Ispire Technology reports Q1 revenue of $30.4 million and net loss of $3.3 million

Reuters11-06

Ispire Technology reports Q1 revenue of $30.4 million and net loss of $3.3 million

Ispire Technology Inc. reported revenue of $30.4 million for the first quarter of fiscal 2026, a decrease of 22.8% from $39.3 million in the same period last year. Gross profit was $5.1 million compared to $7.7 million the previous year, with gross margin declining to 17.0% from 19.5%. Total operating expenses fell by 39% to $7.8 million from $12.9 million. The company reported a net loss of $3.3 million, an improvement from the $5.6 million net loss in the prior year. Cash and cash equivalents stood at $22.7 million as of September 30, 2025, and net accounts receivable were reduced to $44.5 million from $62.4 million. The company attributed the revenue decrease to lower product sales in the United States and reduced vaping product sales in Asia Pacific, Europe, and South Africa, and noted a strategic focus on higher-quality customers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ispire Technology Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY17268) on November 06, 2025, and is solely responsible for the information contained therein.

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