Spire Global

Spire Global, Inc. collects space-based data using a proprietary constellation of low earth multi-use receiver nanosatellites. Its software analytics generate proprietary data, insights and predictive analytics for its customers through a subscription model. The company was founded by Peter Platzer in August 2012 and is headquartered in Vienna, VA.

Earnings data Q3 2021

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Spire Global reports revenue growth and strategic partnerships for 2024

Spire Global's Q1 2024 performance showed revenue growth, improved operating loss, and a strong cash position, with a positive outlook for full-year revenue.
The company's strengths lie in its focus on profitability, AI-driven solutions, strong market positioning, and strategic partnerships.
Challenges include short-term revenue impacts, contract renewals, and potential integration complexities, while opportunities exist in expanding services, government interest, and advanced technology collaborations.
Overall, Spire Global remains committed to growth, innovation, and profitability in the space industry, leveraging AI and strategic partnerships for future success.

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Spire Global operates a satellite constellation and provides data and insights to customers, with an initial focus on weather monitoring and prediction. Spire Global also offers space services to other companies, leveraging its ability to build and operate satellite constellations. Technological advances, including AI, have opened up a large opportunity for Spire Global, but declining launch costs may intensify competition in the future.

Spire Global: Reasonably Priced Data Play

Spire Global offers an opportunity to invest in space and AI simultaneously, with potential for positive cash flows in the near future. The company's business model revolves around a large satellite fleet providing data solutions in areas like maritime travel, aviation, and weather, with a focus on maximizing sales. Despite short-term uncertainties and risks like non-insured space assets and debt, SPIR's integration of generative AI with satellite data positions it well for significant growth potential.

Spire Global: An AI Buy Story, But In Space

MEUDON, France & MUNICH & TOULOUSE, France--(BUSINESS WIRE)--Thales (Euronext Paris: HO), Spire Global (NYSE: SPIR), and European Satellite Services Provider (ESSP) have signed a Memorandum of Cooperation with the goal of introducing a range of innovative global satellite-based surveillance services to the air traffic management (ATM) industry and broader aviation market. These services will be powered by a specialized constellation of over 100 satellites collecting Automatic Dependent Surveill.

Thales, Spire Global and ESSP to Develop a Space-Based Air Traffic Surveillance Service

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VIENNA, Va.--(BUSINESS WIRE)---- $SPIR--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, today announced its participation in the following upcoming events. Event: Lytham Partners Spring 2024 Investor Conference Date: May 30, 2024 Presentation Time: 10:15 a.m. ET Presenter: Peter Platzer, Spire CEO Webcast link: https://wsw.com/webcast/lytham11/spir/2118270 Event: Stifel 2024 Cross Sector Insight Conference Date: June 4, 2024.

Spire Global Announces Participation in Upcoming Investor Events

VIENNA, Va.--(BUSINESS WIRE)---- $SPIR--Spire Global is set to join the broad-market Russell 3000® Index.

Spire Global to Join Russell 3000® Index

Spire Global (NYSE: SPIR ) stock is falling hard on Thursday following the release of the data analytics company's earnings report for the first quarter of 2024. The bad news for SPIR stock starts with its adjusted earnings per share of -53 cents.

Why Is Spire Global (SPIR) Stock Down 22% Today?

Spire Global, Inc. (NYSE:SPIR ) Q1 2024 Earnings Conference Call May 15, 2024 5:00 PM ET Company Participants Ben Hackman - Head, IR Peter Platzer - CEO Leo Basola - CFO Conference Call Participants Austin Moeller - Canaccord Genuity Jeffrey Meuler - Baird Erik Rasmussen - Stifel Brian Kinstlinger - Alliance Global Partners Operator Greetings, and welcome to the Spire Global's First Quarter 2024 Call. At this time, all participants are in a listen-only mode.

Spire Global, Inc. (SPIR) Q1 2024 Earnings Call Transcript

VIENNA, Va.--(BUSINESS WIRE)---- $SPIR--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading provider of space-based data, analytics and space services, today announced results for its quarter ended March 31, 2024. The Company will hold a webcast at 5:00 pm ET today to discuss the results. “For over a decade, Spire's trajectory has been shaped by two enduring global megatrends: global security and the escalating impacts of climate change,” said Peter Platzer, Spire CEO. “Since our foundi.

Spire Global Announces First Quarter 2024 Results

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VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, has entered into a multi-million-dollar deal with a financial firm. The Company will provide its High-Resolution Weather Forecast model, which offers a six-day outlook powered by proprietary data collected from space, and develop an AI-powered model for long-range forecasting. Through this deal, Spire will build off of its recent collabor.

Spire Global Secures Multi-Million Dollar Deal with Financial Firm for Weather Forecasts

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VIENNA, Va.--(BUSINESS WIRE)---- $SPIR #SpireGlobal--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading provider of space-based data, analytics and space services, announced today that it will hold a conference call with investors and analysts on Wednesday, May 15, 2024 at 5:00 p.m. ET to discuss the Company's first quarter 2024 financial results. The news release announcing the results will be disseminated on May 15, 2024 after the market closes. A live webcast of the conference call will be avail.

Spire Global Schedules First Quarter 2024 Results Conference Call

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VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics and space services, announced an agreement with HANCOM InSpace (“Hancom”), initially a spin-off by Korea Aerospace Research Institute and now a part of HANCOM Group, for Sejong-2 and Sejong-3 two additional satellites with Spire Space Services. Under this agreement, Spire will build and operate the satellites, expanding the capabilities of HANCOM-1 (.

Spire Global Announces Space Services Deal to Scale Constellation for HANCOM InSpace

VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, today announced that it has closed its previously announced registered direct offering of 2,142,858 shares of Class A common stock at a purchase price of $14.00 per share, resulting in gross proceeds of approximately $30 million, before deducting placement agent commissions and other offering expenses. In addition, the Company has issued.

Spire Global Announces Closing of $30 Million Registered Direct Offering

Spire Global, Inc. has experienced a significant increase in its stock price, similar to other AI companies, and is currently at a discount after a recent financing announcement. The financing round will raise approximately $30 million immediately and includes warrants that expire in July 2024, suggesting confidence in the company's future performance. If the company uses the majority of the funds to pay down debt, it will have a positive impact on its financials and improve its balance sheet.

Spire Global: Strong Buy Once The Financing Closes

The mean of analysts' price targets for Spire (SPIR) points to a 26.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Spire (SPIR) Could Surge 26.25%: Read This Before Placing a Bet

VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics and space services, today announced that it has entered into securities purchase agreements with two institutional investors for the purchase and sale of 2,142,858 shares of Class A common stock at a purchase price of $14.00 per share pursuant to a registered direct offering, resulting in gross proceeds of approximately $30 million, before deducting.

News for Spire Global Stock (SPIR)