Welcome to our dedicated page for Spire Global news (Ticker: SPIR), a resource for investors and traders seeking the latest updates and insights on Spire Global stock.
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 (NYSE: SPIR) has signed a long-term agreement with ch-aviation, enhancing its airline intelligence database with space-based flight data. This partnership will integrate Spire's daily Flight Report, which collects satellite and terrestrial data to provide insights into real-time global flights, including in remote areas.
The collaboration aims to deliver actionable insights for aircraft utilization, passenger capacity, and aircraft maintenance tracking. According to Spire's General Manager, Philip Plantholt, this will significantly benefit the aviation industry, aiding in strategic decisions and improving operational efficiency. The integration will be available on ch-aviation's online platform, allowing users to incorporate this data into their existing systems.
Spire Global, Inc. (NYSE: SPIR) has been awarded a contract by the National Reconnaissance Office (NRO) to enhance its commercial radio frequency (RF) data capabilities. This contract extends through March 1, 2025 and supports the NRO's Strategic Commercial Enhancements program initiated in September 2022. The integration of commercial RF data aims to bolster situational awareness and address emerging intelligence challenges. Spire operates over 100 satellites providing critical data for military and federal agencies, enhancing global security and operational efficiency.
Spire Global, Inc. (NYSE: SPIR) has secured an Indefinite Delivery Indefinite Quantity (IDIQ) contract from NOAA, valued at a ceiling of $59 million, effective March 27, 2023, to March 26, 2028. This contract allows Spire to provide critical near-real-time radio occultation data, enhancing NOAA's weather forecasts and climate research capabilities. As the largest producer of RO data, Spire operates over 100 satellites, currently delivering 20,000 profiles daily, with the potential to reach 100,000 profiles in 18-24 months. This contract builds upon a strong partnership as Spire previously received $23.6 million in NOAA contracts in FY22.
Spire Global, Inc. (NYSE: SPIR) has been awarded a contract by NOAA totaling
Spire Global, Inc. (NYSE: SPIR) announced that it is not in compliance with NYSE Rule 802.01C regarding the minimum average closing price of its Class A common stock over a 30-day trading period. However, this notification does not lead to immediate delisting. The Company plans to inform the NYSE of its intent to regain compliance within 10 business days and can restore compliance if its stock price closes at or above $1.00 at the end of any calendar month during the cure period. Spire is considering a reverse stock split, pending shareholder approval, as one option to achieve compliance.
Spire Global, Inc. (NYSE: SPIR), a leader in space-based data and analytics, will participate in the Canaccord Genuity NewSpace Investor Summit on March 27, 2023. The presentation, led by CEO Peter Platzer, is scheduled for 11:00 a.m. ET. Spire leverages a large satellite constellation to provide valuable data, enhancing decision-making for organizations worldwide. This event represents Spire's ongoing commitment to innovative data solutions and engagement with investors. A webcast of the presentation can be accessed here.
Spire Global reported a record quarterly revenue of $22.4M, reflecting a 49% year-over-year increase. During Q4 2022, net cash used in operating activities improved by 72% year-over-year to $5.1M. The company's annual recurring revenue (ARR) reached $99.4M, up 41% year-over-year, with an ARR net retention rate of 117%. Looking ahead, Spire anticipates a strong 2023, projecting revenue between $104M and $109M for the full year, indicating a 30%-36% growth. The company continues to focus on achieving profitability and plans to be free cash flow positive in 12 to 18 months.
Spire Global, Inc. (NYSE: SPIR) announces its participation in the Bank of America Global Industrials Conference on March 21, 2023, in London. CEO Peter Platzer will present at this in-person event. Spire is a prominent provider of space-based data and analytics, utilizing a large satellite constellation to deliver unique datasets that help organizations improve operations, reduce environmental impacts, and mitigate risks. By offering subscription-based access to valuable data, Spire aims to support commercial and governmental entities in making informed decisions and gaining competitive advantages.
Spire Global, Inc. (NYSE: SPIR) has scheduled a conference call on March 8, 2023, at 5:00 p.m. ET to discuss its fourth quarter and full year 2022 financial results. The results will be released after the market closes on the same day. Investors can join the conference call via a live webcast accessible on Spire Global’s Investor Relations website. Spire is a leading provider of space-based data, utilizing a large satellite constellation to deliver unique datasets and predictive analytics, enabling organizations to make data-driven decisions efficiently and effectively.
Spire Global, Inc. (NYSE: SPIR) announced its participation in two significant industry events. The first is the Cowen 44th Annual Aerospace/Defense & Industrials Conference on February 16, 2023, from 8:30 a.m. to 9:10 a.m. ET in Arlington, VA, featuring a presentation by CFO Thomas Krywe. The second event is the Barclays Industrial Select Conference on February 22, 2023, in Miami, FL, also presented by Krywe. Spire is a leader in space-based data analytics, utilizing its extensive satellite constellation to supply critical data for organizations worldwide. This participation demonstrates Spire's commitment to innovation in space data solutions.
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