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Spire Global (NYSE:SPIR) Full Year 2024 Results

Key Financial Results

• Revenue: US$110.5m (up 13% from FY 2023).

• Net loss: US$102.8m (loss widened by 33% from FY 2023).

• US$4.26 loss per share (further deteriorated from US$3.96 loss in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Spire Global Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 1.1%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 14% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Spire Global (2 are significant!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.