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Ispire Technology, Inc. (ISPR)
NASDAQ:ISPR
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-$0.07Last Year’s EPS
-$0.07Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -7.99%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The call presents a mixed outlook with significant challenges in revenue, particularly in North America, but also highlights strategic initiatives and improvements in gross profit margins as positive signs for future growth.Company Guidance
During the ISPR earnings call for Q1 2025, guidance emphasized a strategic shift in the U.S. market, focusing on high-quality customer accounts to improve gross margins and financial stability. Despite a revenue decrease of 8.2% year-over-year to $39.3 million, the company reported a 12.1% increase in gross profit to $7.7 million, with gross margins rising from 16% to 19.5%. This improvement was attributed to operational efficiencies and a favorable product mix, particularly with the use of their Malaysian facility. The U.S. revenue saw a 46% decline, primarily due to reduced cannabis vaping hardware sales, but the company expects future growth driven by the launch of the I-80 vape filling machine and a focus on top U.S. accounts. Internationally, European revenues grew by 11% to approximately $22 million, and there were significant sales increases in other regions like South Africa. Looking forward, ISPR remains confident in capturing market opportunities and achieving sustained profitable growth.Increase in Gross Profit and Margin
Achieved a 12.1% year-over-year increase in gross profit to $7.7 million, with gross margin expanding to 19.5% from 16% in the previous year.
European Revenue Growth
European revenues increased by $2.1 million, or 11%, due to increased sales of Ispire vaping products.
Innovation and Strategic Expansion
Significant progress with joint ventures on age verification technology and the launch of the I-80 vape filling machine, as well as a new 5-Year Master Distributor Agreement for the Middle East and North Africa.
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ISPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ISPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $6.26 | $5.89 | -5.91% |
| Sep 26, 2024 | $5.82 | $6.48 | +11.34% |
| May 14, 2024 | $5.97 | $6.33 | +6.03% |
| Feb 20, 2024 | $11.62 | $10.49 | -9.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ispire Technology, Inc. (ISPR) report earnings?
Ispire Technology, Inc. (ISPR) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Ispire Technology, Inc. (ISPR) earnings time?
Ispire Technology, Inc. (ISPR) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ISPR EPS forecast?
ISPR EPS forecast for the fiscal quarter 2025 (Q2) is -$0.07.
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