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Spire Global (SPIR)
NYSE:SPIR
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.35Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: 8.16%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
Spire Global's earnings call highlighted strong revenue growth and increased demand in defense and intelligence sectors. However, significant challenges include delays in the maritime business sale, ongoing high operating losses, and cash flow challenges. Revenue recognition issues also posed difficulties. Despite positive developments in AI-driven weather models and ARR growth, financial stability and execution remain concerns.Company Guidance
During the Spire Global Fourth Quarter and Full Year 2024 earnings call, the company provided guidance that highlights a strategic focus on growth opportunities in 2025, driven by increased demand for their space-based weather data and space reconnaissance solutions. Spire's CEO, Theresa Condor, emphasized that their products are well-positioned to address the challenges posed by severe weather and global security needs. The company expects revenue for Q1 2025 to be between $22 million and $24 million, with an annual growth rate ranging from 12% to 17% for the remaining business, excluding the held-for-sale maritime business. Spire projects a 20% revenue growth for 2026, with ARR expected to be between $128 million and $130 million by the end of Q1 2025. The company also launched 20 satellites in Q1 2025 and signed significant contracts, including a CAD72 million deal with the Canadian Space Agency. Spire is also responding to increased defense spending from countries like the UK, EU, and Germany, which is anticipated to drive a portion of their revenue growth. The company remains focused on achieving profitable growth and enhancing operational efficiency.Increased Defense and Intelligence Spending
Spire expects increased defense and intelligence spending to drive revenue growth, with recent contracts from the European Union, Germany, and the United Kingdom indicating strong demand. A CAD72 million contract was awarded by the Canadian Space Agency for wildfire sat program.
Strong Revenue Growth in 2024
GAAP revenue for the fiscal year 2024 was $110.5 million, increasing 13% year-over-year. This growth was driven by increased annual recurring revenue business and space services contracts.
AI-Driven Weather Models
Spire introduced AI-driven weather models delivering forecasts up to 45 days, running 1,000 times faster than traditional models, which are expected to improve weather forecasting accuracy.
Resilient ARR Growth
ARR at quarter end was $112.2 million, up 5% year-over-year, indicating a strong subscription-based revenue model.
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SPIR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SPIR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $8.09 | $7.94 | -1.85% |
| Mar 03, 2025 | $10.52 | $10.62 | +0.95% |
| Aug 14, 2024 | $10.16 | $6.75 | -33.56% |
| May 15, 2024 | $11.34 | $9.91 | -12.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Spire Global (SPIR) report earnings?
Spire Global (SPIR) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Spire Global (SPIR) earnings time?
Spire Global (SPIR) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPIR EPS forecast?
SPIR EPS forecast for the fiscal quarter 2025 (Q1) is -0.17.
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