Ispire Technology Inc
ISPRConsumer Defensive·Tobacco·USA·Micro·NASD·Nov 11 • 12:50 PM ET
1.66-0.05 (-2.87%)
2026-11-11 19:00 CET
Market cap
98.76 USD m
Revenue, TTM
93.21 USD m
Net income, TTM
-36.38 USD m
Free cash flow, TTM
-1.30 USD m
EPS diluted, TTM
-0.63
P/E
-
Price
ISPR against its 20, 50 and 200-day averages2050200miss
57.1% under the 52-week high of 3.87 on 30 Jan 2026. 52-week low 1.01 on 7 Jul 2026. Last 15 sessions, 32.6% high to low
Profile
ISPR52-week range, 23% of the way up
1.013.87
Ispire Technology, Inc. engages in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company was founded on June 13, 2022 and is headquartered in Los Angeles, CA.
| Employees | 88 |
|---|---|
| IPO | Apr 04, 2023 |
| Beta | 1.89 |
| ATR, 14d | 0.13 |
| Rel volume | 0.50 |
| Short float | 2.52% |
| Insider own | 63.24% |
| Inst own | 7.30% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 95.95M |
| Enterprise Value | 84.16M |
| Income | -36.38M |
| Sales | 93.21M |
| Book/sh | -0.60 |
| Cash/sh | 0.27 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 88 |
| IPO | Apr 04, 2023 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | 83.05 |
| PEG | - |
| P/S | 1.03 |
| P/B | - |
| P/C | 6.12 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 0.90 |
| Quick Ratio | 0.92 |
| Current Ratio | 1.01 |
| Debt/Eq | - |
| LT Debt/Eq | - |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -0.63 |
|---|---|
| EPS next Y | 0.02 |
| EPS next Q | -0.01 |
| EPS this Y | 79.31% |
| EPS next Y | 116.67% |
| EPS next 5Y | - |
| EPS past 3/5Y | -69.78% - |
| Sales past 3/5Y | -6.00% 8.65% |
| EPS Y/Y TTM | 2.18% |
| Sales Y/Y TTM | -21.35% |
| EPS Q/Q | -96.13% |
| Sales Q/Q | -9.25% |
| Earnings | Nov 09 BMO |
| EPS/Sales Surpr. | -266.67% -0.99% |
Ownership
| Insider Own | 63.24% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 7.30% |
| Inst Trans | -2.30% |
| ROA | -48.75% |
| ROE | -428.57% |
| ROIC | - |
| Gross Margin | 12.33% |
| Oper. Margin | -38.67% |
| Profit Margin | -39.04% |
| SMA20 | 14.59% |
| SMA50 | 17.54% |
| SMA200 | -6.00% |
| Trades | - |
Technical
| Shs Outstand | 57.77M |
|---|---|
| Shs Float | 21.23M |
| Short Float | 2.52% |
| Short Ratio | 27.07 |
| Short Interest | 0.54M |
| 52W High | 3.87 -57.08% |
| 52W Low | 1.01 64.46% |
| Volatility | 11.54% 8.60% |
| ATR (14) | 0.13 |
| RSI (14) | 62.60 |
| Beta | 1.89 |
| Rel Volume | 0.50 |
| Avg Volume | 19.76K |
| Volume | 5,494 |
Performance
| Perf Week | 10.73% |
|---|---|
| Perf Month | 14.55% |
| Perf Quarter | 4.47% |
| Perf Half Y | -3.43% |
| Perf YTD | -40.68% |
| Perf Year | 2.53% |
| Perf 3Y | -81.32% |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 4.90 |
| Prev Close | 1.71 |
| Price | 1.66 |
| Change % | -2.87% |
Analyst ratings
latest 2 of 2| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Jul 22, 2026 | Initiated | BBTIG Research | Buy | $3.50 | +110.7% |
| May 20, 2024 | Initiated | RROTH MKM | Buy | $11 | +562.3% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| RLX | RLX Technology Inc ADR | 1.40B |
| TPB | Turning Point Brands Inc | 1.19B |
| BTI | British American Tobacco Plc ADR | 129.83B |
| MO | Altria Group Inc | 127.47B |
| GNLN | Greenlane Holdings Inc | 0.76M |
| PM | Philip Morris International Inc | 303.00B |
| AIIR | Air Global Plc | 1.22B |
| RYM | RYTHM Inc | 36.39M |
| GRWG | GrowGeneration Corp | 75.30M |
| TLRY | Tilray Brands Inc | 386.94M |
Insider trading
