Spire Global (SPIR, Financial) has been granted a $1.2 million extension for two months by NASA to continue its involvement in the Commercial Satellite Data Acquisition Program. This extension follows a $6.7 million, 12-month task order originally awarded in August 2024. Spire's role involves supplying NASA with detailed Earth observation data, which includes GNSS radio occultation, GNSS Reflectometry, and space weather metrics.
Having been a part of NASA's CSDA Program since 2018, Spire is instrumental in providing data critical for U.S. government-backed research aimed at improving global weather forecasting, atmospheric analysis, and climate studies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Spire Global Inc (SPIR, Financial) is $15.60 with a high estimate of $17.00 and a low estimate of $13.00. The average target implies an upside of 38.79% from the current price of $11.24. More detailed estimate data can be found on the Spire Global Inc (SPIR) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Spire Global Inc's (SPIR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Spire Global Inc (SPIR, Financial) in one year is $7.04, suggesting a downside of 37.37% from the current price of $11.24. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Spire Global Inc (SPIR) Summary page.
SPIR Key Business Developments
Release Date: May 14, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Spire Global Inc (SPIR, Financial) secured its most significant contract to date, a $72 million Canadian dollar contract from the Canadian Space Agency for wildfire monitoring.
- The company eliminated its entire debt burden through the strategic sale of its maritime business, strengthening its balance sheet by over $100 million.
- Spire Global Inc (SPIR) is strategically positioned with expanding capabilities to build satellites in the United States, Canada, the United Kingdom, and Germany.
- The company expects to achieve break-even to positive operating cash flow in the second half of the year.
- Spire Global Inc (SPIR) has a promising path forward with NOAA's commitment to increase radio occultation profiles, potentially boosting revenue.
Negative Points
- Spire Global Inc (SPIR) reported a non-GAAP operating loss of negative $11.5 million for the first quarter of 2025, compared to negative $7.1 million in the first quarter of 2024.
- The company utilized $17.3 million of free cash flow in the first quarter of 2025, ending with $35.9 million of cash and cash equivalents.
- Revenue for the first quarter of 2025 was $23.9 million, reflecting a decrease from $34.8 million in the first quarter of 2024.
- Spire Global Inc (SPIR) is facing uncertainties with NOAA's ongoing organizational changes, which could impact future contracts.
- The company is undergoing internal restructuring, including headcount reductions and office closures, which may affect operations.
