Spire Global Q3 revenue $20.4M record (+114% YoY), ARR $98.1M, net cash burn down 53%

Spire Global, Inc.

2022-Q3 EPS reported -$0.51 revenue$57,883,000

Record quarterly revenue of $20.4M; 114% YoY increase, high end of guidance.
Annual Recurring Revenue (ARR) of $98.1M, up $12.8M sequentially and 117% YoY.
Net cash used in operations $10.2M, 53% YoY improvement; targeting positive cash flow in 16–22 months.
ARR net retention rate improved to 135%, reflecting land-and-expand success.
GAAP operating loss $16.4M; non-GAAP operating loss $11.4M; annual operating loss guidance improving.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Spire Global, Inc. reported quarter ended September 30, 2022 results: revenue $20.4M.

Period: quarter ended September 30, 2022
Revenue: $20.4M
Result: reported results

Exact text from the filing

Spire Global Announces Third Quarter 2022 Results ● Record quarterly revenue of $20.4M; 114% year-over-year (YOY) increase ● Record ARR of $98.1M; $12.8M sequential increase; 117% YOY increase ● Net cash used in operating activities of $10.2M; 53% YOY improvement ● Improved sequential ARR net retention rate to 135% ● Improving annual operating loss guidance

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Source: SEC EDGAR

accession 0000950170-22-023897

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