NYSE$SPIR
Spire Global Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Spire's Q2 2022 results were announced, demonstrating revenue growth and strategic execution.
Spire Global reported a strong second quarter in 2022, with revenue increasing by 113% year-over-year to $19.4 million. The company's annual recurring revenue (ARR) also saw significant growth, increasing by 133% year-over-year to $85.3 million. Spire reaffirmed its guidance for annual recurring revenue and positive free cash flow timing.
- Revenue increased 113% year-over-year to $19.4 million.
- Annual recurring revenue increased 133% year-over-year to $85.3 million.
- GAAP operating loss was $16.4 million.
- Non-GAAP operating loss was $10.1 million, better than guidance by $1.9 million.
Headline financials
Revenue & EPS history
Spire · Revenue · Quarterly
$19.4M
Forward guidance
Spire is providing guidance for the third quarter ending September 30, 2022, and the full year ending December 31, 2022. This guidance assumes continued strength of the U.S. dollar in relation to foreign currencies, which creates a headwind to revenue growth.
Tailwinds
- Q3 2022 revenue is expected to be between $19.5 million and $20.5 million.
- Full year 2022 revenue is expected to be between $80.0 million and $83.0 million.
- Q3 2022 annual recurring revenue (ARR) is expected to be between $90.3 million and $91.3 million.
- Full year 2022 ARR is expected to be between $101.0 million and $105.0 million.
- Q3 2022 non-GAAP operating loss is expected to be between $11.8 million and $10.8 million.
Headwinds
- Full year 2022 non-GAAP operating loss is expected to be between $46.5 million and $43.5 million.
- Continued strength of the U.S. dollar creates a headwind to revenue growth.
- Q3 2022 non-GAAP loss per share is expected to be between $0.11 and $0.10.
- Full year 2022 non-GAAP loss per share is expected to be between $0.42 and $0.40.
- The guidance assumes continued strength of the U.S. dollar in relation to foreign currencies, which creates a headwind to revenue growth.
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 Q2 2022
-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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