Welcome to our dedicated page for Spire Global news (Ticker: SPIR), a resource for investors and traders seeking the latest updates and insights on Spire Global stock.
Spire Global Inc (NYSE: SPIR) provides cutting-edge space-based data solutions for maritime, aviation, and weather intelligence. This news hub offers investors and industry professionals centralized access to official updates and market-moving developments.
Key resources include quarterly earnings reports, strategic partnership announcements, satellite deployment updates, and regulatory filings. Track SPIR's innovations in Earth observation technology and data-as-service offerings through verified press releases.
Discover how Spire's constellation of nanosatellites and advanced analytics platform drive decisions in global shipping routes, aircraft tracking, and climate monitoring. The curated news feed enables stakeholders to monitor contract wins, product launches, and financial performance.
Bookmark this page for real-time updates on SPIR's position in the NewSpace sector. Combine these primary sources with third-party analysis to maintain informed perspectives on the company's growth trajectory and industry impact.
Spire Global (NYSE: SPIR), a provider of space-based data and analytics, announced its participation in three upcoming investor events. The events are:
1. Lytham Partners Spring 2024 Investor Conference on May 30, 2024, at 10:15 a.m. ET. CEO Peter Platzer will present. Webcast link
2. Stifel 2024 Cross Sector Insight Conference on June 4, 2024, at 11:30 a.m. ET. CEO Peter Platzer will present. Webcast link
3. Baird 2024 Global Consumer, Technology & Services Conference on June 5, 2024, at 4:55 p.m. ET. CEO Peter Platzer will present. This event will be in-person, and investors are encouraged to contact their sales representative for one-on-one meetings.
Spire Global (NYSE: SPIR), a provider of space-based data and analytics, will join the Russell 3000® Index on July 1, boosting its visibility to investors. Membership ensures inclusion in either the large-cap Russell 1000® or small-cap Russell 2000® Index, as well as relevant growth and value style indexes. CEO Peter Platzer emphasized this milestone as a testament to Spire's commitment to long-term growth and value. The Russell indexes are key benchmarks, with about $10.5 trillion in assets benchmarked against them as of December 2023. This inclusion could attract more investment from managers and institutional investors.
Spire Global (NYSE: SPIR) announced its Q1 2024 results with a revenue of $25.7 million, a 6% year-over-year increase. The company reported a GAAP operating loss of $11.9 million, reflecting an 18% improvement, and a non-GAAP operating loss of $7 million, a 28% improvement. First quarter net loss was $25.2 million, a 43% decline year-over-year, with an adjusted EBITDA of negative $1.1 million, an 84% improvement. Spire raised $40 million in gross proceeds at an average share price of $13.44. The company holds $195.7 million in contracted performance obligations. Key deals include a multi-million-dollar weather forecasting contract and a satellite expansion agreement with HANCOM InSpace. Spire forecasts a strong Q2 revenue increase, aiming for positive adjusted EBITDA and free cash flow in summer 2024.
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