Author: webdev

  • Ispire Technology Expands Into High-Growth Nicotine Pouch Market Through Strategic Joint Venture with Jincheng Pharma

    Ispire Technology Expands Into High-Growth Nicotine Pouch Market Through Strategic Joint Venture with Jincheng Pharma

    Partnership combines pharmaceutical-grade manufacturing with Ispire’s global platform to accelerate entry into one of the fastest-growing nicotine segments

    LOS ANGELES, May 12, 2026 /PRNewswire/ — Ispire Technology Inc. (“Ispire” or the “Company”) (NASDAQ: ISPR), a trailblazer in vaping technology and precision dosing, announced that it has entered into a joint venture with Shandong Jincheng Pharmaceutical Group Co., Ltd. (SZSE: 300233) (“Jincheng Pharma”), a global pharmaceutical company, to manufacture and commercialize nicotine pouch products.

    The joint venture marks Ispire’s entry into the rapidly expanding oral nicotine category, broadening its portfolio beyond vaping hardware and positioning the Company in one of the fastest-growing segments of the global nicotine market. According to Grand View Research, the nicotine pouch market was approximately $7 billion in 2025 and is projected to grow at nearly 25% annually through 2033, potentially exceeding $40 billion.

    “This joint venture represents a meaningful strategic expansion for Ispire,” said Michael Wang, Co-Chief Executive Officer of Ispire. “Nicotine pouches are a major global growth category, and this partnership enables us to enter the market with immediate operational capability and pharmaceutical-grade manufacturing expertise. Combined with our global distribution and regulatory infrastructure, we believe this positions us to build a significant new revenue stream and further advance our broader nicotine platform strategy.”

    Under the terms of the agreement, Jincheng Pharma will contribute manufacturing equipment, technical expertise, and nicotine pouch materials, enabling a rapid operational ramp-up and supporting near-term production and commercialization. The joint venture is expected to leverage Ispire’s strengths in precision dosing, regulatory compliance, and global distribution to differentiate its nicotine pouch offerings in an increasingly competitive market.

    “Ispire’s proven manufacturing excellence and global regulatory capabilities accelerate our path to commercialization,” said Jiaquan Li, Chairman and President of Jincheng Pharma. “By combining our pharmaceutical expertise and customer relationships with Ispire’s operational capabilities, we are well positioned to scale high-quality nicotine pouch production quickly and responsibly.”

    Jincheng Pharma is a diversified pharmaceutical company with approximately 3,800 employees and more than 30 affiliated companies worldwide. The company is engaged in the research, development, production, and commercialization of pharmaceutical intermediates, active pharmaceutical ingredients (APIs), finished pharmaceutical products, and health-related products.

    Jincheng selected Ispire as its partner based on Ispire’s reputation for high-quality manufacturing, operational execution, and strong global regulatory compliance infrastructure.

    The Company expects initial production to be supported by existing commercial relationships and intends to pursue additional business development opportunities within the oral nicotine segment as part of its broader international nicotine platform strategy.

    This expansion builds on Ispire’s ongoing efforts to diversify its product portfolio across multiple reduced-risk nicotine formats while leveraging its manufacturing scale, compliance capabilities, and global distribution network.

    About Ispire Technology Inc.
    Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company’s operating subsidiaries own or license more than 400 patents worldwide. Ispire’s branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People’s Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company’s cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit www.ispiretechnology.com or follow Ispire on Instagram, LinkedIn, Twitter and YouTube.

    Forward Looking Statements
    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: whether the Company may be successful in re-entering the U.S. ENDS market; the approval or rejection of any PMTA submitted by the Company; whether the Company will be successful in its plans to further expand into the African market; whether the Company’s joint venture with Touch Point Worldwide Inc. d/b/a/ Berify and Chemular Inc. (the “Joint Venture”) may be successful in achieving its goals as currently contemplated, with different terms, or at all; the Joint Venture’s ability to innovate in the e-cigarette technology space or develop age gating or age verification technologies for nicotine vaping devices; the Company’s ability to collect its accounts receivable in a timely manner; the Company’s business strategies; the ability of the Company to market to the Ispire ONE™; Ispire ONE™’s success in meeting its goals; the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of its products on the markets; the Ispire ONE™ proving to be safe; and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Ispire’s Annual Report on Form 10-K for the year ended June 30, 2025 and any subsequent filings which Ispire makes with the SEC. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by applicable law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

    IR Contact:
    Brett Maas
    Hayden IR
    (646) 536-7331
    [email protected] 

    James Carbonara
    Hayden IR
    (646)-755-7412
    [email protected] 

    PR Contact:
    Ellen Mellody
    +1-570-209-2947
    [email protected] 

    SOURCE Ispire Technology Inc.


    Read original release

  • Ispire Technology Inc.、2026年度第3四半期の財務結果を発表

    Ispire Technology Inc.、2026年度第3四半期の財務結果を発表

    現金は前四半期比46万8000ドル増の1800万ドルとなりました。

    2026年下半期にキャッシュフロー・プラスを達成する計画です。

    戦略的な体制再構築により、事業は安定化しています。

    段階的なロードマップは、世界のベイプ市場(約730億ドル)、米国のフレーバー付きベイプ市場(約500~700億ドル)、世界のG-Meshガラス技術市場(240億ドル超)など、数十億ドル規模の市場を対象としています。

    ロサンゼルス, 2026年5月9日 /PRNewswire/ — Ispire Technology Inc. (ナスダック:ISPR)(以下「Ispire」または「当社」とします)は本日、ベイプ技術と精密な投与技術におけるイノベーターとして、2026年度第3四半期(2026年3月31日終了の3か月間)の財務結果を発表しました。

    当社の共同最高経営責任者(Co-CEO)であるMichael Wang氏は次のようにコメントしています。「今四半期は当社事業の安定化に成功し、現金も前四半期比46万8000ドル増の1800万ドルとなりました。これにより、当社は現在、段階的なロードマップに従って実行を進めています。近い将来の収益を牽引する製品はすでに生産段階に入っており、変革をもたらす技術の機会も目前に迫っています。」

    • マレーシアでの製造は本日より開始されており、約730億ドル規模の世界のベイプ市場において、中国に対して25%の関税優位性を確保しています。
      • ニコチンパウチのグローバル顧客向け供給は2026年4月に開始されました。
    • Vapor ODMは、2026年7月に中規模ブランド向けに開始され、大規模ブランドとの提携は2027年を目標としています。
    • さらにその先(2027年以降)を見据えると:
      • IKE Techによる年齢制限(エイジゲーティング)技術は、現在はアクセスできない米国のフレーバー付きベイプ市場(約500~700億ドル)を開放する可能性を秘めています。
      • G-Meshガラス技術は、すでに240億ドル超の法的な世界市場において、大手タバコ企業から関心を集めています。

    「今四半期にキャッシュを創出し、競合が模倣できない年齢制限技術とG-Mesh技術を備えていることで、当社は数十億ドル規模の市場に対して複数の成功の可能性を持っています。そして、Ispireは株主の皆さまに非常に大きな価値を提供できる独自の立場にあると確信しています。」

    巨大な対応可能市場に支えられた複数の成長要因

    成長要因(触媒)

    時期

    市場機会

    マレーシア
    での製造

    現在

    世界のベイプ市場は約730億ドルです。
    中国に対して25%の関税優位性を持っています。

    Vapor ODM

    2026年7月 /
    2027年

    2026年には中規模ブランド向けに、
    2027年には大規模ブランドとの提携を予定しています。

    年齢制限技術(IKE
    Tech)

    2027年以降

    米国のフレーバー付きベイプ市場は現在、約500~700億ドル規模で閉ざされています。米国の年間総アドレッサブル市場(TAM)は約
    60億台です。

    G-Mesh技術

    2027年以降

    世界の法的なベイプ市場は240億ドル超です。大手タバコ企業とのライセンス協議
    を進めています。

    2026年3月31日終了の第3四半期の財務結果

    • 売上高は1870万ドルでした。これは2025年度第3四半期の2620万ドル、および前四半期の2030万ドルと比較したものです。前四半期比160万ドル(8%)の減少は、旧正月関連の工場操業停止による典型的な季節影響を反映しており、第2四半期から第3四半期にかけての減少幅としては当社史上最小となります。前年同期比での減少は、低品質の大麻収入から、規制対象のニコチン送達技術およびコンプライアンス技術への戦略的転換を継続していることを反映しています。全体として、事業は引き続き安定しています。
    • 売上総利益は200万ドルでした。これは2025年度第3四半期の480万ドル、および前四半期の350万ドルと比較したものです。売上総利益率は、取引を停止した従来の大麻顧客からの一時的な製品返品(約220万ドル)の影響を受けました。売上総利益率は10.7%でした(2025年度第3四半期は18.2%)。これは主に、当社が取引を停止した従来の大麻顧客からの一時的な製品返品(約220万ドル)に起因します。
    • 貸倒費用を除く営業費用の合計は590万ドルでした。これは2025年度第3四半期の営業費用930万ドルと比較して36%の減少、前四半期の営業費用610万ドルと比較して3.7%の減少です。貸倒費用は560万ドルでした。これは2025年度第3四半期より50万ドル少なく、前期より140万ドル多い金額です。
    • 純損失は950万ドル、1株当たり0.17ドルでした。これは2025年度第3四半期の純損失1090万ドル(1株当たり0.19ドル)と比較して12.3%の減少、前四半期の純損失660万ドルと比較して44.4%の増加です。
    • 現金:2026年3月31日現在、当社は1800万ドルの現金と90万ドルの運転資本を保有しています。

    カンファレンスコール

    当社は2026年5月7日(金)午前8時(米国東部時間)よりカンファレンスコールを実施し、その後質疑応答を行います。

    決算説明会にお聞きになるには、以下の情報を使用してお電話でご参加ください。電話接続時に案内がありましたら、「Ispire Technology Call」とお申し出ください。

    • 日付:2026年5月7日(木)
    • 時間:午前8時00分(米国東部時間)
    • ダイヤルイン番号:米国からは844-826-3033、海外からは+1-412-317-5185におかけください。

    この電話会議はウェブキャストでライブ配信され、ご関心のある方はどなたでも https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007 からアクセスできます。

    通話開始の少なくとも15分前までにリンクにアクセスして登録の上、必要なオーディオソフトウェアのダウンロードおよびインストールを行ってください。

    アーカイブ再生は2026年5月21日(金)午後11時59分(米国東部時間)までご利用いただけます。内容をお聞きになるには、1-844-512-2921または1-412-317-6671にダイヤルしてください。アーカイブ再生にアクセスするには、パスコード10208863をご使用ください。

    Ispire Technology Inc. について

    Ispire は、ブランド電子タバコおよび大麻用ベイピング製品の研究開発、設計、商品化、販売、マーケティング、ならびに流通に従事しています。当社の事業子会社は、世界で400件を超える特許を所有またはライセンスしています。Ispire のブランド電子タバコ製品は「Aspire」の名称で販売されており、米国・中華人民共和国・ロシアを除く世界各国で、主にグローバルな流通ネットワークを通じて提供されています。当社はまた、世界中の電子タバコブランドや小売業者とのODM(受託設計製造)関係にも取り組んでいます。当社の大麻製品は、Ispireのブランド名で、主にODMベースで他の大麻ベイプ企業に販売しています。Ispireは米国、ヨーロッパ、南アフリカで大麻ベイプ用ハードウェアを販売しており、最近カナダとラテンアメリカでもマーケティング活動と顧客対応を開始しました。詳細は www.ispiretechnology.com をご覧いただくか、InstagramLinkedInTwitterYouTube で Ispire をフォローしてください。

    将来見通しに関する記述

    本プレスリリースには、1933年証券法(「証券法」)第27A条、1934年証券取引所法(「証券取引所法」)第21E条、および1995年私募証券訴訟改革法(「私募証券訴訟改革法」)に規定される将来見通しに関する記述が含まれています。将来見通しに関する記述は、一定の仮定に基づき、当社の将来の計画、戦略、期待を述べたものです。一般的には、「信じる」「期待する」「かもしれない」「だろう」「すべきである」「であろう」「できる」「努める」「意図する」「計画する」「目標とする」「見積もる」「予想する」「戦略」「将来」「可能性が高い」などの将来見通しに関する用語、またはその他の類似の用語を使用することで識別できます。ただし、すべての将来見通しに関する記述にこれらの識別語が含まれているわけではありません。本プレスリリースに記載された、当社の戦略、見通し、財務状況、事業運営、コスト、計画および目標に関する記述のうち、過去の事実に関するものを除くすべては、将来見通しに関する記述です。当社の実際の業績および財務状況が将来見通しに関する記述で示された内容と大きく異なる可能性のある重要な要因には、以下のものが含まれます。そのような将来見通しに関する記述には、以下を含むがこれらに限定されないリスクや不確実性が含まれます。当社が米国のENDS市場への再参入に成功するかどうか、当社が提出したPMTAの承認または却下、当社がアフリカ市場へのさらなる進出計画を成功させられるかどうか、Touch Point Worldwide Inc.(d/b/a Berify)およびChemular Inc.との合弁事業(以下「合弁事業」)がその目標を達成できるかどうか(異なる条件で、またはまったく達成できないかどうか)、合弁事業が電子タバコ技術分野で革新を起こす能力、またはニコチンベイピングデバイス用の年齢制限技術もしくは年齢確認技術を開発する能力、当社の売掛金を適時に回収する能力、当社の事業戦略、当社がIspire ONE™を販売する能力、Ispire ONE™がその目標を達成できるかどうか、顧客がIspire ONE™の期待される利益を得る能力および市場における製品の成功、Ispire ONE™の安全性の証明、ならびに「リスク要因」、「経営陣による財務状況および経営成績の分析」、「将来見通しに関する記述に関する注意事項」に記載されているリスクと不確実性、および2025年6月30日を期末とするIspireのForm 10-K年次報告書、ならびにIspireがSECに提出するその後の提出書類に記載されている追加のリスクが含まれます。将来見通しに関する記述を将来の出来事に関する予測として信頼すべきではありません。本プレスリリースにおける将来見通しに関する記述は、本リリースに記載された日付時点の出来事または情報のみに関連しています。当社は、適用法により求められる場合を除き、新たな情報、将来の出来事、またはその他の理由により、本プレスリリースに記載された日付以降に将来見通しに関する記述を更新または修正する義務を一切負いません。本プレスリリースは、当社の将来の実際の業績が当社の予想と大きく異なる可能性があることを理解した上でお読みください。

    問い合わせ先:

    HAYDEN IR:
    James Carbonara
    (646)-755-7412
    [email protected]

    Brett Maas
    (646) 536-7331
    / [email protected]

    — 以下の表に続きます —

    Ispire Technology Inc.

