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The latest update is out from Spire Global (SPIR).
Spire Global, Inc. is facing compliance issues with NYSE listing standards after failing to submit its Q2 2024 quarterly report on time. The company has been reviewing its revenue recognition practices and has discovered errors related to its “Space as a Service” contracts, necessitating financial restatements for several periods. The issue has resulted in the need to re-evaluate prior financial statements, and the company is working towards filing the required amendments and quarterly report within the six-month grace period given by the NYSE. While this situation may impact reported revenue, it is not expected to affect the company’s overall cash flows.
Find detailed analytics on SPIR stock on TipRanks’ Stock Analysis page.
