Revenue Performance - First quarter 2025 revenue was $23.9 million, a decrease from $34.8 million in the first quarter of 2024, which included a one-time performance obligation of $9.6 million[5][6] - Revenue distribution for Q1 2025: 57% from the Americas, 34% from Europe, Middle East, Africa, and 9% from Asia Pacific[5] - Revenue for Q1 2025 was $23.876 million, a decrease of 31.5% compared to $34.825 million in Q1 2024[27] - For Q2 2025, Spire expects revenue to range between $18.0 million and $20.0 million, and for the full year 2025, revenue guidance is set between $85.0 million and $95.0 million[8] - Full Year 2025 revenue is forecasted to be between $85,000,000 and $95,000,000, with a GAAP loss from operations estimated between $(76,000,000) and $(68,000,000)[35] Financial Metrics - Cash flows used in operations for Q1 2025 were $8.4 million, reflecting a 5% improvement year-over-year[5][6] - Net loss for Q1 2025 was $20.657 million, an improvement from a net loss of $25.544 million in Q1 2024, resulting in a basic and diluted net loss per share of $0.77[27][30] - The company reported a comprehensive loss of $23.332 million for Q1 2025, compared to a comprehensive loss of $27.106 million in Q1 2024[28] - Non-GAAP operating loss for Q2 2025 is expected to be between $(13.0) million and $(11.0) million, with a full year guidance of $(43.0) million to $(35.0) million[8] - Net loss per share (GAAP) for Q2 2025 is projected to be between $(0.96) and $(0.90), while Non-GAAP Net loss per share is expected to range from $(0.49) to $(0.42)[34] Expenses and Liabilities - Total operating expenses increased to $34.214 million in Q1 2025, up from $21.217 million in Q1 2024, primarily due to higher research and development costs[27] - Research and development expenses rose to $8.509 million in Q1 2025, compared to $6.037 million in Q1 2024, indicating a focus on innovation[31] - The total liabilities decreased to $203.291 million as of March 31, 2025, from $205.262 million at the end of 2024[29] Cash and Assets - As of April 2025, Spire eliminated all debt and reported cash, cash equivalents, and marketable securities of $136 million, expecting to finish the year with over $100 million[5] - Cash and cash equivalents increased to $35.931 million as of March 31, 2025, compared to $19.206 million at the end of 2024[29] - Total assets grew to $208.846 million as of March 31, 2025, up from $193.575 million at the end of 2024[29] Contracts and Innovations - Spire was awarded its largest contract to date, a Can$72 million contract from the Government of Canada to develop a satellite constellation for wildfire monitoring[6] - The company launched two advanced AI weather models, AI-WX and AI-S2S, providing probabilistic forecasts based on extensive satellite data[7] - Spire plans to launch an additional satellite with optical inter-satellite link technology by the end of 2025, enhancing data transmission capabilities[6] - The company continues to see demand for space reconnaissance insights, securing a contract for daily radio frequency collection and geolocation of signals[6] Stock and Share Information - Weighted-average shares used in computing basic and diluted net loss per share increased to 31,199,436 in Q2 2025 from 26,787,097 in Q1 2024[34] - The company reported a significant increase in stock-based compensation, totaling $3,887,000 in Q1 2024, up from $3,628,000 in Q1 2023[32]

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]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 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) Delaware 85-1276957 (State or other jurisdiction of i ...

