NYSE$SPIR

Spire Global Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Spire Global's Q4 2023 results showcased record revenue and positive cash flow from operations.

Spire Global announced strong Q4 and full year 2023 results, achieving positive cash flow from operations and adjusted EBITDA. The company reported record revenue for the tenth consecutive quarter, with Q4 revenue reaching $27.7 million.

  • Achieved tenth consecutive quarter of record revenue with $27.7 million in Q4.
  • Improved GAAP operating loss to ($8.2M), a 50% year-over-year improvement.
  • Net loss improved to ($12.2M), a 30% year-over-year improvement, with positive adjusted EBITDA of $2.1M.
  • Achieved positive cash flow from operations of $4.1M and free cash flow of ($2.2M).

Headline financials

Total Revenue

$27.7M

Previous: $22.4M+23.9%
EPS (adj)

-$0.35

Previous: -$0.80+56.3%
Capital Expenditures

-$6.34M

Previous: $2.97M-313.6%
Net Income

-$12.2M

Previous: -$17.5M+30.3%
Operating Income

-$8.21M

Previous: -$16.3M+49.6%
Gross Profit

$14.8M

Previous: $11.7M+27.1%
R&D Expense

$8.97M

No prior period
Stock-Based Comp

$3.46M

Previous: $3.17M+9.3%

Revenue & EPS history

Spire · Revenue · Quarterly

$27.7M

Q4 2023+23.9%vs Q4 2022
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

Spire is providing revenue guidance for the first quarter 2024 between $27.0 million and $29.0 million and for the full year ending December 31, 2024 between $138.0 million and $148.0 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 2023

Historical avgQ4 2023

-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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