    未監査要約連結貸借対照表

    (単位:米ドル、ただし株式数および1株当たりデータを除く)






    2026年3月31日
    現在



    2025年6月30日
    現在


    資産







    流動資産:







    現金


    $

    18,033,652



    $

    24,351,765


    使途制限付現金



    50,000





    売掛金(純額)



    28,651,558




    39,664,145


    棚卸資産



    5,480,044




    6,647,970


    前払費用およびその他の流動資産



    3,523,741




    2,244,505


    流動資産合計



    55,738,995




    72,908,385


    非流動資産:









    売掛金(1年内回収予定分を除く)






    7,367,158


    有形固定資産(純額)



    2,665,534




    2,952,800


    無形資産(純額)



    2,601,408




    2,232,620


    使用権資産(オペレーティング・リース)



    3,855,373




    5,030,005


    その他の投資



    2,000,000




    2,000,000


    持分法による投資



    8,839,130




    9,515,546


    その他の非流動資産



    210,617




    210,617


    非流動資産合計



    20,172,062




    29,308,746


    総資産


    $

    75,911,057



    $

    102,217,131


    負債および株主資本(欠損/資本)









    流動負債









    買掛金


    $

    5,005,033



    $

    4,172,476


    買掛金(関連当事者)



    38,159,288




    52,420,256


    契約負債



    3,043,470




    4,861,250


    未払費用およびその他の未払金



    6,003,509




    8,099,991


    借入金(1年内返済予定分)



    1,092,052




    1,146,766


    オペレーティング・リース債務(1年内返済予定分)



    1,546,770




    1,838,815


    流動負債合計



    54,850,122




    72,539,554











    非流動負債:









    関連当事者に対する債務



    35,000,000




    25,000,000


    借入金(1年内返済予定分控除後)






    805,361


    オペレーティング・リース債務(1年内返済予定分控除後)



    2,265,347




    3,267,522


    非流動負債合計



    37,265,347




    29,072,883


    負債合計



    92,115,469




    101,612,437











    コミットメントおよび偶発債務


















    株主資本(欠損):









    普通株式(1株当たりの額面金額は0.0001ドルです。発行可能株式数は140,000,000株です。
    2026年3月31日現在
    および2025年6月30日現在の発行済み株式数は、それぞれ57,399,396株および57,193,734株です。)



    5,740




    5,719


    自己株式(原価法)



    (60,488)




    (60,488)


    資本剰余金



    51,541,046




    48,833,601


    累積赤字



    (67,450,024)




    (48,065,267)


    その他の包括損失累計額



    (240,686)




    (108,871)


    株主資本(欠損)合計



    (16,204,412)




    604,694


    負債および株主資本(欠損)合計


    $

    75,911,057



    $

    102,217,131


    Ispire Technology Inc.

    未監査要約連結損益計算書および
    包括損失計算書

    (単位:米ドル、ただし株式数および1株当たりデータを除く)




    3月31日終了
    3か月間



    3月31日終了
    の9ヶ月間




    2026



    2025



    2026



    2025















    売上高


    $

    18,685,501



    $

    26,190,725



    $

    69,322,941



    $

    107,356,898



















    売上原価



    16,694,576




    21,414,820




    58,710,643




    87,184,044



















    売上総利益



    1,990,925




    4,775,905




    10,612,298




    20,172,854



















    営業費用:

















    販売費およびマーケティング費用



    1,091,907




    1,656,527




    4,133,079




    6,710,438


    貸倒費用



    5,564,497




    6,103,688




    11,537,950




    13,389,767


    一般管理費



    4,818,256




    7,601,131




    13,995,180




    23,281,014



















    営業費用合計



    11,474,660




    15,361,346




    29,666,209




    43,381,219



















    営業損失



    (9,483,735)




    (10,585,441)




    (19,053,911)




    (23,208,365)



















    その他の収入(費用):

















    受取利息



    52,971




    3,480




    253,365




    63,321


    支払利息



    (87,215)




    (35,646)




    (299,582)




    (60,183)


    為替差損益(純額)



    (30,294)




    24,341




    269,745




    (103,247)


    その他の収益(費用)(純額)



    202,697




    (86,239)




    215,688




    (47,906)



















    その他の収入および費用(純額)合計



    138,159




    (94,064)




    439,216




    (148,015)



















    税引前損失



    (9,345,576)




    (10,679,505)




    (18,614,695)




    (23,356,380)



















    所得税



    (177,407)




    (176,990)




    (770,062)




    (1,093,774)



















    当期純損失


    $

    (9,522,983)



    $

    (10,856,495)



    $

    (19,384,757)



    $

    (24,450,154)



















    その他の包括損失

















    為替換算調整額



    (10,490)




    (2,860)




    (131,815)




    (84,327)


    包括損失


    $

    (9,533,473)



    $

    (10,859,355)



    $

    (19,516,572)



    $

    (24,534,481)



















    1株当たり当期純損失

















    基本的および希薄化後


    $

    (0.17)



    $

    (0.19)



    $

    (0.34)



    $

    (0.43)



















    加重平均発行済株式数:

















    基本的および希薄化後



    57,293,826




    57,003,488




    57,269,726




    56,752,454


    Ispire Technology Inc.

    未監査要約連結キャッシュ・フロー計算書

    (単位:米ドル、ただし株式数および1株当たりデータを除く)




    3月31日終了
    の9ヶ月間




    2026



    2025









    当期純損失


    $

    (19,384,757)



    $

    (24,450,154)


    当期純損失を営業活動による現金(使用額)または現金(提供額)に調整するための調整項目:









    減価償却費および償却費



    691,894




    592,280


    貸倒費用



    11,537,950




    13,389,767


    使用権資産の償却額



    1,172,118




    1,001,101


    株式報酬費用



    2,752,467




    4,923,751


    棚卸資産の減損損失



    2,386,751




    73,692


    持分法による投資損失



    676,416




    407,028


    債券発行費の償却額



    96,937





    営業資産および負債の変動:









    売掛金



    6,841,795




    (14,080,837)


    棚卸資産



    (1,218,825)




    (1,485,433)


    前払費用およびその他の流動資産



    (1,332,448)




    (715,969)


    買掛金および関連当事者に対する買掛金



    (3,428,411)




    10,962,439


    契約負債



    (1,817,780)




    (756,872)


    未払費用およびその他の未払金



    (876,774)




    (969,068)


    オペレーティング・リース債務



    (1,291,706)




    (961,244)


    営業活動により使用された現金(純額)



    (3,194,373)




    (12,069,519)











    投資活動によるキャッシュ・フロー:









    有形固定資産の取得による支出



    (324,225)




    (140,956)


    特許関連の資産化支出



    (449,191)




    (781,254)


    合弁事業への投資による支出



    (1,298,311)




    (767,285)


    投資活動により使用された現金(純額)



    (2,071,727)




    (1,689,495)











    財務活動によるキャッシュ・フロー:









    普通株式の買戻しによる支出



    (45,001)




    (60,488)


    長期借入金の調達による収入






    2,339,362


    借入金の返済による支出



    (957,012)





    財務活動により使用された現金(純額) / 提供された現金(純額)



    (1,002,013)




    2,278,874











    現金の純減少額



    (6,268,113)




    (11,480,140)


    現金(期首残高)



    24,351,765




    35,071,294


    現金および使途制限付現金(期末残高)


    $

    18,083,652



    $

    23,591,154


    現金および使途制限付現金の調整









    現金



    18,033,652




    23,518,560


    使途制限付現金



    50,000




    72,594


    現金および使途制限付現金の合計


    $

    18,083,652



    $

    23,591,154


    現金支出を伴わない投資活動および財務活動に関する補足情報









    売掛金(非流動)から売掛金(流動)への振替


    $

    6,934,364



    $


    関連当事者に対する買掛金から関連当事者に対する債務への振替


    $

    10,000,000



    $


    オペレーティング・リース債務と交換に取得したリース資産


    $



    $

    2,771,082


    未払費用およびその他の未払金に含まれる長期投資の未払額


    $



    $

    8,232,715


    補足開示事項









    所得税の支払額


    $

    1,614,273



    $

    1,413,533


    利息の支払額


    $

    299,582



    $

    60,183


    Ispire Technology Inc.

    未監査要約連結キャッシュ・フロー計算書

    (単位:米ドル、ただし株式数および1株当たりデータを除く)



    3ヶ月終了


    3月31日


    2026



    2025

    当期純損失

    $ (9,522,983)



    $ (10,856,495)

    当期純損失を営業活動による現金(使用額)または現金(提供額)に調整するための
    調整項目:

    $ –



    $ –

    減価償却費および償却費

    $ 210,652



    $ 198,955

    貸倒費用

    $5,564,497



    $ 6,103,688

    使用権資産の償却額

    $ 479,982



    $ 371,717

    株式報酬費用

    $ 992,478



    $ 1,470,877

    棚卸資産の減損損失

    $ 849,313



    $ –

    持分法による投資損失

    $ 290,083



    $ 230,360

    債券発行費の償却額

    $ 32,312



    $ –

    営業資産および負債の変動:

    $ –



    $ –

    売掛金

    $ 3,662,298



    $ 1,170,940

    棚卸資産

    $ (1,291,943)



    $ 181,075

    前払費用およびその他の流動資産

    $ (363,641)



    $ 139,686

    買掛金および関連当事者に対する買掛金

    $ 3,582,462



    $ (9,743,313)

    契約負債

    $ (1,927,665)



    $ (549,992)

    未払費用およびその他の未払金

    $ (99,500)



    $ (838,174)

    オペレーティング・リース債務

    $ (489,737)



    $ (376,953)

    未払法人税等

    $ (12,590)



    $ –

    営業活動による現金(提供額)

    $ 1,956,018



    $ (12,497,629)


    $ –




    投資活動によるキャッシュ・フロー:

    $ –




    有形固定資産の取得による支出

    $ (247,347)



    $ 181,808

    特許関連の資産化支出

    $ (156,349)



    $ –

    合弁事業への投資による支出

    $ (765,000)



    $ (767,285)

    投資活動により使用された現金(純額)

    $ (1,168,696)



    $ (585,477)


    $ –




    財務活動によるキャッシュ・フロー:

    $ –




    普通株式の買戻しによる支出

    $ –



    $ (60,488)

    長期借入金の調達による収入

    $ –



    $ 2,339,362

    借入金の返済による支出

    $ (319,004)



    $ –

    財務活動により使用された現金(純額)

    $ (319,004)



    $2,278,874


    $ –




    現金の純増加額

    $ 468,318



    $ (10,804,232)

    現金(期首残高)

    $ 17,615,334



    $ 34,395,386

    現金および使途制限付現金(期末残高)

    $ 18,083,652



    $ 23,591,154

    現金および使途制限付現金の調整





    現金

    $ 18,033,652



    $ 23,518,560

    使途制限付現金

    $ 50,000



    $ 72,594

    現金および使途制限付現金の合計

    $ 18,083,652



    $ 23,591,154

    現金支出を伴わない投資活動および財務活動に関する補足情報





    売掛金(非流動)から売掛金(流動)への振替

    $ –



    $ –

    関連当事者に対する買掛金から
    関連当事者に対する債務への振替

    $ 6,000,000



    $ –

    オペレーティング・リース債務と交換に取得したリース資産

    $ –



    $ 2,771,082

    未払費用およびその他の未払金に含まれる長期投資の未払額

    $ –



    $ 8,232,715

    補足開示事項

    $ –



    $ –

    所得税の支払額

    $ 3,081 –



    $ –

    利息の支払額

    $ 87,215



    $ 35,646

    ロゴ –https://mma.prnewswire.com/media/2974247/Ispire_Logo.jpg

    SOURCE Ispire Technology Inc.


