Quarterly ResultMay 7, 2026, 04:40 PM
Ispire Q3 Revenue $18.7M, Net Loss $(9.5M); Equity Deficit $(16.2M)
AI Summary
Ispire Technology Inc. reported a significant decrease in revenue for both the three and nine months ended March 31, 2026, compared to the prior year. Despite the revenue decline, the company managed to reduce its net loss for both periods. However, the company's total stockholders' equity shifted from a positive balance to a significant deficit of $(16.2) million, indicating a deteriorating financial position.
Key Highlights
- Q3 2026 revenue decreased to $18.7 million from $26.2 million year-over-year.
- Q3 2026 net loss improved to $(9.5) million from $(10.9) million year-over-year.
- Nine-month 2026 revenue decreased to $69.3 million from $107.4 million.
- Nine-month 2026 net loss improved to $(19.4) million from $(24.5) million.
- Total stockholders' equity shifted to a deficit of $(16.2) million as of March 31, 2026.
- Cash and restricted cash decreased to $18.1 million from $24.4 million.
- Nine-month net cash used in operating activities improved to $(3.2) million.
- North America revenue for nine months fell to $10.4 million from $29.4 million.