Financial Data and Key Metrics Changes - GAAP revenue for Q3 2024 was $28.6 million, reflecting a 29% year-over-year growth, attributed to increased annual recurring revenue and growth in space services and R&D service contracts [44] - Operating loss for Q3 was negative $6.1 million, showing a 49% improvement year-over-year, with an operating margin of negative 21%, a 34-point improvement [46] - Adjusted EBITDA for Q3 was negative $3.1 million, reflecting a 66% year-over-year improvement [46] - Free cash flow was positive at $5.1 million for Q3, including $14 million of positive operating cash netted by approximately $8.9 million of CapEx [48] Business Line Data and Key Metrics Changes - The maritime business was sold for $241 million, valued at nearly six times its trailing twelve-month revenue, enhancing shareholder value and eliminating debt [10][11] - The company set a record for annual contract value bookings in Q3, with notable contracts from NASA and NOAA [13] Market Data and Key Metrics Changes - Severe weather events in the U.S. continued to drive demand, with 27 events in 2024 causing losses exceeding $1 billion each [14] - The space economy is projected to reach nearly $2 trillion by the mid-2030s, indicating significant growth potential for space-based solutions [21] Company Strategy and Development Direction - The company aims to tackle global security challenges and climate change with data and analytics from space, focusing on innovative data products and space services [8] - The transition to a new CEO, Theresa Condor, is expected to streamline operations and enhance financial responsibility [34][35] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complexities of the restatement process but expressed confidence in future growth opportunities, particularly in weather, RF geolocation, and space services [27][110] - The outlook for Q4 is less favorable due to increased expenses from the restatement and lower revenue from certain contracts, but management expects recovery in 2025 [50][66] Other Important Information - The restatement process incurred costs between $10 million and $15 million, with most costs recorded in Q4 2024 and Q1 2025 [7] - The company achieved positive free cash flow for the first time, a significant milestone [32] Q&A Session Summary Question: CapEx spend for 2025 - Expected CapEx for replacement satellites is projected to be $5 million to $7 million, similar to past years, with future satellites being more capable [55][56] Question: Q4 performance and bookings - Q4 is expected to be weaker due to delays from the restatement and transaction processes, but bookings remain strong [60][66] Question: Impact of presidential administration change - The new administration is expected to support privatization in space solutions, which could lead to increased demand for commercial space services [74][78] Question: Confidence in closing the maritime transaction - Confidence stems from a strong contract and effective partnership, with expectations to close the transaction in six to eight weeks [90][92] Question: Canadian wildfire contract details - The contract involves a phased approach with Aurora Tech as a subcontractor, and cash flow remains neutral during the build phase [115][120]

Financial Data and Key Metrics Changes - GAAP revenue for Q3 2024 was $28.6 million, reflecting a 29% year-over-year growth, attributed to increased annual recurring revenue and growth in space services and R&D service contracts [45][46] - Operating loss for Q3 was negative $6.1 million, showing a 49% improvement year-over-year, with an operating margin of negative 21%, a 34-point improvement [47] - Adjusted EBITDA for Q3 was negative $3.1 million, reflecting a 66% year-over-year improvement [48] - Free cash flow was positive at $5.1 million for Q3, including $14 million of positive operating cash netted by approximately $8.9 million of CapEx [49] Business Line Data and Key Metrics Changes - The maritime business was sold for $241 million, valued at nearly six times its trailing twelve-month revenue, enhancing shareholder value and eliminating debt [11][12] - The company set a record for annual contract value bookings in Q3, with notable contracts from NASA and NOAA [14] Market Data and Key Metrics Changes - Severe weather events in the U.S. continued to drive demand, with 27 events in 2024 causing losses exceeding $1 billion each [15] - The space economy is projected to reach nearly $2 trillion by the mid-2030s, indicating significant growth potential for space-based solutions [22] Company Strategy and Development Direction - The company aims to tackle global security challenges and climate change with data and analytics from space, focusing on solutions that address these issues [9][12] - The transition to a new CEO, Theresa Condor, is expected to streamline operations and enhance financial responsibility [35][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complexities of the restatement process but expressed confidence in future growth opportunities, particularly post-transaction [28][34] - The outlook for 