Toronto, ON / Zug, Switzerland , July 24, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc. (CSE: SPIR | OTCQB: SPBCF), a publicly listed digital asset management and tokenization company, is proud to announce the launch of its next strategic evolution: Spirit Blockchain 2.0—an integrated, yield-generating digital asset platform that brings together active treasury management, regulated financial products, and institutional-grade infrastructure under a unified public-market structure. This marks a tra ...

Core Insights - Spirit Blockchain Capital Inc. has completed the programming and development phase of its digital wealth management platform, SpiritLinQ, which is set for pilot onboarding in Q3 and full commercial release in Q4 2025 [1][3] - SpiritLinQ aims to provide a secure and compliant gateway for institutional and accredited investors to access the growing digital asset and tokenization economy [2][4] Market Timing and Strategic Rationale - The completion of SpiritLinQ aligns with the global adoption of tokenized financial infrastructure, positioning the company to benefit from regulatory support and institutional demand [3] - The CEO of Spirit Blockchain Capital Inc. emphasized that the convergence of technology, regulation, and institutional interest presents a significant opportunity in tokenized finance, with Spirit being one of the few publicly traded platforms ready to scale [3] - The company is committed to being the preferred platform for asset managers and institutions seeking reliable infrastructure with public market governance [3] Industry Overview - The global tokenization market is projected to grow from approximately USD 3.4 billion in 2024 to over USD 4.1 billion in 2025, reflecting an estimated CAGR of over 22% [5] - The total value of tokenized real-world assets on-chain surpassed USD 24 billion as of Q2 2025, with projections indicating the broader tokenized asset market could exceed USD 10 trillion by 2030 [5] - Major financial institutions, including BlackRock and JPMorgan, have made strategic investments in tokenized asset markets, indicating strong institutional interest [5] Platform Features - SpiritLinQ enables the issuance and management of tokenized securities, real-world assets, digital funds, and structured yield products, featuring multi-chain wallet functionality and integrated compliance tools [5] - The platform is designed to bridge traditional financial instruments with emerging on-chain assets, with ongoing initiatives in exchange-traded products [5]

Core Insights - Spirit Blockchain Capital Inc. has appointed Don Stewart, CFA, as an Independent Board Member, enhancing its governance and strategic execution [1][2] - Mr. Stewart's extensive experience in capital markets, regulatory compliance, and financial innovation is expected to bolster investor trust and transparency within the company [2][3] - The appointment aligns with Spirit's long-term vision of establishing a compliant, investor-focused digital asset institution [6] Company Overview - Spirit Blockchain Capital Inc. is a publicly listed company focused on bridging traditional finance and digital assets through tokenization and regulated investment strategies [7] - The company operates under a multi-jurisdictional structure, emphasizing regulatory alignment in Switzerland, Canada, and globally [7] - Spirit provides capital markets access, token structuring, and digital asset management solutions to institutional and accredited investors [7] Leadership and Governance - Don Stewart's background includes serving as a Member of Parliament and leading the Market Surveillance team at the Canadian Investment Regulatory Organization [3][4] - His role on the Board's Compensation Committee and Business Development Committee will directly influence Spirit's shareholder alignment and capital strategy [5] - The CEO of Spirit Blockchain, Lewis Bateman, highlighted Stewart's appointment as a significant advancement for the Board and shareholders [4]

Core Insights - Spirit Blockchain Capital Inc. has engaged CanaCom Group to develop a company awareness program aimed at the online investor community, with a contract value of $150,000 for a 12-month term starting February 3, 2025 [1] - The company has also engaged Senergy Communications Capital Inc. for investor relations services, which began on March 30, 2025, and includes the production of additional content [3] Company Overview - Spirit Blockchain Capital Inc. is a growth-oriented investment company focused on the blockchain technology sector, investing in blockchain infrastructure, cryptocurrencies, mining operations, and emerging technologies [5]

Core Viewpoint - Spire Global, Inc. (SPIR) has seen a 7.2% increase in share price over the past four weeks, closing at $10.38, with analysts suggesting a potential upside of 59.9% based on a mean price target of $16.60 [1] Price Targets - The average price target consists of five estimates ranging from a low of $13 to a high of $20, with a standard deviation of $2.51, indicating variability among analysts [2] - The lowest estimate suggests a 25.2% increase from the current price, while the highest estimate indicates a potential upside of 92.7% [2] Analyst Sentiment - Analysts are optimistic about SPIR's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlates with stock price movements [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 8.2%, with one estimate moving higher and no negative revisions [12] Zacks Rank - SPIR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential upside [13]

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]

