Ispire rebounds in the quarter while annual sales remain lower
Ispire’s ($ISPR) fourth-quarter revenue increased approximately 33% to $26.7 million, also rising 43% from the previous quarter. Its net loss narrowed to $13.8 million from $14.8 million. However, gross margin fell to 6.3% from 12.3%, with inventory impairments weighing on the result, so higher sales did not translate into stronger gross profitability. Full-year revenue declined 24.7% to $96 million, reflecting weaker sales in the United States, Europe and Asia-Pacific. The company finished the
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