2025 is promising, with plans to provide financial guidance alongside Q4 results [28] Other Important Information - The restatement process incurred costs between $10 million and $15 million, with most costs expected to be recorded in Q4 2024 and Q1 2025 [8] - The company achieved positive free cash flow for the first time, a significant milestone [33] Q&A Session Summary Question: CapEx spend for 2025 - Expected CapEx for replacement satellites is projected to be $5 million to $7 million, similar to past years [56][58] Question: Q4 performance and bookings - Q4 is expected to be weaker due to delays from the restatement and transaction processes, but bookings remain strong [62][66] Question: Impact of the new presidential administration - The administration's support for privatization of space solutions is expected to positively impact the commercial space industry [75][79] Question: Confidence in closing the maritime transaction - Confidence stems from a strong contract and experienced partners, with expectations to close the transaction in six to eight weeks [92][95] Question: Canadian wildfire contract details - The contract involves a two-phase program with Aurora Tech as a subcontractor, and cash flow remains neutral during the build phase [116][120]

Revenue and Financial Performance - Revenue for the three months ended September 30, 2024, was $28.6 million, representing a 29% increase from the same period in 2023[161]. - Revenue for the three months ended September 30, 2024, was $28.568 million, up from $22.126 million in 2023, representing a growth of 29%[195]. - Total revenue for the three months ended September 30, 2024, increased by $6.4 million, or 29%, compared to the same period in 2023, driven by increased ARR from existing customers and growth in revenue from Space Services Contracts and R&D Services Contracts[197]. - Revenue from subscription-based contracts was $20.2 million, or 71% of total revenue, for the three months ended September 30, 2024, down from $16.6 million, or 75%, for the same period in 2023[199]. Annual Recurring Revenue (ARR) and Customer Metrics - ARR increased to $103.9 million as of September 30, 2024, a 1% increase from $103.1 million as of September 30, 2023[172]. - The number of Annual Recurring Revenue (ARR) Solution Customers decreased to 606 as of September 30, 2024, down from 827 as of September 30, 2023[163]. - The company’s ARR Net Retention Rate was 90% for the three months ended September 30, 2024, compared to 86% for the same period in 2023[163]. - ARR Customers decreased by 29% to 565 as of September 30, 2024, from 794 as of September 30, 2023, aligning with the company's strategy to focus on high ARR customers[198]. - The ARR Net Retention Rate improved to 90% for the three months ended September 30, 2024, compared to 86% for the same period in 2023, due to the "land and expand" strategy[198]. Expenses and Cost Management - Cost of revenue for the three months ended September 30, 2024, was $15.843 million, compared to $12.640 million in 2023, an increase of 25%[195]. - Gross profit for the three months ended September 30, 2024, was $12.725 million, compared to $9.486 million in 2023, reflecting a growth of 34%[195]. - Research and development spending decreased by $2.3 million, or 29%, for the three months ended September 30, 2024, compared to the same period in 2023[166]. - Research and development expenses for the three months ended September 30, 2024, were $5.631 million, down from $7.931 million in 2023, a decrease of 29%[195]. - Sales and marketing expenses decreased by $1.3 million, or 19%, for the three months ended September 30, 2024, primarily due to lower bonus and commission expenses[214]. - General and administrative expenses increased by 10% to $12.3 million for the three months ended September 30, 2024, compared to $11.2 million for the same period in 2023[217]. - General and administrative expenses increased by $1.1 million, or 10%, for the three months ended September 30, 2024, primarily due to higher stock-based compensation expenses[218]. - For the nine months ended September 30, 2024, general and administrative expenses decreased by $1.6 million, or 5%, driven by lower bonus and insurance costs[220]. Net Loss and Financial Health - The net loss for the three months ended September 30, 2024, was $12.473 million, compared to a net loss of $23.337 million in 2023, indicating an improvement[195]. - For the nine months ended September 30, 2024, the net loss was $54.576 million compared to a net loss of $60.364 million for the same period in 2023, indicating an improvement of approximately 13%[248]. - Adjusted EBITDA for the three months ended September 30, 2024, was $(3.120) million, compared to $(9.200) million for the same period in 2023, reflecting a significant reduction in losses of approximately 66%[248]. - The company recognized a non-cash expense of $2.6 million for expected credit loss on notes receivable for the three months ended September 30, 2024, with no such reserve in the prior year[227]. Cash Flow and Financing Activities - Cash and cash equivalents