NYSE$SPIR
Spire Global Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Spire Global's first quarter performance showed revenue growth and improved operating loss.
Spire Global reported a 6% year-over-year increase in revenue, reaching $25.7 million for the first quarter of 2024. The company also showed improvement in GAAP and non-GAAP operating losses, and is reiterating expectations for positive cash flow from operations for the remainder of 2024 and positive free cash flow in summer 2024.
- First quarter revenue reached $25.7 million, a 6% increase year-over-year.
- GAAP operating loss improved to ($11.9M), an 18% year-over-year improvement.
- Non-GAAP operating loss lowered to ($7.0M), a 28% year-over-year improvement.
- Remaining contracted performance obligations not yet recognized as revenue totaled $195.7 million.
Headline financials
Revenue & EPS history
Spire · Revenue · Quarterly
$25.7M
Forward guidance
Spire is providing revenue guidance for the second quarter 2024 between $29.0 million and $33.0 million and revising its guidance for the full year ending December 31, 2024 between $122.0 million and $132.0 million.
Tailwinds
- Revenue for Q2 2024 is expected to be between $29.0 million and $33.0 million.
- Full year 2024 revenue is projected to be between $122.0 million and $132.0 million.
- Non-GAAP operating loss/income for Q2 2024 is expected to be between $(3.0) million and $1.0 million.
- Adjusted EBITDA for Q2 2024 is expected to be between $2.0 million and $5.0 million.
- Non-GAAP loss per share for Q2 2024 is expected to be between $(0.31) and $(0.15).
Headwinds
- Loss from operations (GAAP) for Q2 2024 is expected to be between $(11.3) million and $(7.3) million.
- Net loss per share (GAAP) for Q2 2024 is expected to be between $(0.63) and $(0.51).
- Loss from operations (GAAP) for FY 2024 is expected to be between $(33.6) million and $(23.6) million.
- Net loss per share (GAAP) for FY 2024 is expected to be between $(2.40) and $(2.07).
- Non-GAAP operating loss/income for FY 2024 is expected to be between $(11.0) million and $(1.0) million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
-1.8%
Avg return
Earnings day
-1.9%
Avg return
5 days after
+3.6%
Avg return
30 days after
36%
8 / 22 earnings
Positive
+14.2%
Q3 2023
Best reaction
-24.0%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | +3.0% | -1.2% | |
| Q4 2025 | -5.0% | +18.3% | +80.3% | |
| Q3 2025 | -24.0% | -2.3% | +30.6% | |
| Q1 2025 | +12.0% | +12.0% | +4.7% | |
| Q4 2024 | -1.6% | -7.0% | +18.7% | |
| Q3 2024 | -0.1% | -0.6% | -27.7% | |
| Q2 2024 | -9.1% | -31.8% | -16.8% | |
| Q1 2024 | -18.7% | -23.7% | -13.6% | |
| Q4 2023 | +12.5% | -0.2% | -0.3% | |
| Q3 2023 | +14.2% | +14.7% | +73.3% | |
| Q2 2023 | -14.8% | -3.7% | -4.4% | |
| Q1 2023 | +10.8% | +11.6% | +12.1% | |
| Q4 2022 | -15.3% | -19.4% | -30.7% | |
| Q3 2022 | -4.6% | +6.9% | -6.9% | |
| Q2 2022 | +6.2% | +13.2% | +5.6% | |
| Q1 2022 | -9.6% | -9.6% | +2.7% | |
| Q2 2021 | +9.2% | -1.4% | -19.8% | |
| Q4 2021 | +2.3% | -21.0% | -8.9% | |
| Q3 2021 | +0.4% | +0.9% | -20.0% | |
| Q1 2021 | -0.1% | -0.1% | +0.5% | |
| Q4 2020 | -0.9% | -0.4% | -1.4% | |
| Q3 2020 | -0.3% | -0.3% | +1.7% | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q3 2012 | — | — | — |
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