Ispire Technology Reveals Investor Presentation Highlights

Ispire Technology Inc. (NASDAQ: ISPR) recently released its investor presentation for May 2024, showcasing several key metrics and developments. Here are the highlights from the presentation:

Company Snapshot: Share price as of 05/24/2024: $7.86 52-week high: $16.30 52-week low: $5.09 Average daily volume (3 months): 96,035 Common shares outstanding: 54,287,624 Market capitalization: $443.3 million Cash (as of 03/31/2024): $39.4 million Debt (as of 03/31/2024): $0.0 million * Enterprise value: $407.8 million

Shareholders: * Top shareholders include Liu, Tuanfang (Chairman & Co-CEO), Zhu, Jiangyan (Director), and Wang, Michael (Co-CEO & President of Aspire North America).

Key Statistics: 15+ years of R&D experience Marketed products under the "Aspire" and "Ispire" brand names 39.8% of Q3 FY2024 sales from cannabis products 60.2% of Q3 FY2024 sales from tobacco products 150+ distributors in 30+ countries Over 150 owned and exclusively licensed patents

Major Milestones: Common stock equity raise: $12.3 million Formed and entered IKE joint-venture with Chemular and Berify Launched BRKFST products in 750+ stores in Sub-Saharan Africa Signed supply agreement with MSO Acreage Holdings Completed phase 1 of Ispire Malaysia facility with initial production commencing in February 2024 Q3 cannabis products margin: 27%

Revenue: * Through Q3 FY24, the revenue amounted to $114 million

Proprietary Technology: * Ispire's patented dual coil and airflow system technology aims to provide users with massive vape plumes without burning the cannabis oil and eliminates oil leakage from the unit.

Innovation: * Ispire's history of industry-driving innovation includes the development of various vaping technologies, such as the Nautilus (Mini) in 2013, Atlantis in 2014, and the Cleito series in 2015, among others.

These specific figures and developments highlight the company's performance and progress in the vaping industry, shedding light on its market presence, financial standing, and technological advancements. As a result of these announcements, the company's shares have moved 2.7% on the market, and are now trading at a price of $7.98. For the full picture, make sure to review Ispire Technology's 8-K report.

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