NYSE$SPIR

Spire Global Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced preliminary results, showing revenue increase and strategic acquisition.

Spire Global announced strong Q4 2021 results, with revenue reaching $15.0 million, a 106% increase year-over-year. The company's full-year revenue was $43.4 million, representing a 52% increase. Spire also completed the acquisition of exactEarth and focused on business integration.

  • Fourth quarter revenue increased by 106% to $15.0 million.
  • Full year revenue increased by 52% to $43.4 million.
  • ARR reached $70.8 million, a 96% increase year-over-year.
  • Completed the acquisition of exactEarth and focused on integration.

Headline financials

Total Revenue

$15M

Previous: $7.27M+106.1%
EPS (adj)

-$0.88

Previous: -$0.58-51.7%
Capital Expenditures

$6.11M

Previous: $2.07M+194.7%
Free Cash Flow

-$24.1M

Previous: -$8.43M-185.9%
Net Income

$59.9M

Previous: -$10.2M+689.8%
Operating Income

-$24M

Previous: $43.8M-154.9%
Gross Profit

$8.66M

Previous: $4.81M+80.2%
Cash & Equivalents

$109M

Previous: $15.6M+601.7%
Total Assets

$290M

Previous: $44.4M+553.3%
Stock-Based Comp

$5.03M

Previous: $2.16M+133.1%

Revenue & EPS history

Spire · Revenue · Quarterly

$15M

Q4 2021+106.1%vs Q4 2020
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Forward guidance

Spire provided revenue guidance for Q1 FY22 between $16.5 million and $17.5 million, representing a 70%-80% year-over-year growth, and full year FY22 revenue guidance between $85.0 million and $90.0 million, representing a 96%-107% year-over-year growth.

Tailwinds

  • Q1 FY22 Revenue is expected to be between $16.5 million and $17.5 million, representing 70%-80% Y/Y Growth.
  • FY22 Revenue is expected to be between $85.0 million and $90.0 million, representing 96%-107% Y/Y Growth.
  • Q1 FY22 ARR is expected to be between $80.5 million and $81.5 million, representing 131%-133% Y/Y Growth.
  • FY22 ARR is expected to be between $100.0 million and $105.0 million, representing 41%-48% Y/Y Growth.
  • Q1 FY22 ARR Solution Customers are expected to be between 620 and 630.

Headwinds

  • Q1 FY22 Non-GAAP Operating Loss is expected to be between ($15.8) million and ($14.8) million.
  • Q1 FY22 Adjusted EBITDA is expected to be between ($12.5) million and ($11.5) million.
  • Q1 FY22 Non-GAAP Loss Per Share is expected to be between ($0.14) and ($0.13).
  • FY22 Non-GAAP Operating Loss is expected to be between ($48.3) million and ($43.3) million.
  • FY22 Adjusted EBITDA is expected to be between ($34.0) million and ($29.0) 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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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