    Read original release

  • Ispire Technology Inc. 發佈 2026 財政年度第三季財務業績

    Ispire Technology Inc. 發佈 2026 財政年度第三季財務業績

    現金接連增加 46.8 萬美元,達到 1,800 萬美元

    目標於 2026 曆年下半年現金流達至正數

    經過策略重整,業務步入平穩

    分階段路線圖目標指向數十億美元的可觸及市場,涵蓋約 730 億美元的全球電子煙市場、約 500 至 700 億美元的美國加味電子煙市場,以及 240 億美元以上的全球 G-Mesh 玻璃技術市場

    洛杉磯2026年5月9日 /美通社/ — Ispire Technology Inc. (NASDAQ: ISPR)(「Ispire」、「公司」、「我們」、「我方」或「我們的」)是一家在電子煙技術和精準劑量方面具有創新精神的公司,今天公佈其截至 2026 年 3 月 31 日為止的 2026 財政年度第三季財務業績。

    Ispire 聯席行政總裁 Michael Wang 表示:「今季業績反映業務已成功穩定,現金接連增加 46.8 萬美元至 1,800 萬美元,我們正按分階段路線圖推進,短期收益來源已進入生產階段,顛覆破格的技術機遇亦近在眼前:

    • 我們在馬來西亞的生產線現已運作,讓我們在約 730 億美元的全球電子煙市場中,相比中國擁有 25% 的關稅優勢。
      • 尼古丁袋產品已於 2026 年 4 月開始供應給全球客戶。
    • 電子煙原廠委託設計代工 (ODM) 將於 2026 年 7 月推出,主攻中型品牌;並計劃在 2027 年與大型品牌合作。
    • 進一步放眼長遠發展(2027 年及以後):
      • 透過 IKE Tech 的年齡限制技術,有望打開約值 500 億至 700 億美元的美國加味電子煙市場
      • 在超過 240 億美元的全球合法市場內,G-Mesh 玻璃技術已引起大型煙草公司的興趣。

    憑著今季產生的現金流,加上在年齡限制及 G-Mesh 領域上競爭對手無可比擬的專利技術,我們在多個價值數以十億美元計的市場中均具備進展機會,我們相信 Ispire 擁有獨特定位,能為股東帶來超乎預期的價值。」

    多個增長推動因素,各擁龐大的可觸及市場作為後盾

    推動因素

    時間表

    機遇

    馬來西亞
    生產

    現在

    約 730 億美元的全球電子煙市場;相比
    中國擁有 25% 的關稅優勢

    電子煙原廠委託設計代工

    2026 年 7 月 /
    2027 年

    2026 年主玫中型品牌;
    2027 年 則與大型品牌合作

    年齡限制技術(IKE
    Tech)

    2027 年及以後

    目前受限的美國加味電子煙市場約價值 500 億至 700 億美元;
    美國可觸及市場每年約 60 億部裝置

    G-Mesh 技術

    2027 年及以後

    逾 240 億美元的全球合法電子煙市場;正與大型煙草公司
    展開授權洽談

    截至 2026 年 3 月 31 日財政年度第三季財務業績

    • 收益為 1,870 萬美元,而 2025 財政年度第三季為 2,620 萬美元,上一連續季度為 2,030 萬美元。 按季下跌 160 萬美元(或 8%),是公司史上第二季度到第三季度的最小跌幅,反映出農曆新年相關工廠停工帶來的典型季節性影響。 按年跌幅反映公司持續的策略轉型,由質素較低的大麻收益,轉移至受規管的尼古丁傳輸及合規技術。 整體來說,業務發展漸入平穩。
    • 毛利為 200 萬美元,而 2025 財政年度第三季為 480 萬美元,上一連續季度為 350 萬美元。 毛利率受約 220 萬美元一次性產品退貨所拖累,該批退貨源於公司已中止業務關係的舊有大麻客戶。 毛利率為 10.7%,相對 2025 財政年度第三季的 18.2%,主要是由於來自已停止合作的舊有大麻客戶約 220 萬美元的一次性產品退貨。
    • 總營運開支(不計壞帳開支)為 590 萬美元,相比 2025 財政年度第三季的 930 萬美元減少 36%,相比上一連續季度的 610 萬美元則減少 3.7%。 壞帳開支為 560 萬美元,比 2025 財政年度第三季少 50 萬美元,比上一個季度多 140 萬美元。
    • 淨虧損為 950 萬美元(每股 (0.17) 美元),相比 2025 財政年度第三季的淨虧損 1,090 萬美元(每股 (0.19) 美元)減少 12.3%,相比上一連續季度的淨虧損 660 萬美元則增加 44.4%。
    • 現金:2026 年 3 月 31 日,公司持有現金 1,800 萬美元,營運資本為 90 萬美元。

    電話會議

    公司將於 2026 年 5 月 7 日(星期五)上午 8:00(美國東部時間)進行電話會議,討論業績,隨後進行問答環節。

    如欲收聽電話會議,請使用以下資料致電。 致電時,請依照指示要求加入「Ispire Technology 電話會議」。

    • 日期:2026 年 5 月 7 日(星期四)
    • 時間:上午 8:00(美國東部時間) 
    • 電話號碼:844-826-3033(美國)或 + 1-412-317-5185(國際)

    本電話會議將安排網絡直播,如有興趣即可參加:https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007

    請在電話會議開始前至少 15 分鐘存取連結以便註冊、下載和安裝任何必要的音訊軟件。

    重播服務將於 2026 年 5 月 21 日(星期五)晚上 11:59(美國東部時間)前結束。 如要收聽,請致電:1-844-512-2921 或 1-412-317-6671。 使用密碼 10208863 存取重播內容。

    關於 Ispire Technology Inc.

    Ispire 從事品牌電子煙和大麻霧化產品的研發、設計、商業化、銷售、市場推廣和分銷。 公司旗下營運子公司在全球擁有或授權使用超過 400 項專利。 Ispire 的品牌電子煙產品以 Aspire 的名義銷售,主要透過其全球分銷網絡在全球銷售(美國、中華人民共和國和俄羅斯除外)。 公司也與全球電子煙品牌和零售商建立原廠委託設計代工 (ODM) 合作關係。 公司的大麻產品主要以 ODM 模式向其他大麻電子煙公司銷售,並以 Ispire 品牌銷售。 Ispire 在美國、歐洲和南非銷售其大麻電子煙硬件,最近開始在加拿大和拉丁美洲開展市場推廣活動和客戶互動。 如欲了解更多資訊,請瀏覽 www.ispiretechnology.com,或到 InstagramLinkedInTwitterYouTube 關注 Inspire。

    前瞻性陳述

    本新聞稿包含《1933 年證券法》(經修訂)第 27A 條、《1934 年證券交易法》(經修訂)第 21E 條以及《1995 年私人證券訴訟改革法》(經修訂)所指的前瞻性陳述,旨在受到上述條款所建立的安全港條款的保護。 前瞻性陳述是基於某些假設,描述公司未來的計劃、策略和預期,通常可以透過使用「相信」、「預期」、「也許」、「將」、「應該」、「會」、「可以」、「尋求」、「打算」、「計劃」、「目標」、「預測」、「估計」、「預計」、「策略」、「未來」、「可能」或其他類似術語,儘管並非所有前瞻性陳述都包含這些識別詞語。 本新聞稿除歷史事實陳述外,有關公司策略、前景、財務狀況、營運、成本、計劃和目標的所有陳述均為前瞻性陳述。 可能導致公司實際業績和財務狀況與前瞻性陳述中所示業績和財務狀況有重大差異的重要因素。 此類前瞻性陳述包括但不限於風險和不確定性,包括以下方面:公司能否成功重返美國電子尼古丁傳送系統市場;公司提交的任何煙草產品上市前申請 (PMTA) 是否獲得批准或拒絕;公司能否成功落實進一步拓展非洲市場的計劃;公司與 Touch Point Worldwide Inc.(以 Berify 名義開展業務)和 Chemular Inc.(下稱「合資企業」)的合資企業能否按照目前設想的方式、以不同的條款或根本無法實現目標;合資企業在電子煙技術領域進行創新或開發尼古丁電子煙裝置的年齡限制或年齡驗證技術的能力;公司及時收回應收帳款的能力;公司的商業策略;公司向 Ispire ONE™ 進行市場推廣的能力;Ispire ONE™ 實現其目標的成功情況;客戶能否獲得 Ispire ONE™ 的預期收益以及其產品在市場是否成功;Ispire ONE™ 被證明是安全;以及「風險因素」、「管理階層對財務狀況和經營業績的討論與分析」、「關於前瞻性陳述的警示性說明」中所述的風險和不確定性,以及 Ispire 截至 2025 年 6 月 30 日止年度的 10-K 表格年度報告和 Ispire 隨後向美國證券交易委員會提交的任何文件中所述的其他風險。 前瞻性陳述不應視作對未來事件的預測。 本新聞稿中所作的前瞻性陳述僅與本新聞稿發佈之日發生的事件或資訊有關。 除適用法律另有規定外,我們不承擔在聲明發佈之日後因新資訊、未來事件或其他原因而更新或修改任何前瞻性陳述的義務,也不承擔反映意外事件發生的義務。 閱讀本新聞稿時應理解,我們未來的實際業績可能與我方預期有重大差異。

    聯絡人:

    HAYDEN IR:
    James Carbonara
    (646)-755-7412
    [email protected]

    Brett Maas
    (646) 536-7331
    [email protected]

    — 附表如下 –

    ISPIRE TECHNOLOGY INC.

    未經審核簡明綜合資產負債表

    (以美元計算,股份及每股數據除外) 






    2026 年
    3 月 31 日



    2025 年
    6 月 30 日


    資產







    流動資產:







    現金


    $

    18,033,652



    $

    24,351,765


    受限制現金



    50,000





    應收帳款淨額



    28,651,558




    39,664,145


    庫存



    5,480,044




    6,647,970


    預付費用及其他流動資產



    3,523,741




    2,244,505


    流動資產總額



    55,738,995




    72,908,385


    非流動資產:









    應收帳款,扣除流動部分






    7,367,158


    物業、廠房及設備淨額



    2,665,534




    2,952,800


    無形資產淨值



    2,601,408




    2,232,620


    使用權資產 – 經營租賃



    3,855,373




    5,030,005


    其他投資



    2,000,000




    2,000,000


    權益法投資



    8,839,130




    9,515,546


    其他非流動資產



    210,617




    210,617


    非流動資產總值



    20,172,062




    29,308,746


    總資產


    $

    75,911,057



    $

    102,217,131


    負債及股東(赤字)/ 權益









    流動負債









    應付帳款


    $

    5,005,033



    $

    4,172,476


    應付帳款 – 關聯方



    38,159,288




    52,420,256


    合約負債



    3,043,470




    4,861,250


    應計負債及其他應付款項



    6,003,509




    8,099,991


    借款 - 流動部分



    1,092,052




    1,146,766


    營運租賃負債-流動部分



    1,546,770




    1,838,815


    流動負債總額



    54,850,122




    72,539,554











    非流動負債:









    應付關聯方款項



    35,000,000




    25,000,000


    借款 – 扣除流動部分






    805,361


    營運租賃負債-扣除流動部分



    2,265,347




    3,267,522


    非流動負債總額



    37,265,347




    29,072,883


    負債總額



    92,115,469




    101,612,437











    承付款項及或有負債


















    股東(赤字)/ 權益:









    普通股,每股面額 0.0001 美元;已授權發行 1.4 億股;
    截至 2026 年 3 月 31 日
    及 2025 年 6 月 30 日已發行及流通在外的股票分別為 57,399,396 股及 57,193,734 股



    5,740




    5,719


    庫存股(按成本計)



    (60,488)




    (60,488)


    額外實收資本



    51,541,046




    48,833,601


    累積赤字



    (67,450,024)




    (48,065,267)


    累計其他綜合虧損



    (240,686)




    (108,871)


    股東(赤字)/ 權益總額



    (16,204,412)




    604,694


    負債及股東(赤字)/ 權益總額


    $

    75,911,057



    $

    102,217,131


    ISPIRE TECHNOLOGY INC.

    未經審核簡明綜合經營業績及
    綜合虧損表

    (以美元計算,股份及每股數據除外) 




    截至 3 月 31 日
    三個月,



    截至 3 月 31 日
    九個月,




    2026



    2025



    2026



    2025















    收益


    $

    18,685,501



    $

    26,190,725



    $

    69,322,941



    $

    107,356,898



















    營業成本



    16,694,576




    21,414,820




    58,710,643




    87,184,044



















    毛利



    1,990,925




    4,775,905




    10,612,298




    20,172,854



















    營運開支:

















    銷售及市場推廣費用



    1,091,907




    1,656,527




    4,133,079




    6,710,438


    信貸減值支出



    5,564,497




    6,103,688




    11,537,950




    13,389,767


    一般及行政開支



    4,818,256




    7,601,131




    13,995,180




    23,281,014



















    總營運開支



    11,474,660




    15,361,346




    29,666,209




    43,381,219



















    營運虧損



    (9,483,735)




    (10,585,441)




    (19,053,911)




    (23,208,365)



















    其他收入(開支):

















    利息收入



    52,971




    3,480




    253,365




    63,321


    利息支出



    (87,215)




    (35,646)




    (299,582)




    (60,183)


    匯兌(虧損)收益淨額



    (30,294)




    24,341




    269,745




    (103,247)


    其他收益(支出)淨額



    202,697




    (86,239)




    215,688




    (47,906)



















    其他收益(支出)淨總額



    138,159




    (94,064)




    439,216




    (148,015)



















    扣除入息稅前虧損



    (9,345,576)




    (10,679,505)




    (18,614,695)




    (23,356,380)



















    入息稅



    (177,407)




    (176,990)




    (770,062)




    (1,093,774)



















    淨虧損


    $

    (9,522,983)



    $

    (10,856,495)



    $

    (19,384,757)



    $

    (24,450,154)



















    其他綜合虧損

















    外幣報表折算差額



    (10,490)




    (2,860)




    (131,815)




    (84,327)


    綜合虧損


    $

    (9,533,473)



    $

    (10,859,355)



    $

    (19,516,572)



    $

    (24,534,481)



















    每股淨虧損

















    基本及攤薄


    $

    (0.17)



    $

    (0.19)



    $

    (0.34)



    $

    (0.43)



















    加權平均流通在外股數:

















    基本及攤薄



    57,293,826




    57,003,488




    57,269,726




    56,752,454


    ISPIRE TECHNOLOGY INC.

