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 • Hempacco • 22nd Century • BOTS • Reynolds American • RJ Reynolds Tobacco ...
SEC CIK
Corporate docs
IRS number
845106049
ISPR stock data
Latest filings (excl ownership)
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
S-1/A
IPO registration (amended)
18 Mar 24
8-K
Ispire Technology Inc. Reports Financial Results for the Fiscal Second Quarter 2024
20 Feb 24
10-Q
2024 Q2
Quarterly report
20 Feb 24
NT 10-Q
Notice of late quarterly filing
14 Feb 24
S-1
IPO registration
1 Feb 24
8-K
Other Events
1 Feb 24
Transcripts
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Annual (USD) | Jun 23 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | |||
---|---|---|---|---|---|---|
Cash on hand (at last report) | 25.69 mm | 25.69 mm | 25.69 mm | |||
Cash burn (monthly) | 4.87 mm | 303.76 k | 4.29 mm | |||
Cash used (since last report) | 33.81 mm | 2.11 mm | 29.80 mm | |||
Cash remaining | -8.12 mm | 23.58 mm | -4.11 mm | |||
Runway (months of cash) | -1.7 | 77.6 | -1.0 |
Institutional ownership, Q2 2023
2.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 25 |
Opened positions | 25 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 2.00 bn |
Total shares | 1.12 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Yong Rong | 875.00 k | $7.98 mm |
Citadel Advisors | 40.46 k | $368.97 mm |
UBS UBS Group AG - Registered Shares | 36.45 k | $332.41 mm |
Geode Capital Management | 28.11 k | $256.32 mm |
BLK Blackrock | 21.68 k | $197.68 mm |
Millennium Management | 20.34 k | $185.46 mm |
NTRS Northern Trust | 19.10 k | $174.15 mm |
Vanguard | 14.22 k | $129.71 mm |
New York State Common Retirement Fund | 13.40 k | $122.00 k |
STT State Street | 13.05 k | $118.98 mm |
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 Without Borders: Women Leaders Push For Global Market Expansion At Benzinga Cannabis Conference
25 Apr 24
Michael Wang Says E-Cigarete Market Leading Indicator For Cannabis Vaping; Part-Systems And Disposables Command Majority Of Market Share; Different Form Factors Popular
17 Apr 24
Michael Wang Says We Are In Community Game; Takes Community To Move Industry; Really Engage Branch Customers Partners In Product Development, Whole Ecosystem; Align Self With Best Partner To Provide Branded Customers Best Service
17 Apr 24
Michael Wang Says Make Sure Hardware Keeps Up With Change; Properly Address All Three Segments
17 Apr 24
Michael Wang Says In Vaping Business There Is Ability To Protect Minors Better Than Smoking Joints; Developing Age Gating Technology For Use; FDA Involved In Regulation; Age-Gating Technology Protects Minors And Opens Market Place For Adults; Flavors Could Be Less Issue
17 Apr 24
Press releases
Ispire Technology Inc. to Present at the Benzinga Cannabis Capital Conference on April 17, 2024
9 Apr 24
Ispire Technology Announces Closing of $12.3 Million Public Offering
26 Mar 24
Ispire Technology Announces Pricing of $12.3 Million Public Offering
22 Mar 24
Ispire, Berify and Chemular to Propel Innovation in Vape Hardware Manufacturing Industry
22 Feb 24
Ispire Technology Inc. Reports Financial Results for the Fiscal Second Quarter 2024
20 Feb 24