Cannabis Vape Co. Ispire Grows Abroad As US Sales Decline Slows Q1 Revenue
Ispire Technology Inc. (NASDAQ:ISPR), a company with a focus on innovations in vaping technology and precision dosing, reported its first quarter 2025 results Monday for the period ended on Sept. 30, 2024.
Co-CEO Michael Wang said despite challenges the company remained focused on long-term growth, with promising advancements in vaping technology and strategic global partnerships.
“While our financial results were slightly impacted due to the strategic shifts we have made in our US business to focus on high-quality customers and to improve payment terms and gross profit, I am pleased with our team’s overall performance given the challenging macroeconomic environment and look forward to the remainder of fiscal 2025 and the opportunities that lay ahead,” Wang said.
Q1 2025 Financial Highlights
- Revenue totaled $39.3 million, representing a decrease of 8.2% year-over-year to $42.9 …