    未經審核簡明綜合現金流表

    (以美元計算,股份及每股數據除外) 




    截至 3 月 31 日
    九個月,




    2026



    2025









    淨虧損


    $

    (19,384,757)



    $

    (24,450,154)


    將淨虧損調整為營運活動(所用)/所提供現金淨額的項目:









    折舊及攤銷



    691,894




    592,280


    信貸減值支出



    11,537,950




    13,389,767


    使用權資產攤銷



    1,172,118




    1,001,101


    以股票為基礎的報酬開支



    2,752,467




    4,923,751


    存貨減值



    2,386,751




    73,692


    權益法投資虧損



    676,416




    407,028


    債務發行成本攤銷



    96,937





    營運資產與負債的變動:









    應收帳款



    6,841,795




    (14,080,837)


    庫存



    (1,218,825)




    (1,485,433)


    預付費用及其他流動資產



    (1,332,448)




    (715,969)


    應付帳款及應付帳款 – 關聯方



    (3,428,411)




    10,962,439


    合約負債



    (1,817,780)




    (756,872)


    應計負債及其他應付款項



    (876,774)




    (969,068)


    營運租賃負債



    (1,291,706)




    (961,244)


    營運活動所用的現金淨額



    (3,194,373)




    (12,069,519)











    投資活動現金流:









    物業、廠房及設備購置



    (324,225)




    (140,956)


    專利資本化成本



    (449,191)




    (781,254)


    合資企業投資



    (1,298,311)




    (767,285)


    投資活動所用的現金淨額



    (2,071,727)




    (1,689,495)











    融資活動現金流:









    普通股回購



    (45,001)




    (60,488)


    長期債務所得資金






    2,339,362


    償還借款



    (957,012)





    融資活動(所用)/ 所提供的現金淨額



    (1,002,013)




    2,278,874











    現金減少淨額



    (6,268,113)




    (11,480,140)


    現金 – 期初金額



    24,351,765




    35,071,294


    現金及受限制現金 – 期末金額


    $

    18,083,652



    $

    23,591,154


    現金及受限制現金的對帳









    現金



    18,033,652




    23,518,560


    受限制現金



    50,000




    72,594


    現金及受限制現金總額


    $

    18,083,652



    $

    23,591,154


    補充非現金投資及融資活動









    應收帳款 – 由非流動重新分類為流動應收帳款


    $

    6,934,364



    $


    應付帳款 – 由關聯方重新分類至應付關聯方款項


    $

    10,000,000



    $


    因承擔營運租賃負債換取的租賃資產


    $



    $

    2,771,082


    計入應計負債及其他應付款項的未付長期投資


    $



    $

    8,232,715


    補充披露









    所得稅現金支付額


    $

    1,614,273



    $

    1,413,533


    利息現金支付額


    $

    299,582



    $

    60,183


    ISPIRE TECHNOLOGY INC.

    未經審核簡明綜合現金流表

    (以美元計算,股份及每股數據除外) 



    截至


    3 月 31 日止三個月,


    2026



    2025

    淨虧損

    $     (9,522,983)



    $       (10,856,495)

    將淨虧損調整為營運
    活動所用/ 所提供現金淨額的項目:

    $                       –



    $                           –

    折舊及攤銷

    $           210,652



    $               198,955

    信貸減值支出

    $        5,564,497



    $            6,103,688

    使用權資產攤銷

    $           479,982



    $               371,717

    以股票為基礎的報酬開支

    $           992,478



    $            1,470,877

    存貨減值

    $           849,313



    $                          –

    權益法投資虧損

    $           290,083



    $               230,360

    債務發行成本攤銷

    $             32,312



    $                          –

    營運資產與負債的變動:

    $                      –



    $                           –

    應收帳款

    $        3,662,298



    $            1,170,940

    庫存

    $     (1,291,943)



    $               181,075

    預付費用及其他流動資產

    $        (363,641)



    $               139,686

    應付帳款及應付帳款 – 關聯方

    $        3,582,462



    $         (9,743,313)

    合約負債

    $     (1,927,665)



    $            (549,992)

    應計負債及其他應付款項

    $          (99,500)



    $            (838,174)

    營運租賃負債

    $        (489,737)



    $            (376,953)

    應課税入息

    $          (12,590)



    $                           –

    營運活動所提供的現金淨額

    $        1,956,018



    $       (12,497,629)


    $                      –




    投資活動現金流:

    $                      –




    物業、廠房及設備購置

    $        (247,347)



    $               181,808

    專利資本化成本

    $        (156,349)



    $                          –

    合資企業投資

    $        (765,000)



    $            (767,285)

    投資活動所用的現金淨額

    $     (1,168,696)



    $            (585,477)


    $                      –




    融資活動現金流:

    $                      –




    普通股回購

    $                      –



    $              (60,488)

    長期債務所得資金

    $                      –



    $            2,339,362

    償還借款

    $        (319,004)



    $                           –

    融資活動所用的現金淨額

    $        (319,004)



    $            2,278,874


    $                       –




    現金增加淨額

    $           468,318



    $       (10,804,232)

    現金 – 期初金額

    $      17,615,334



    $          34,395,386

    現金及受限制現金 – 期末金額

    $      18,083,652



    $          23,591,154

    現金及受限制現金的對帳





    現金

    $      18,033,652



    $          23,518,560

    受限制現金

    $             50,000



    $                 72,594

    現金及受限制現金總額

    $      18,083,652



    $          23,591,154

    補充非現金投資及融資活動





    應收帳款 – 由非流動重新分類為流動應收帳款

    $                      –



    $                          –

    應付帳款 – 由
    關聯方重新分類至應付關聯方款項

    $        6,000,000



    $                          –

    因承擔營運租賃負債換取的租賃資產

    $                      –



    $            2,771,082

    計入應計負債及其他應付款項的未付長期投資

    $                      –



    $            8,232,715

    補充披露

    $                      –



    $                          –

    所得稅現金支付額

    $ 3,081 –



    $                           –

    利息現金支付額

    $             87,215



    $                 35,646

    SOURCE Ispire Technology Inc.


    Read original release

  • Ispire Technology Inc. Reports Financial Results for Fiscal Third Quarter 2026

    Cash Increased Sequentially by $468,000 to $18 Million

    Plans to Achieve Cash Flow Positive in Second Half of Calendar Year 2026

    Business Stabilized Following Strategic Repositioning

    Phased Roadmap Targets Billions in Addressable Market, Including ~$73B Global Vape, ~$50–70B U.S. Flavored Vape, and $24B+ Global G-Mesh Glass Technology

    LOS ANGELESMay 7, 2026 /PRNewswire/ — Ispire Technology Inc. (Nasdaq: ISPR) (“Ispire,” the “Company,” “we,” “us,” or “our”), an innovator in vaping technology and precision dosing, today reported financial results for the third quarter of fiscal 2026, for the three months ended March 31, 2026.

    Michael Wang, Co-Chief Executive Officer of Ispire, commented, “This quarter reflects the successful stabilization of our business and with cash growing sequentially by $468,000 to $18 million, we are now executing against a phased roadmap, with near-term revenue drivers already in production and transformative technology opportunities on the horizon:

    • Our Malaysia manufacturing is live today, giving us a 25% tariff advantage over China in a ~$73B global vape market.
    • Supply of nicotine pouches to global customers commenced in April 2026.
    • Vapor ODM launches in July 2026 for mid-sized brands, with large brand partnerships targeted for 2027.
    • Looking further ahead (2027 and beyond):
    • Age-gating technology through IKE Tech has the potential to unlock the ~$50–70B US flavored vape market
    • G-Mesh glass technology is already drawing interest from big tobacco in a $24B+ legal global market.
    • “With cash generation this quarter and proprietary technologies in age-gating and G-Mesh that no competitor can replicate, we have multiple shots on goal across billion-dollar markets, and we believe Ispire is uniquely positioned to deliver outsized value for shareholders.”

     

    Multiple Growth Catalysts, Each Backed by a Massive Addressable Market

    Catalyst

    Timeline

    Opportunity

    Malaysia
    Manufacturing

    Now

    ~$73B global vape market; 25% tariff advantage over
    China

    Vapor ODM

    July 2026 /
    2027

    Mid-sized brands in 2026; large brand partnerships in
    2027

    Age-Gating (IKE
    Tech)

    2027+

    ~$50-70B US flavored vape market currently locked;
    ~6B devices/year US TAM

    G-Mesh Technology

    2027+

    $24B+ legal global vape market; licensing discussions
    with big tobacco underway

     

    Financial Results for the Fiscal Third Quarter Ended March 31, 2026

    • Revenue was $18.7 million, compared to $26.2 million in the third quarter of fiscal 2025 and $20.3 million in the prior sequential quarter. The sequential decline of $1.6 million, or 8%, represents the smallest second-to-third quarter decline in the Company’s history, reflecting the typical seasonal impact of Chinese New Year-related factory shutdowns. The year-over-year decline reflects the Company’s continued strategic shift away from lower-quality cannabis revenue toward regulated nicotine delivery and compliance technologies. Overall, the business continues to stabilize.
    • Gross profit of $2.0 million compared to $4.8 million for the third quarter of fiscal 2025 and $3.5 million in the prior sequential quarter. Gross margin was impacted by approximately $2.2 million in one-time product returns from legacy cannabis customers with whom the Company has ceased doing business. Gross margin of 10.7% compared to 18.2% for the third quarter of fiscal 2025, is primarily attributable to the approximately $2.2 million one-time product returns from legacy cannabis customers with whom the Company has ceased doing business.
    • Total operating expenses excluding bad debt expense of $5.9 million, a 36% reduction when compared to operating expenses of $9.3 million for the third quarter of fiscal 2025, and a 3.7% reduction when compared to operating expenses of $6.1 million in the prior sequential quarter. Bad debt expense was $5.6 million, which is $0.5 million less than the third quarter of fiscal 2025 and $1.4 million more than the prior quarter.
    • Net loss of $9.5 million or ($0.17) per share, a 12.3% decrease, compared to net loss of $10.9 million, or ($0.19) per share, in the third quarter of fiscal 2025, and a 44.4% increase compared a net loss of $6.6 million in the prior sequential quarter.
    • Cash: At March 31, 2026, the Company held cash of $18.0 million and working capital of $0.9 million.

     

    Conference Call

    The Company will conduct a conference call at 8 am ET on Friday, May 7, 2026, to discuss the results, followed by a Q&A session.

    To listen to the conference call, please dial in using the information below. When prompted upon dialing-in, please ask for the “Ispire Technology Call.”

    • Date: Thursday, May 7, 2026
    • Time: 8:00 am ET
    • Dial-In Numbers: United States 844-826-3033 or International + 1-412-317-5185

    This conference call will be webcast live and can be accessed by all interested parties at  https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007

    Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

    A playback will be available until 11:59 pm ET on Friday, May 21, 2026. To listen, please dial 1-844-512-2921 or 1-412-317-6671. Use the passcode 10208863 to access the replay.

     

    About Ispire Technology Inc.

    Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company’s operating subsidiaries own or license more than 400 patents worldwide. Ispire’s branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People’s Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company’s cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information visit www.ispiretechnology.com or follow Inspire on InstagramLinkedInTwitter and YouTube.