6 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Wang Michael Xue | Co-Chief Executive Officer | Mar 02 '26 | Buy | 2.38 | 3,000 | 7,144 | 466,882 | Mar 02 04:58 PM |
| Wang Michael Xue | Co-Chief Executive Officer | Feb 27 '26 | Buy | 2.41 | 2,000 | 4,815 | 463,882 | Mar 02 04:58 PM |
| Pryzbyla Steven P. | CLO and Secretary | Feb 12 '26 | Sale | 3.41 | 3,000 | 10,225 | 396,664 | Feb 17 05:53 PM |
| Pryzbyla Steven P. | CLO and Secretary | Feb 13 '26 | Sale | 3.23 | 3,000 | 9,697 | 393,664 | Feb 17 05:53 PM |
| Pryzbyla Steven P. | CLO and Secretary | Feb 17 '26 | Sale | 3.22 | 3,000 | 9,670 | 390,664 | Feb 17 05:53 PM |
| Fargis John | Director | Nov 20 '25 | Sale | 1.95 | 7,500 | 14,625 | 39,099 | Nov 24 04:30 PM |
Held by
AUMNews
latest 14 of 206- Ispire Misses Badly On Credit Losses As Sequential Repair Runs Into A Thinning Cash Cushion (Earnings Whispers) +7.74%
- Ispire Technology Inc. Reports First Quarter Fiscal Year 2027 Financial Results (ACCESSWIRE)
- Ispire Must Prove Its Revenue Rebound Can Hold As Margins And Cash Targets Wobble (Earnings Whispers)
- Ispire Technology Inc. Schedules Fiscal First Quarter 2027 Earnings Conference Call (ACCESSWIRE)
- IKE Tech Launches IKE 2.0 to Bring Continuous Compliance to Regulated Products (PR Newswire)
- Loading…
- Ispire Technology Inc (ISPR) (Q4 2026) Earnings Call Highlights: Malaysia Licenses Set Stage ... (GuruFocus.com)
- Ispire Technology Inc. Reports Fourth Quarter and Fiscal Year 2026 Financial Results (ACCESSWIRE) -9.72%
- Ispire Technology Inc. Schedules Fiscal Fourth Quarter and Full Year 2026 Earnings Conference Call (ACCESSWIRE)
- Ispire Technology Inc. Appoints Steven Przybyla as President (PR Newswire)
- Ispire Technology Expands Into High-Growth Nicotine Pouch Market Through Strategic Joint Venture with Jincheng Pharma (PR Newswire)
- AIR Global PLC: Global Shisha Leader Expands Into Premium Device-Led Inhalation Markets Initiation Report (Exec Edge) -5.17%
- Ispire Technology Inc. Reports Financial Results for Fiscal Third Quarter 2026 (PR Newswire) +10.12%
- Ispire Technology Inc. Schedules Fiscal Third Quarter 2026 Earnings Conference Call (PR Newswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2027Q1 | 2026-11-09 | -0.110 | -0.030 | -0.110 | 27.54 | 27.82 | 2 |
| 2026Q4 | 2026-09-16 | -0.230 | 0.010 | -0.240 | 26.61 | 21.34 | 2 |
| 2026Q3 | 2026-05-07 | -0.170 | -0.020 | -0.166 | 18.69 | 22.60 | 1 |
| 2026Q2 | 2026-02-06 | -0.120 | -0.010 | -0.115 | 20.29 | 32.80 | 1 |
| 2026Q1 | 2025-11-06 | -0.060 | -0.100 | -0.057 | 30.35 | 30.00 | 1 |
| 2025Q4 | 2025-09-16 | -0.260 | -0.140 | -0.259 | 20.13 | 22.40 | 1 |
| 2025Q3 | 2025-05-12 | -0.190 | -0.120 | -0.190 | 26.19 | 31.80 | 1 |
| 2025Q2 | 2025-02-10 | -0.140 | -0.070 | -0.141 | 41.83 | 38.65 | 2 |
| 2025Q1 | 2024-11-11 | -0.100 | -0.060 | -0.099 | 39.34 | 51.66 | 2 |
| 2024Q4 | 2024-09-26 | -0.060 | -0.090 | -0.061 | 37.32 | 34.25 | 2 |
| 2024Q3 | 2024-05-14 | -0.110 | -0.060 | -0.110 | 30.02 | 44.50 | 1 |
| 2024Q2 | 2024-02-20 | -0.070 | 0.010 | -0.074 | 41.69 | 48.00 | 1 |
| 2024Q1 | 2023-11-14 | -0.030 | 0.000 | -0.025 | 42.86 | 36.00 | 1 |
| 2023Q4 | 2023-09-19 | -0.030 | - | -0.029 | 32.63 | - | - |
| 2027Q2 | - | - | -0.015 | - | - | 28.05 | 2 |
| 2027Q3 | - | - | -0.020 | - | - | 24.23 | 2 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2023FY | -0.120 | - | -0.118 | 115.61 | 117.49 |
| 2024FY | -0.270 | -0.243 | -0.269 | 151.91 | 156.89 |
