STOCKS TELEGRAPH

Tag: SPIR

  • Spire Global Inc (SPIR) stock is gaining in the after-market. Here’s why

    Spire Global Inc (SPIR) stock is gaining in the after-market. Here’s why

    On 9 March 2022, Spire Global Inc (SPIR) released the initial fiscal performance for Q4 and FY2021. The stock gained in the after-market after the release of fiscal performance. The stock of Spire Global Inc (SPIR) closed the recent trading session at $2.19, gaining 2.34% from the previous day’s trading session. On the last check, the stock gained 0.91% to $2.21 in the after-market. The company also presented the fiscal stance for FY2022.

    Spire Global Inc is a space-to-cloud information and examination organization. The company works in the tracking of worldwide information fueled by a huge body of nanosatellites. SPIR has a market capitalization of $330.95 million and 151.12 million pending shares. The firm has its headquarter in Vienna, Virginia, United States of America (USA).

    SPIR Financials for Q4

    Spire Global released the initial fiscal performance for Q4, on 9 March 2022. The company had total sales of $14.9 million in Q4 of FY2021 versus $7.2 million in the same year-ago period. This marks a growth of 106.2%.

    Also, SPIR’s profit expanded by 80.1% in Q4 of FY2021 to $8.6 million against $4.8 million in the corresponding period of last year.

    Further, Spire Global had a total income of $59.9 million compared to the total loss of $10.1 million in Q4 of FY2020.

    Moreover, the company had an EPS of $0.38 in Q4 of FY21 versus the loss of $0.58 per stock in Q4 of FY20.

    SPIR Financials for FY2021

    Spire Global also released the initial fiscal performance for FY2021. The company had total sales of $43.3 million in FY2021 versus $284 million in FY2020. This marks a growth of 52.2% in sales.

    Further, SPIR’s profit expanded by 35.4% in FY2021 to $24.6 million against $18.2 million in the last year.

    Moreover, Spire Global had a total loss of $19.3 million in FY21 compared to the total loss of $32.5 million in FY20. The total loss was reduced by 40.5%.

    Also, the company had a loss of $0.31 per stock in FY21 versus the loss of $1.85 per stock in FY20.

    Fiscal guidance for FY22

    SPIR estimates the total sales to be in the range of $16.5 million and $17.5 million in Q1 of FY22. Also, the firm expects the total sales for FY2022 to be between $85 million and $90 million.

  • Preliminary Q4 & FY2021 Financials: Spire Global Inc. (SPIR) stock Rallies Big After Hours

    Preliminary Q4 & FY2021 Financials: Spire Global Inc. (SPIR) stock Rallies Big After Hours

    On January 31, Spire Global Inc. (SPIR) declared its preliminary financials for Q4 and full-year 2021. Along with this, the company also provided guidance for 2022. Consequently, the stock saw a significant increase in the after-hours on Monday.

    During regular trading, the stock fluctuated between a high of $2.5450 and a low of $2.3000. SPIR closed the session with a gain of 8.26% at $2.4900, with 1.34 million shares exchanging. Following the announcement, the stock gained a further 25.30% in the after-hours, at 655.62K shares. Therefore, SPIR stock was trading at $3.1200 per share in the after-hours on Monday.

    Spire Global Inc. has a market capitalization of $347.57 million along with its 139.06 million shares outstanding. Currently, the stock stands at a year-to-date loss of 26.33% while it has gained 8.26% in the past five days.

    Q4 and FY2021 Expectations

    SPIR excepts revenue for Q4 2021 to be $15.3 million, with a year-over-year increase of 111% against Q4 2020. This also includes $1.8 million from exactEarth during the fourth quarter of 2021.

    Additionally, the company expects to have $43.7 million in revenue for the full year of 2021. Thus, showing year-over-year growth of 53% against the previous year.

    Furthermore, the company expects annual recurring revenue (ARR) for 2021 to be $70.8 million including exactEarth’s contribution. Hence, showing year-over-year growth of 96%.

