Ispire Technology (NASDAQ:ISPR), a developer and marketer of branded vaping and e-cigarette products, reported financial results for its second fiscal quarter ended December 31, 2025.
Revenue totaled $20.3 million for the quarter, compared with $41.8 million in the prior-year period.
Gross profit was $3.5 million, representing a 17.1% gross margin.
Operating expenses declined to $10.3 million, reflecting ongoing cost controls and operational efficiencies.
The company also reported a net loss of $6.6 million, or $0.12 per share.
At quarter-end, cash totaled $17.6 million and working capital stood at $3.5 million.
Meanwhile, accounts receivable decreased 19.5% to $37.9 million, driven by a strategic shift toward higher-quality customers and improved collection efforts.