Spire Global Inc (SPIR) said after close Wednesday that it lost $0.35 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $27.7 million, missing estimates by $1.6 million.
In the same quarter a year ago, the company lost $0.8 per share on revenue of $22.4 million.
The stock is down 1.04% to $12.39 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Spire Global Inc a Bullish Sentiment Rank from InvestorsObserver.
Spire Global Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 98, putting Spire Global Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $12.75 on March 1, 2024 and set a 52-week low on June 23, 2023 at $2.8.
Spire Global Inc is a provider of space-based data, analytics, and space services, offering access to datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. The company uses multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions.
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Spire Global Inc Down 1.04% To $12.39 After Earnings Beat
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