Ispire Technology Inc. reported financial results for the fiscal fourth quarter and year ended June 30, 2026, filing an -K with the SEC on September 15, 2026. The company reported fourth quarter revenue of $26.7 million, which represents a 33% year-over-year increase and a 43% sequential increase compared to the prior quarter.
For the fiscal year ended June 30, 2026, total revenue was $96.0 million, a decrease of $31.5 million, or 24.7%, compared to fiscal 2025. The company attributed the annual decrease primarily to lower cannabis vaping hardware sales in the United States, which fell by $17.4 million to $15.1 million, and lower vaping product sales in Europe, which decreased by $12.7 million to $61.4 million.
Despite the revenue decrease for the full year, Ispire reported improvements in its operating performance. Total operating expenses for fiscal 2026 were $44.9 million, a 26% reduction compared to $60.5 million in fiscal 2025. The company also reported a net loss of $33.2 million for the fiscal year, an improvement of $6.0 million compared to the prior year. Net cash used in operating activities was $569,000, an improvement of $6.8 million compared to fiscal 2025.
Management highlighted several growth initiatives for fiscal 2027. The company’s Malaysia manufacturing facility is now fully operational, and its Vapor ODM platform is entering the market. Additionally, the company is advancing proprietary age-gating technology and is expanding into the nicotine pouch market through a joint venture with Jincheng Pharma.
