Ispire Technology, Inc. (ISPR)
NASDAQ:ISPR
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Ispire Technology, Inc.
(NASDAQ:ISPR)
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Rating:49Neutral
Price Target:
$2.00
▲(2.04% Upside)
Action:Reiterated
Date:05/20/26
ISPR scores low primarily due to weak financial performance (declining revenue, persistent losses, negative free cash flow, and a high-risk balance sheet with negative equity). Near-term technicals are improving (price above 20/50DMA with positive MACD), and the earnings call points to cost and liquidity progress plus upcoming catalysts, but these positives are offset by ongoing revenue pressure, low margins, and material credit-loss drag.
Positive Factors
Manufacturing Cost Advantage
A live Malaysia manufacturing platform with an estimated ~25% tariff advantage versus China provides a durable structural cost edge. Lower landed costs improve gross margin potential, strengthen OEM pricing competitiveness, and support customer acquisition and margin recovery over the next several quarters.
Negative Factors
Weak Balance Sheet
Negative trailing‑12‑month equity and high reported debt materially weaken financial flexibility and heighten refinancing and solvency risk. Over a multi‑month horizon this constraint limits capital allocation, increases borrowing costs, and raises the probability of distress if operating performance falters.
Read all positive and negative factors
Positive Factors
Negative Factors
Manufacturing Cost Advantage
A live Malaysia manufacturing platform with an estimated ~25% tariff advantage versus China provides a durable structural cost edge. Lower landed costs improve gross margin potential, strengthen OEM pricing competitiveness, and support customer acquisition and margin recovery over the next several quarters.
Read all positive factors
Ispire Technology, Inc. Key Performance Indicators (KPIs)
Ispire Technology, Inc. (ISPR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$102.74M
Dividend YieldN/A
Average Volume (3M)44.30K
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue Growth-38.18%
EPS Growth-21.59%
CountryUS
Employees98
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)-0.61
Shares Outstanding57,399,395
10 Day Avg. Volume39,789
30 Day Avg. Volume44,298
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)240.69
Price to Sales (P/S)1.14
P/FCF Ratio-17.17
Enterprise Value/Market Cap-137.42
Enterprise Value/Revenue-157.82
Enterprise Value/Gross Profit-1.08K
Enterprise Value/Ebitda1.58K
Forecast
1Y Price Target
$6.50Price Target Upside231.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.21
Revenue Forecast (FY)$98.50M
Ispire Technology, Inc. Business Overview & Revenue Model
Company Description
Ispire Technology Inc. manufactures e-cigarettes and cannabis vaping products. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc. operates as a subsidiary of Pride Worldwide Investment Limited...
How the Company Makes Money
Ispire primarily makes money by selling inhalation/vaporization hardware to business customers. Its core revenue stream is product sales of devices and device components (including proprietary designs and manufactured units) supplied to brands and...
Ispire Technology, Inc. Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Sep 22, 2026
Earnings Call Sentiment Neutral
The call presented a balanced story: meaningful operational and strategic progress (cash increase, large OPEX reduction, Malaysia manufacturing launch, Vapor ODM roadmap and technology assets with large addressable markets) alongside continued near-term financial weaknesses (≈28.6% YoY revenue decline, low gross margin affected by a $2.2M one-time return, material credit losses and a sequentially larger net loss). Management framed the quarter as a transition point with cleanup largely behind them and multiple catalysts ahead, but the business still shows tangible short-term challenges that need to be converted into revenue and profitability in upcoming quarters.Positive Updates
Improved Liquidity and Cash Trajectory
Ended the quarter with $18.0M in cash, up $468k sequentially; management reiterates expectation to be cash flow positive in the second half of calendar 2026.
Negative Updates
Significant Revenue Decline Year-over-Year
Revenue was $18.7M for the quarter, down from $26.2M a year ago, a decline of approximately 28.6% YoY, reflecting lower top-line volumes and continued effects of the company’s strategic repositioning.
Read all updates
Q3-2026 Updates
Positive
Negative
Improved Liquidity and Cash Trajectory
Ended the quarter with $18.0M in cash, up $468k sequentially; management reiterates expectation to be cash flow positive in the second half of calendar 2026.
