Ispire highlights market opportunity established by FDA draft guidance

Ispire Technology (ISPR) highlighted the economic value and multi-billion-dollar market opportunity created for its shareholders by the U.S. Food and Drug Administration’s, FDA, newly issued draft guidance outlining evidentiary expectations for Premarket Tobacco Product Applications for flavored electronic nicotine delivery systems. The FDA’s guidance effectively unlocks a $50 billion total addressable market by providing a lawful pathway for flavored vapes, which currently consist largely of illicit products. Ispire’s 40%-owned joint venture, IKE Tech, is positioned to capture this market. IKE’s recurring SaaS revenue model is expected to generate $5 million to $20 million annually per customer. “We believe this guidance represents a major step toward a technology-enabled regulatory framework for the vapor category,” said Michael Wang, Co-Chief Executive Officer of Ispire. “FDA’s recognition of Device Access Restrictions validates our long-held position that continuous, device-level age verification can protect youth while preserving adult choice.”