| 2025FY | -0.690 | -0.570 | -0.690 | 127.49 | 129.8 |
| 2026FY | -0.580 | -0.130 | -0.580 | 96.01 | 90.65 |
| 2027FY | - | -0.120 | - | - | 106.71 |
| 2028FY | - | 0.020 | - | - | 121.46 |
| 2029FY | - | 0.070 | - | - | 131.18 |
| 2030FY | - | 0.120 | - | - | 137.73 |
| 2031FY | - | 0.150 | - | - | 144.62 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2027Q2 | S | 2026-11-09 | 2 | 0 | 0 | 28.05 | 27.70 | 28.40 |
| 2027Q2 | S | 2026-10-05 | 2 | 0 | 0 | 28.05 | 27.70 | 28.40 |
| 2027Q2 | S | 2026-09-18 | 1 | 0 | 0 | 27.70 | 27.70 | 27.70 |
| 2027Q2 | S | 2026-05-08 | 1 | 0 | 0 | 27.70 | 27.70 | 27.70 |
| 2027Q2 | R | 2026-11-09 | 2 | 0 | 0 | -0.02 | -0.02 | -0.01 |
| 2027Q2 | R | 2026-10-05 | 1 | 0 | 0 | -0.01 | -0.01 | -0.01 |
| 2027Q2 | E | 2026-11-09 | 2 | 1 | 0 | -0.02 | -0.02 | -0.01 |
| 2027Q2 | E | 2026-10-05 | 2 | 0 | 1 | -0.02 | -0.03 | -0.01 |
| 2027Q2 | E | 2026-09-17 | 1 | 0 | 1 | -0.03 | -0.03 | -0.03 |
| 2027Q2 | E | 2026-05-07 | 1 | 0 | 0 | -0.01 | -0.01 | -0.01 |
| 2027Q1 | S | 2026-10-05 | 2 | 0 | 0 | 27.82 | 26.80 | 28.83 |
| 2027Q1 | S | 2026-09-18 | 1 | 0 | 0 | 26.80 | 26.80 | 26.80 |
| 2027Q1 | S | 2026-05-08 | 1 | 0 | 0 | 26.80 | 26.80 | 26.80 |
| 2027Q1 | R | 2026-10-05 | 1 | 0 | 0 | -0.03 | -0.03 | -0.03 |
Estimate history
| EPS, annual | 0.056 | -0.036 | -0.118 | -0.269 | -0.69 | -0.579 | -0.633 | ||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM | ||
| EPS, quarterly | -0.099 | -0.141 | -0.19 | -0.259 | -0.057 | -0.115 | -0.166 | -0.24 | -0.112 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
| Sales, annual | 63.415 | 88.095 | 115.606 | 151.909 | 127.494 | 96.015 | 93.21 | ||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM | ||
| Sales, quarterly | 39.338 | 41.828 | 26.191 | 20.137 | 30.351 | 20.287 | 18.686 | 26.692 | 27.543 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
| Shares, annual | 52.7 | 52.7 | 54.222 | 56.471 | 57.194 | 57.609 | 57.766 | ||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | MRQ | ||
| Shares, quarterly | 56.641 | 56.678 | 57.136 | 57.194 | 57.29 | 57.29 | 57.399 | 57.609 | 57.766 |
| Period | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
Income statement, annual
| Metric | TTM | 2026FY | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|---|
| Total Revenue | 93.21 | 96.01 | 127.49 | 151.91 | 115.61 | 88.10 | 63.41 |
| Cost of Goods Sold Incl. D&A | 81.72 | 83.83 | 104.93 | 122.16 | 94.83 | 74.79 | 53.00 |
| Gross Profit | 11.49 | 12.19 | 22.57 | 29.75 | 20.78 | 13.31 | 10.42 |
| Selling, General and Administrative Excl. Other | 47.54 | 44.78 | 60.42 | 43.65 | 25.25 | 14.29 | 6.77 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -36.05 | -32.59 | -37.85 | -13.89 | -4.47 | -0.99 | 3.64 |
| Interest Expense | 0.32 | 0.37 | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -35.39 | -32.06 | -38.04 | -13.49 | -4.76 | -0.80 | 3.62 |
| Income Taxes | 1.00 | 1.15 | 1.20 | 1.28 | 1.25 | 1.07 | 0.69 |
| Consolidated Net Income | -36.38 | -33.20 | -39.24 | -14.77 | -6.00 | -1.87 | 2.94 |
| Net Income From Continuing Operations | -36.38 | -33.20 | -39.24 | -14.77 | -6.00 | -1.87 | 2.94 |
| Net Income | -36.38 | -33.20 | -39.24 | -14.77 | -6.00 | -1.87 | 2.94 |
| EPS (Recurring) | -0.63 | -0.58 | -0.69 | -0.27 | -0.12 | -0.04 | 0.06 |
| EPS (Basic, Before Extraordinaries) | -0.63 | -0.58 | -0.69 | -0.27 | -0.12 | -0.04 | 0.06 |
