•
Dec 31, 2024
Spire Q4 2024 Earnings Report
Spire narrowed its net loss and improved operational efficiency in Q4 2024 while continuing to grow recurring revenue.
Key Takeaways
Spire Global generated $21.66 million in revenue during Q4 2024, reflecting progress in customer acquisition and contract renewals. Although the company reported a net loss, both GAAP and Non-GAAP EPS improved year-over-year. ARR guidance suggests continued strength heading into 2025.
Q4 2024 revenue was $21.66 million, up from $20.4 million in Q4 2023.
GAAP EPS improved to -$0.73 from -$1.23 a year earlier.
Non-GAAP EPS came in at -$0.83, compared to -$0.97 in Q4 2023.
ARR forecast for Q1 2025 is between $128 million and $130 million.
Spire
Spire
Forward Guidance
Spire expects Q1 2025 revenue between $22M and $24M with a narrowed non-GAAP net loss per share and solid ARR growth.
Positive Outlook
- Q1 2025 revenue guidance between $22M and $24M
- ARR forecasted between $128M and $130M
- Non-GAAP EPS expected between -$0.65 and -$0.63
- Operational efficiency improvements underway
- Net new ARR customer contracts already signed for Q1
Challenges Ahead
- GAAP net loss projected between -$26.8M and -$24.8M in Q1 2025
- Operating loss forecasted between -$21.3M and -$19.3M
- Revenue to decline from divested maritime segment
- Company continues to rely on financing activities
- Cyber-related and restructuring costs remain ongoing risks