Spire Global Inc Stock Price, News & Analysis

Spire Global (NYSE: SPIR) has launched new Weather Insights and Weather by Route solutions, aimed at enhancing maritime operations by analyzing how weather conditions impact voyages. Utilizing a constellation of over 100 satellites, Spire's solutions offer insights into risk and efficiency for vessel operators. These tools help optimize shipping routes, thereby reducing fuel consumption and carbon emissions. According to Dr. Kevin Petty, the company's VP, these innovations address challenges like global supply chain disruptions and climate change.

Spire Global, Inc. (NYSE: SPIR) will hold a conference call on May 11, 2022, at 5:00 p.m. ET to discuss its Q1 2022 financial results. The earnings announcement will be released after market closure on the same day. Spire is enhancing shareholder engagement through a Q&A platform by Say Technologies, opening on May 4. Verified shareholders can submit questions ahead of the call. A live webcast will be accessible on Spire's Investor Relations website, with dial-in options available for attendees.

Spire Global, Inc. (NYSE: SPIR) will participate in the Jefferies Virtual Space Summit on April 12, 2022. CEO Peter Platzer is scheduled to present from 11:00 a.m. to 11:45 a.m. ET. The event will be webcast live, and replays will be available on the company’s investor relations website. Spire Global provides space-based data, analytics, and services, enabling organizations to make informed decisions using unique datasets. With a large satellite constellation, Spire aims to enhance operational efficiency and mitigate risks for commercial and government sectors.

Spire Global, Inc. (NYSE: SPIR) has appointed Benjamin Hackman as the new Head of Investor Relations. Hackman brings nearly 20 years of experience from Boeing, including serving as Chief Financial Officer for the F-15 program. He will report to CEO Peter Platzer and focus on enhancing communication with shareholders and investors. Hackman’s responsibilities include sharing the company’s vision, financial performance, and business strategy. This leadership change comes as Spire aims to further leverage its space-based data services to address global challenges.

Spire Global (NYSE: SPIR) is expanding its partnership with Slingshot Aerospace to support the development of a $2 million prototype analytics tool awarded by the U.S. Space Force. This tool aims to utilize space-based GPS telemetry data to identify sources of electronic interference, enhancing military operations. The DEEP prototype will automate data exploitation techniques, ensuring rapid delivery of critical data for national security. Spire’s extensive satellite constellation will provide essential GNSS data to mitigate potential threats to on-orbit space assets.

Spire Global (NYSE: SPIR) has entered a new agreement with NorthStar Earth & Space to develop a dedicated constellation of satellites focused on space situational awareness and debris monitoring. The initial phase includes three satellites, with options to expand to dozens. This contract is positioned to enhance NorthStar's capabilities in satellite tracking and collision avoidance, leveraging Spire's technological infrastructure. The launch of the first three satellites is expected in early 2023.

Spire Global, Inc. (NYSE: SPIR) announced robust preliminary fiscal year 2021 results, achieving a total revenue of $43.4 million, marking a 52% increase year-over-year. The company reported fourth-quarter revenue of $15.0 million, up 106% from the previous year. Annual recurring revenue (ARR) reached $70.8 million, a 96% increase, exceeding prior guidance. Spire's acquisition of exactEarth integrated 343 new customers, bringing total ARR solution customers to 598. Looking ahead, Spire provided optimistic guidance for Q1 FY22, projecting revenue between $16.5 - $17.5 million.

Spire Global, Inc. (NYSE: SPIR) has announced its participation in two significant upcoming events. The first is the Deutsche Bank 30th Annual Media, Internet & Telecom Conference on March 14, 2022, featuring a presentation from 2:20 p.m. to 3:00 p.m. ET, followed by a panel discussion at 3:50 p.m. ET. The second event is the BofA Securities STAARS Summit 2022 on March 21, 2022, focusing on Satellites and Space Infrastructure. Both events will include insights from Spire's CEO, Peter Platzer. More details are available on Spire's investor relations website.

Spire Global, Inc. (NYSE: SPIR) has announced a partnership with Sierra Nevada Corporation (SNC) to build four 6U LEMUR satellites for radio frequency (RF) collection and analysis. This collaboration aims to enhance SNC's capabilities in detecting and geolocating objects based on RF emissions, addressing the needs of military and government organizations. Spire's secure and scalable satellite platform will enable efficient advancement in RF collection technology.