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Spire Global (SPIR)
NYSE:SPIR
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.35Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -12.99%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements such as the completion of the financial restatement, a successful sale of the maritime business, record bookings, and technological advancements, which demonstrate strong future prospects. However, financial restatement costs, delayed revenue recognition, and operational challenges pose notable setbacks, especially impacting the upcoming quarters.Company Guidance
During Spire Global's third-quarter 2024 conference call, the company provided several key metrics and insights into its financial performance and strategic initiatives. Spire reported a GAAP revenue of $28.6 million for the quarter, marking a 29% year-over-year growth, with the nine-month revenue reaching $88.8 million, reflecting a 21% increase. The company expects full-year 2024 revenue to be between $108 million and $110 million. Operating loss for the quarter was $6.1 million, showing a 49% improvement year-over-year, while adjusted EBITDA was negative $3.1 million, a 66% improvement. Spire also highlighted a significant transaction involving the sale of its maritime business for $241 million, which is anticipated to close in six to eight weeks, positioning the company to be debt-free. Additionally, Spire achieved a record in annual contract value bookings, driven by contracts with notable clients like NASA and NOAA, and emphasized the strategic importance of its differentiated data solutions and expanding space services offerings. Despite recent challenges, including a financial restatement costing $10 million to $15 million, the company remains optimistic about its growth trajectory, particularly following the completion of the maritime business sale.Successful Completion of Financial Restatement
Spire Global completed a comprehensive financial restatement process, ensuring high integrity and accountability, despite incurring costs between $10 million and $15 million.
Sale of Maritime Business
Spire accepted an offer to sell its maritime business for $241 million, valuing it at nearly six times its trailing twelve-month revenue. The deal is expected to close soon and will leave Spire as a debt-free company with a strong cash position.
Record Company Bookings
In Q3 2024, Spire set a record for the largest amount of annual contract value booked in a single quarter, with significant contracts from NASA and NOAA.
Positive Free Cash Flow Achieved
Spire achieved positive free cash flow in Q3, generating $5.1 million, marking a key milestone toward profitability.
Technological Advancements
Spire developed an optical inter-satellite link (OISL) solution enabling two-way laser communication between satellites, enhancing data transmission security and speed.
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SPIR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SPIR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $10.62 | $11.09 | +4.43% |
| Mar 03, 2025 | $10.52 | $10.62 | +0.95% |
| Aug 14, 2024 | $10.16 | $6.75 | -33.56% |
| May 15, 2024 | $11.34 | $9.91 | -12.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Spire Global (SPIR) report earnings?
Spire Global (SPIR) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Spire Global (SPIR) earnings time?
Spire Global (SPIR) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPIR EPS forecast?
SPIR EPS forecast for the fiscal quarter 2025 (Q1) is -0.17.
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