Spire Global Inc Stock Price, News & Analysis

Spire Global (NYSE: SPIR) has been selected by the U.S. Space Force's Space Systems Command for a significant 10-year IDIQ contract under the Space Test Experiments Platform (STEP) 2.0 program, with a ceiling value of $237 million. As one of 12 companies chosen, Spire will compete for task orders to design, build, integrate, and operate satellite buses for experimental payloads.

The STEP 2.0 program aims to streamline space-based systems testing by utilizing commercial satellite providers to deliver standardized, adaptable buses for hosting various sensors and instruments. The program facilitates faster space access through commercial rideshare launches and supports both orbital and space station-based experiments.

Spire Global (NYSE: SPIR) reported Q1 2025 revenue of $23.9 million, with regional distribution of 57% from Americas, 34% from EMEA, and 9% from Asia Pacific. The company improved its operational cash flow usage by 5% year-over-year to $8.4 million. Following a maritime transaction, Spire eliminated all debt and holds $136 million in cash and equivalents.

Key developments include winning a Can$72 million contract from the Canadian government for wildfire monitoring satellites, successful two-way optical link establishment between satellites, and launch of AI weather models (AI-WX and AI-S2S). For FY2025, Spire projects revenue between $85-95 million and expects to maintain over $100 million in cash by year-end.

Spire Global (NYSE: SPIR), a provider of space-based data, analytics and space services, has scheduled its Q1 2025 earnings conference call for May 14, 2025, at 5:00 p.m. ET. The company will release its financial results after market close on the same day. Investors and analysts can join via webcast at ir.spire.com or by calling toll-free at 877-841-2968 using conference ID 13753787. A replay of the webcast will remain available for six months on the company's investor relations website.

Spire Global and Myriota have expanded their Space Services partnership with a new agreement to design, build, and operate 16 additional satellites with enhanced second-generation payloads for IoT connectivity. This expansion will increase Myriota's total satellite deployment through Spire to over 40 satellites.

The collaboration, which began in 2021, has enabled Myriota to scale its IoT platform by deploying network software on Spire's optimized satellites. The expanded constellation will deliver improved IoT connectivity features including:

• Enhanced security
• Faster data access
• Reduced latency
• Better device control
• Improved firmware updating capabilities

This partnership aims to address critical gaps in IoT communication, serving sectors like agriculture, water, and logistics with ultra-low power networks featuring multi-year sensor battery life.

Spire Global (NYSE: SPIR) has completed the sale of its maritime business to Kpler for approximately $233.5 million, plus a $7.5 million service agreement extending over twelve months post-closure. The company has utilized the proceeds to completely eliminate its outstanding debt, with the remaining funds allocated for investment in near-term growth opportunities.

Spire Global (NYSE: SPIR) reported its Q4 and full year 2024 results, achieving $110.5 million in revenue for 2024, representing a 13% year-over-year growth. The company demonstrated significant operational improvements with cash flows used in operations of $18.5 million, a 49% improvement year-over-year, and free cash flow of ($45.0 million), a 16% improvement year-over-year.

The company maintains strong future commitments with $216.4 million in remaining performance obligations, of which 31% is expected to be recognized within 12 months. For 2025, Spire projects revenue growth of 12-17%, excluding the held-for-sale maritime business, with growth concentrated in the second half. The company anticipates approximately 20% revenue growth in 2026.

Notable business developments include a new AI space exploration mission with Mission Control and a partnership with LatConnect60 for sustainable agriculture practices using GNSS reflectometry data and Soil Moisture Insights.

Spire Global (NYSE: SPIR), a space-based data, analytics and space services provider, has scheduled its fourth quarter and full year 2024 financial results conference call for March 31, 2025, at 5:00 p.m. ET. The company will release its financial results after market close on the same day.

Investors and analysts can access the live webcast through Spire's Investor Relations website at ir.spire.com. For audio participation, a toll-free dial-in number (877-841-2968) is available with conference ID 13752752. A replay of the webcast will remain accessible on the company's IR website for six months.

Spire Global (NYSE: SPIR) has appointed Alison Engel as its new Chief Financial Officer, effective April 1, 2025. Engel brings nearly two decades of CFO experience, most recently serving as CFO of LeaseAccelerator (2023-2024). Her previous roles include CFO positions at Gannet (2015-2020) and DallasNews (2008-2014).

Engel, who holds accounting degrees from the University of Texas at Austin, will be based at Spire's Vienna, Virginia headquarters. She replaces Thomas Krywe, who served as interim CFO and will remain as an executive advisor through April.

Spire Global (NYSE: SPIR) has launched two advanced AI weather models - AI-WX and AI-S2S - built on NVIDIA Omniverse Blueprint for Earth-2. The models leverage Spire's proprietary satellite data to provide medium-range forecasts up to 20 days (AI-WX) and sub-seasonal forecasts extending to 45 days (AI-S2S).

The AI-driven models run 1,000 times faster than traditional physics-based models and integrate data from Spire's satellite network, including atmospheric profiles, soil moisture readings, and ocean surface winds. Unlike traditional deterministic models, they provide probabilistic forecasts offering multiple possible weather outcomes.

Notable customers Freepoint Commodities and Dominion Energy are already utilizing these models to navigate market complexities and evaluate potential risks of extreme weather events. The models are particularly valuable for industries such as energy, utilities, and commodities that are vulnerable to weather-related disruptions.