Spire misses Q3 EPS by $0.06, but beats on revenue

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Spire Global ($NYSE:SPIR) is a provider of satellite-based data and analytics solutions. The company’s Q3 Non-GAAP EPS of -$0.16 missed by $0.06, while revenue of $20.4M beat by $0.51M. Spire’s Q3 results were driven by strong growth in its core data and analytics business. Despite the strong growth in its core business, Spire was unable to meet analyst expectations for EPS in Q3.

The miss was primarily due to higher than expected costs associated with the launch of Spire’s new satellite constellation. Looking forward, Spire remains confident in its long-term growth prospects. The company is well-positioned to benefit from continued growth in the demand for satellite-based data and analytics solutions.

Stock Price

On Wednesday, shares of Spire Global Inc opened at $1.30 and closed at $1.20, down 4.6% from its previous close of $1.30. The stock was volatile throughout the day, but ultimately closed lower on the news that the company had missed its third quarter earnings per share by $0.06. The majority of news sentiment around the company has been negative since the earnings miss was announced. Some analysts have expressed concerns about the company’s long-term prospects, given the competitive nature of the data analytics and satellite communications industries.

However, others believe that Spire is well-positioned to weather any short-term challenges and emerge as a leader in the space. investors will be closely watching to see how Spire Global performs in the coming quarters.

VI Analysis

However, the company has some risks that investors should be aware of. The company has a VI Risk Rating of 3, which indicates that it is a medium risk investment in terms of financial and business aspects. The company has 3 risk warnings in its balance sheet, non financial, and financial journal. Overall, SPIRE GLOBAL is a company with strong long-term potential, but investors should be aware of the risks involved.

VI 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

If you’re looking to invest in a publicly traded company that’s involved in the space industry, Spire Global may be a good option for you. The company provides data and analytics solutions to help government and commercial customers better understand what’s happening in the world around them. However, it has already made a name for itself in the industry. Spire Global is headquartered in San Francisco, California.