable non current | 7 | — | — | — | |
| Reclassification of accounts payable related party to amount due to a related party | 25 | — | — | — | |
| Unpaid equity method investment in accrued liabilities and other payables | — | 9 | — | — | |
| Warrants issued in connection with equity method investment | — | 365,953 | — | — | |
| Unpaid intangible assets in accrued liabilities and other payables | — | 232,382 | — | — | |
| Cash paid for income taxes | 2 | 1 | — | — | |
| Cash paid for interest | 150,285 | 15,229 | 587 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Ispire Technology Inc.'s CIK number?
Ispire Technology Inc.'s SEC CIK number is 0001948455 (1948455). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Ispire Technology Inc.'s SEC filings?
All of Ispire Technology Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Ispire Technology Inc. last report earnings?
Ispire Technology Inc. (ISPR) most recently filed an earnings 8-K with the SEC on May 12, 2025, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-25-041713). This is Ispire Technology Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Ispire Technology Inc.'s most recent earnings 8-K?
Ispire Technology Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2025 under accession 0001213900-25-041713. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Ispire Technology Inc.'s latest earnings 8-K →
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