| EPS (Diluted) | -0.63 | -0.58 | -0.69 | -0.27 | -0.12 | -0.04 | 0.06 |
| EBITDA | -33.36 | -29.84 | -35.58 | -12.17 | -3.40 | -0.84 | 3.96 |
| Non-Operating Income (Expense) | 0.99 | 0.91 | -0.19 | 0.41 | -0.28 | 0.19 | -0.02 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 2.66 | 2.76 | 4.44 | 5.04 | 0.00 | - | - |
| Price To Sales Ratio | 0.79 | 0.67 | 1.14 | 2.89 | 4.00 | - | - |
| Gross Margin | 12.33 | 12.69 | 17.70 | 19.59 | 17.97 | 15.10 | 16.42 |
| Operating Margin | -38.67 | -33.95 | -29.69 | -9.15 | -3.87 | -1.12 | 5.75 |
| Net Margin | -39.04 | -34.58 | -30.78 | -9.72 | -5.19 | -2.13 | 4.63 |
| Shares Outstanding | 57.77 | 57.61 | 57.19 | 56.47 | 54.22 | 52.70 | 52.70 |
| Market Capitalization | 98.76 | 98.76 | 146.29 | 451.20 | 484.32 | 525.74 | - |
Income statement, quarterly
| Metric | 2027Q1 | 2026Q4 | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 27.54 | 26.69 | 18.69 | 20.29 | 30.35 | 20.14 | 26.19 | 41.83 |
| Cost of Goods Sold Incl. D&A | 23.12 | 25.04 | 16.72 | 16.84 | 25.23 | 17.68 | 21.44 | 34.13 |
| Gross Profit | 4.42 | 1.66 | 1.96 | 3.45 | 5.12 | 2.45 | 4.75 | 7.70 |
| Selling, General and Administrative Excl. Other | 10.57 | 15.20 | 11.45 | 10.32 | 7.82 | 17.09 | 15.34 | 15.06 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -6.15 | -13.54 | -9.48 | -6.87 | -2.70 | -14.64 | -10.59 | -7.36 |
| Interest Expense | 0.06 | 0.07 | 0.09 | 0.10 | 0.11 | - | 0.03 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -6.10 | -13.44 | -9.35 | -6.50 | -2.77 | -14.68 | -10.68 | -7.54 |
| Income Taxes | 0.34 | 0.38 | 0.18 | 0.11 | 0.49 | 0.11 | 0.18 | 0.46 |
| Consolidated Net Income | -6.44 | -13.82 | -9.52 | -6.60 | -3.26 | -14.79 | -10.86 | -8.00 |
| Net Income From Continuing Operations | -6.44 | -13.82 | -9.52 | -6.60 | -3.26 | -14.79 | -10.86 | -8.00 |
| Net Income | -6.44 | -13.82 | -9.52 | -6.60 | -3.26 | -14.79 | -10.86 | -8.00 |
| EPS (Recurring) | -0.11 | -0.24 | -0.17 | -0.12 | -0.06 | -0.26 | -0.19 | -0.14 |
| EPS (Basic, Before Extraordinaries) | -0.11 | -0.24 | -0.17 | -0.12 | -0.06 | -0.26 | -0.19 | -0.14 |
| EPS (Diluted) | -0.11 | -0.24 | -0.17 | -0.12 | -0.06 | -0.26 | -0.19 | -0.14 |
| EBITDA | -5.65 | -12.65 | -8.79 | -6.26 | -2.13 | -13.96 | -10.01 | -6.83 |
| Non-Operating Income (Expense) | 0.11 | 0.17 | 0.23 | 0.48 | 0.03 | -0.04 | -0.06 | -0.18 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.65 | 0.58 | 0.78 | 0.65 | 0.74 | 0.55 | 1.16 | 1.14 |
| Price To Sales Ratio | 0.79 | 0.67 | 1.18 | 1.65 | 1.24 | 1.15 | 1.08 | 1.92 |
| Gross Margin | 16.06 | 6.21 | 10.50 | 16.99 | 16.88 | 12.18 | 18.15 | 18.41 |
| Operating Margin | -22.33 | -50.72 | -50.75 | -33.89 | -8.88 | -72.71 | -40.42 | -17.60 |
| Net Margin | -23.37 | -51.77 | -50.96 | -32.55 | -10.74 | -73.45 | -41.45 | -19.12 |
| Shares Outstanding | 57.77 | 57.61 | 57.40 | 57.29 | 57.29 | 57.19 | 57.14 | 56.68 |
| Market Capitalization | 98.76 | 64.29 | 105.41 | 160.41 | 146.63 | 146.29 | 155.86 | 284.93 |
Balance sheet, annual
| Metric | 2026FY | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 19.38 | 24.35 | 35.07 | 49.43 | 74.48 | 85.25 |
| Short Term Receivables | 20.91 | 40.18 | 60.22 | 24.67 | 10.32 | 4.34 |
| Inventories | 3.80 | 6.65 | 6.37 | 7.47 | 14.58 | 3.05 |
| Other Current Assets | 1.34 | 1.73 | 0.91 | 3.24 | 0.07 | 0.78 |
| Total Current Assets | 45.43 | 72.91 | 102.57 | 84.81 | 99.45 | 93.42 |
| Net Property, Plant & Equipment | 5.45 | 7.98 | 6.16 | 5.34 | 0.41 | 0.44 |
