On 9 March 2022, Spire Global Inc (SPIR) released the initial fiscal performance for Q4 and FY2021. The stock gained in the after-market after the release of fiscal performance. The stock of Spire Global Inc (SPIR) closed the recent trading session at $2.19, gaining 2.34% from the previous day’s trading session. On the last check, the stock gained 0.91% to $2.21 in the after-market. The company also presented the fiscal stance for FY2022.
Spire Global Inc is a space-to-cloud information and examination organization. The company works in the tracking of worldwide information fueled by a huge body of nanosatellites. SPIR has a market capitalization of $330.95 million and 151.12 million pending shares. The firm has its headquarter in Vienna, Virginia, United States of America (USA).
SPIR Financials for Q4
Spire Global released the initial fiscal performance for Q4, on 9 March 2022. The company had total sales of $14.9 million in Q4 of FY2021 versus $7.2 million in the same year-ago period. This marks a growth of 106.2%.
Also, SPIR’s profit expanded by 80.1% in Q4 of FY2021 to $8.6 million against $4.8 million in the corresponding period of last year.
Further, Spire Global had a total income of $59.9 million compared to the total loss of $10.1 million in Q4 of FY2020.
Moreover, the company had an EPS of $0.38 in Q4 of FY21 versus the loss of $0.58 per stock in Q4 of FY20.
SPIR Financials for FY2021
Spire Global also released the initial fiscal performance for FY2021. The company had total sales of $43.3 million in FY2021 versus $284 million in FY2020. This marks a growth of 52.2% in sales.
Further, SPIR’s profit expanded by 35.4% in FY2021 to $24.6 million against $18.2 million in the last year.
Moreover, Spire Global had a total loss of $19.3 million in FY21 compared to the total loss of $32.5 million in FY20. The total loss was reduced by 40.5%.
Also, the company had a loss of $0.31 per stock in FY21 versus the loss of $1.85 per stock in FY20.
Fiscal guidance for FY22
SPIR estimates the total sales to be in the range of $16.5 million and $17.5 million in Q1 of FY22. Also, the firm expects the total sales for FY2022 to be between $85 million and $90 million.
