Financial PerformanceDespite a decrease in revenues, gross profit grew sequentially due to lower satellite depreciation expense and personnel costs, resulting in Spire’s best quarterly gross margin in 10 quarters.
Government SupportThe European Union member states approved a favorable budget for the European Space Agency, which is expected to benefit Spire Global's various business sectors, including weather remote sensing data, satellite manufacturing, and global security.
Strategic PartnershipsSpire Global secured a significant contract with Deloitte for an 'eight-figure' Space Services satellite contract, which highlights the company's strong business development capabilities.