| Total Investments and Advances | 10.61 | 11.52 | 12.25 | 0.00 | 0.00 | 0.00 |
| Long-Term Note Receivable | 0.00 | 7.37 | - | - | - | - |
| Intangible Assets | 2.57 | 2.23 | 1.38 | 0.00 | - | 0.00 |
| Deferred Tax Assets | 1.01 | - | - | - | - | - |
| Other Assets | 0.12 | 0.21 | 0.28 | 0.24 | 0.88 | 0.00 |
| Total Assets | 65.20 | 102.22 | 122.64 | 90.40 | 100.74 | 93.86 |
| Short Term Debt Incl. Current Port. of LT Debt | 2.25 | 2.99 | 1.21 | 0.84 | 0.35 | 0.21 |
| Accounts Payable | 34.96 | 56.59 | 70.83 | 52.97 | 42.27 | 33.38 |
| Income Tax Payable | - | - | 0.00 | 0.06 | 0.48 | 0.00 |
| Other Current Liabilities | 7.42 | 12.96 | 13.96 | 1.98 | 45.87 | 46.25 |
| Total Current Liabilities | 44.63 | 72.54 | 85.99 | 55.85 | 88.97 | 79.84 |
| Long Term Debt | 1.89 | 4.07 | 2.19 | 3.07 | 0.00 | 0.27 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 0.92 | - | - | - | - | - |
| Other Liabilities | 47.00 | 25.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 94.45 | 101.61 | 88.18 | 58.93 | 88.97 | 80.11 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | -29.25 | 0.60 | 34.46 | 31.47 | 11.77 | 13.76 |
| Total Shareholders Equity | -29.25 | 0.60 | 34.46 | 31.47 | 11.77 | 13.76 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | -29.25 | 0.60 | 34.46 | 31.47 | 11.77 | 13.76 |
| Total Liabilities & Stockholders Equity | 65.20 | 102.22 | 122.64 | 90.40 | 100.74 | 93.86 |
| Book Value Per Share | -0.51 | 0.01 | 0.61 | 0.58 | 0.22 | 0.26 |
| Tangible Book Value Per Share | -0.55 | -0.03 | 0.59 | 0.58 | 0.22 | 0.26 |
| Full-Time Employees | 88 | 81 | 98 | 69 | 56 | - |
| Price to Book Ratio | -2.83 | 9.89 | 12.63 | 15.76 | 72.63 | - |
| Return on Assets | -39.67 | -34.90 | -13.84 | -6.28 | -1.93 | - |
| Return on Equity | - | -223.84 | -44.87 | -27.77 | -14.69 | - |
| Return on Invested Capital | - | -838.90 | -40.29 | -17.38 | -15.93 | 20.94 |
| Quick Ratio | 0.93 | 0.91 | 1.12 | 1.38 | 0.95 | 1.13 |
| Current Ratio | 1.02 | 1.01 | 1.19 | 1.52 | 1.12 | 1.17 |
Cash flow, annual
| Metric | TTM | 2026FY | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|---|
| Net Income | -36.38 | -33.20 | -39.24 | -14.77 | -6.00 | -1.87 | 2.94 |
| Depreciation | 2.69 | 2.75 | 2.27 | 1.72 | 1.08 | 0.15 | 0.32 |
| Other Funds (Non Cash) | 31.82 | 28.90 | 29.33 | 12.72 | 3.33 | 0.00 | 0.27 |
| Funds from Operations | -1.98 | -1.64 | -7.64 | -0.33 | -1.59 | -1.73 | 3.53 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 0.97 | 1.07 | 0.26 | -17.97 | -6.86 | -5.83 | 1.49 |
| Income Taxes Payable | - | -0.38 | -0.32 | -0.06 | -0.42 | 0.48 | -0.53 |
| Cash from Operating Activities | -1.00 | -0.57 | -7.37 | -18.30 | -8.46 | -7.56 | 5.02 |
| Capital Expenditures | -0.82 | -0.76 | -2.04 | -3.14 | -1.02 | -0.12 | -0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -3.88 | -2.33 | 0.00 | 6.13 | -9.13 | 0.00 | 0.00 |
| Purchase of Investments | -3.88 | -2.33 | 0.00 | -3.00 | -9.13 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 9.13 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | -3.16 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -4.70 | -3.08 | -5.20 | 2.99 | -10.15 | -0.12 | -0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | -3.36 | -0.47 | 0.00 |
