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Theresa Condor, Chief Operating Officer at Spire Global, supports implementing a proactive satellite-based monitoring solution because ground and aircraft monitoring technologies are impractical at scale and advanced systems can increase coverage and enable faster activation of backup solutions.
Spire Global, Inc. was awarded a contract under the European Space Agency’s Navigation Innovation and Support Program (NAVISP) Element 2 funded by the UK Space Agency.
hiSky plans to demonstrate its technology over LEO with a payload called Ella1 to be hosted on Spire Global’s Lemur 3U satellite expected to launch late next year.
exactEarth is now a fully owned subsidiary of Spire and will continue to operate from Cambridge, Ontario, Canada under the leadership of Peter Mabson reporting directly to Peter Platzer.
Spire provided guidance in its 2021-07-01 earnings call of $48,600,000 to $52,000,000 in ARR for year-end 2021 and a range of 225 to 242 ARR solution customers, and that guidance did not factor in the acquisition of exactEarth.
Spire acquired all of the outstanding common shares of exactEarth through its wholly-owned indirect subsidiary Spire Global Canada Acquisition Corp. for CAD$2.5009 in cash and 0.1 share of Spire Class A common stock per exactEarth share.
The Arrangement between Spire and exactEarth was announced on 2021-09-14.
Spire plans to launch a SpaceChain payload on a new satellite equipped with Spire’s Sabertooth supercomputer.
Dirk Hoke will work with Spire’s management team to expand Spire’s reach across industry and geography and identify new use cases for Spire’s space-based data solutions.
Spire provided fiscal fourth quarter 2021 guidance of non-GAAP loss per share between negative $0.14 and $0.11 based on basic weighted average shares of approximately 133.7 million.
Spire provided fiscal year 2021 guidance of non-GAAP gross profit between $22,900,000 and $24,900,000.
Spire provided fiscal year 2021 guidance of EBITDA between negative $79,800,000 and negative $76,800,000.
Spire provided fiscal year 2021 guidance of non-GAAP operating loss between $48,500,000 and $44,400,000.
Spire provided fiscal fourth quarter 2021 guidance of Adjusted EBITDA between negative $13,300,000 and $10,300,000.
Spire successfully completed the first stage of testing for its optical inter-satellite link technology and plans to roll out the technology in 2022 and 2023.
Spire reported revenue of $9,600,000 for the three months ended 2021-09-30, a 33% increase from the three months ended 2020-09-30.
Spire serves over 200 ARR customers with its fully deployed constellation of LEMUR nanosatellites and 31 ground stations positioned around the globe.
Spire launched two LEMUR nanosatellites equipped with new optical inter-satellite link (ISL) capabilities.
Spire had 225 ARR Solution Customers under contract for the quarter ended 2021-09-30, a 69% increase year-over-year.
Spire provided fiscal fourth quarter 2021 guidance of non-GAAP operating loss between $15,900,000 and $11,800,000.