Spire Global, Inc. (SPIR) is an international key space-based data and analytics provider offering utilizing exclusive datasets. It is a multi-purpose satellite constellation to cause difficult to purchase, valued data and augments it with analytical solutions.
The price of SPIR stock during the regular trading on January 24, 2022 was $2.3 with a surge of 3.61%. At last check in the premarket on January 25, 2022, the stock was further up by 0.87%.
SPIR: Events and Happenings
On January 21, 2022, SPIR reported about its entry into a collaboration with Dragonfly Aerospace thus supporting the ONI of Australian Government with a second satellite. The follow-up portfolio will be used by the company to design, build and launch its LEMUR satellite platform. After its launch, the company has the capacity of computing and processing of AI on-board.
SPIR reported on January 5, 2022, that the company’s Executives presented at CJS Securities 22nd Annual “New Ideas for the New Year” Investor Conference held on January 12, 2022. On December 16, 2021, SPIR reported about its triumphant delivery of Space Force SSC payload to the space outside its 3U LEMUR CubeSat.
SPIR co-reported with Virgin Orbit on December 9, 2021, about the receipt of relinquishment nod from the Federal Aviation Authority to incorporate the company on Virgin Orbit’s future launch. On December 7, 2021, SPIR reported about receipt of contract under the ESA’s navigation platform known as NAVISP. The company will build current capacities of its constellation and tools development for geolocation signal dispensation.
On December 2, 2021, SPIR reported about the use of company’s satellite and terrestrial AIS data by the Minehub Technologies Inc. The data will help entitle its commodities program and improve the routing for increased capacity carrier containers.
On December 1, 2021, SPIR reported that the company’s Executives presented at the following investor conferences.
- Morgan Stanley 4th Annual Space Summit held on December 7.
- Virtual Truist Securities 2021 Industrials and Services Summit held on December 7, and
- Virtual Canaccord Genuity 5th New Space Investor Summit held on December 9, 2021.
SPIR: Key Financials
On November 10, 2021, SPIR reported its financial results for the quarter ended September 30, 2021. Some of the key updates are as follows.
Revenue
Revenue in the quarter was recorded to be $9.6 million compared to $7.1 million in the same period in 2020.
Net Loss per Share
Basic and diluted net loss per share in Q3 2021 was $32.7 million or $0.49 compared to $7.6 million or $0.43 in the same period of 2020.
Conclusion
SPIR stock lost its momentum by 76% from the past six months period. The reason for this decline is the recessing economic conditions prevailing globally. The current premarket surge in the stock is due to uncertain reason because the company did not show any recent activity. The analysts are predicting this stock position as groundbreaking for the company’s policies which influence investor turn-out.
