Spire Global, Inc. Provides Earnings Guidance for the Second Quarter of 2024; Revises Revenue Guidance for the Full Year of 2024
May 15, 2024 at 04:05 pm EDT
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Spire Global, Inc. provided earnings guidance for the second quarter and revised revenue guidance for the full year of 2024. For the quarter, the company expects revenue of $29.0 million - $33.0 million. Loss from operations of $11,300,000 - $7,300,000, Net loss per share of $0.63 - $0.51, and Net loss of $15,500,000 - $12,500,000.
For the year, the company revising revenue of $122.0 million - $132.0 million. Loss from operations of $33,600,000 - $23,600,000, Net loss per share of $2.40 - $2.07, and Net loss of $58,100,000 - $50,100,000.
Spire Global, Inc. is a provider of space-based data, analytics, and space services. The Company builds, owns, and operates a fully deployed satellite constellation that observes the earth in real time using radio frequency technology. It is engaged in designing, manufacturing, integrating, and operating its own satellites and ground stations, which enables end-to-end control and ownership over its entire system. It offers three data solutions to customers: Maritime, Aviation and Weather. Its proprietary constellation of Low Earth Multi-Use Receiver (LEMUR) satellites collects and transmits data to its proprietary global ground station network. It provides current and historical data, insights, and predictive analytics for ship monitoring, real-time and near real-time vessel updates. It provides global satellite-based aircraft tracking data to power applications. It offers space-based data, artificial intelligence (AI)-powered insights and predictive weather analytics.
SPIRE GLOBAL, INC. 
