Ispire Technology Inc (ISPR) News & EventsISPRNews & EventsIspire Technology Inc

Ispire Forms Joint Venture with Shandong Jincheng Pharma

Ispire Technology has entered into a joint venture with Shandong Jincheng Pharma, a global pharmaceutical company, to manufacture and commercialize nicotine pouch products. The joint venture marks Ispire's entry into the oral nicotine category. Jincheng Pharma will contribute manufacturing equipment, technical expertise, and nicotine pouch materials. Jincheng Pharma is a diversified pharmaceutical company with approximately 3,800 employees and more than 30 affiliated companies worldwide. The company is engaged in the research, development, production, and commercialization of pharmaceutical intermediates, active pharmaceutical ingredients, finished pharmaceutical products, and health-related products. The company expects initial production to be supported by existing commercial relationships and intends to pursue additional business development opportunities within the oral nicotine segment as part of its broader international nicotine platform strategy.

Ispire Reports Q3 Revenue of $18.7M

Reports Q3 revenue $18.7M vs. $26.2M last year. Co-CEO Michael Wang commented, "This quarter reflects the successful stabilization of our business and with cash growing sequentially by $468K to $18M, we are now executing against a phased roadmap, with near-term revenue drivers already in production and transformative technology opportunities on the horizon: our Malaysia manufacturing is live today, giving us a 25% tariff advantage over China in a ~$73B global vape market; supply of nicotine pouches to global customers commenced in April 2026; vapor ODM launches in July 2026 for mid-sized brands, with large brand partnerships targeted for 2027. Looking further ahead (2027 and beyond): age-gating technology through IKE Tech has the potential to unlock the ~$50-70B US flavored vape market; G-Mesh glass technology is already drawing interest from big tobacco in a $24B+ legal global market. With cash generation this quarter and proprietary technologies in age-gating and G-Mesh that no competitor can replicate, we have multiple shots on goal across billion-dollar markets, and we believe Ispire is uniquely positioned to deliver outsized value for shareholders."

Ispire Technology Says FDA Guidance Unlocks $50 Billion Market Opportunity

Ispire Technology highlighted the economic value and multi-billion-dollar market opportunity created for its shareholders by the U.S. Food and Drug Administration's, FDA, newly issued draft guidance outlining evidentiary expectations for Premarket Tobacco Product Applications for flavored electronic nicotine delivery systems. The FDA's guidance effectively unlocks a $50 billion total addressable market by providing a lawful pathway for flavored vapes, which currently consist largely of illicit products. Ispire's 40%-owned joint venture, IKE Tech, is positioned to capture this market. IKE's recurring SaaS revenue model is expected to generate $5 million to $20 million annually per customer. "We believe this guidance represents a major step toward a technology-enabled regulatory framework for the vapor category," said Michael Wang, Co-Chief Executive Officer of Ispire. "FDA's recognition of Device Access Restrictions validates our long-held position that continuous, device-level age verification can protect youth while preserving adult choice."