Spire Global Secures Multi-Million Euro Contract for Satellite Weather Data
December 15, 2023
☀️Trending News
Spire Global ($NYSE:SPIR), a San Francisco-based satellite data company, recently announced that it has secured a multi-million Euro contract for satellite weather data. This major win is the largest single contract in Spire Global’s history, and is a testament to the company’s cutting-edge technology and expertise. The company owns and operates a constellation of cubesats, which collect information on a variety of topics, including maritime intelligence, weather tracking, air traffic control, and more.
With the data collected from its satellites, Spire Global provides customers with insights into previously unknown aspects of their operations. This information helps customers reduce costs, increase efficiency, and mitigate risk.
Market Price
The news caused its stock to rise by 5.3%, opening at $6.7 and closing at $7.2 from the prior closing price of $6.8. This increase demonstrated investors’ strong confidence in SPIRE GLOBAL‘s efforts to provide high-quality and reliable satellite weather data to its customers. With the momentum of this new contract, SPIRE GLOBAL is positioned to continue making advancements in the satellite weather data sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Spire Global. More…
| Total Revenues | Net Income | Net Margin |
| 100.36 | -69.28 | -71.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Spire Global. More…
| Operations | Investing | Financing |
| -32.84 | -23.43 | 29.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Spire Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 256.01 | 178.52 | 3.72 |
Key Ratios Snapshot
Some of the financial key ratios for Spire Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -50.4% |
| FCF Margin | ROE | ROA |
| -59.3% | -37.0% | -12.3% |
Analysis
At GoodWhale, we performed an analysis to evaluate the wellbeing of SPIRE GLOBAL. Through our Star Chart, we concluded that SPIRE GLOBAL is classified as a ‘Cheetah’ type of company, indicating that it has experienced high revenue or earnings growth but is considered less stable due to lower profitability. This makes SPIRE GLOBAL an attractive company for investors looking for growth opportunities, as well as those who are more risk-tolerant. Our analysis further revealed that SPIRE GLOBAL has an intermediate health score of 4/10 with regard to its cashflows and debt, suggesting that it is likely to safely ride out any crisis without the risk of bankruptcy. Overall, SPIRE GLOBAL is strong in growth and weak in asset, dividend, and profitability. This type of company may be attractive to investors who are comfortable with taking on a bit higher risk in order to gain higher returns in the long run. More…
Peers
The company’s competitors include Anacomp Inc, NorCom Information Technology GmbH & Co KGaA, and Efficient E-Solutions Bhd.
– Anacomp Inc ($OTCPK:ANMP)
Anacomp Inc has a market cap of 3.74M as of 2022, a Return on Equity of 55.96%. The company provides information technology solutions and services. It offers data storage, data security, and cloud solutions. The company also provides software development, systems integration, and application management services.
– NorCom Information Technology GmbH & Co KGaA ($LTS:0QY2)
NorCom Information Technology GmbH & Co KGaA is a Germany-based company that provides IT services. It has a market cap of 11.97M as of 2022 and a Return on Equity of -5.52%. The company offers a range of services, including consulting, software development, and infrastructure services.
– Efficient E-Solutions Bhd ($KLSE:0064)
Efficient E-Solutions Bhd is a Malaysian company that focuses on providing e-commerce solutions. As of 2022, its market cap is 131.19M and its ROE is -1.3%. The company has been facing some difficulties lately, which is reflected in its ROE. However, it is still a major player in the e-commerce solutions industry in Malaysia.
Summary
Spire Global, a satellite-powered data and analytics company, recently secured a multi-million Euro contract for satellite weather data. This news has sparked investor interest and immediately caused the stock price to go up as a result of the contract win. Analysts are now speculating on the potential earnings that this new contract may bring in, which could have a significant impact on Spire Global’s future prospects. Investors should watch for any updates on potential earnings and further developments in the company’s international contracts, as these will be key indicators of their potential for long-term growth and profitability.
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