Nasdaq-Listed Vaping Company Ispire Reports 31% YoY Increase In 2024 Revenue
Ispire Technology Inc. (NASDAQ:ISPR) announced its financial results on Thursday for the fiscal year 2024 ended on June 30, 2024.
“Fiscal year 2024 was a foundational year for Ispire, marked by record revenue and substantial margin expansion while strategically positioning us for faster growth in our global nicotine business and intentionally focusing our cannabis vaping hardware on high-quality multi-state operator (MSO) customers,” Michael Wang, the company’s co-chief executive officer, said.
Fiscal Year 2024 Financial Results
Revenue increased 31.4% year-over-year to $151.9 million as compared to $115.6 million in the 2023 fiscal year.
Gross profit increased 43.3% to $29.8 million compared …