     

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: whether the Company may be successful in re-entering the U.S. ENDS market; the approval or rejection of any PMTA submitted by the Company; whether the Company will be successful in its plans to further expand into the African market; whether the Company’s joint venture with Touch Point Worldwide Inc. d/b/a/ Berify and Chemular Inc. (the “Joint Venture”) may be successful in achieving its goals as currently contemplated, with different terms, or at all; the Joint Venture’s ability to innovate in the e-cigarette technology space or develop age gating or age verification technologies for nicotine vaping devices; the Company’s ability to collect its accounts receivable in a timely manner; the Company’s business strategies; the ability of the Company to market to the Ispire ONE™; Ispire ONE™’s success in meeting its goals; the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of its products on the markets; the Ispire ONE™ proving to be safe; and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Ispire’s Annual Report on Form 10-K for the year ended June 30, 2025 and any subsequent filings which Ispire makes with the SEC. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by applicable law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

    Contact:

    HAYDEN IR:
    James Carbonara
    (646)-755-7412
    james@haydenir.com

    Brett Maas
    (646) 536-7331
    brett@haydenir.com

     

    — Tables Follow –

    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (In $USD, except share and per share data)

    March 31,
    2026

    June 30,
    2025

    Assets

    Current assets:

    Cash

    $

    18,033,652

    $

    24,351,765

    Restricted cash

    50,000

    Accounts receivable, net

    28,651,558

    39,664,145

    Inventories

    5,480,044

    6,647,970

    Prepaid expenses and other current assets

    3,523,741

    2,244,505

    Total current assets

    55,738,995

    72,908,385

    Non-current assets:

    Accounts receivable, net of current portion

    7,367,158

    Property, plant and equipment, net

    2,665,534

    2,952,800

    Intangible assets, net

    2,601,408

    2,232,620

    Right-of-use assets – operating leases

    3,855,373

    5,030,005

    Other investment

    2,000,000

    2,000,000

    Equity method investment

    8,839,130

    9,515,546

    Other non-current assets

    210,617

    210,617

    Total non-current assets

    20,172,062

    29,308,746

    Total assets

    $

    75,911,057

    $

    102,217,131

    Liabilities and stockholders’ (deficit)/equity

    Current liabilities

    Accounts payable

    $

    5,005,033

    $

    4,172,476

    Accounts payable – related party

    38,159,288

    52,420,256

    Contract liabilities

    3,043,470

    4,861,250

    Accrued liabilities and other payables

    6,003,509

    8,099,991

    Borrowing – current portion

    1,092,052

    1,146,766

    Operating lease liabilities – current portion

    1,546,770

    1,838,815

    Total current liabilities

    54,850,122

    72,539,554

    Non-current liabilities:

    Amount due to a related party

    35,000,000

    25,000,000

    Borrowing – net of current portion

    805,361

    Operating lease liabilities – net of current portion

    2,265,347

    3,267,522

    Total non-current liabilities

    37,265,347

    29,072,883

    Total liabilities

    92,115,469

    101,612,437

    Commitments and contingencies

    Stockholders’ (deficit)/equity:

    Common stock, par value $0.0001 per share; 140,000,000 shares authorized;
    57,399,396 and 57,193,734 shares issued and outstanding as of March 31, 2026 and June 30, 2025

    5,740

    5,719

    Treasury stock, at cost

    (60,488)

    (60,488)

    Additional paid-in capital

    51,541,046

    48,833,601

    Accumulated deficit

    (67,450,024)

    (48,065,267)

    Accumulated other comprehensive loss

    (240,686)

    (108,871)

    Total stockholders’ (deficit)/equity

    (16,204,412)

    604,694

    Total liabilities and stockholders’ (deficit)/equity

    $

    75,911,057

    $

    102,217,131

     

     

    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
    COMPREHENSIVE LOSS

    (In $USD, except share and per share data)

    Three Months Ended
    March 31,

    Nine Months Ended
    March 31,

    2026

    2025

    2026

    2025

    Revenue

    $

    18,685,501

    $

    26,190,725

    $

    69,322,941

    $

    107,356,898

    Cost of revenue

    16,694,576

    21,414,820

    58,710,643

    87,184,044

    Gross profit

    1,990,925

    4,775,905

    10,612,298

    20,172,854

    Operating expenses:

    Sales and marketing expenses

    1,091,907

    1,656,527

    4,133,079

    6,710,438

    Credit loss expenses

    5,564,497

    6,103,688

    11,537,950

    13,389,767

    General and administrative expenses

    4,818,256

    7,601,131

    13,995,180

    23,281,014

    Total Operating expenses

    11,474,660

    15,361,346

    29,666,209

    43,381,219

    Loss from operations

    (9,483,735)

    (10,585,441)

    (19,053,911)

    (23,208,365)

    Other income (expense):

    Interest income

    52,971

    3,480

    253,365

    63,321

    Interest expense

    (87,215)

    (35,646)

    (299,582)

    (60,183)

    Exchange (loss) gain, net

    (30,294)

    24,341

    269,745

    (103,247)

    Other income (expense), net

    202,697

    (86,239)

    215,688

    (47,906)

    Total Other income (expense), net

    138,159

    (94,064)

    439,216

    (148,015)

    Loss before income taxes

    (9,345,576)

    (10,679,505)

    (18,614,695)

    (23,356,380)

    Income taxes

    (177,407)

    (176,990)

    (770,062)

    (1,093,774)

    Net loss

    $

    (9,522,983)

    $

    (10,856,495)

    $

    (19,384,757)

    $

    (24,450,154)

    Other comprehensive loss

    Foreign currency translation adjustments

    (10,490)

    (2,860)

    (131,815)

    (84,327)

    Comprehensive loss

    $

    (9,533,473)

    $

    (10,859,355)

    $

    (19,516,572)

    $

    (24,534,481)

    Net loss per share

    Basic and diluted

    $

    (0.17)

    $

    (0.19)

    $

    (0.34)

    $

    (0.43)

    Weighted average shares outstanding:

    Basic and diluted

    57,293,826

    57,003,488

    57,269,726

    56,752,454

     

     

    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In $USD, except share and per share data)

    Nine Months Ended
    March 31,

    2026

    2025

    Net loss

    $

    (19,384,757)

    $

    (24,450,154)

    Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:

    Depreciation and amortization

    691,894

    592,280

    Credit loss expenses

    11,537,950

    13,389,767

    Right-of-use assets amortization

    1,172,118

    1,001,101

    Stock-based compensation expenses

    2,752,467

    4,923,751

    Inventory impairment

    2,386,751

    73,692

    Loss from equity method investment

    676,416

    407,028

    Debt issuance cost amortization

    96,937

    Changes in operating assets and liabilities:

    Accounts receivable

    6,841,795

    (14,080,837)

    Inventories

    (1,218,825)

    (1,485,433)

    Prepaid expenses and other current assets

    (1,332,448)

    (715,969)

    Accounts payable and accounts payable – related party

    (3,428,411)

    10,962,439

    Contract liabilities

    (1,817,780)

    (756,872)

    Accrued liabilities and other payables

    (876,774)

    (969,068)

    Operating lease liabilities

    (1,291,706)

    (961,244)

    Net cash used in operating activities

    (3,194,373)

    (12,069,519)

    Cash flows from investing activities:

    Purchase of property, plant and equipment

    (324,225)

    (140,956)

    Capitalized costs for patents

    (449,191)

    (781,254)

    Investment in joint venture

    (1,298,311)

    (767,285)

    Net cash used in investing activities

    (2,071,727)

    (1,689,495)

    Cash flows from financing activities:

    Common stock repurchase

    (45,001)

    (60,488)

    Proceeds from long term debt

    2,339,362

    Repayment of borrowing

    (957,012)

    Net cash (used in)/provided by financing activities

    (1,002,013)

    2,278,874

    Net decrease in cash

    (6,268,113)

    (11,480,140)

    Cash – beginning of period

    24,351,765

    35,071,294

    Cash and restricted cash– end of period

    $

    18,083,652

    $

    23,591,154

    Reconciliation of cash and restricted cash

    Cash

    18,033,652

    23,518,560

    Restricted cash

    50,000

    72,594

    Total cash and restricted cash

    $

    18,083,652

    $

    23,591,154

    Supplemental non-cash investing and financing activities

    Reclassification of accounts receivable – noncurrent to accounts receivable

    $

    6,934,364

    $

    Reclassification of accounts payable – related party to amount due to a related party

    $

    10,000,000

    $

    Leased assets obtained in exchange for operating lease liabilities

    $

    $

    2,771,082

    Unpaid long term investment in accrued liabilities and other payables

    $

    $

    8,232,715

    Supplemental disclosures

    Cash paid for income taxes

    $

    1,614,273

    $

    1,413,533

    Cash paid for interest

    $

    299,582

    $

    60,183

     

     

    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In $USD, except share and per share data)

    Three Months Ended

    March 31,

    2026

    2025

    Net loss

    $     (9,522,983)

    $       (10,856,495)

    Adjustments to reconcile net loss to net cash -used in/
    provided by operating activities:

    $                       –

    $                           –

    Depreciation and amortization

    $           210,652

    $               198,955

    Credit loss expenses

    $        5,564,497

    $            6,103,688

    Right-of-use assets amortization

    $           479,982

    $               371,717

    Stock-based compensation expenses

    $           992,478

    $            1,470,877

    Inventory impairment

    $           849,313

    $                          –

    Loss from equity method investment

    $           290,083

    $               230,360

    Debt issuance cost amortization

    $             32,312

    $                          –

    Changes in operating assets and liabilities:

    $                      –

    $                           –

    Accounts receivable

    $        3,662,298

    $            1,170,940

    Inventories

    $     (1,291,943)

    $               181,075

    Prepaid expenses and other current assets

    $        (363,641)

    $               139,686

    Accounts payable and accounts payable – related party

    $        3,582,462

    $         (9,743,313)

    Contract liabilities

    $     (1,927,665)

    $            (549,992)

    Accrued liabilities and other payables

    $          (99,500)

    $            (838,174)

    Operating lease liabilities

    $        (489,737)

    $            (376,953)

    Income tax payable

    $          (12,590)

    $                           –

    Net cash provided by operating activities

    $        1,956,018

    $       (12,497,629)

    $                      –

    Cash flows from investing activities:

    $                      –

    Purchase of property, plant and equipment

    $        (247,347)

    $               181,808

    Capitalized costs for patents

    $        (156,349)

    $                          –

    Investment in joint venture

    $        (765,000)

    $            (767,285)

    Net cash used in investing activities

    $     (1,168,696)

    $            (585,477)

    $                      –

    Cash flows from financing activities:

    $                      –

    Common stock repurchase

    $                      –

    $              (60,488)

    Proceeds from long term debt

    $                      –

    $            2,339,362

    Repayment of borrowing

    $        (319,004)

    $                           –

    Net cash used in financing activities

    $        (319,004)

    $            2,278,874

    $                       –

    Net increase in cash

    $           468,318

    $       (10,804,232)

    Cash – beginning of period

    $      17,615,334

    $          34,395,386

    Cash and restricted cash– end of period

    $      18,083,652

    $          23,591,154

    Reconciliation of cash and restricted cash

    Cash

    $      18,033,652

    $          23,518,560

    Restricted cash

    $             50,000

    $                 72,594

    Total cash and restricted cash

    $      18,083,652

    $          23,591,154

    Supplemental non-cash investing and financing activities

    Reclassification of accounts receivable – noncurrent to accounts receivable

    $                      –

    $                          –

    Reclassification of accounts payable – related party to amount due to a
    related party

    $        6,000,000

    $                          –

    Leased assets obtained in exchange for operating lease liabilities

    $                      –

    $            2,771,082

    Unpaid long term investment in accrued liabilities and other payables

    $                      –

    $            8,232,715

    Supplemental disclosures

    $                      –

    $                          –

    Cash paid for income taxes

     $                  3,081    –  

    $                           –

    Cash paid for interest

    $             87,215

    $                 35,646

    SOURCE Ispire Technology Inc.

  • Ispire Technology Inc. Reports Financial Results for Fiscal Third Quarter 2026

    Ispire Technology Inc. Reports Financial Results for Fiscal Third Quarter 2026

    Cash Increased Sequentially by $468,000 to $18 Million

    Plans to Achieve Cash Flow Positive in Second Half of Calendar Year 2026

    Business Stabilized Following Strategic Repositioning

    Phased Roadmap Targets Billions in Addressable Market, Including ~$73B Global Vape, ~$50–70B U.S. Flavored Vape, and $24B+ Global G-Mesh Glass Technology

    LOS ANGELES, May 7, 2026 /PRNewswire/ — Ispire Technology Inc. (Nasdaq: ISPR) (“Ispire,” the “Company,” “we,” “us,” or “our”), an innovator in vaping technology and precision dosing, today reported financial results for the third quarter of fiscal 2026, for the three months ended March 31, 2026.

    Michael Wang, Co-Chief Executive Officer of Ispire, commented, “This quarter reflects the successful stabilization of our business and with cash growing sequentially by $468,000 to $18 million, we are now executing against a phased roadmap, with near-term revenue drivers already in production and transformative technology opportunities on the horizon:

    • Our Malaysia manufacturing is live today, giving us a 25% tariff advantage over China in a ~$73B global vape market.
      • Supply of nicotine pouches to global customers commenced in April 2026.
    • Vapor ODM launches in July 2026 for mid-sized brands, with large brand partnerships targeted for 2027.
    • Looking further ahead (2027 and beyond):
      • Age-gating technology through IKE Tech has the potential to unlock the ~$50–70B US flavored vape market
      • G-Mesh glass technology is already drawing interest from big tobacco in a $24B+ legal global market.

    “With cash generation this quarter and proprietary technologies in age-gating and G-Mesh that no competitor can replicate, we have multiple shots on goal across billion-dollar markets, and we believe Ispire is uniquely positioned to deliver outsized value for shareholders.”

