Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2023 Rev YoY: +24.4% EPS YoY: -88.0% Move: -1.62%

Ispire Technology Inc

ISPR

$1.820 -1.62%

Exchange NASDAQ Sector Consumer Defensive Industry Tobacco

Q3 2023

Published: May 14, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for ISPR

Reported

Report Date

May 14, 2024

Quarter Q3 2023

Revenue

30.02M

YoY: +24.4%

EPS

-0.11

YoY: -88.0%

Market Move

-1.62%

Previous quarter: N/A

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

Revenue of $30.02M up 24.4% year-over-year
EPS of $-0.11 decreased by 88% from previous year
Gross margin of 20.4%
Net income of -5.95M
"" -

ISPR

Company ISPR

Period Q3 2023

Currency USD

Report Type Quarterly Earnings

Generated Mar 29, 2026

Swipe to view all report sections

Executive Summary

Ispire Technology Inc (ISPR) reported Q3 2023 results featuring a 24.4% year-over-year revenue increase to $30.0 million, alongside a continued EBITDA and net loss trajectory. Despite top-line growth, the company posted a negative operating margin of -18.9% and a net loss of -$5.95 million (-$0.11 per share). Operating cash flow was positive at $3.35 million and free cash flow reached $3.03 million, underscoring improving cash generation even as profitability remains elusive in the near term. The balance sheet displays a robust cash position (approximately $39.5 million) and a substantial intangible asset base, with net debt effectively negative (net cash ~-$35.45 million), but also a concerning concentration of intangibles and an unusual goodwill presentation that warrants careful disclosure review.

Key Performance Indicators

Revenue

Increasing

30.02M

QoQ: -28.00% | YoY: 24.36%

Gross Profit

Increasing

6.11M

20.36% margin

QoQ: -4.14% | YoY: 35.22%

Operating Income

Decreasing

-5.68M

QoQ: -43.77% | YoY: -64.06%

Net Income

Decreasing

-5.95M

QoQ: -47.92% | YoY: -91.50%

EPS

Decreasing

-0.11

QoQ: -48.45% | YoY: -88.03%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $30.01 million in Q3 2023, up 24.36% YoY, down 28.00% QoQ. Gross Profit: $6.11 million; Gross Margin: 20.36%. Operating Income: -$5.68 million; Operating Margin: -18.92%. EBITDA: -$5.63 million; EBITDA Margin: -18.75%. Net Income: -$5.95 million; Net Margin: -19.82%. EPS: -$0.11 (diluted). Weighted Avg Shares: 54.35 million. Cash Flow: Operating Cash Flow $3.35 million; Capex -$0.323 million; Free Cash Flow $3.03 million. Balance Sheet: Cash & Equivalents $39.45 million; Total Assets $108.15 million; Total Liabilities $72.47 million; Shareholders’ Equity $35.68 million. Intangibles: $968.03 million; Goodwill: -$967.06 million. Net Debt: -$35.45 million (net cash). Valuation/Multiples: P/S ~10.85x; P/B ~9.13x; P/FCF ~107x; EV Multiple: -51.68x (notably negative/ambiguous signaling in this issuer). Liquidity/Leverage: Debt to capitalization ~0.101; Debt to Equity ~0.112; Interest Coverage: 0 (negative EBITDA). Efficiency: Asset Turnover ~0.278; DSO ~144 days; DIO ~37 days; CCC ~-62 days. Shareholder actions: Common Stock Issued ~$10.8 million in financing; Net Cash from Financing ~$10.8 million.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	30.02M	24.36%	-28.00%
Gross Profit	6.11M	35.22%	-4.14%
Operating Income	-5.68M	-64.06%	-43.77%
Net Income	-5.95M	-91.50%	-47.92%
EPS	-0.11	-88.03%	-48.45%

Key Financial Ratios

Gross Profit Margin

Fair

20.40%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Weak

-0.19%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.20%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.06%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.17%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.42

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Conservative

0.11

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Negative

-13.68x

Negative earnings make P/E ratio not meaningful

Price to Book

High Premium

9.13x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2024	26,190.73	-0.19	+87.0%	View
Q2 2024	41.83	-0.14	+0.3%	View
Q1 2024	39,338.31	-98.85	+91.0%	View
Q4 2023	37.34	-0.06	+14.5%	View
Q3 2023	30.02	-0.11	+24.4%	View

ISPR

Ispire Technology Inc

Q3 2024 Report

Ispire Technology Inc (ISPR) QQ3 2024 Earnings Analysis: Cannabis Hardware Growth, Ispire ONE Adoption Delays, and Strategic Partners Driving Long-Ter...

Read full report

ISPR

Ispire Technology Inc

Q2 2024 Report

Ispire Technology Inc (ISPR) QQ2 2024 Earnings Analysis: Cannabis Hardware Surges Amid Margin Pressure, Strategic International Expansion, and Ambitio...

Read full report

ISPR

Ispire Technology Inc

Q1 2024 Report

Ispire Technology Inc (ISPR) QQ1 2024 Earnings Analysis: Revenue Acceleration Amid Non-Operating Headwinds and Strong Liquidity...

Read full report

ISPR

Ispire Technology Inc

Q4 2023 Report

Ispire Technology Inc (ISPR) QQ4 2023 Earnings Analysis — Consumer Defensive Tobacco/Vaping (NASDAQ: ISPR) with Focus on QQ4 2023 Results and Liquid...

Read full report

Ispire Technology Inc (ISPR) Q3 2023 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

More ISPR Quarterly Reports

ISPR

ISPR

ISPR

ISPR

Related Financial Data

Sector Analysis: Consumer Defensive

ISPR Full Profile

ISPR Financial Statements

Earnings Calendar