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      Preliminary Q4 & FY2021 Financials: Spire Global Inc. (SPIR) stock Rallies Big After Hours - Stocks Telegraph

      By Gule Rukhsar

      Published on

      February 1, 2022

      4:16 AM UTC

      Preliminary Q4 & FY2021 Financials: Spire Global Inc. (SPIR) stock Rallies Big After Hours - Stocks Telegraph

      On January 31, Spire Global Inc. (SPIR) declared its preliminary financials for Q4 and full-year 2021. Along with this, the company also provided guidance for 2022. Consequently, the stock saw a significant increase in the after-hours on Monday.

      During regular trading, the stock fluctuated between a high of $2.5450 and a low of $2.3000. SPIR closed the session with a gain of 8.26% at $2.4900, with 1.34 million shares exchanging. Following the announcement, the stock gained a further 25.30% in the after-hours, at 655.62K shares. Therefore, SPIR stock was trading at $3.1200 per share in the after-hours on Monday.

      Spire Global Inc. has a market capitalization of $347.57 million along with its 139.06 million shares outstanding. Currently, the stock stands at a year-to-date loss of 26.33% while it has gained 8.26% in the past five days.

      Q4 and FY2021 Expectations

      SPIR excepts revenue for Q4 2021 to be $15.3 million, with a year-over-year increase of 111% against Q4 2020. This also includes $1.8 million from exactEarth during the fourth quarter of 2021.

      Additionally, the company expects to have $43.7 million in revenue for the full year of 2021. Thus, showing year-over-year growth of 53% against the previous year.

      Furthermore, the company expects annual recurring revenue (ARR) for 2021 to be $70.8 million including exactEarth’s contribution. Hence, showing year-over-year growth of 96%.

      SPIR’s Future Guidance

      For the full year of 2022, the company expects revenue to be between $85 million and $90 million.

      Furthermore, the expected ARR for 2022, at December 31, 2022, is between $100 million and $105 million.

      In addition, SPIR intends to file its Form 10-K on or before March 31, 2022, along with a conference call in the second week of March 2022.

      Upcoming Participation

      On Monday, the company also announced its upcoming participation in Cowen’s 43rd Annual Aerospace/Defense & Industrial Conference. SPIR’s CEO, Peter Platzer will not only be presenting at the conference but also take part in one-on-one meetings. Further, the conference will be taking place on February 8, 2022.

      Previously, the company had also participated in the CJS Securities 22nd Annual Investor Conference on January 12, 2022.

      SPIR and Dragonfly Partnership

      On January 21, the company announced its partnership with Dragonfly Aerospace. The partnership will support the Australian Government’s ONI (Office of National Intelligence) with a second satellite. The satellite will be part of ONI’s National Intelligence Community Satellite program.

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