Spire Q4 2022 Earnings Report
Key Takeaways
Spire Global announced record quarterly revenue of $22.4 million, a 49% year-over-year increase. The company also reported significant improvements in net cash used in operating activities and free cash flow. Spire is focused on achieving profitability and being free cash flow positive in 12 to 18 months.
Spire achieved record quarterly revenue of $22.4 million, representing a 49% year-over-year increase.
Net cash used in operating activities improved by 72% year-over-year to $5.1 million.
Free cash flow used in the quarter improved by 66% year-over-year to $8.1 million.
Full year 2022 ARR net retention rate improved to 117%.
Spire
Spire
Forward Guidance
Spire is providing guidance for the first quarter and the full year ending December 31, 2023, expecting continued growth and further steps towards profitability.