Ispire Technology Inc
For the period ended Mar 31, 2024. Filed May 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 14, 2024
ISPR$1.67+7.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
**UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND
COMPREHENSIVE LOSS
| Three Months Ended March 31, | Nine Months Ended March 31, | |||
|---|---|---|---|---|
| 2023 | 2024 | 2023 | 2024 | |
| (Restated) | ||||
| Revenue | $24,136,297 | $30,015,036 | $82,976,746 | $114,565,244 |
| Cost of revenue | 19,616,098 | 23,893,083 | 68,699,245 | 95,345,545 |
| Gross profit | 4,520,199 | 6,121,953 | 14,277,501 | 19,219,699 |
| Operating expenses: | ||||
| Sales and marketing expenses | 948,302 | 1,754,760 | 3,182,451 | 4,174,386 |
| General and administrative expenses | 6,261,326 | 10,047,116 | 14,689,504 | 25,587,145 |
| Total Operating expenses | 7,209,628 | 11,801,876 | 17,871,955 | 29,761,531 |
| Loss from operations | (2,689,429) | (5,679,923) | (3,594,454) | (10,541,832) |
| Other income (expense): | ||||
| Interest income, net | 391 | 27,296 | 77,202 | 298,161 |
| Exchange gain (loss), net | 660,760 | (53,904) | 183,178 | (19,387) |
| Other income (expense), net | (67,953) | 12,265 | (108,440) | 20,078 |
| Total Other income (expense), net | 593,198 | (14,343) | 151,940 | 298,852 |
| Loss before income taxes | (2,096,231) | (5,694,266) | (3,442,514) | (10,242,980) |
| Income taxes - current | (237,992) | (255,485) | (1,069,999) | (1,103,710) |
| Net loss | $(2,334,223) | $(5,949,751) | $(4,512,513) | $(11,346,690) |
| Other comprehensive loss | ||||
| Foreign currency translation adjustments | (157,704) | 10,788 | (15,274) | 169,578 |
| Comprehensive loss | $(2,491,927) | $(5,938,963) | $(4,527,787) | $(11,177,112) |
| Net loss per share | ||||
| Basic and diluted | $(0.05) | $(0.11) | $(0.09) | $(0.21) |
| Weighted average shares outstanding: | ||||
| Basic and diluted | 50,000,000 | 54,347,729 | 50,000,000 | 54,287,624 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.