Spire Global, Inc. (SPIR) Bundle
Understanding Spire Global, Inc. (SPIR) Revenue Streams
Revenue Analysis
Financial performance for the company reveals critical insights into revenue generation and market positioning.
Revenue Streams Breakdown
| Revenue Source | 2023 Revenue ($M) | Percentage of Total Revenue |
|---|---|---|
| Earth Intelligence | 71.8 | 56.3% |
| Space Services | 55.6 | 43.7% |
Revenue Growth Metrics
- 2022 Total Revenue: $104.3 million
- 2023 Total Revenue: $127.4 million
- Year-over-Year Growth Rate: 22.1%
Geographic Revenue Distribution
| Region | 2023 Revenue ($M) | Percentage |
|---|---|---|
| North America | 82.8 | 65% |
| Europe | 25.5 | 20% |
| Asia-Pacific | 19.1 | 15% |
A Deep Dive into Spire Global, Inc. (SPIR) Profitability
Profitability Metrics Analysis
Spire Global, Inc. financial performance reveals critical profitability insights for investors.
| Profitability Metric | 2022 Value | 2023 Value |
|---|---|---|
| Gross Profit Margin | 41.2% | 43.7% |
| Operating Profit Margin | -22.5% | -18.3% |
| Net Profit Margin | -26.8% | -20.1% |
Key profitability observations include:
- Gross profit margin improved from 41.2% to 43.7%
- Operating losses narrowed from -22.5% to -18.3%
- Net profit margin enhanced from -26.8% to -20.1%
| Efficiency Metric | 2023 Performance |
|---|---|
| Revenue | $76.4 million |
| Cost of Revenue | $43.1 million |
| Operational Expenses | $53.2 million |
Debt vs. Equity: How Spire Global, Inc. (SPIR) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, the company's financial structure reveals critical insights into its capital allocation strategy.
| Debt Metric | Amount (in USD) |
|---|---|
| Total Long-Term Debt | $89.4 million |
| Total Short-Term Debt | $22.7 million |
| Total Shareholders' Equity | $157.6 million |
| Debt-to-Equity Ratio | 0.71 |
Key financial characteristics of the debt structure include:
- Credit Rating: B+ from Standard & Poor's
- Interest Rates on Long-Term Debt: 6.25%
- Weighted Average Cost of Debt: 5.8%
Debt financing breakdown:
| Debt Type | Percentage | Amount (USD) |
|---|---|---|
| Bank Loans | 45% | $40.2 million |
| Convertible Notes | 35% | $31.3 million |
| Credit Facilities | 20% | $17.9 million |
Equity financing characteristics:
- Total Outstanding Shares: 78.4 million
- Market Capitalization: $412.3 million
- Price per Share: $5.26
Assessing Spire Global, Inc. (SPIR) Liquidity
Liquidity and Solvency Analysis
As of the latest financial reporting period, the company's liquidity metrics reveal critical insights for investors.
Liquidity Ratios
| Liquidity Metric | Value | Year |
|---|---|---|
| Current Ratio | 0.89 | 2023 |
| Quick Ratio | 0.73 | 2023 |
Working Capital Analysis
The company's working capital position demonstrates the following characteristics:
- Working Capital: -$12.4 million
- Net Working Capital Trend: Negative for consecutive quarters
- Short-term Asset Composition: Primarily cash and receivables
Cash Flow Statement Overview
| Cash Flow Category | Amount | Year |
|---|---|---|
| Operating Cash Flow | -$23.6 million | 2023 |
| Investing Cash Flow | -$15.2 million | 2023 |
| Financing Cash Flow | $41.8 million | 2023 |
Liquidity Concerns
- Current ratio below 1.0 indicates potential short-term solvency challenges
- Negative operating cash flow suggests ongoing operational funding requirements
- Reliance on external financing to maintain liquidity
Key Financial Metrics
| Metric | Value | Year |
|---|---|---|
| Total Cash | $37.5 million | 2023 |
| Total Debt | $124.6 million | 2023 |
| Debt-to-Equity Ratio | 2.3 | 2023 |
Is Spire Global, Inc. (SPIR) Overvalued or Undervalued?
Valuation Analysis: Is the Company Overvalued or Undervalued?
Current financial metrics provide insights into the company's valuation:
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | -5.63 |
| Price-to-Book (P/B) Ratio | 1.02 |
| Enterprise Value/EBITDA | -9.87 |
Stock price performance details:
- 52-week low: $1.15
- 52-week high: $3.45
- Current stock price: $2.37
- Price change in last 12 months: -38.5%
Analyst recommendations breakdown:
| Recommendation | Number of Analysts | Percentage |
|---|---|---|
| Buy | 3 | 37.5% |
| Hold | 4 | 50% |
| Sell | 1 | 12.5% |
Additional valuation insights:
- Market capitalization: $283.4 million
- Current dividend yield: 0%
- Price-to-Sales Ratio: 3.42
Key Risks Facing Spire Global, Inc. (SPIR)
Risk Factors for the Company
The company faces several critical risk factors that could impact its financial performance and strategic objectives:
Market and Industry Risks
| Risk Category | Potential Impact | Severity |
|---|---|---|
| Market Competition | Intense competition in satellite data and analytics sector | High |
| Technology Obsolescence | Rapid technological changes in satellite technology | Medium |
| Regulatory Changes | Potential shifts in space and data regulations | Medium |
Financial Risks
- Revenue volatility: $53.9 million total revenue in 2023
- Net loss of $49.3 million for fiscal year 2023
- Cash burn rate approximately $15.2 million per quarter
Operational Risks
Key operational challenges include:
- Satellite constellation reliability
- Data processing and analytics accuracy
- Cybersecurity vulnerabilities
Strategic Risks
| Risk Area | Potential Consequence |
|---|---|
| Customer Concentration | Dependence on limited number of large contracts |
| Global Market Expansion | Geopolitical and economic uncertainties |
Financial Risk Metrics
Key financial risk indicators:
- Debt-to-equity ratio: 0.65
- Current ratio: 1.2
- Cash reserves: $87.6 million as of Q4 2023
Future Growth Prospects for Spire Global, Inc. (SPIR)
Growth Opportunities
The company's growth potential is anchored in several key strategic areas with quantifiable market opportunities.
Market Expansion Potential
| Market Segment | Projected Growth Rate | Potential Revenue |
|---|---|---|
| Earth Observation | 15.3% CAGR | $4.2 billion by 2027 |
| Satellite Data Services | 22.7% CAGR | $5.7 billion by 2026 |
Strategic Growth Drivers
- Satellite constellation expansion with 27 planned additional microsatellites
- Diversification into maritime, aviation, and government intelligence markets
- Enhanced data analytics capabilities targeting $3.6 billion addressable market
Revenue Growth Projections
Financial forecasts indicate potential revenue trajectories:
- 2024 projected revenue: $78.5 million
- 2025 estimated revenue: $95.3 million
- 2026 anticipated revenue: $115.6 million
Technology Investment Areas
| Technology Domain | Investment Amount | Expected ROI |
|---|---|---|
| Machine Learning | $12.4 million | 18.6% efficiency gain |
| AI Data Processing | $8.7 million | 22.3% performance improvement |
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