Spire Global Inc Stock Price, News & Analysis

Spire Global, Inc. (NYSE: SPIR) has appointed Chuck Cash as Vice President of Federal Sales. Cash, a Navy veteran with extensive experience in digital transformation, will enhance Spire's federal business growth strategy from their Vienna, Virginia office. Previously, Cash was Chief Revenue Officer at Govini and held positions at Salesforce and Oracle, focusing on Department of Defense accounts. His leadership aims to strengthen relationships with federal agencies and leverage Spire’s space-based data solutions for U.S. government challenges.

Spire Global, Inc. (NYSE: SPIR) has been awarded an $8 million contract by the National Oceanographic and Oceanic Administration (NOAA) for space-based radio occultation (RO) data to enhance weather forecasting. The contract increases the number of RO profiles provided from 3,000 to 5,500, confirming Spire's reliability in delivering operational RO data. This award emphasizes NOAA's commitment to sourcing commercial data, which is significantly cheaper than government missions, underscoring the partnership's long-term viability.

Spire Global, Inc. (NYSE: SPIR) has announced a new partnership with Sinay, a tech firm specializing in maritime data solutions. This collaboration aims to enhance global maritime operations by integrating Spire's historical and real-time Automatic Identification System (AIS) data into Sinay's machine learning models. The Sinay Hub will use Spire’s data to improve efficiency, predict Estimated Time of Arrival (ETA), and support cargo tracking by including weather insights. This move is expected to bolster situational awareness for maritime stakeholders and enhance compliance with environmental regulations.

Spire Global, Inc. (NYSE: SPIR) has secured a new contract with Stratolaunch, enhancing its capabilities in providing weather data for hypersonic flight tests. This collaboration will leverage Spire’s satellite constellation to deliver accurate forecasts at various altitudes, crucial for safe and effective launch operations. Spire is providing 55 discrete vertical levels of forecast data, which improves upon traditional weather data sources. The use of Spire’s data aims to enhance operational confidence for Stratolaunch’s hypersonic vehicles.

Spire Global (NYSE: SPIR) reported strong preliminary financial results for Q4 and FY 2021, with Q4 revenue expected to be $15.3 million, up 111% year-over-year. For the full year, revenue reached $43.7 million, a 53% increase. The company highlighted a December 31, 2021, annual recurring revenue (ARR) of approximately $70.8 million, representing a 96% year-over-year growth. Looking ahead, Spire projects FY 2022 revenue between $85 million and $90 million, with ARR expected to range from $100 million to $105 million.

Spire Global, Inc. (NYSE: SPIR), a leader in space-based data and analytics, will participate in Cowen's 43rd Annual Aerospace/Defense & Industrials Conference on February 8, 2022. CEO Peter Platzer is scheduled to present from 7:10 - 7:50 a.m. PT (10:10 - 10:50 a.m. ET). The event is invitation-only, and interested investors should contact their sales representatives for one-on-one meetings. A webcast of the presentation will be available on the company's investor relations page.

Spire Global, Inc. (NYSE: SPIR) has launched a new AI-powered weather forecast service for global ports, enhancing its weather insight portfolio. The Port Optimized Forecast provides site-specific weather data, considering both natural and man-made variables. It aims to improve operational efficiency, safety, and resource allocation for port authorities by offering timely insights on weather conditions affecting vessel traffic. This initiative aligns with Spire's mission to tackle challenges in the global supply chain and climate change.

Spire Global (NYSE: SPIR) has partnered with Dragonfly Aerospace for the NICSAT2 program, supporting the Australian Government's Office of National Intelligence. The initiative aims to utilize small satellites for advanced machine learning applications in data processing. Spire will deploy its LEMUR satellite, equipped with AI capabilities for efficient data analysis. The NICSAT2 program follows the successful launch of the first satellite, Djara, which demonstrated quick deployment and effective data collection methods. This partnership emphasizes the importance of public-private collaboration in space technology.

Virgin Orbit (Nasdaq: VORB) successfully deployed 7 satellites during its Above the Clouds mission, marking its third launch within a year. The air-launch occurred from Mojave, California, utilizing the 747 aircraft Cosmic Girl, achieving a unique orbit 500km above Earth. This mission included both new and repeat customers like the U.S. Department of Defense. Overall, Virgin Orbit has now launched 26 satellites, expanding capabilities in communications, navigation, and agriculture.