    Multiple Growth Catalysts, Each Backed by a Massive Addressable Market

    Catalyst

    Timeline

    Opportunity

    Malaysia
    Manufacturing

    Now

    ~$73B global vape market; 25% tariff advantage over
    China

    Vapor ODM

    July 2026 /
    2027

    Mid-sized brands in 2026; large brand partnerships in
    2027

    Age-Gating (IKE
    Tech)

    2027+

    ~$50-70B US flavored vape market currently locked;
    ~6B devices/year US TAM

    G-Mesh Technology

    2027+

    $24B+ legal global vape market; licensing discussions
    with big tobacco underway

    Financial Results for the Fiscal Third Quarter Ended March 31, 2026

    • Revenue was $18.7 million, compared to $26.2 million in the third quarter of fiscal 2025 and $20.3 million in the prior sequential quarter. The sequential decline of $1.6 million, or 8%, represents the smallest second-to-third quarter decline in the Company’s history, reflecting the typical seasonal impact of Chinese New Year-related factory shutdowns. The year-over-year decline reflects the Company’s continued strategic shift away from lower-quality cannabis revenue toward regulated nicotine delivery and compliance technologies. Overall, the business continues to stabilize.
    • Gross profit of $2.0 million compared to $4.8 million for the third quarter of fiscal 2025 and $3.5 million in the prior sequential quarter. Gross margin was impacted by approximately $2.2 million in one-time product returns from legacy cannabis customers with whom the Company has ceased doing business. Gross margin of 10.7% compared to 18.2% for the third quarter of fiscal 2025, is primarily attributable to the approximately $2.2 million one-time product returns from legacy cannabis customers with whom the Company has ceased doing business.
    • Total operating expenses excluding bad debt expense of $5.9 million, a 36% reduction when compared to operating expenses of $9.3 million for the third quarter of fiscal 2025, and a 3.7% reduction when compared to operating expenses of $6.1 million in the prior sequential quarter. Bad debt expense was $5.6 million, which is $0.5 million less than the third quarter of fiscal 2025 and $1.4 million more than the prior quarter.
    • Net loss of $9.5 million or ($0.17) per share, a 12.3% decrease, compared to net loss of $10.9 million, or ($0.19) per share, in the third quarter of fiscal 2025, and a 44.4% increase compared a net loss of $6.6 million in the prior sequential quarter.
    • Cash: At March 31, 2026, the Company held cash of $18.0 million and working capital of $0.9 million.

    Conference Call

    The Company will conduct a conference call at 8 am ET on Friday, May 7, 2026, to discuss the results, followed by a Q&A session.

    To listen to the conference call, please dial in using the information below. When prompted upon dialing-in, please ask for the “Ispire Technology Call.”

    • Date: Thursday, May 7, 2026
    • Time: 8:00 am ET 
    • Dial-In Numbers: United States 844-826-3033 or International + 1-412-317-5185

    This conference call will be webcast live and can be accessed by all interested parties at  https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007

    Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

    A playback will be available until 11:59 pm ET on Friday, May 21, 2026. To listen, please dial 1-844-512-2921 or 1-412-317-6671. Use the passcode 10208863 to access the replay.

    About Ispire Technology Inc.

    Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company’s operating subsidiaries own or license more than 400 patents worldwide. Ispire’s branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People’s Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company’s cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information visit www.ispiretechnology.com or follow Inspire on InstagramLinkedInTwitter and YouTube.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: whether the Company may be successful in re-entering the U.S. ENDS market; the approval or rejection of any PMTA submitted by the Company; whether the Company will be successful in its plans to further expand into the African market; whether the Company’s joint venture with Touch Point Worldwide Inc. d/b/a/ Berify and Chemular Inc. (the “Joint Venture”) may be successful in achieving its goals as currently contemplated, with different terms, or at all; the Joint Venture’s ability to innovate in the e-cigarette technology space or develop age gating or age verification technologies for nicotine vaping devices; the Company’s ability to collect its accounts receivable in a timely manner; the Company’s business strategies; the ability of the Company to market to the Ispire ONE™; Ispire ONE™’s success in meeting its goals; the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of its products on the markets; the Ispire ONE™ proving to be safe; and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Ispire’s Annual Report on Form 10-K for the year ended June 30, 2025 and any subsequent filings which Ispire makes with the SEC. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by applicable law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

    Contact:

    HAYDEN IR:
    James Carbonara
    (646)-755-7412
    [email protected]

    Brett Maas
    (646) 536-7331
    [email protected]

    — Tables Follow –

    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (In $USD, except share and per share data)






    March 31,
    2026



    June 30,
    2025


    Assets







    Current assets:







    Cash


    $

    18,033,652



    $

    24,351,765


    Restricted cash



    50,000





    Accounts receivable, net



    28,651,558




    39,664,145


    Inventories



    5,480,044




    6,647,970


    Prepaid expenses and other current assets



    3,523,741




    2,244,505


    Total current assets



    55,738,995




    72,908,385


    Non-current assets:









    Accounts receivable, net of current portion






    7,367,158


    Property, plant and equipment, net



    2,665,534




    2,952,800


    Intangible assets, net



    2,601,408




    2,232,620


    Right-of-use assets – operating leases



    3,855,373




    5,030,005


    Other investment



    2,000,000




    2,000,000


    Equity method investment



    8,839,130




    9,515,546


    Other non-current assets



    210,617




    210,617


    Total non-current assets



    20,172,062




    29,308,746


    Total assets


    $

    75,911,057



    $

    102,217,131


    Liabilities and stockholders’ (deficit)/equity









    Current liabilities









    Accounts payable


    $

    5,005,033



    $

    4,172,476


    Accounts payable – related party



    38,159,288




    52,420,256


    Contract liabilities



    3,043,470




    4,861,250


    Accrued liabilities and other payables



    6,003,509




    8,099,991


    Borrowing – current portion



    1,092,052




    1,146,766


    Operating lease liabilities – current portion



    1,546,770




    1,838,815


    Total current liabilities



    54,850,122




    72,539,554











    Non-current liabilities:









    Amount due to a related party



    35,000,000




    25,000,000


    Borrowing – net of current portion






    805,361


    Operating lease liabilities – net of current portion



    2,265,347




    3,267,522


    Total non-current liabilities



    37,265,347




    29,072,883


    Total liabilities



    92,115,469




    101,612,437











    Commitments and contingencies


















    Stockholders’ (deficit)/equity:









    Common stock, par value $0.0001 per share; 140,000,000 shares authorized;
         57,399,396 and 57,193,734 shares issued and outstanding as of March 31, 2026
         and June 30, 2025



    5,740




    5,719


    Treasury stock, at cost



    (60,488)




    (60,488)


    Additional paid-in capital



    51,541,046




    48,833,601


    Accumulated deficit



    (67,450,024)




    (48,065,267)


    Accumulated other comprehensive loss



    (240,686)




    (108,871)


    Total stockholders’ (deficit)/equity



    (16,204,412)




    604,694


    Total liabilities and stockholders’ (deficit)/equity


    $

    75,911,057



    $

    102,217,131


    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
    COMPREHENSIVE LOSS

    (In $USD, except share and per share data)




    Three Months Ended
    March 31,



    Nine Months Ended
    March 31,




    2026



    2025



    2026



    2025















    Revenue


    $

    18,685,501



    $

    26,190,725



    $

    69,322,941



    $

    107,356,898



















    Cost of revenue



    16,694,576




    21,414,820




    58,710,643




    87,184,044



















    Gross profit



    1,990,925




    4,775,905




    10,612,298




    20,172,854



















    Operating expenses:

















    Sales and marketing expenses



    1,091,907




    1,656,527




    4,133,079




    6,710,438


    Credit loss expenses



    5,564,497




    6,103,688




    11,537,950




    13,389,767


    General and administrative expenses



    4,818,256




    7,601,131




    13,995,180




    23,281,014



















    Total Operating expenses



    11,474,660




    15,361,346




    29,666,209




    43,381,219



















    Loss from operations



    (9,483,735)




    (10,585,441)




    (19,053,911)




    (23,208,365)



















    Other income (expense):

















    Interest income



    52,971




    3,480




    253,365




    63,321


    Interest expense



    (87,215)




    (35,646)




    (299,582)




    (60,183)


    Exchange (loss) gain, net



    (30,294)




    24,341




    269,745




    (103,247)


    Other income (expense), net



    202,697




    (86,239)




    215,688




    (47,906)



















    Total Other income (expense), net



    138,159




    (94,064)




    439,216




    (148,015)



















    Loss before income taxes



    (9,345,576)




    (10,679,505)




    (18,614,695)




    (23,356,380)



















    Income taxes



    (177,407)




    (176,990)




    (770,062)




    (1,093,774)



















    Net loss


    $

    (9,522,983)



    $

    (10,856,495)



    $

    (19,384,757)



    $

    (24,450,154)



















    Other comprehensive loss

















    Foreign currency translation adjustments



    (10,490)




    (2,860)




    (131,815)




    (84,327)


    Comprehensive loss


    $

    (9,533,473)



    $

    (10,859,355)



    $

    (19,516,572)



    $

    (24,534,481)



















    Net loss per share

















    Basic and diluted


    $

    (0.17)



    $

    (0.19)



    $

    (0.34)



    $

    (0.43)



















    Weighted average shares outstanding:

















    Basic and diluted



    57,293,826




    57,003,488




    57,269,726




    56,752,454


    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In $USD, except share and per share data)




    Nine Months Ended
    March 31,




    2026



    2025









    Net loss


    $

    (19,384,757)



    $

    (24,450,154)


    Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:









    Depreciation and amortization



    691,894




    592,280


    Credit loss expenses



    11,537,950




    13,389,767


    Right-of-use assets amortization



    1,172,118




    1,001,101


    Stock-based compensation expenses



    2,752,467




    4,923,751


    Inventory impairment



    2,386,751




    73,692


    Loss from equity method investment



    676,416




    407,028


    Debt issuance cost amortization



    96,937





    Changes in operating assets and liabilities:









    Accounts receivable



    6,841,795




    (14,080,837)


    Inventories



    (1,218,825)




    (1,485,433)


    Prepaid expenses and other current assets



    (1,332,448)




    (715,969)


    Accounts payable and accounts payable – related party



    (3,428,411)




    10,962,439


    Contract liabilities



    (1,817,780)




    (756,872)


    Accrued liabilities and other payables



    (876,774)




    (969,068)


    Operating lease liabilities



    (1,291,706)




    (961,244)


    Net cash used in operating activities



    (3,194,373)




    (12,069,519)











    Cash flows from investing activities:









    Purchase of property, plant and equipment



    (324,225)




    (140,956)


    Capitalized costs for patents



    (449,191)




    (781,254)


    Investment in joint venture



    (1,298,311)




    (767,285)


    Net cash used in investing activities



    (2,071,727)




    (1,689,495)











    Cash flows from financing activities:









    Common stock repurchase



    (45,001)




    (60,488)


    Proceeds from long term debt






    2,339,362


    Repayment of borrowing



    (957,012)





    Net cash (used in)/provided by financing activities



    (1,002,013)




    2,278,874











    Net decrease in cash



    (6,268,113)




    (11,480,140)


    Cash – beginning of period



    24,351,765




    35,071,294


    Cash and restricted cash– end of period


    $

    18,083,652



    $

    23,591,154


    Reconciliation of cash and restricted cash









    Cash



    18,033,652




    23,518,560


    Restricted cash



    50,000




    72,594


    Total cash and restricted cash


    $

    18,083,652



    $

    23,591,154


    Supplemental non-cash investing and financing activities









    Reclassification of accounts receivable – noncurrent to accounts receivable


    $

    6,934,364



    $


    Reclassification of accounts payable – related party to amount due to a related party


    $

    10,000,000



    $


    Leased assets obtained in exchange for operating lease liabilities


    $



    $

    2,771,082


    Unpaid long term investment in accrued liabilities and other payables


    $



    $

    8,232,715


    Supplemental disclosures









    Cash paid for income taxes


    $

    1,614,273



    $

    1,413,533


    Cash paid for interest


    $

    299,582



    $

    60,183


    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In $USD, except share and per share data)



    Three Months Ended


    March 31,


    2026



    2025

    Net loss

    $     (9,522,983)



    $       (10,856,495)

    Adjustments to reconcile net loss to net cash -used in/provided by operating
    activities:

    $                       –



    $                           –

    Depreciation and amortization

    $           210,652



    $               198,955

    Credit loss expenses

    $        5,564,497



    $            6,103,688

    Right-of-use assets amortization

    $           479,982



    $               371,717

    Stock-based compensation expenses

    $           992,478



    $            1,470,877

    Inventory impairment

    $           849,313



    $                          –

    Loss from equity method investment

    $           290,083



    $               230,360

    Debt issuance cost amortization

    $             32,312



    $                          –

    Changes in operating assets and liabilities:

    $                      –



    $                           –

    Accounts receivable

    $        3,662,298



    $            1,170,940

    Inventories

    $     (1,291,943)



    $               181,075

    Prepaid expenses and other current assets

    $        (363,641)



    $               139,686

    Accounts payable and accounts payable – related party

    $        3,582,462



    $         (9,743,313)

    Contract liabilities

    $     (1,927,665)



    $            (549,992)

    Accrued liabilities and other payables

    $          (99,500)



    $            (838,174)

    Operating lease liabilities

    $        (489,737)



    $            (376,953)

    Income tax payable

    $          (12,590)



    $                           –

    Net cash provided by operating activities

    $        1,956,018



    $       (12,497,629)


    $                      –




    Cash flows from investing activities:

    $                      –




    Purchase of property, plant and equipment

    $        (247,347)



    $               181,808

    Capitalized costs for patents

    $        (156,349)



    $                          –

    Investment in joint venture

    $        (765,000)



    $            (767,285)

    Net cash used in investing activities

    $     (1,168,696)



    $            (585,477)


    $                      –




    Cash flows from financing activities:

    $                      –




    Common stock repurchase

    $                      –



    $              (60,488)

    Proceeds from long term debt

    $                      –



    $            2,339,362

    Repayment of borrowing

    $        (319,004)



    $                           –

    Net cash used in financing activities

    $        (319,004)



    $            2,278,874


    $                       –




    Net increase in cash

    $           468,318



    $       (10,804,232)

    Cash – beginning of period

    $      17,615,334



    $          34,395,386

    Cash and restricted cash– end of period

    $      18,083,652



    $          23,591,154

    Reconciliation of cash and restricted cash





    Cash

    $      18,033,652



    $          23,518,560

    Restricted cash

    $             50,000



    $                 72,594

    Total cash and restricted cash

    $      18,083,652



    $          23,591,154

    Supplemental non-cash investing and financing activities





    Reclassification of accounts receivable – noncurrent to accounts receivable

    $                      –



    $                          –

    Reclassification of accounts payable – related party to amount due to a
    related party

    $        6,000,000



    $                          –

    Leased assets obtained in exchange for operating lease liabilities

    $                      –



    $            2,771,082

    Unpaid long term investment in accrued liabilities and other payables

    $                      –



    $            8,232,715

    Supplemental disclosures

    $                      –



    $                          –

    Cash paid for income taxes

     $                  3,081    –  



    $                           –

    Cash paid for interest

    $             87,215



    $                 35,646

    SOURCE Ispire Technology Inc.


