Spire Q3 2022 Earnings Report
Key Takeaways
Spire Global announced record quarterly revenue of $20.4 million, a 114% year-over-year increase, and record ARR of $98.1 million, a 117% year-over-year increase. The company's net cash used in operating activities improved by 53% year-over-year, and the ARR net retention rate rose to 135%.
Record quarterly revenue of $20.4M, a 114% year-over-year increase.
Record ARR of $98.1M, a $12.8M sequential increase, and a 117% year-over-year increase.
Net cash used in operating activities of $10.2M, a 53% year-over-year improvement.
Improved sequential ARR net retention rate to 135%.
Spire
Spire
Forward Guidance
Spire is providing guidance for the fourth quarter and the full year ending December 31, 2022. This guidance assumes continued strength of the U.S. dollar in relation to foreign currencies, which creates a headwind to revenue growth.