Read all positive updates
Company Guidance
The company guided to continued liquidity and profitability progress, noting ending cash of $18.0 million (up $468,000 sequentially) and reiterated its target to be cash-flow positive in the second half of calendar 2026; fiscal Q3 revenue was $18.7 million (vs. $26.2M year‑ago and $20.3M prior quarter), gross profit $2.0M and gross margin 10.7% (impacted by ~$2.2M of one‑time product returns), operating expenses excluding credit loss $5.9M (down 36% YoY from $9.3M and down 3.7% sequentially from $6.1M), credit loss $5.6M (down ≈$0.5M YoY), and net loss $9.5M (vs. $10.9M YoY and $6.6M prior quarter); strategic milestones and timing included a live Malaysia manufacturing platform (estimated 25% tariff advantage vs. China), a July launch of Vapor ODM, and longer‑term addressable markets cited of ~$73B global vape, $50–70B U.S. flavored vape opportunity via Age‑Gating, and a $24B+ legal global market for G‑Mesh.Ispire Technology, Inc. Financial Statement Overview
Summary
Income Statement
23
Negative
Balance Sheet
8
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.46M | 127.49M | 151.91M | 115.61M | 88.10M | 63.41M |
| Gross Profit | 13.09M | 22.65M | 29.78M | 20.78M | 13.31M | 10.42M |
| EBITDA | -8.91M | -35.76M | -12.18M | -3.40M | -843.13K | 3.96M |
| Net Income | -34.17M | -39.24M | -14.77M | -6.00M | -1.87M | 2.94M |
Balance Sheet | ||||||
| Total Assets | 75.91B | 102.22M | 122.64M | 90.40M | 100.74M | 93.86M |
| Cash, Cash Equivalents and Short-Term Investments | 18.03B | 24.35M | 35.07M | 49.43M | 74.48M | 85.25M |
| Total Debt | 3.81B | 7.06M | 3.40M | 3.91M | 347.54K | 478.11K |
| Total Liabilities | 92.12B | 101.61M | 88.18M | 58.93M | 88.97M | 80.11M |
| Stockholders Equity | -16.20B | 604.69K | 34.46M | 31.47M | 11.77M | 13.76M |
Cash Flow | ||||||
| Free Cash Flow | -10.91M | -8.47M | -21.45M | -8.60M | -7.68M | 5.02M |
| Operating Cash Flow | -9.81M | -7.37M | -18.30M | -7.58M | -7.56M | 5.02M |
| Investing Cash Flow | -6.03M | -5.20M | 2.99M | -10.15M | -121.52K | -798.00 |
| Financing Cash Flow | 1.17M | 1.85M | 10.08M | -16.44M | -3.09M | -227.85K |
Ispire Technology, Inc. Technical Analysis
Negative
1.96
Price Trends
1.73
Positive
2.22
Negative
2.39
Negative
Market Momentum
0.05
Negative
51.01
Neutral
37.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ISPR, the sentiment is Negative. The current price of 1.96 is above the 20-day moving average (MA) of 1.75, above the 50-day MA of 1.73, and below the 200-day MA of 2.39, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 51.01 is Neutral, neither overbought nor oversold. The STOCH value of 37.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ISPR.
Ispire Technology, Inc. Risk Analysis
Ispire Technology, Inc. disclosed 47 risk factors in its most recent earnings report. Ispire Technology, Inc. reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ispire Technology, Inc. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | $1.71B | 29.44 | 17.29% | 0.28% | 16.10% | 26.07% | |
53 Neutral | $1.28B | 39.78 | 2.24% | 6.15% | -0.77% | -65.72% | |
49 Neutral | $102.74M | -3.03 | 0.84% | ― | -38.18% | -21.59% | |
47 Neutral | $549.54K | -0.04 | -247.42% | ― | -90.33% | 26.78% | |
44 Neutral | $2.52M | -0.08 | -133.50% | ― | -34.08% | 99.49% | |
41 Neutral | $2.12M | -0.14 | -162.57% | ― | -66.04% | 99.58% |
* Consumer Defensive Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.