Spire Global ( (SPIR) ) has released a notification of late filing.
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Spire Global, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The delay is primarily due to additional accounting activities required following the sale of the company’s maritime business to Kpler Holding SA. This transaction necessitated further efforts to finalize the company’s financial statements. Spire Global does not anticipate meeting the five-day extension period for filing the report. Financially, the company expects significant changes, including a gain of over $150 million from the sale, resulting in net income for the period, contrasting with a net loss in the previous year. However, revenue is expected to decrease due to the sale. The company remains committed to compliance, with CFO Alison Engel signing the notification.
The most recent analyst rating on (SPIR) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Spire Global stock, see the SPIR Stock Forecast page.
Spark’s Take on SPIR Stock
According to Spark, TipRanks’ AI Analyst, SPIR is a Neutral.
Spire Global’s stock score is primarily impacted by its weak financial performance, characterized by high leverage and negative cash flows. Although the earnings call provided some optimism with strategic achievements and potential revenue growth, technical indicators and valuation metrics suggest caution. Recent corporate events offer a mixed outlook with both positive developments and uncertainties.
To see Spark’s full report on SPIR stock, click here.
More about Spire Global
Average Trading Volume: 608,676
Technical Sentiment Signal: Strong Sell
Current Market Cap: $326.8M
See more insights into SPIR stock on TipRanks’ Stock Analysis page.