Bo Pei

Nicholas Anderson

Pablo Zuanic

Scott Fortune

- Ispire Technology Inc. reported a **decline in total revenue** for fiscal year 2025 to **$127.5 million** from **$151.9 million** in fiscal year 2024, primarily due to a strategic pivot away from the cannabis sector towards the higher-value nicotine sector.  **[1948455_2145391_1]** **[1948455_2145391_3]** 
- The company demonstrated improved financial discipline, reducing net accounts receivable by over **21%** year-over-year and cutting annual expenses by an estimated **$10.2 million**.  **[1948455_2145391_1]** 
- Strategic initiatives include expanding Malaysian manufacturing capabilities to potentially **80 production lines** and advancing its international ODM business, which has over **$80 million** in pipeline revenue.  **[1948455_2145391_1]** **[1948455_2145391_4]** 
- The company's ICE-TECH blockchain-based age verification technology achieved a significant milestone with FDA acceptance of its component PMPA submission within an unprecedented **four weeks**.  **[1948455_2145391_1]** **[1948455_2145391_5]**

Ispire Technology Reports Q4 and Full Year 2025 Results, Details Strategic Pivot to Nicotine Sector

- Ispire Technology Inc. reported a **net loss** of **$39.2 million**, or **$0.69 per share**, for the fiscal year ended June 30, 2025, compared to a net loss of $14.8 million, or $0.27 per share, in fiscal year 2024.  **[1948455_20250916NY72442:0]** **[1948455_20250916NY72442:1]** 
- **Revenue** for fiscal year 2025 decreased to **$127.5 million**, down from $151.9 million in fiscal year 2024.  **[1948455_20250916NY72442:0]** 
- **Gross profit** declined to **$22.6 million**, with a gross margin of **17.8%**, in fiscal year 2025, compared to $29.8 million and 19.6% respectively, in fiscal year 2024.  **[1948455_20250916NY72442:0]** **[1948455_20250916NY72442:1]** 
- **Total operating expenses** increased to **$60.5 million** in fiscal year 2025, up from $43.7 million in fiscal year 2024.  **[1948455_20250916NY72442:0]** **[1948455_20250916NY72442:1]**

Ispire Technology (ISPR)