    Read original release

  • Ispire Technology Inc. Reports Financial Results for Fiscal Third Quarter 2026

    Ispire Technology Inc. Reports Financial Results for Fiscal Third Quarter 2026

    Cash Increased Sequentially by $468,000 to $18 Million

    Plans to Achieve Cash Flow Positive in Second Half of Calendar Year 2026

    Business Stabilized Following Strategic Repositioning

    Phased Roadmap Targets Billions in Addressable Market, Including ~$73B Global Vape, ~$50–70B U.S. Flavored Vape, and $24B+ Global G-Mesh Glass Technology

    LOS ANGELES, May 7, 2026 /PRNewswire/ — Ispire Technology Inc. (Nasdaq: ISPR) (“Ispire,” the “Company,” “we,” “us,” or “our”), an innovator in vaping technology and precision dosing, today reported financial results for the third quarter of fiscal 2026, for the three months ended March 31, 2026.

    Michael Wang, Co-Chief Executive Officer of Ispire, commented, “This quarter reflects the successful stabilization of our business and with cash growing sequentially by $468,000 to $18 million, we are now executing against a phased roadmap, with near-term revenue drivers already in production and transformative technology opportunities on the horizon:

    • Our Malaysia manufacturing is live today, giving us a 25% tariff advantage over China in a ~$73B global vape market.
      • Supply of nicotine pouches to global customers commenced in April 2026.
    • Vapor ODM launches in July 2026 for mid-sized brands, with large brand partnerships targeted for 2027.
    • Looking further ahead (2027 and beyond):
      • Age-gating technology through IKE Tech has the potential to unlock the ~$50–70B US flavored vape market
      • G-Mesh glass technology is already drawing interest from big tobacco in a $24B+ legal global market.

    “With cash generation this quarter and proprietary technologies in age-gating and G-Mesh that no competitor can replicate, we have multiple shots on goal across billion-dollar markets, and we believe Ispire is uniquely positioned to deliver outsized value for shareholders.”

    Multiple Growth Catalysts, Each Backed by a Massive Addressable Market

    Catalyst

    Timeline

    Opportunity

    Malaysia
    Manufacturing

    Now

    ~$73B global vape market; 25% tariff advantage over
    China

    Vapor ODM

    July 2026 /
    2027

    Mid-sized brands in 2026; large brand partnerships in
    2027

    Age-Gating (IKE
    Tech)

    2027+

    ~$50-70B US flavored vape market currently locked;
    ~6B devices/year US TAM

    G-Mesh Technology

    2027+

    $24B+ legal global vape market; licensing discussions
    with big tobacco underway

    Financial Results for the Fiscal Third Quarter Ended March 31, 2026

    • Revenue was $18.7 million, compared to $26.2 million in the third quarter of fiscal 2025 and $20.3 million in the prior sequential quarter. The sequential decline of $1.6 million, or 8%, represents the smallest second-to-third quarter decline in the Company’s history, reflecting the typical seasonal impact of Chinese New Year-related factory shutdowns. The year-over-year decline reflects the Company’s continued strategic shift away from lower-quality cannabis revenue toward regulated nicotine delivery and compliance technologies. Overall, the business continues to stabilize.
    • Gross profit of $2.0 million compared to $4.8 million for the third quarter of fiscal 2025 and $3.5 million in the prior sequential quarter. Gross margin was impacted by approximately $2.2 million in one-time product returns from legacy cannabis customers with whom the Company has ceased doing business. Gross margin of 10.7% compared to 18.2% for the third quarter of fiscal 2025, is primarily attributable to the approximately $2.2 million one-time product returns from legacy cannabis customers with whom the Company has ceased doing business.
    • Total operating expenses excluding bad debt expense of $5.9 million, a 36% reduction when compared to operating expenses of $9.3 million for the third quarter of fiscal 2025, and a 3.7% reduction when compared to operating expenses of $6.1 million in the prior sequential quarter. Bad debt expense was $5.6 million, which is $0.5 million less than the third quarter of fiscal 2025 and $1.4 million more than the prior quarter.
    • Net loss of $9.5 million or ($0.17) per share, a 12.3% decrease, compared to net loss of $10.9 million, or ($0.19) per share, in the third quarter of fiscal 2025, and a 44.4% increase compared a net loss of $6.6 million in the prior sequential quarter.
    • Cash: At March 31, 2026, the Company held cash of $18.0 million and working capital of $0.9 million.

    Conference Call

    The Company will conduct a conference call at 8 am ET on Friday, May 7, 2026, to discuss the results, followed by a Q&A session.

    To listen to the conference call, please dial in using the information below. When prompted upon dialing-in, please ask for the “Ispire Technology Call.”

    • Date: Thursday, May 7, 2026
    • Time: 8:00 am ET 
    • Dial-In Numbers: United States 844-826-3033 or International + 1-412-317-5185

    This conference call will be webcast live and can be accessed by all interested parties at  https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007

    Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

    A playback will be available until 11:59 pm ET on Friday, May 21, 2026. To listen, please dial 1-844-512-2921 or 1-412-317-6671. Use the passcode 10208863 to access the replay.

    About Ispire Technology Inc.

    Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company’s operating subsidiaries own or license more than 400 patents worldwide. Ispire’s branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People’s Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company’s cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information visit www.ispiretechnology.com or follow Inspire on InstagramLinkedInTwitter and YouTube.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: whether the Company may be successful in re-entering the U.S. ENDS market; the approval or rejection of any PMTA submitted by the Company; whether the Company will be successful in its plans to further expand into the African market; whether the Company’s joint venture with Touch Point Worldwide Inc. d/b/a/ Berify and Chemular Inc. (the “Joint Venture”) may be successful in achieving its goals as currently contemplated, with different terms, or at all; the Joint Venture’s ability to innovate in the e-cigarette technology space or develop age gating or age verification technologies for nicotine vaping devices; the Company’s ability to collect its accounts receivable in a timely manner; the Company’s business strategies; the ability of the Company to market to the Ispire ONE™; Ispire ONE™’s success in meeting its goals; the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of its products on the markets; the Ispire ONE™ proving to be safe; and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Ispire’s Annual Report on Form 10-K for the year ended June 30, 2025 and any subsequent filings which Ispire makes with the SEC. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by applicable law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

    Contact:

    HAYDEN IR:
    James Carbonara
    (646)-755-7412
    [email protected]

    Brett Maas
    (646) 536-7331
    [email protected]

    — Tables Follow –

    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (In $USD, except share and per share data)






    March 31,
    2026



    June 30,
    2025


    Assets







    Current assets:







    Cash


    $

    18,033,652



    $

    24,351,765


    Restricted cash



    50,000





    Accounts receivable, net



    28,651,558




    39,664,145


    Inventories



    5,480,044




    6,647,970


    Prepaid expenses and other current assets



    3,523,741




    2,244,505


    Total current assets



    55,738,995




    72,908,385


    Non-current assets:









    Accounts receivable, net of current portion






    7,367,158


    Property, plant and equipment, net



    2,665,534




    2,952,800


    Intangible assets, net



    2,601,408




    2,232,620


    Right-of-use assets – operating leases



    3,855,373




    5,030,005


    Other investment



    2,000,000




    2,000,000


    Equity method investment



    8,839,130




    9,515,546


    Other non-current assets



    210,617




    210,617


    Total non-current assets



    20,172,062




    29,308,746


    Total assets


    $

    75,911,057



    $

    102,217,131


    Liabilities and stockholders’ (deficit)/equity









    Current liabilities









    Accounts payable


    $

    5,005,033



    $

    4,172,476


    Accounts payable – related party



    38,159,288




    52,420,256


    Contract liabilities



    3,043,470




    4,861,250


    Accrued liabilities and other payables



    6,003,509




    8,099,991


    Borrowing – current portion



    1,092,052




    1,146,766


    Operating lease liabilities – current portion



    1,546,770




    1,838,815


    Total current liabilities



    54,850,122




    72,539,554











    Non-current liabilities:









    Amount due to a related party



    35,000,000




    25,000,000


    Borrowing – net of current portion






    805,361


    Operating lease liabilities – net of current portion



    2,265,347




    3,267,522


    Total non-current liabilities



    37,265,347




    29,072,883


    Total liabilities



    92,115,469




    101,612,437











    Commitments and contingencies


















    Stockholders’ (deficit)/equity:









    Common stock, par value $0.0001 per share; 140,000,000 shares authorized;
         57,399,396 and 57,193,734 shares issued and outstanding as of March 31, 2026
         and June 30, 2025



    5,740




    5,719


    Treasury stock, at cost



    (60,488)




    (60,488)


    Additional paid-in capital



    51,541,046




    48,833,601


    Accumulated deficit



    (67,450,024)




    (48,065,267)


    Accumulated other comprehensive loss



    (240,686)




    (108,871)


    Total stockholders’ (deficit)/equity



    (16,204,412)




    604,694


    Total liabilities and stockholders’ (deficit)/equity


    $

    75,911,057



    $

    102,217,131


    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
    COMPREHENSIVE LOSS

    (In $USD, except share and per share data)




    Three Months Ended
    March 31,



    Nine Months Ended
    March 31,




    2026



    2025



    2026



    2025















    Revenue


    $

    18,685,501



    $

    26,190,725



    $

    69,322,941



    $

    107,356,898



















    Cost of revenue



    16,694,576




    21,414,820




    58,710,643




    87,184,044



















    Gross profit



    1,990,925




    4,775,905




    10,612,298




    20,172,854



















    Operating expenses:

















    Sales and marketing expenses



    1,091,907




    1,656,527




    4,133,079




    6,710,438


    Credit loss expenses



    5,564,497




    6,103,688




    11,537,950




    13,389,767


    General and administrative expenses



    4,818,256




    7,601,131




    13,995,180




    23,281,014



















    Total Operating expenses



    11,474,660




    15,361,346




    29,666,209




    43,381,219



















    Loss from operations



    (9,483,735)




    (10,585,441)




    (19,053,911)




    (23,208,365)



















    Other income (expense):

















    Interest income



    52,971




    3,480




    253,365




    63,321


    Interest expense



    (87,215)




    (35,646)




    (299,582)




    (60,183)


    Exchange (loss) gain, net



    (30,294)




    24,341




    269,745




    (103,247)


    Other income (expense), net



    202,697




    (86,239)




    215,688




    (47,906)



















    Total Other income (expense), net



    138,159




    (94,064)




    439,216




    (148,015)



















    Loss before income taxes



    (9,345,576)




    (10,679,505)




    (18,614,695)




    (23,356,380)



















    Income taxes



    (177,407)




    (176,990)




    (770,062)




    (1,093,774)



















    Net loss


    $

    (9,522,983)



    $

    (10,856,495)



    $

    (19,384,757)



    $

    (24,450,154)



















    Other comprehensive loss

















    Foreign currency translation adjustments



    (10,490)




    (2,860)




    (131,815)




    (84,327)


    Comprehensive loss


    $

    (9,533,473)



    $

    (10,859,355)



    $

    (19,516,572)



    $

    (24,534,481)



















    Net loss per share

















    Basic and diluted


    $

    (0.17)



    $

    (0.19)



    $

    (0.34)



    $

    (0.43)



















    Weighted average shares outstanding:

















    Basic and diluted



    57,293,826




    57,003,488




    57,269,726




    56,752,454


    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In $USD, except share and per share data)




    Nine Months Ended
    March 31,




    2026



    2025









    Net loss


    $

    (19,384,757)



    $

    (24,450,154)


    Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:









    Depreciation and amortization



    691,894




    592,280


    Credit loss expenses



    11,537,950




    13,389,767


    Right-of-use assets amortization



    1,172,118




    1,001,101


    Stock-based compensation expenses



    2,752,467




    4,923,751


    Inventory impairment



    2,386,751




    73,692


    Loss from equity method investment



    676,416




    407,028


    Debt issuance cost amortization



    96,937





    Changes in operating assets and liabilities:









    Accounts receivable



    6,841,795




    (14,080,837)


    Inventories



    (1,218,825)




    (1,485,433)


    Prepaid expenses and other current assets



    (1,332,448)




    (715,969)


    Accounts payable and accounts payable – related party



    (3,428,411)




    10,962,439


    Contract liabilities



    (1,817,780)




    (756,872)


    Accrued liabilities and other payables



    (876,774)




    (969,068)


    Operating lease liabilities



    (1,291,706)




    (961,244)


    Net cash used in operating activities



    (3,194,373)




    (12,069,519)











    Cash flows from investing activities:









    Purchase of property, plant and equipment



    (324,225)




    (140,956)


    Capitalized costs for patents



    (449,191)




    (781,254)


    Investment in joint venture



    (1,298,311)




    (767,285)


    Net cash used in investing activities



    (2,071,727)




    (1,689,495)











    Cash flows from financing activities:









    Common stock repurchase



    (45,001)




    (60,488)


    Proceeds from long term debt






    2,339,362


    Repayment of borrowing



    (957,012)





    Net cash (used in)/provided by financing activities



    (1,002,013)




    2,278,874











    Net decrease in cash



    (6,268,113)




    (11,480,140)


    Cash – beginning of period



    24,351,765




    35,071,294


    Cash and restricted cash– end of period


    $

    18,083,652



    $

    23,591,154


    Reconciliation of cash and restricted cash









    Cash



    18,033,652




    23,518,560


    Restricted cash



    50,000




    72,594


    Total cash and restricted cash


    $

    18,083,652



    $

    23,591,154


    Supplemental non-cash investing and financing activities









    Reclassification of accounts receivable – noncurrent to accounts receivable


    $

    6,934,364



    $


    Reclassification of accounts payable – related party to amount due to a related party


    $

    10,000,000



    $


    Leased assets obtained in exchange for operating lease liabilities


    $



    $

    2,771,082


    Unpaid long term investment in accrued liabilities and other payables


    $



    $

    8,232,715


    Supplemental disclosures









    Cash paid for income taxes


    $

    1,614,273



    $

    1,413,533


    Cash paid for interest


    $

    299,582



    $

    60,183


    ISPIRE TECHNOLOGY INC.

