Ispire Technology Q1 revenue falls 9% on lower European sales
ISPR•Ispire Technology’s fiscal first-quarter revenue fell 9% year over year to $27.5 million, below the $27.8 million consensus estimate, as European sales declined. Gross margin was 16.2%, down from 17% a year earlier, while net loss widened to $6.4 million.
1. Quarterly results
Ispire Technology said fiscal first-quarter revenue fell 9% year over year to $27.5 million, compared with a $27.8 million consensus estimate from two analysts. The company attributed the decline primarily to reduced European sales amid a more restrictive regulatory environment.
2. Margins and outlook
Gross margin declined to 16.2% from 17% a year earlier, but improved from the prior quarter following one-time inventory impairments and returns charges. Net loss widened to $6.4 million, mainly due to higher non-cash credit loss expenses. The company continues to focus on achieving cash-flow-positive performance in fiscal 2027 and expects cash flow to improve as manufacturing and commercial programs scale; it sees Malaysia expansion as a near-term catalyst for production and new OEM and ODM relationships.
