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Dec 31, 2021
Spire Q4 2021 Earnings Report
Announced preliminary results, showing revenue increase and strategic acquisition.
Key Takeaways
Spire Global announced strong Q4 2021 results, with revenue reaching $15.0 million, a 106% increase year-over-year. The company's full-year revenue was $43.4 million, representing a 52% increase. Spire also completed the acquisition of exactEarth and focused on business integration.
Fourth quarter revenue increased by 106% to $15.0 million.
Full year revenue increased by 52% to $43.4 million.
ARR reached $70.8 million, a 96% increase year-over-year.
Completed the acquisition of exactEarth and focused on integration.
Spire
Spire
Forward Guidance
Spire provided revenue guidance for Q1 FY22 between $16.5 million and $17.5 million, representing a 70%-80% year-over-year growth, and full year FY22 revenue guidance between $85.0 million and $90.0 million, representing a 96%-107% year-over-year growth.
Positive Outlook
- Q1 FY22 Revenue is expected to be between $16.5 million and $17.5 million, representing 70%-80% Y/Y Growth.
- FY22 Revenue is expected to be between $85.0 million and $90.0 million, representing 96%-107% Y/Y Growth.
- Q1 FY22 ARR is expected to be between $80.5 million and $81.5 million, representing 131%-133% Y/Y Growth.
- FY22 ARR is expected to be between $100.0 million and $105.0 million, representing 41%-48% Y/Y Growth.
- Q1 FY22 ARR Solution Customers are expected to be between 620 and 630.
Challenges Ahead
- Q1 FY22 Non-GAAP Operating Loss is expected to be between ($15.8) million and ($14.8) million.
- Q1 FY22 Adjusted EBITDA is expected to be between ($12.5) million and ($11.5) million.
- Q1 FY22 Non-GAAP Loss Per Share is expected to be between ($0.14) and ($0.13).
- FY22 Non-GAAP Operating Loss is expected to be between ($48.3) million and ($43.3) million.
- FY22 Adjusted EBITDA is expected to be between ($34.0) million and ($29.0) million.