totaled $29.1 million as of September 30, 2024, down from $40.9 million as of December 31, 2023, indicating a decrease of approximately 29%[253]. - The total cash and cash equivalents and marketable securities as of September 30, 2024, were $36.6 million, with $20.4 million held outside the United States[253]. - Net cash provided by operating activities was $0.7 million for the nine months ended September 30, 2024, compared to a net cash used of $39.5 million for the same period in 2023[283][284]. - Net cash used in investing activities was $16.7 million for the nine months ended September 30, 2024, driven by $30.2 million in short-term investments and $21.5 million in property and equipment purchases[286]. - Net cash provided by financing activities was $18.4 million for the nine months ended September 30, 2024, primarily from securities purchase agreements totaling $37.9 million[289]. Strategic Initiatives and Contracts - The company was awarded a one-year $3.8 million NOAA contract for satellite weather data in September 2024[161]. - The company launched seven LEMUR satellites on the SpaceX Transporter-11 mission[161]. - The company continues to focus on expanding into new industries and geographies, including energy, financial services, and Latin America[164]. - The company entered into a Share Purchase Agreement to sell its maritime business for an enterprise value of $233.5 million, subject to adjustments[152]. - The company entered into a Purchase Agreement with a Buyer for a maritime business sale at an enterprise value of $233.5 million, with a transition service agreement valued at $7.5 million[258]. - The Buyer has failed to consummate the closing despite all conditions being met, citing a review by the UK Competition and Markets Authority[259]. - The company filed a complaint seeking specific performance from the Buyer to fulfill its obligations under the Purchase Agreement[260]. Financial Covenants and Concerns - The company has failed to meet leverage ratio and minimum liquidity financial covenants under the Blue Torch Financing Agreement, raising concerns about its ability to continue as a going concern[257]. - The company intends to use proceeds from the Transactions to repay amounts owed under the Blue Torch Financing Agreement, but there is substantial doubt about its ability to continue as a going concern for at least 12 months[262]. - The Blue Torch Financing Agreement includes a term loan facility of up to $120.0 million, with a portion used to repay a previous $70.0 million credit facility[263]. - As of September 30, 2024, the company was in compliance with all financial covenants under the Blue Torch Financing Agreement[267]. - The company has entered into multiple amendments to the Blue Torch Financing Agreement, including waivers for events of default and adjustments to financial covenants[271][275]. Market and Economic Factors - Approximately 38% of revenues were generated in currencies other than the U.S. Dollar, which positively impacted revenue due to the U.S. Dollar's decrease in strength[169]. - The company reported a foreign exchange gain of $4.9 million for the three months ended September 30, 2024, compared to a loss of $1.8 million in the same period of 2023, a change of 366%[233]. - The company reported a foreign exchange loss of $4.872 million for the three months ended September 30, 2024, compared to a gain of $1.840 million for the same period in 2023[248]. - A hypothetical 100 basis points increase in the interest rate of the Blue Torch Credit Facility would impact annual results by approximately $1.1 million[300]. - The company is exposed to inflation risk, which could negatively impact operational and capital expenditures in the future[301].

Revenue Performance - Revenue for the three months ended June 30, 2024, was $25.4 million, a decrease of 9% from the same period in 2023[168]. - Total revenue for the three months ended June 30, 2024, decreased by $2.7 million, or 9%, compared to the same period in 2023, primarily due to a decline in Weather and Climate data subscription contracts[204]. - Total revenue for the six months ended June 30, 2024, increased by $8.9 million, or 17%, driven by increased ARR with existing customers and growth in Space Services Contracts revenue[207]. - Revenue from subscription arrangements constituted 78% of total revenue for the three months ended June 30, 2024, compared to 72% for the same period in 2023[206]. Annual Recurring Revenue (ARR) Metrics - The number of Annual Recurring Revenue (ARR) Solution Customers decreased to 702 as of June 30, 2024, from 813 as of June 30, 2023[172]. - The company's ARR as of June 30, 2024, was $111,893,000, a decrease of 1% from $112,818,000 in 2023[181]. - The number of ARR Customers decreased by 16% from 785 in 2023 to 663 in 2024, while ARR Solution Customers decreased by 14% from 813 to 702[184]. - The ARR Net Retention Rate was 85% for the three months ended June 30, 2024, compared to 112% for the same period in 2023[172]. - The ARR Net Retention Rate for the three months ended June 30, 2024, was 85%, down 27% from 