Ispire Technology Expects FY24 Revenue For Cannabis Vaping Products Of $80M-$90M (Up 100%-125% Y/Y), Tobacco Vaping Products To Be $95M-$105M (Up 33%-47% Y/Y)
Portfolio Pulse from Benzinga Newsdesk
Ispire Technology projects significant revenue growth for FY24, with cannabis vaping products expected to generate $80M-$90M, marking a 100%-125% increase year-over-year. Tobacco vaping products are forecasted to bring in $95M-$105M, representing a 33%-47% growth compared to the previous year.
February 20, 2024 | 11:10 pm
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Ispire Technology anticipates a significant increase in FY24 revenues for both its cannabis and tobacco vaping products, with projections indicating substantial year-over-year growth.
The projected revenue growth for Ispire Technology's vaping products is a strong indicator of the company's expanding market presence and increasing demand for its products. This positive outlook is likely to attract investor interest and could lead to a rise in the stock price in the short term, given the significant increases in projected revenues for both product lines.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100