| Change in Capital Stock | -0.05 | -0.05 | -0.06 | 10.79 | 25.69 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | -0.05 | -0.05 | -0.06 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 10.79 | 25.69 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 10.79 | 25.69 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -1.28 | -1.28 | 1.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | -1.28 | -1.28 | 1.91 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 2.08 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | -1.28 | -1.28 | -0.17 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | -0.70 | -37.89 | -2.50 | 0.06 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | -0.70 | -37.89 | -2.50 | -0.04 |
| Cash from Financing Activities | -1.32 | -1.32 | 1.85 | 10.08 | -15.57 | -3.09 | -0.23 |
| Net Change in Cash | -7.02 | -4.97 | -10.72 | -5.23 | -34.18 | -10.77 | 4.80 |
| Free Cash Flow | -1.30 | -0.88 | -8.47 | -20.27 | -9.48 | -7.68 | 5.02 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | -0.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2027Q1 | 2026Q4 | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 15.69 | 19.38 | 18.08 | 17.62 | 22.71 | 24.35 |
| Short Term Receivables | 14.37 | 20.91 | 29.43 | 38.43 | 45.21 | 40.18 |
| Inventories | 3.00 | 3.80 | 5.48 | 5.04 | 6.16 | 6.65 |
| Other Current Assets | 1.20 | 1.34 | 2.75 | 2.57 | 1.04 | 1.73 |
| Total Current Assets | 34.25 | 45.43 | 55.74 | 63.65 | 75.13 | 72.91 |
| Net Property, Plant & Equipment | 5.38 | 5.45 | 6.52 | 6.94 | 7.45 | 7.98 |
| Total Investments and Advances | 10.35 | 10.61 | 10.84 | 11.13 | 11.32 | 11.52 |
| Intangible Assets | 2.74 | 2.57 | 2.60 | 2.47 | 2.34 | 2.23 |
| Deferred Tax Assets | 0.10 | 1.01 | - | - | - | - |
| Other Assets | 0.00 | 0.12 | 0.21 | 0.21 | 0.21 | 0.21 |
| Total Assets | 52.82 | 65.20 | 75.91 | 84.40 | 96.45 | 102.22 |
| Short Term Debt Incl. Current Port. of LT Debt | 2.05 | 2.25 | 2.64 | 2.81 | 2.90 | 2.99 |
| Accounts Payable | 25.66 | 34.96 | 43.16 | 45.58 | 52.10 | 56.59 |
| Income Tax Payable | - | - | - | 0.01 | 0.28 | - |
| Other Current Liabilities | 6.11 | 7.42 | 9.05 | 11.79 | 10.54 | 12.96 |
| Total Current Liabilities | 33.83 | 44.63 | 54.85 | 60.19 | 65.81 | 72.54 |
| Long Term Debt | 1.85 | 1.89 | 2.27 | 2.87 | 3.40 | 4.07 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | - | 0.92 | - | - | - | - |
| Other Liabilities | 52.00 | 47.00 | 35.00 | 29.00 | 29.00 | 25.00 |
| Total Liabilities | 87.67 | 94.45 | 92.12 | 92.06 | 98.22 | 101.61 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | -34.85 | -29.25 | -16.20 | -7.66 | -1.77 | 0.60 |
| Total Shareholders Equity | -34.85 | -29.25 | -16.20 | -7.66 | -1.77 | 0.60 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | -34.85 | -29.25 | -16.20 | -7.66 | -1.77 | 0.60 |
| Total Liabilities & Stockholders Equity | 52.82 | 65.20 | 75.91 | 84.40 | 96.45 | 102.22 |
| Book Value Per Share | -0.60 | -0.51 | -0.28 | -0.13 | -0.03 | 0.01 |
| Tangible Book Value Per Share | -0.65 | -0.55 | -0.33 | -0.18 | -0.07 | -0.03 |
| Full-Time Employees | - | 88 | - | - | - | 81 |
| Price to Book Ratio | -2.83 | -3.97 | -13.76 | -90.67 | 242.19 | 9.89 |
| Return on Assets | -48.75 | -39.67 | -35.67 | -32.81 | -32.75 | -34.90 |
| Return on Equity | - | - | - | -428.57 | -254.99 | -223.84 |
| Return on Invested Capital | - | - | - | - | -199.49 | -316.19 |
| Quick Ratio | 0.92 | 0.93 | 0.92 | 0.97 | 1.05 | 0.91 |
| Current Ratio | 1.01 | 1.02 | 1.02 | 1.06 | 1.14 | 1.01 |
Cash flow, quarterly
| Metric | 2027Q1 | 2026Q4 | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 |
|---|---|---|---|---|---|---|
