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 from a related party more than 200 patents received or filed globally. Ispire’s tobacco products are marketed under the Aspire brand name and are sold worldwide (except in the United States, People’s Republic of China, and Russia) primarily through its distribution network. Ispire’s cannabis products are marketed under the Ispire brand name primarily on an original design manufacturer (ODM) basis to other cannabis vapor companies. Ispire currently sells its cannabis vaping hardware only in the United States, and it recently commenced marketing activities in Canada and Europe, primarily in the European Union.
Company profile
Ticker
ISPR
Exchange
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Philip Morris International • Altria • Vector • RLX Technology • TILT • 22nd Century • Hempacco • BOTS • Reynolds American • RJ Reynolds Tobacco ...
SEC CIK
Corporate docs
IRS number
845106049
ISPR stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
29 May 24
8-K
Departure of Directors or Certain Officers
24 May 24
8-K
Ispire Technology Inc. Names Jim McCormick as CFO; Upgrades Global Executive Leadership to Drive Company’s Expansion
20 May 24
8-K
Ispire Technology Inc. Reports Fiscal Third Quarter 2024 Financial Results
14 May 24
10-Q
2024 Q3
Quarterly report
14 May 24
DEF 14A
Definitive proxy
7 May 24
8-K
Entry into a Material Definitive Agreement
11 Apr 24
8-K
Ispire Technology Announces Pricing of $12.3 Million Public Offering
27 Mar 24
POS EX
Additional exhibits for listing
25 Mar 24
EFFECT
Notice of effectiveness
22 Mar 24
Financial summary
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Diluted EPS |
Annual (USD) | Jun 23 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 39.45 mm | 39.45 mm | 39.45 mm | 39.45 mm | 39.45 mm | 39.45 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.90 mm | 997.25 k | (no burn) | 1.14 mm |
Cash used (since last report) | n/a | n/a | 3.92 mm | 2.06 mm | n/a | 2.35 mm |
Cash remaining | n/a | n/a | 35.53 mm | 37.39 mm | n/a | 37.10 mm |
Runway (months of cash) | n/a | n/a | 18.7 | 37.5 | n/a | 32.6 |
Institutional ownership, Q4 2023
0.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 2 |
Closed positions | 26 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 464.05 mm |
Total shares | 38.26 k |
Total puts | 1.80 k |
Total calls | 4.10 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Mirae Asset Global Investments | 38.26 k | $464.05 mm |
Cutler | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Apr 24 | John Fargis | Common Stock | Grant | Acquire A | No | No | 0 | 3,631 | 0.00 | 4,912 |
4 Apr 24 | Brent Cox | Common Stock | Grant | Acquire A | No | No | 0 | 4,540 | 0.00 | 6,141 |
4 Apr 24 | Christopher Robert Burch | Common Stock | Grant | Acquire A | No | No | 0 | 3,631 | 0.00 | 3,631 |
27 Mar 24 | Ted Rouhani | RSU | Grant | Acquire A | No | No | 0 | 50,000 | 0.00 | 134,837 |
News
Cannabis Vape Tech Producer Ispire Enters South African Market Via Exclusive Deal With Dank Pack
28 May 24
Ispire Technology Appoints Jim McCormick As CFO
20 May 24
Roth MKM Initiates Coverage On Ispire Technology with Buy Rating, Announces Price Target of $11
20 May 24
Ispire Technology Reports $5.9M Quarterly Loss, Looks Toward Partnerships To Propel Company Into Profitable Territory
14 May 24
Ispire Technology Q3 2024 GAAP EPS $(0.11) Misses $0.02 Estimate, Sales $30.02M Miss $45.50M Estimate
14 May 24
Press releases
Ispire Technology Inc. to Present at the KCSA Cannabis Virtual Investor Conference June 5th
30 May 24
Ispire Technology Inc. Signs Exclusive Distribution Deal with Dank Pack, South Africa's Leading Supplier of Cannabis Packaging, Accessories, Supplies and Equipment
28 May 24
Ispire Technology Inc. Names Jim McCormick as CFO; Upgrades Global Executive Leadership to Drive Company's Expansion
20 May 24
Ispire Technology Inc. Reports Fiscal Third Quarter 2024 Financial Results
14 May 24
Ispire Technology Announces Participation in Upcoming Vapor Conferences
9 May 24