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Spire Global, Inc. (SPIR) is a leading data and analytics company, leveraging space technology to solve real-world problems. By collecting data from space, Spire can identify, track, and predict the movement of the world's resources and weather systems, providing critical insights for businesses and governments to make informed decisions. Founded with the vision of using space to address Earth's challenges, Spire offers four core solutions: Maritime, Aviation, Weather, and Space Services.
Under the Maritime solution, Spire provides precise space-based data for accurate ship monitoring, safety, and route optimization. The Aviation solution focuses on aircraft monitoring, safety, and route optimization. Its Weather solution delivers accurate space-based weather forecasting, aiding in disaster preparedness and resource management. Lastly, Spire's Space Services offer tailored datasets and insights from space to meet specific industry needs.
Spire's innovative approach has positioned it at the forefront of space-based analytics, earning it partnerships with leading organizations worldwide. The company's financial health is reflected in its diverse revenue streams from its core solutions, allowing continuous investment in technology and talent.
The fast-growing team at Spire is dedicated to pushing the boundaries of space technology to deliver actionable insights. With the world facing rapid changes, Spire's ability to provide timely, accurate data is more critical than ever. For more information, visit www.spire.com.
Stay updated with the latest developments and career opportunities at Spire by visiting Spire Careers.
Spire Global has completed its acquisition of exactEarth Ltd., enhancing its position in space-based maritime data. The deal adds approximately
Spire Global, Inc. (NYSE: SPIR) has appointed Dirk Hoke to its board of directors, bringing extensive experience from his tenure as CEO of Airbus Defence and Space. Hoke's expertise in digitalization and government networking is expected to enhance Spire's global adoption of space-based data solutions. CEO Peter Platzer emphasized Hoke's potential to drive growth, especially in industries benefiting from Spire's innovative applications. Hoke aims to expand Spire's market reach and identify new use cases for its data services, particularly addressing climate change challenges.
Spire Global (NYSE: SPIR) announced its Q3 2021 results, reporting $9.6 million in revenue—a 33% increase year-over-year. Annual Recurring Revenue (ARR) surged 51% to $45.2 million, with 225 ARR Solution Customers, up 69%. Noteworthy developments include the acquisition of exactEarth, adding 150 new customers, and significant contracts with EUMETSAT and NOAA for weather solutions. Despite strong performance, Spire revised down its guidance for non-GAAP gross profit and EBITDA due to merger-related expenses. Future expectations include revenue guidance of $40 to $42 million for 2021.
Spire Global, Inc. (NYSE: SPIR) announced its inclusion as a subcontractor in a NASA contract aimed at community overflight tests for the X-59 Quiet SuperSonic Technology. The contract, valued at up to $29 million over eight years, will enable Spire to provide vital weather data to support the Low-Boom Flight Demonstration mission. This partnership emphasizes Spire's role in enhancing community responses to sonic booms while advancing supersonic aviation technology.
Spire Global, Inc. announced the appointment of Theresa Condor as Chief Operating Officer, responsible for overseeing global operations in Weather, Aviation, Earth Intelligence, and Space Services. Ms. Condor, a key figure in Spire's growth, has previously led business development and secured significant contracts. CEO Peter Platzer emphasized her strategic understanding of the company. Spire leverages a large satellite constellation to provide critical data for decision-making across various sectors, aiding both commercial and government initiatives.
Spire Global, Inc. (NYSE: SPIR) has opened a new, larger office in Vienna, Virginia, aimed at enhancing its service capabilities for federal clients, including NASA and NOAA. This expansion is in response to increased demand for space-based data solutions and aims to accommodate growth in 2022. The new facility will focus on providing diverse services such as global maritime coverage and weather predictions. The company continues to innovate in space analytics, leveraging its satellite constellation to deliver valuable insights for both government and commercial sectors.
Spire Global, Inc. (NYSE: SPIR) will hold a conference call on November 10, 2021 at 5:00 p.m. ET to discuss its Q3 2021 financial results. The results will be released after market close on the same day. Investors can access the live webcast on Spire's Investor Relations website. The company, a leader in space-based data and analytics, offers vital insights from its extensive satellite constellation to help organizations make informed decisions.
Today, Spire Global (NYSE: SPIR) announced the launch of Maritime 2.0, an upgraded maritime solution designed to enhance vessel tracking and global shipping data analytics. This update features smarter, cleaner AIS data, a 20% increase in daily message coverage, and introduces GraphQL for improved data query capabilities. With these advancements, Spire aims to address port congestion and optimize global supply chains while enhancing the precision and scalability of its services. Maritime 2.0 is now available for customers seeking to streamline operations.
Spire Global, Inc. (NYSE: SPIR) has partnered with Southern Launch to deliver a hyper-local weather forecasting solution for rocket launch sites in Australia. The Spire Weather Point Optimized Forecast will provide precise forecasts by considering local sensors and weather patterns, crucial for ensuring safe and timely launches. This collaboration aims to enhance mission success rates and support safety decisions in unpredictable weather conditions, benefiting various sectors reliant on accurate weather data.
Francisco Partners has successfully closed its FP Credit Partners II fund, raising
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