Home Vape News ISPIRE reports 31.2% revenue growth in 2023 fiscal year.

ISPIRE reports 31.2% revenue growth in 2023 fiscal year.

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ISPIRE reports 31.2% revenue growth in 2023 fiscal year.

Wumatech (ISPR.US/ISPIRE) releases financial performance for FY 2023.

According to the performance report, ISPIRE’s revenue for the fiscal year 2023 increased by 31.2%, reaching $115.6 million. Out of this total:

The revenue from CBD vaporization products has seen a remarkable growth of 100.4%, reaching $40 million. On the other hand, the revenue from e-cigarette products has grown by 10.9%, amounting to $75.6 million.

ISPIRE projects potential growth for its CBD vaporization business to be between 100% and 125% in the fiscal year 2024. Meanwhile, the potential growth for its e-cigarette products is estimated to be between 25% and 40%.

Note: ISPIRE’s fiscal year ends on June 30, 2023.

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