Spire Global Reports $18 Million First Quarter Loss

  • Revenue increased to $18.1 million resulting in 86% year over year (YoY) growth
  • ARR of $81.6 million reflected $10.9 million of sequential and 134% YoY growth
  • Improved full year guidance – increased ARR low end range; lowered operating loss1
  • Reaffirmed remaining guidance

VIENNA, Va. (Spire Global PR) — Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”) a leading provider of space-based data, analytics and space services, today announced results for its quarter ended March 31, 2022.

“The first quarter was defined by strong execution, delivering results that exceeded our expectations on the top and bottom line. As market volatility, inflationary pressures, and supply chain constraints continue to make headlines, Spire is bringing insights to help our customers drive stability and operational efficiencies during these dynamic times,” said Peter Platzer, Spire’s CEO. “Customers recognize the value of Spire data, and we have seen them expand across our data products and up the data value chain. We look for continued growth and further customer diversity as more use cases for Spire’s data become apparent.”

(more…)

NorthStar Earth & Space Secures Radio Frequency Spectrum License Approval for 52 Satellite Constellation

MONTREAL, August 24, 2021 (NorthStar Earth & Space PR) — NorthStar Earth & Space (NorthStar) has received approval in principle from Innovation, Science and Economic Development Canada (ISED) authorizing NorthStar to use all of the company’s requested radio frequency spectrum allocation for its planned 52-satellite constellation that will deliver a suite of information services related to Earth and space sustainability.

Specifically, ISED has authorized use for all NorthStar requested Ka-band and X-band radio-frequency ranges, ensuring that NorthStar will have the bandwidth required to deliver millions of images per day of highly detailed, information-rich imagery from multiple sensor types. The ISED approval in principle confirms NorthStar’s Canadian spectrum application is in full compliance with the Radio Regulations of the International Telecommunication Union (ITU), an agency of the United Nations.

(more…)

NorthStar Announces $13 Million in Financing from Government of Quebec

MONTREAL, Aug. 22, 2018 (NorthStar PR) — NorthStar, a Montreal-based information services company developing the world’s most advanced environmental and near-space monitoring system, is pleased to announce the closing of C$13 million [US$10 million] in financing from the Government of Quebec. As part of an overall $52 million [US$40.1 million] first round of financing, NorthStar will align with Quebec and other strategic partners to create a global environmental information platform that will empower humanity to preserve our planet.

(more…)