Ispire Technology's Fiscal Q1 Revenue Falls 9.3% as Loss Widens

Ispire Technology Inc. posted lower revenue and a wider year-over-year loss in its fiscal first quarter ended Sept. 30, 2026, as weaker sales in Europe weighed on the vaping products maker’s results.

Revenue fell 9.3% from a year earlier to $27.5 million. The GAAP loss was $0.11 per share, compared with $0.06 per share in the year-earlier quarter.

The quarterly net loss rose to $6.4 million from $3.3 million a year earlier. It narrowed from $13.8 million in the preceding quarter.

Revenue also improved sequentially, rising 3.2% from $26.7 million in the preceding quarter. Lower sales in Europe were the main driver of the annual revenue decline.

Credit loss expense increased to $4.8 million from $1.8 million a year earlier. Gross margin slipped to 16.2% from 17% over the same period.

Ispire, which makes e-cigarettes and cannabis vaping products, plans to continue investing in its Malaysia manufacturing facility during fiscal 2027 as it works toward positive cash flow.