Cannabis Co With Significant Growth Potential And Other Marijuana Operators Will Soon Report Earnings

Ispire Technology

Ispire Technology Inc. (NASDAQ:ISPR) will host its earnings conference call at 8:00 am Eastern Time on Tuesday, Nov. 12, 2024, to discuss the company’s financial results for its fiscal first quarter ended Sept. 30, 2024.

According to Michael Wang, the company’s co-CEO, 2024 was "a foundational year for Ispire." The company reported record revenue and substantial margin expansion while “strategically positioning us for faster growth in our global nicotine business and intentionally focusing our cannabis vaping hardware on high-quality multi-state operator (MSO) customers,” Wang continued.

Revenue increased 31.4% year-over-year to $151.9 million as compared to $115.6 million in the 2023 fiscal year.

During an interview on Benzinga’s Cannabis Insider podcast earlier this year Wang said that “vaping will become the number one way for using cannabis within the next 2 or 3 years.”

Ispire's shares traded 5.56% lower at $6.12 per share at the time ...

Full story available on Benzinga.com