NYSE$SPIR

Spire Global Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Spire's Q4 2022 results were announced, featuring record quarterly revenue and significant year-over-year improvements in operating loss and cash usage.

Spire Global announced record quarterly revenue of $22.4 million, a 49% year-over-year increase. The company also reported significant improvements in net cash used in operating activities and free cash flow. Spire is focused on achieving profitability and being free cash flow positive in 12 to 18 months.

  • Spire achieved record quarterly revenue of $22.4 million, representing a 49% year-over-year increase.
  • Net cash used in operating activities improved by 72% year-over-year to $5.1 million.
  • Free cash flow used in the quarter improved by 66% year-over-year to $8.1 million.
  • Full year 2022 ARR net retention rate improved to 117%.

Headline financials

Total Revenue

$22.4M

Previous: $15M+49.4%
EPS (adj)

-$0.80

Previous: -$0.88+9.1%
Capital Expenditures

$2.97M

Previous: $6.11M-51.4%
Free Cash Flow

-$8.08M

Previous: -$24.1M+66.5%
Net Income

-$17.5M

Previous: $59.9M-129.3%
Operating Income

-$16.3M

Previous: -$24M+32.2%
Gross Profit

$11.7M

Previous: $8.66M+34.8%
Cash & Equivalents

$47.2M

Previous: $109M-56.8%
Total Assets

$257M

Previous: $290M-11.6%
Stock-Based Comp

$3.17M

Previous: $5.03M-37.1%

Revenue & EPS history

Spire · Revenue · Quarterly

$22.4M

Q4 2022+49.4%vs Q4 2021
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Spire is providing guidance for the first quarter and the full year ending December 31, 2023, expecting continued growth and further steps towards profitability.

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 2022

Historical avgQ4 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

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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