Spire Global Q2 revenue record $26.5M, +37% YoY; raises full-year guidance, expects positive cash flow by year-end

Spire Global, Inc.

2023-Q2 EPS reported -$0.23 revenue$50,661,000

Record Q2 revenue $26.5M, +37% YoY, exceeding midpoint of guidance by $2.0M.
GAAP gross margin improved to 64% (+13 pts YoY); non-GAAP gross margin 68% (+11 pts YoY).
GAAP operating loss narrowed to ($11.0M) (33% YoY improvement); adjusted EBITDA loss ($3.0M) (58% improvement).
Raised full-year guidance: narrower non-GAAP operating loss, improved adjusted EBITDA, and higher ARR solution customer midpoint.
Guides positive cash from operations in Q4 2023, positive adjusted EBITDA by Q1-Q2 2024.

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 quarter ended June 30, 2023 results: revenue $26.5M, net income ($16.3M). Guidance reaffirmed.

Period: quarter ended June 30, 2023
Revenue: $26.5M
Net income: ($16.3M)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- EX-99.1 Exhibit 99.1 Spire Global Announces Strong Second Quarter 2023 Results; Expects Positive Cash Flow from Operations by Year End ● Record quarterly revenue of $26.5M; 37% year-over-year (YOY) increase ● Increased GAAP gross margins to 64%; 13 pt YOY improvement, and non-GAAP gross margins to 68%; 11 pt YOY improvement ● Narrowed GAAP

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Source: SEC EDGAR

accession 0000950170-23-040576

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