Spire Global Q1 revenue $24.2M record (+34% YoY); GAAP gross margin 57%

Spire Global, Inc.

2023-Q1 EPS reported -$0.12 revenue$24,168,000

Revenue $24.2M, up 34% YoY; GAAP gross margin 57%, +11 pts YoY.
GAAP operating loss narrowed 28% to ($14.5M); Non-GAAP op loss ($9.8M).
Annual Recurring Revenue (ARR) reached $104.8M (+28% YoY); 781 ARR customers.
Full year 2023 guidance maintained; on track for positive FCF in 10-16 months.
Q1 results exceeded expectations; ARR net retention 108% vs 106% a year ago.

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 0.9

Spire Global, Inc. reported the quarter ended March 31, 2023 results: revenue $24.2 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $24.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

customer success and improving margins with scale and leverage.” First Quarter 2023 Highlights Financial: ● First quarter 2023 revenue increased 34% year-over-year to a record $24.2 million, which exceeded our expectations. Revenue growth was driven by new customer additions as well as increased adoption by existing customers. ● As of March 31, 2023, we surpassed

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Spire Global, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-020528

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