Overview
Ispire fiscal Q1 revenue falls 22.8% yr/yr, missing analyst expectations
Company's operating expenses drop 39% due to cost-cutting measures
Net loss narrows to $3.3 mln from $5.6 mln yr/yr
Outlook
Company expects operational improvements to continue through fiscal 2026
Company plans to ramp up production at Malaysian facility in fiscal 2026
Result Drivers
COST CUTTING - Co reduced operating expenses by 39% due to aggressive cost controls and disciplined expense management
STRATEGIC SHIFT - Co focused on quality customers over volume, impacting revenue but improving operational efficiency
GLOBAL TRACTION - IKE Tech joint venture gaining traction globally, working with regulators to adopt age-gating technology
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | $30.40 mln | $43 mln (1 Analyst) |
Q1 Net Income | -$3.30 mln | ||
Q1 Gross Margin | 17.00% | ||
Q1 Gross Profit | $5.10 mln | ||
Q1 Operating Expenses | $7.80 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the tobacco peer group is "buy"
Wall Street's median 12-month price target for Ispire Technology Inc is $6.50, about 72% above its November 5 closing price of $1.82
Press Release: ID:nPn2jXxH4a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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