ISPIRE FY2023 Results: Vaping Revenue Grows 10.9% to $75.6 Million, CBD Revenue

The earnings report shows that ISPIRE's revenue for fiscal year 2023 increased by 31.2% to $115.6 million.

Breaking news: Ispire Technology (ISPR.US/ISPIRE) has released its FY2023 results. 

The earnings report shows that ISPIRE's revenue for fiscal year 2023 increased by 31.2% to $115.6 million. Among them: 

• Revenue from CBD vaping products increased by 100.4% to $40 million.

• Revenue from vaping devices increased by 10.9% to $75.6 million. 

ISPIRE expects potential growth in its CBD vaping business to range between 100% and 125% in fiscal year 2024, while potential growth in its vaping products is expected to be between 25% and 40%. 

Note: ISPIRE's fiscal year ended on June 30, 2023.