112% in 2023, indicating a decline in customer contract value[186]. - The ARR Net Retention Rate for the six months ended June 30, 2024, was 93%, a decrease of 17% from 110% in 2023[186]. Cost and Expenses - Total cost of revenue for the three months ended June 30, 2024, decreased by $0.8 million, or 5%, while gross profit decreased by 15% to $10.9 million[209]. - Gross margin for the three months ended June 30, 2024, was 43%, down from 46% in the same period of 2023, primarily due to higher depreciation expenses[211]. - Research and development spending decreased by $0.1 million, or 2%, for the three months ended June 30, 2024, compared to the same period in 2023[176]. - Sales and marketing expenses decreased by $1.6 million, or 23%, for the three months ended June 30, 2024, compared to the same period in 2023, primarily due to reductions in bonuses, personnel costs, and marketing expenses[223]. - General and administrative expenses decreased by $0.7 million, or 7%, for the three months ended June 30, 2024, compared to the same period in 2023, mainly driven by lower bonus and insurance costs[227]. Financial Position and Cash Flow - As of June 30, 2024, the company had cash and cash equivalents and marketable securities totaling $45.8 million, an increase from $40.9 million as of December 31, 2023[258]. - The company reported net cash used in operating activities of $13.2 million, reflecting a net loss of $42.1 million and adjustments for non-cash items of $30.9 million[289]. - Net cash used in investing activities was $22.7 million for the six months ended June 30, 2024, driven by purchases of short-term investments of $30.1 million and property and equipment of $12.6 million[292]. - The company reported net cash provided by financing activities of $28.4 million for the six months ended June 30, 2024, primarily from proceeds of $37.9 million from securities purchase agreements[295]. Debt and Financing - The Blue Torch Financing Agreement provides for a term loan facility of up to $120.0 million, with a maturity date of June 13, 2026[268]. - As of June 30, 2024, the interest rate on the term loan was 13.6084%, based on the Term SOFR rate[270]. - The company has failed to meet leverage ratio and minimum liquidity covenants under the Blue Torch Financing Agreement, raising substantial doubt about its ability to continue as a going concern for at least 12 months[262][267]. - The company made a repayment of $10.0 million in principal to Blue Torch on April 8, 2024, plus an early termination fee of $0.2 million[280]. Losses and Adjusted EBITDA - The company reported a net loss of $16.6 million for the three months ended June 30, 2024, compared to a net loss of $18.4 million for the same period in 2023[254]. - Adjusted EBITDA for the six months ended June 30, 2024, was a loss of $2.4 million, compared to a loss of $13.2 million for the same period in 2023[254]. Market and Economic Conditions - The macroeconomic environment has led to longer sales cycles and additional customer discounts, impacting revenue from U.S. federal government orders[166]. - Approximately 33% of revenues were generated in currencies other than the U.S. Dollar, which had a marginal positive impact on revenue due to a modest decrease in the U.S. Dollar's strength[178]. - The company is exposed to inflation risk, particularly from increases in component parts, labor, and overhead expenses[306]. - Recent inflation increases have not significantly impacted the company's results of operations for the three and six months ended June 30, 2024 or 2023[306].

Group 1: Spire Global Overview - Spire Global, Inc. (SPIR) shares increased by 5.7% to close at $13.24, supported by high trading volume, contrasting with a 19.6% loss over the past four weeks [1] - The consensus EPS estimate for Spire remains unchanged, with expectations of a quarterly loss of $0.10 per share, reflecting an 80.4% year-over-year change, and revenues projected at $31.83 million, up 16.5% from the previous year [6][7] Group 2: Industry Context - Spire is part of the Zacks Aerospace - Defense industry, where Northrop Grumman (NOC) also operates, with NOC's stock rising 0.5% to $469.54 but showing a -5.9% return over the past month [4] - Spire Global has received an average rating of "Moderate Buy" from seven research firms, which has likely bolstered investor confidence and contributed to the recent increase in its share price [5]

Financial Position - Spire Global, Inc. reported cash and marketable securities balance as of September 30, 2024, with specific figures disclosed in the news release[5]. Company Classification - The company is classified as an emerging growth company, indicating it may benefit from certain regulatory exemptions[4]. Regulatory Compliance - The report was filed under the Securities Exchange Act of 1934, ensuring compliance with regulatory requirements[6]. Financial Disclosure - The financial results and operational updates were disclosed in a news release dated November 4, 2024[5]. - The CEO, Peter Platzer, signed the report, affirming the accuracy of the information presented[6].