Financial Performance & Guidance - Q1 2024 revenue reached $25.7 million, a 6% increase year-over-year[18] - Remaining Performance Obligations (RPO) for Q1 2024 were $195.7 million, up 19% from Q1 2023[18] - Annual Recurring Revenue (ARR) for Q1 2024 was $120.9 million, a 15% increase year-over-year[18] - The company anticipates Q2 2024 revenue between $29.0 million and $33.0 million and full year 2024 revenue between $122.0 million and $132.0 million, representing a 20% improvement over 2023 at the midpoint[11, 27] - The company anticipates a Non-GAAP operating loss between ($3.0) million and $1.0 million for Q2 2024 and between ($11.0) million and ($1.0) million for full year 2024, a $19.8 million improvement at the midpoint[11, 27] - The company anticipates adjusted EBITDA between $2.0 million and $5.0 million for Q2 2024 and between $7.0 million and $15.0 million for full year 2024, a $22.0 million improvement at the midpoint[11, 27] Operational Highlights - Spire operates the largest multi-purpose constellation[9] - The company processes over 10 terabytes of data per day to feed AI/ML models[10] - The company raised $40 million gross proceeds at an average price of $13.44 per share in Q1[11] Market Trends & Opportunities - Climate change and global security challenges are driving demand for the company's business[6] - Underwriters have raised premiums for ships transiting the Red Sea by as high as 50% for U S, British, and Israeli firms[12]

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. ...

Financial Data and Key Metrics Changes - GAAP revenue for Q1 2025 was $23.9 million, reflecting a sequential growth of $2.2 million or 10% from Q4 2024 [22] - Revenue in Q1 2025 decreased compared to $34.8 million in Q1 2024, which included $9.6 million from a single performance obligation [22] - Non-GAAP operating loss was negative $11.5 million for Q1 2025, compared to negative $7.1 million in Q1 2024 [23] - Adjusted EBITDA was negative $7.9 million for Q1 2025, compared to negative $1.2 million in Q1 2024 [23] - The company ended Q1 2025 with $35.9 million in cash and cash equivalents, with a cash balance of approximately $136 million and zero debt as of April [24][15] Business Line Data and Key Metrics Changes - The company secured a significant CAD72 million contract from the Canadian Space Agency for wildfire monitoring, marking a key achievement in technical recognition [11] - Approximately 20 satellites were launched in Q1 2025, with half containing payloads for space services customers, indicating a revenue ramp-up in the second half of the year [26] - The company expects revenue for Q2 2025 to range between $18 million to $20 million, including $3 million from the Maritime business sold [28] Market Data and Key Metrics Changes - The U.S. has over 200 operational surveillance satellites, while Europe has fewer than 20, highlighting a significant market opportunity for the company [10] - The U.S. Administration's proposed budget for fiscal year 2026 includes a 13% increase in defense spending, creating new opportunities for the company [7] Company Strategy and Development Direction - The company aims for 20% revenue growth targets in the medium to long term, focusing on achieving profitability [16] - The company is streamlining operations by closing offices and reducing headcount, with plans to achieve breakeven to positive operating cash flow in the second half of the year [20][18] - The company is expanding manufacturing capabilities in Boulder and Munich to support U.S. Government and European customers [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential driven by government demand and increasing defense budgets [34] - Despite challenges, the company remains focused on rebuilding its trajectory and achieving profitability [16] - Management expects NOAA to increase its procurement of radio occultation data, which is critical for improving forecasting accuracy [39] Other Important Information - The company completed the strategic sale of its maritime business, eliminating its debt burden and strengthening its balance sheet by over $100 million [15] - The company is committed to maintaining its satellite network and infrastructure to meet growing demand [63] Q&A Session Summary Question: Guidance for revenue growth in the second half of the year - Management expects growth rates in the second half to be in the midpoint of 12% to 17% range, driven by government demand and satellite launches [35] Question: Potential for positive adjusted EBITDA by year-end - Management indicated that breakeven is expected going into 2026, with improvements in adjusted EBITDA anticipated in the second half of the year [38] Question: Confidence in NOAA contract awards - Management expressed confidence in regaining performance requirements with NOAA, expecting increased budgets for radio occultation data [39] Question: Updates on the Uriallo project - The Uriallo project is progressing well, with critical design reviews completed and further phases planned [66] Question: Pipeline growth and demand - Management noted strong demand across all products and services, particularly in government contracts [73] Question: Revenue relationship with NOAA's radio occultation soundings - Revenue is based on a price per sounding, with expectations for increased procurement from NOAA [75] Question: Revenue guidance variability - Variability in revenue guidance is due to uncertainties in the market and new accounting policies for revenue recognition [64] Question: Future growth drivers - Management expects growth to come from all areas of the business, particularly from government sales and space reconnaissance [92] Question: Vertical integration considerations - Management is focused on organic growth and efficiency rather than pursuing vertical integration at this time [95]

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 ...