Ispire Technology (ISPR)
Designs nicotine devices, cannabis vapor hardware, and compliance-linked ODM platforms.
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Sells Aspire nicotine products outside key restricted markets and Ispire cannabis hardware to vapor companies. ODM manufacturing, smart-chip controls, age verification, and regulatory submissions are central as the business shifts toward regulated nicotine and higher-quality customers.
Builds branded and non-branded vapor hardware across core lines: Aspire nicotine products and Ispire cannabis devices. Nicotine products are sold globally where permitted outside several restricted markets, while cannabis hardware is mainly supplied through ODM relationships to vapor companies.
The operating model is moving toward regulated nicotine infrastructure, combining vaporization cores, embedded firmware, smart-chip control, biometric age verification, traceability, and ODM manufacturing. Revenue is weighted toward Europe, with North America the next-largest region and smaller Asia-Pacific and other markets.
Execution depends on regulatory clearance for electronic nicotine delivery systems, PMTA activity, customer-quality discipline, and manufacturing expansion in Malaysia. Related-party ties to Aspire Global remain part of the issuer's governance structure.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $19.33B · Total debt $3.34B · Total assets $64.28B · Shareholders' equity −$29.25B
- Revenue
- $26.7M
- Operating income
- −$13.5M
- Net income
- −$33.18B
No dividends on record.
| Institutions | 7.35% | 4.22M shares | |
|---|---|---|---|
| 50 holders · as of Jun 30, 2026 | |||
| Insiders | 4.62% | 2.65M shares | |
| 6 holders · as of Aug 14, 2026 | |||
| Other | 88.03% | 50.53M shares | |
| remainder | |||
57.40M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Yong Rong (HK) Asset Management LtdInstitution | 2.62% | 1.50M | as of Jun 30, 2026 |
Michael Xue WangInsiderofficer: Co-Chief Executive Officer | 2.56% | 1.47M | filed Mar 2, 2026 |
Potomac Capital Management, Inc.Institution | 1.04% | 598,600 | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 0.71% | 409,610 | as of Jun 30, 2026 |
Ted RouhaniInsiderofficer: President | 0.71% | 408,247 | filed Oct 3, 2024 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 27, 2026 | Michael Xue Wang | officer: Co-Chief Executive Officer | +2,000 | $2.41 |
| Mar 2, 2026 | Michael Xue Wang | officer: Co-Chief Executive Officer | +3,000 | $2.38 |
| Feb 24, 2026 | Michael Xue Wang | officer: Co-Chief Executive Officer | +2,000 | $2.21 |
| Feb 25, 2026 | Michael Xue Wang | officer: Co-Chief Executive Officer | +4,000 | $2.33 |
| Feb 26, 2026 | Michael Xue Wang | officer: Co-Chief Executive Officer | +2,000 | $2.40 |
- British American Tobacco (ADR)
Vuse and New Categories scale pressure in regulated nicotine
- RELX Technology (ADR)
RELX branded e-vapor devices with in-house product development
- Altria Group
NJOY e-vapor and FDA-authorized smoke-free portfolio rival
- Philip Morris International
IQOS, VEEV, and ZYN compete for smoke-free nicotine users
- Canopy Growth
Storz & Bickel and cannabis vape brands overlap in vapor hardware
- Greenlane
Cannabis vapor accessories and distribution-channel overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ispire Technology | $1.29 | +2.80% | $71.7M | — | — | 0.7 | +32.2% |
| British American Tobacco (ADR) | $55.83 | +0.14% | $120.25B | 14.3 | — | 3.5 | −0.1% |
| RELX Technology (ADR) | $1.75 | +1.45% | $2.10B | 15.1 | — | 3.1 | +34.3% |
| Altria Group | $68.77 | +0.34% | $114.44B | 14.5 | 11.9 | 5.2 | +1.3% |
| Philip Morris International | $188.97 | +0.79% | $292.21B | 26.9 | 21.5 | 6.9 | +10.4% |
| Canopy Growth | $0.9542 | +3.29% | $390.0M | — | — | 1.7 | −20.8% |
| Greenlane | $2.61 | +5.24% | $465.6K | — | — | 0.2 | −50.4% |
| Median | 14.8 | 16.7 | 3.3 | +0.6% |