    SPIR’s Future Guidance

    For the full year of 2022, the company expects revenue to be between $85 million and $90 million.

    Furthermore, the expected ARR for 2022, at December 31, 2022, is between $100 million and $105 million.

    In addition, SPIR intends to file its Form 10-K on or before March 31, 2022, along with a conference call in the second week of March 2022.

    Upcoming Participation

    On Monday, the company also announced its upcoming participation in Cowen’s 43rd Annual Aerospace/Defense & Industrial Conference. SPIR’s CEO, Peter Platzer will not only be presenting at the conference but also take part in one-on-one meetings. Further, the conference will be taking place on February 8, 2022.

    Previously, the company had also participated in the CJS Securities 22nd Annual Investor Conference on January 12, 2022.

    SPIR and Dragonfly Partnership

    On January 21, the company announced its partnership with Dragonfly Aerospace. The partnership will support the Australian Government’s ONI (Office of National Intelligence) with a second satellite. The satellite will be part of ONI’s National Intelligence Community Satellite program.

  • Spire Global, Inc. (SPIR) Stock Gaining Momentum in Premarket, Here’s What Happened.

    Spire Global, Inc. (SPIR) Stock Gaining Momentum in Premarket, Here’s What Happened.

    Spire Global, Inc. (SPIR) is an international key space-based data and analytics provider offering utilizing exclusive datasets. It is a multi-purpose satellite constellation to cause difficult to purchase, valued data and augments it with analytical solutions.

    The price of SPIR stock during the regular trading on January 24, 2022 was $2.3 with a surge of 3.61%. At last check in the premarket on January 25, 2022, the stock was further up by 0.87%.

    SPIR: Events and Happenings

    On January 21, 2022, SPIR reported about its entry into a collaboration with Dragonfly Aerospace thus supporting the ONI of Australian Government with a second satellite. The follow-up portfolio will be used by the company to design, build and launch its LEMUR satellite platform. After its launch, the company has the capacity of computing and processing of AI on-board.

    SPIR reported on January 5, 2022, that the company’s Executives presented at CJS Securities 22nd Annual “New Ideas for the New Year” Investor Conference held on January 12, 2022. On December 16, 2021, SPIR reported about its triumphant delivery of Space Force SSC payload to the space outside its 3U LEMUR CubeSat.

    SPIR co-reported with Virgin Orbit on December 9, 2021, about the receipt of relinquishment nod from the Federal Aviation Authority to incorporate the company on Virgin Orbit’s future launch. On December 7, 2021, SPIR reported about receipt of contract under the ESA’s navigation platform known as NAVISP. The company will build current capacities of its constellation and tools development for geolocation signal dispensation.

    On December 2, 2021, SPIR reported about the use of company’s satellite and terrestrial AIS data by the Minehub Technologies Inc. The data will help entitle its commodities program and improve the routing for increased capacity carrier containers.

    On December 1, 2021, SPIR reported that the company’s Executives presented at the following investor conferences.

    • Morgan Stanley 4th Annual Space Summit held on December 7.
    • Virtual Truist Securities 2021 Industrials and Services Summit held on December 7, and
    • Virtual Canaccord Genuity 5th New Space Investor Summit held on December 9, 2021.

    SPIR: Key Financials

    On November 10, 2021, SPIR reported its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.

    Revenue

    Revenue in the quarter was recorded to be $9.6 million compared to $7.1 million in the same period in 2020.

    Net Loss per Share

    Basic and diluted net loss per share in Q3 2021 was $32.7 million or $0.49 compared to $7.6 million or $0.43 in the same period of 2020.

    Conclusion

    SPIR stock lost its momentum by 76% from the past six months period. The reason for this decline is the recessing economic conditions prevailing globally. The current premarket surge in the stock is due to uncertain reason because the company did not show any recent activity. The analysts are predicting this stock position as groundbreaking for the company’s policies which influence investor turn-out.