| Net Income | -6.44 | -13.82 | -9.52 | -6.60 | -3.26 | -14.79 |
| Depreciation | 0.50 | 0.89 | 0.69 | 0.61 | 0.56 | 0.68 |
| Other Funds (Non Cash) | 6.28 | 11.45 | 7.73 | 6.36 | 3.36 | 10.53 |
| Funds from Operations | 0.32 | -1.57 | -1.10 | 0.37 | 0.66 | -3.58 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -1.94 | 4.20 | 3.06 | -4.34 | -1.84 | 8.27 |
| Income Taxes Payable | 0.36 | - | - | -0.27 | 0.28 | -0.32 |
| Cash from Operating Activities | -1.62 | 2.62 | 1.96 | -3.97 | -1.18 | 4.70 |
| Capital Expenditures | -0.20 | 0.02 | -0.40 | -0.23 | -0.14 | -1.12 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -1.55 | -1.03 | -0.77 | -0.53 | 0.00 | 0.77 |
| Purchase of Investments | -1.55 | -1.03 | -0.77 | -0.53 | 0.00 | 0.77 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.16 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -1.76 | -1.01 | -1.17 | -0.76 | -0.14 | -3.51 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.00 | 0.00 | 0.00 | -0.05 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | -0.05 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -0.32 | -0.32 | -0.32 | -0.32 | -0.32 | -0.43 |
| Change in Long Term Debt | -0.32 | -0.32 | -0.32 | -0.32 | -0.32 | -0.43 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.26 |
| Reduction of Long Term Debt | -0.32 | -0.32 | -0.32 | -0.32 | -0.32 | -0.17 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | -0.32 | -0.32 | -0.32 | -0.36 | -0.32 | -0.43 |
| Net Change in Cash | -3.69 | 1.30 | 0.47 | -5.09 | -1.64 | 0.76 |
| Free Cash Flow | -1.62 | 2.64 | 1.71 | -4.04 | -1.19 | 3.74 |
| Price to Free Cash Flow | - | - | 485.59 | - | - | - |
Revenue breakdown
| Cannabis vaping products | 2025: 37.00M 2026: 15.92M |
|---|---|
| Tobacco vaping products | 2025: 90.49M 2026: 80.10M |
| Asia Pacific | 2025: 12.27M 2026: 10.92M |
| Europe | 2025: 74.11M 2026: 61.43M |
| North America | 2025: 32.57M 2026: 15.13M |
| Others | 2025: 8.55M 2026: 8.54M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 2.52% | 0.5M | 21.2M | 20.70K |
| 2026-10-15 | 2.40% | 0.5M | 21.2M | 27.09K |
| 2026-09-30 | 2.66% | 0.6M | 21.0M | 45.97K |
| 2026-09-15 | 2.99% | 0.6M | 21.0M | 94.04K |
| 2026-08-31 | 3.46% | 0.7M | 19.4M | 103.76K |
| 2026-08-14 | 3.00% | 0.6M | 19.4M | 134.24K |
| 2026-07-31 | 2.95% | 0.6M | 19.6M | 142.31K |
| 2026-07-15 | 3.90% | 0.8M | 19.6M | 150.02K |
| 2026-06-30 | 4.16% | 0.8M | 19.6M | 133.28K |
| 2026-06-15 | 5.38% | 1.1M | 19.6M | 116.67K |
| 2026-05-29 | 4.74% | 0.9M | 19.5M | 127.20K |
| 2026-05-15 | 4.63% | 0.9M | 19.5M | 105.60K |
| 2026-04-30 | 5.18% | 1.0M | 19.5M | 103.75K |
| 2026-04-15 | 4.80% | 0.9M | 19.0M | 102.42K |
| 2026-03-31 | 5.56% | 1.1M | 19.2M | 100.88K |
| 2026-03-13 | 3.98% | 0.8M | 19.2M | 68.05K |
| 2026-02-27 | 3.52% | 0.7M | 19.2M | 49.64K |
| 2026-02-13 | 4.01% | 0.8M | 19.2M | 47.48K |
| 2026-01-30 | 3.27% | 0.6M | 19.2M | 46.12K |
| 2026-01-15 | 3.53% | 0.7M | 19.2M | 40.79K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 0.00 | 0.45 | 0.16 | 6.510 | 3.00 | 0.00 | 0.544 | -0.037 | 0.001 |
| call | 5.00 | 0.00 | 0.85 | 0.00 | 9.118 | 0.00 | 0.00 | 0.478 | -0.053 | 0.001 |
| call | 7.50 | 0.00 | 0.85 | 0.40 | 10.392 | 3.00 | 0.00 | 0.456 | -0.060 | 0.001 |
| put | 2.50 | 0.50 | 1.25 | 0.90 | 6.148 | 1.00 | 0.00 | -0.456 | -0.037 | 0.001 |
| put | 5.00 | 2.70 | 3.90 | 0.00 | 10.231 | 0.00 | 0.00 | -0.522 | -0.052 | 0.001 |
