earnings
confidence high
sentiment negative
materiality 0.80
Spire Global Q3 revenue $12.7M, miss on timing; net loss $19.7M
Spire Global, Inc.
- Q3 revenue $12.7M, down YoY after maritime sale; missed expectations due to revenue recognition timing and Earth observation contract renewal uncertainty.
- Operating loss $21.1M; net loss $19.7M; adjusted EBITDA negative $11.8M, all worsened YoY.
- Cash & equivalents $96.8M, debt-free; remaining performance obligations >$200M, ~$70M expected in 2026.
- New awards: $11.2M NOAA GNSS-RO contract, $2.5M NOAA ocean wind pilot, Deloitte contract for 8 satellites.