Business
Spire Global Announces Fourth Quarter and Full Year 2024 Results
Full year 2024 revenue of $110.5 million, reflecting 13% year-over-year growth Cash flows...
About this update from Spirit Blockchain Capital, Inc.
[{"type":"text","content":"Spire Global Announces Fourth Quarter and Full Year 2024 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadb4 { padding-bottom: 5px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadl6 { padding-left: 30px }\n.bwpadl9 { padding-left: 45px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignm { vertical-align: middle }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth14 { width: 14% }\n.bwwidth15 { width: 15% }\n.bwwidth2 { width: 2% }\n.bwwidth64 { width: 64% }\n.bwwidth66 { width: 66% }\n \n\n\n\n\n\n Full year 2024 revenue of $110.5 million, reflecting 13% year-over-year growth\n \n\n\n\n Cash flows used in operations of $18.5 million for full year 2024, a 49% improvement year-over-year, and free cash flow\n \n 1\n \n of ($45.0) million for full year 2024, a 16% improvement year-over-year, demonstrating continued progress towards positive free cash flow\n \n\n\n\n Robust remaining contracted performance obligations not yet recognized as revenue of $216.4 million\n \n\n\n\n\n\n\n Spire Global, Inc.\n \n (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, announced results for its quarter and year ended December 31, 2024. The Company will hold a\n \n webcast\n \n at 5:00 p.m. ET today to discuss the results.\n \n\n “As we close out 2024, our focus shifts to the opportunities ahead in 2025, prioritizing operational efficiency and productivity to accelerate project timelines, speed up product launches, enhance market responsiveness, and increase margins—ultimately driving greater stockholder value,” said Theresa Condor, Spire CEO. “These initiatives are pivotal as we...