Cuts FY25 revenue view to $70.5M-$72.5M from $85M-$95M, consensus $88.73M. Sees FY25 adjusted EBITDA loss $41.3M-$42.2M. The company said, “Given the revenue movement out of 2025, Spire now expects in excess of 30% revenue growth in 2026 for the business remaining after the maritime divestiture. The Company is in the process of completing its 2026 budget with the goal of becoming adjusted EBITDA and operating cash flow break even to positive by no later than Q4 2026. We are taking a comprehensive look at our cost base to align to our revenue expectations and the sale of the maritime business.”
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