Vancouver, Canada, June 16, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR) (“Spirit” or the “Company”) is pleased to announce that on January 30, 2025 it engaged 2686363 Ontario Corporation dba CanaCom Group (the “Service Provider”) firms to design, develop and execute a company awareness program through TheDeepDive.ca blog that will help engage the online investor community into understanding Spirit. The term of the engagement is for a period of 12 months from February 3, 2025 (being t ...

Shares of Spire Global, Inc. (SPIR) have gained 7.2% over the past four weeks to close the last trading session at $10.38, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.60 indicates a potential upside of 59.9%.The average comprises five short-term price targets ranging from a low of $13 to a high of $20, with a standard deviation of $2.51. While the lowest estimate indicat ...

Core Insights - Spirit Blockchain Capital Inc. reported key milestones and unaudited financial results for Q1 2025, highlighting progress in financing, product launches, and operational capabilities [1][3] Financial Performance - The company completed a CAD $2.11 million Listed Issuer Financing Exemption Offering in February 2025 to strengthen its balance sheet [6] - Cash and cash equivalents at the end of the quarter were CAD $1,118,585, an increase from CAD $929,194 at year-end 2024, with a working capital surplus of CAD $729,781 [6] - The entire EOS-tranche of convertible debentures amounting to CAD $1,105,024 was converted into equity, eliminating related interest and derivative liabilities [6] Product Development - On March 27, 2025, Spirit Digital AG launched the Spirit Ethereum Yield+ ETP and Spirit Solana Yield+ ETP on SIX Swiss Exchange and Deutsche Börse, providing regulated, exchange-listed vehicles for ETH and SOL staking strategies [6] Market Positioning - The company upgraded to the OTCQB® Venture Market under the ticker "SBLCF" on April 22, 2025, enhancing access for U.S. investors [6] - Inder Saini was appointed as CFO to strengthen financial controls, and a strategic partnership was formed with Astralane to develop a Staked SOL Index [6] Company Overview - Spirit Blockchain Capital Inc. focuses on blockchain infrastructure and digital asset yield opportunities through three verticals: infrastructure yield, blockchain investments, and regulated exchange-listed products [3]

Spire Global Q1 2024 Investor Update May 15, 2024 DISCLAIMER AND FORWARD–LOOKING STATEMENTS This presentation contains forward-looking statements, including information about management's view of Spire's future expectations, plans and prospects, including our views regarding future execution within our business, and the opportunity we see in our industry, within the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertaint ...

Spire Global (SPIR) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Company Participants Ben Hackman - Head-Investor RelationsTheresa Condor - CEOAlison Engel - CFOErik Rasmussen - Vice PresidentBrian Kinstlinger - MD, Director of Research & Head of Technology ResearchAustin Moeller - Director - Equity ResearchChris Quilty - Co-CEO & President Conference Call Participants Jeffrey Meuler - AnalystJeff Van Rhee - Partner & Senior Analyst - Equity Research Operator Please note this conference is being recorded. ...

Spire Global (SPIR) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Please note this conference is being recorded. I will now turn the conference over to your host, Ben Hackman, Head of Investor Relations. Thank you. You may begin. Speaker1 Thank you. Hello, everyone, and thank you for joining Spire's first quarter twenty twenty five earnings conference call. Our earnings press release and related SEC filings are posted on the company's IR website. A replay of today's call will also be made availabl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______ to______ Commission File Number: 001-39493 SPIRE GLOBAL, INC. (Exact Name of Registrant as Specified in its Charter) WASHINGTON, DC 20549 FORM 10-Q (Registrant's telephone number, inclu ...

Exhibit 99.1 Spire Global Announces First Quarter 2025 Results VIENNA, VA, May 14, 2025 – Spire Global, Inc. (NYSE: SPIR) ("Spire" or "the Company"), a global provider of space-based data, analytics and space services, announced results for its quarter ended March 31, 2025. The Company will hold a webcast at 5:00 p.m. ET today to discuss the results. "Backed by a strong space heritage and renewed focus on execution, we are poised to seize opportunities driven by rising defense budgets and the growing demand ...

