Spire Global Q1 revenue $25.7M (+6% YoY), guides 20% sequential growth in Q2, expects positive FCF in summer 2024

Spire Global, Inc.

2024-Q1 EPS reported -$1.16 revenue$34,825,000

Q1 revenue $25.7M, up 6% YoY; GAAP operating loss improved 18% YoY to ($11.9M).
Non-GAAP operating loss ($7.0M), a 28% YoY improvement; remaining performance obligations $195.7M.
Raises $40M gross proceeds in Q1; reaffirms positive cash flow from ops for rest of 2024 and positive FCF in summer.
Q2 guidance: 20% sequential revenue growth; expects positive adjusted EBITDA in Q2.
CEO cites global security and climate megatrends; CFO highlights disciplined capital allocation.

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, 2024 results: revenue $25.7 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $25.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First quarter 2024 revenue was $25.7 million, representing 6% year-over-year growth.

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Source: SEC EDGAR

accession 0000950170-24-060458

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