| put | 7.50 | 5.10 | 6.60 | 0.00 | 13.501 | 0.00 | 0.00 | -0.544 | -0.059 | 0.001 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-09 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-11-09 | 8-K | Current report | 2026-11-09 | SEC |
| 2026-09-23 | 8-K | Current report | 2026-09-22 | SEC |
| 2026-09-17 | 8-K | Current report | 2026-09-15 | SEC |
| 2026-09-15 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-17 | 8-K | Current report | 2026-08-11 | SEC |
| 2026-08-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-08-14 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-14 | SEC |
| 2026-07-17 | 8-K | Current report | 2026-07-16 | SEC |
| 2026-06-25 | 8-K | Current report | 2026-06-23 | SEC |
| 2026-05-12 | DEFA14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | SEC | |
| 2026-05-12 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-06-23 | SEC |
| 2026-05-07 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-03-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-19 | SEC |
| 2026-03-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-19 | SEC |
| 2026-03-19 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-19 | SEC |
| 2026-03-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-02-27 | SEC |
| 2026-02-26 | 4 | Statement of changes in beneficial ownership of securities | 2026-02-24 | SEC |
| 2026-02-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-02-12 | SEC |
| 2026-02-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2025-11-24 | 4 | Statement of changes in beneficial ownership of securities | 2025-11-20 | SEC |
| 2025-11-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-09-30 | SEC |
| 2025-10-02 | 4 | Statement of changes in beneficial ownership of securities | 2025-09-26 | SEC |
| 2025-09-15 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-06-30 | SEC |
| 2025-07-11 | 4 | Statement of changes in beneficial ownership of securities | 2025-07-10 | SEC |
| 2025-07-11 | 4 | Statement of changes in beneficial ownership of securities | 2025-07-10 | SEC |
| 2025-07-11 | 4 | Statement of changes in beneficial ownership of securities | 2025-07-10 | SEC |
| 2025-06-26 | 8-K | Current report | 2025-06-24 | SEC |
| 2025-06-20 | 3 | Initial statement of beneficial ownership of securities | 2025-05-13 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 7.14K | 1 | 0 | 0 |
| 2026-02 | 4.82K | 1 | 29.59K | 3 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 14.63K | 1 |
Institutional holders
| Manager | % owned |
|---|---|
| Yong Rong (HK) Asset Management Ltd | 2.60% |
| Potomac Capital Management, Inc. | 1.04% |
| BlackRock, Inc. | 0.71% |
| GEODE CAPITAL MANAGEMENT, LLC | 0.47% |
| MILLENNIUM MANAGEMENT LLC | 0.45% |
| VANGUARD CAPITAL MANAGEMENT LLC | 0.34% |
| GOLDMAN SACHS GROUP INC | 0.25% |
| JANE STREET GROUP, LLC | 0.22% |
| AQR CAPITAL MANAGEMENT LLC | 0.18% |
| VANGUARD FIDUCIARY TRUST CO | 0.18% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD EXTENDED MARKET INDEX FUND | 0.34% |
| Fidelity Small Cap Index Fund | 0.33% |
| Fidelity Extended Market Index Fund | 0.18% |
| VANGUARD RUSSELL 2000 INDEX FUND | 0.17% |
| iShares Micro-Cap ETF | 0.11% |
| Goldman Sachs Absolute Return Tracker Fund | 0.10% |
| Fidelity Nasdaq Composite Index Fund | 0.10% |
| iShares Russell 2000 ETF | 0.07% |
| Fidelity Total Market Index Fund | 0.06% |
| Schwab Small-Cap Index Fund | 0.05% |
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