Spire Global, Inc. (NYSE:SPIR) Q4 2024 Earnings Conference Call March 31, 2025 5:00 PM ET Company Participants Ben Hackman - Head of Invest Relations Theresa Condor - CEO Thomas Krywe - Interim CFO Conference Call Participants Austin Moeller - Canaccord Genuity Brent Penter - Raymond James Jeff Meuler - Baird Erik Rasmussen - Stifel Jeff Van Rhee - Craig-Hallum Capital Group Brian Kinstlinger - Alliance Global Partners Operator Greetings, and welcome to the Spire Global Fourth Quarter and Full Year 2024 Cal ...

Financial Performance - Third quarter 2024 revenue reached $28.6 million, reflecting 29% year-over-year growth[5] - For the nine months ended September 30, 2024, revenue was $88.8 million, reflecting 21% year-over-year growth[6] - Preliminary full year 2024 revenue is expected to be between $108.0 million and $110.0 million, with year-over-year growth of 11% to 13%[10] - Revenue for Q3 2024 was $28.568 million, representing an increase of 29.5% compared to $22.126 million in Q3 2023[31] - Gross profit for Q3 2024 was $12.725 million, up from $9.486 million in Q3 2023, indicating a gross margin improvement[31] - Gross profit (Non-GAAP) for Q3 2024 was $13,814, a 30% increase from $10,579 in Q3 2023[35] - Gross margin (Non-GAAP) remained stable at 48% for both Q3 2024 and Q3 2023[36] Cash Flow and Expenses - Achieved positive cash flow from operations of $14.0 million and positive free cash flow of $5.1 million in the third quarter 2024[5] - The company reported a net cash provided by operating activities of $0.749 million for the nine months ended September 30, 2024, compared to a net cash used of $39.486 million in the same period of 2023[34] - Free cash flow for the nine months ended September 30, 2024, was $5,082, compared to -$16,152 in the same period of 2023[37] - Operating expenses totaled $26.444 million in Q3 2024, slightly higher than $26.303 million in Q3 2023[31] - Research and development expenses decreased to $5.631 million in Q3 2024 from $7.931 million in Q3 2023, reflecting a focus on cost management[31] - Research and development expenses (Non-GAAP) decreased to $4,441 in Q3 2024 from $6,974 in Q3 2023, representing a 36% reduction[35] - Sales and marketing expenses (Non-GAAP) were $4,571 in Q3 2024, down 27% from $6,320 in Q3 2023[35] Losses and Improvements - Third quarter 2024 GAAP operating loss was $13.7 million, an 18% year-over-year improvement[6] - Third quarter 2024 net loss was $12.5 million, reflecting a 47% year-over-year improvement[9] - Adjusted EBITDA for the third quarter 2024 was negative $3.1 million, showing a 66% year-over-year improvement[9] - Net loss for Q3 2024 was $12.473 million, compared to a net loss of $23.337 million in Q3 2023, showing a significant reduction in losses[31] - Basic and diluted net loss per share improved to $0.50 in Q3 2024 from $1.12 in Q3 2023[31] - Net loss (GAAP) narrowed to $12,473 in Q3 2024 compared to $23,337 in Q3 2023, a 47% improvement[36] - Adjusted EBITDA for Q3 2024 was -$3,120, an improvement from -$9,200 in Q3 2023[37] Future Projections - GAAP loss from operations is expected to range from $(73.4) million to $(71.4) million[38] - Non-GAAP loss from operations is projected to be between $(38.2) million and $(36.2) million[38] - GAAP net loss per share is estimated to be between $(4.47) and $(4.38)[38] - Non-GAAP net loss per share is expected to range from $(2.39) to $(2.31)[38] - Total net loss (GAAP) is projected to be between $(107.2) million and $(105.2) million[38] - Adjusted EBITDA is expected to range from $(20.9) million to $(18.9) million[38] - Stock-based compensation is anticipated to be $20.2 million[38] - The company will exclude $7.4 million in other unusual and infrequent costs from its financials[38] Operational Highlights - Awarded $40.0 million of annual contract value in the third quarter 2024, marking the largest value of bookings received in a quarter[5] - Spire was awarded $6.7 million by NASA to deliver Earth observation data for enhancing global weather forecasting[9] - Successfully launched seven satellites on the SpaceX Transporter-11 mission, bringing the total number of Spire satellites launched to 186[9] - The company has nine offices globally, indicating a strong market presence and potential for expansion[30] Assets and Cash Position - Total assets decreased to $224.191 million as of September 30, 2024, down from $239.264 million at the end of 2023[33] - Cash and cash equivalents were $29.061 million as of September 30, 2024, compared to $29.136 million at the end of 2023[33]