California-based Ispire Technology reports $5.9M Q3 net loss, but 24% revenue increase to $30M driven by tobacco and cannabis vaping products.

California-based Ispire Technology, an innovator in vaping technology and precision dosing, reported a $5.9M net loss in the third fiscal quarter. Despite the loss, revenue increased 24% to $30M, driven by tobacco vaping products ($18.1M) and cannabis vaping products ($11.9M). Co-CEO Michael Wang anticipates new business partnerships will help the company transition into profitable territory.