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (In $USD, except share and per share data)



    Three Months Ended


    March 31,


    2026



    2025

    Net loss

    $     (9,522,983)



    $       (10,856,495)

    Adjustments to reconcile net loss to net cash -used in/provided by operating
    activities:

    $                       –



    $                           –

    Depreciation and amortization

    $           210,652



    $               198,955

    Credit loss expenses

    $        5,564,497



    $            6,103,688

    Right-of-use assets amortization

    $           479,982



    $               371,717

    Stock-based compensation expenses

    $           992,478



    $            1,470,877

    Inventory impairment

    $           849,313



    $                          –

    Loss from equity method investment

    $           290,083



    $               230,360

    Debt issuance cost amortization

    $             32,312



    $                          –

    Changes in operating assets and liabilities:

    $                      –



    $                           –

    Accounts receivable

    $        3,662,298



    $            1,170,940

    Inventories

    $     (1,291,943)



    $               181,075

    Prepaid expenses and other current assets

    $        (363,641)



    $               139,686

    Accounts payable and accounts payable – related party

    $        3,582,462



    $         (9,743,313)

    Contract liabilities

    $     (1,927,665)



    $            (549,992)

    Accrued liabilities and other payables

    $          (99,500)



    $            (838,174)

    Operating lease liabilities

    $        (489,737)



    $            (376,953)

    Income tax payable

    $          (12,590)



    $                           –

    Net cash provided by operating activities

    $        1,956,018



    $       (12,497,629)


    $                      –




    Cash flows from investing activities:

    $                      –




    Purchase of property, plant and equipment

    $        (247,347)



    $               181,808

    Capitalized costs for patents

    $        (156,349)



    $                          –

    Investment in joint venture

    $        (765,000)



    $            (767,285)

    Net cash used in investing activities

    $     (1,168,696)



    $            (585,477)


    $                      –




    Cash flows from financing activities:

    $                      –




    Common stock repurchase

    $                      –



    $              (60,488)

    Proceeds from long term debt

    $                      –



    $            2,339,362

    Repayment of borrowing

    $        (319,004)



    $                           –

    Net cash used in financing activities

    $        (319,004)



    $            2,278,874


    $                       –




    Net increase in cash

    $           468,318



    $       (10,804,232)

    Cash – beginning of period

    $      17,615,334



    $          34,395,386

    Cash and restricted cash– end of period

    $      18,083,652



    $          23,591,154

    Reconciliation of cash and restricted cash





    Cash

    $      18,033,652



    $          23,518,560

    Restricted cash

    $             50,000



    $                 72,594

    Total cash and restricted cash

    $      18,083,652



    $          23,591,154

    Supplemental non-cash investing and financing activities





    Reclassification of accounts receivable – noncurrent to accounts receivable

    $                      –



    $                          –

    Reclassification of accounts payable – related party to amount due to a
    related party

    $        6,000,000



    $                          –

    Leased assets obtained in exchange for operating lease liabilities

    $                      –



    $            2,771,082

    Unpaid long term investment in accrued liabilities and other payables

    $                      –



    $            8,232,715

    Supplemental disclosures

    $                      –



    $                          –

    Cash paid for income taxes

     $                  3,081    –  



    $                           –

    Cash paid for interest

    $             87,215



    $                 35,646

    SOURCE Ispire Technology Inc.


    Read original release

  • Ispire Technology Inc. 舉行 2026 財政年度第三季度財報電話會議

    Ispire Technology Inc. 舉行 2026 財政年度第三季度財報電話會議

    洛杉磯2026年5月2日 /美通社/ — Ispire Technology Inc.(「Ispire」或「公司」)(NASDAQ: ISPR) 是電子煙技術和精準劑量領域的開拓者,今天宣佈將於 2026 年 5 月 7 日(星期四)上午 8:00(美國東部時間)召開財報電話會議,討論公司截至 2026 年 3 月 31 日的第三季度財務業績。

    如欲收聽電話會議,請使用以下資料致電。 致電時,請依照指示要求加入「Ispire Technology 電話會議」。

    • 日期:2026 年 5 月 7 日(星期四)

    • 時間:上午 8:00(美國東部時間)

    • 電話號碼:844-826-3033(美國)或 + 1-412-317-5185(國際)

    本電話會議將安排網絡直播,如有興趣即可參加:https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007

    請在電話會議開始前至少 15 分鐘存取連結以便註冊、下載和安裝任何必要的音訊軟件。

    重播服務將於 2026 年 5 月 21 日(星期五)晚上 11:59(美國東部時間)前結束。 如要收聽,請致電:1-844-512-2921 或 1-412-317-6671。 使用密碼 10208863 存取重播內容。

    關於 Ispire Technology Inc.
    Ispire 從事品牌電子煙及大麻霧化產品的研發、設計、商業化、銷售、市場推廣及分銷。 公司旗下營運子公司在全球擁有或授權使用超過 400 項專利。 Ispire 的品牌電子煙產品以 Aspire 的名義銷售,主要透過其全球分銷網絡在全球銷售(美國、中華人民共和國和俄羅斯除外)。 公司也與全球電子煙品牌和零售商建立原廠委託設計代工 (ODM) 合作關係。 公司的大麻產品主要以 ODM 模式向其他大麻電子煙公司銷售,並以 Ispire 品牌銷售。 Ispire 在美國、歐洲和南非銷售其大麻電子煙硬件,最近開始在加拿大和拉丁美洲開展市場推廣活動和客戶互動。 如欲了解更多資訊,請瀏覽 www.ispiretechnology.com ,或到 InstagramLinkedInTwitterYouTube 關注 Ispire。

    投資者可聯絡:

    Hayden IR
    Brett Maas (646) 536-7331
    [email protected]

    Hayden IR
    James Carbonara (646)-755-7412
    [email protected]

    SOURCE Ispire Technology Inc.


    Read original release

  • Ispire Technology Inc.2026年度第3四半期決算電話会議を予定

    Ispire Technology Inc.2026年度第3四半期決算電話会議を予定

    ロサンゼルス, 2026年5月2日 /PRNewswire/ — 電子タバコ技術と精密投与の先駆者であるIspire Technology Inc.(以下「Ispire」または「当社」)(NASDAQ:ISPR)は、2026年3月31日に終了した第3四半期の結果について説明するため、2026年5月7日(木)午前8時(米国東部時間)より、決算電話会議を開催すると発表しました。

    決算説明会をお聞きになるには、以下の情報を使用してお電話でご参加ください。電話接続時に案内があった際は、「Ispire Technology Call」とお申し出ください。

    • 日付: 2026年5月7日(木)

    • 時間: 米国東部時間午前8時

    • ダイヤルイン番号: 米国からは844-826-3033、海外からは + 1-412-317-5185におかけください。

    この電話会議はウェブキャストでライブ配信され、関係者全員が   https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007からアクセスできます。

    通話開始の少なくとも15分前までにリンクにアクセスして登録の上、必要なオーディオ・ソフトウェアのダウンロードおよびインストールを行なってください。

    アーカイブ再生は、2026年5月21日 (金)午後11時59分(米国東部時間)までご利用いただけます。内容を聞くには、1-844-512-2921または1-412-317-6671にダイヤルしてください。アーカイブ再生にアクセスするには、パスコード10208863を使用してください。

    Ispire Technology Inc.について
    Ispire は、ブランド電子タバコおよび大麻用ベイピング製品の研究開発、設計、商品化、販売、マーケティング、ならびに流通に従事しています。当社の事業子会社は、世界で400件を超える特許を所有またはライセンスしています。Ispire のブランド電子タバコ製品は「Aspire」の名称で販売されており、米国・中華人民共和国・ロシアを除く世界各国で、主にグローバルな流通ネットワークを通じて提供されています。当社はまた、世界中の電子タバコブランドや小売業者とのODM(受託設計製造)関係にも取り組んでいます。当社の大麻製品は、Ispireのブランド名で主にODMベースで他の大麻蒸気会社に販売されています。Ispireは、米国、ヨーロッパ、南アフリカで大麻ベイピングハードウェアを販売しており、最近ではカナダ、ラテンアメリカでマーケティング活動と顧客エンゲージメントを開始しました。詳細については www.ispiretechnology.com をご覧いただくか、InstagramLinkedInTwitterYouTube でIspireをフォローしてください。

    投資家向けお問い合わせ先:

    Brett Maas
    Hayden IR
    (646) 536-7331
    [email protected]

    James Carbonara
    Hayden IR
    (646)-755-7412
    [email protected]

    ロゴ – https://mma.prnewswire.com/media/2771569/Ispire_Technology_Logo.jpg

    SOURCE Ispire Technology Inc.


    Read original release

  • Ispire Technology Inc. Schedules Fiscal Third Quarter 2026 Earnings Conference Call

    LOS ANGELESMay 1, 2026 /PRNewswire/ — Ispire Technology Inc. (“Ispire” or the “Company”) (NASDAQ: ISPR), a trailblazer in vaping technology and precision dosing, announced today that it will host its earnings conference call at 8:00 am ET on Thursday, May 7, 2026, to discuss the Company’s financial results for its fiscal third quarter ended March 31, 2026.

    To listen to the conference call, please dial in using the information below. When prompted upon dialing-in, please ask for the “Ispire Technology Call.”

    • Date: Thursday, May 7, 2026

    • Time: 8:00 am ET

    • Dial-In Numbers: United States 844-826-3033 or International + 1-412-317-5185

    This conference call will be webcast live and can be accessed by all interested parties at  https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007

    Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

    A playback will be available until 11:59 pm ET on Friday, May 21, 2026. To listen, please dial 1-844-512-2921 or 1-412-317-6671. Use the passcode 10208863 to access the replay.

    About Ispire Technology Inc.
    Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company’s operating subsidiaries own or license more than 400 patents worldwide. Ispire’s branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People’s Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company’s cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit www.ispiretechnology.com or follow Ispire on InstagramLinkedInTwitter and YouTube.

    Investor Contacts:

    Brett Maas
    Hayden IR
    (646) 536-7331
    brett@haydenir.com

    James Carbonara
    Hayden IR
    (646)-755-7412
    james@haydenir.com

    SOURCE Ispire Technology Inc.

  • Ispire Technology Inc. Schedules Fiscal Third Quarter 2026 Earnings Conference Call

    Ispire Technology Inc. Schedules Fiscal Third Quarter 2026 Earnings Conference Call

    LOS ANGELES, May 1, 2026 /PRNewswire/ — Ispire Technology Inc. (“Ispire” or the “Company”) (NASDAQ: ISPR), a trailblazer in vaping technology and precision dosing, announced today that it will host its earnings conference call at 8:00 am ET on Thursday, May 7, 2026, to discuss the Company’s financial results for its fiscal third quarter ended March 31, 2026.

    To listen to the conference call, please dial in using the information below. When prompted upon dialing-in, please ask for the “Ispire Technology Call.”

    • Date: Thursday, May 7, 2026

    • Time: 8:00 am ET

    • Dial-In Numbers: United States 844-826-3033 or International + 1-412-317-5185

    This conference call will be webcast live and can be accessed by all interested parties at  https://viavid.webcasts.com/starthere.jsp?ei=1761477&tp_key=3958311007

    Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.

    A playback will be available until 11:59 pm ET on Friday, May 21, 2026. To listen, please dial 1-844-512-2921 or 1-412-317-6671. Use the passcode 10208863 to access the replay.

    About Ispire Technology Inc.
    Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company’s operating subsidiaries own or license more than 400 patents worldwide. Ispire’s branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People’s Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company’s cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit www.ispiretechnology.com or follow Ispire on InstagramLinkedInTwitter and YouTube.

    Investor Contacts:

    Brett Maas
    Hayden IR
    (646) 536-7331
    [email protected]

    James Carbonara
    Hayden IR
    (646)-755-7412
    [email protected]

    SOURCE Ispire Technology Inc.


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