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VIENNA, Va. - Spire Global, Inc. (NYSE:SPIR), a $353 million market cap space-based data provider, announced Thursday an expansion of its Space Reconnaissance portfolio with enhanced radio frequency (RF) geospatial intelligence capabilities designed to provide persistent monitoring and real-time geolocation services. According to InvestingPro data, the stock has shown strong returns over the past three months despite significant volatility.
The expanded offering aims to support government agencies, security and defense sectors, and integrators worldwide with RF intelligence tools for missions including emergency beacon detection and GNSS interference tracking. Operating with revenues of $99.5 million in the last twelve months, the company maintains a moderate debt level while facing some liquidity challenges.
Spire’s solution processes signal data through its detection and geolocation engine, delivering RF insights via secure, cloud-based infrastructure. The company noted that for customers requiring complete control over mission infrastructure and data, the solution supports sovereign-ready deployments.
The expanded capabilities allow customers to detect unauthorized radio signals across land, sea, and air; collect and process unencrypted voice transmissions using AI for transcription and translation; trigger third-party satellite imagery to validate signal activity; and track emitters over time.
"Today’s security environment demands faster, smarter insights and that starts with knowing what’s happening on the ground in near real time," said Iain Goodridge, senior director of radio frequency geolocation products at Spire, according to the press release.
In June 2024, the U.S. Air Force Research Laboratory awarded Spire a $14 million contract to develop and deploy satellites designed to detect and track moving objects on Earth. The company plans to launch additional detection clusters no earlier than late 2025 through 2026 to increase coverage across priority regions. With its next earnings report due on August 6, InvestingPro subscribers can access comprehensive analysis and 14 additional ProTips to better understand the company’s growth trajectory and financial health.
Spire’s satellites currently collect signals across the VHF, UHF, and L bands. The company operates offices across the U.S., Canada, UK, Luxembourg, Germany and Singapore. For detailed insights into Spire’s financial performance and growth potential, investors can access the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Spire Global announced that its auditor, PricewaterhouseCoopers, will resign after filing the company’s 10-Q for the period ending June 30, 2025. The company is actively searching for a new auditor and clarified that no adverse opinions or modifications have affected any previously filed financial statements. Additionally, Spire Global secured a $1.2 million contract extension from NASA to continue providing Earth observation data, following a prior $6.7 million award. The company also launched a new platform called Aircraft Exposure Analytics, which assesses aircraft-level exposure to hazardous weather conditions using flight data and weather alerts.
On the financial front, Stifel analysts reiterated their Buy rating on Spire Global stock, despite lowering the price target from $18.00 to $17.00. This adjustment comes after Spire Global’s first-quarter results, which exceeded expectations in revenue and adjusted EBITDA. The company has completed the sale of its Maritime division, strengthening its balance sheet with $136 million in cash and no debt. Spire Global anticipates ending the year with around $100 million in cash and expects revenue acceleration in the latter half of the year, aiming for breakeven or positive operating cash flow.
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