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Mar 31, 2023
Spire Q1 2023 Earnings Report
Spire's Q1 2023 revenue increased by 34% year-over-year, reaching a record $24.2 million, and GAAP gross margins improved to 57%.
Key Takeaways
Spire Global announced strong first quarter 2023 results with record quarterly revenue of $24.2 million, a 34% year-over-year increase. The company increased GAAP gross margins to 57% and narrowed GAAP operating loss to $14.5 million.
Record quarterly revenue of $24.2M, a 34% year-over-year increase.
GAAP gross margins increased to 57%, an 11 pt year-over-year improvement.
GAAP operating loss narrowed to ($14.5M), a 28% year-over-year improvement.
Non-GAAP operating loss lowered to ($9.8M), a 24% year-over-year improvement.
Spire
Spire
Forward Guidance
Spire is providing guidance for the second quarter and full year ending December 31, 2023.