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Spire Global shared its Q3 results, showing a 77% jump in revenue to about $18 million.

ResultsRead the original at Benzinga
Good for SPIR

Spire Global won about $75 million in weather-data awards, adding sales visibility, and its cash use fell. The high end of Q4 sales depends on another deal, but the awards and lower cash use support the stronger reading.

SPIR · Spire Global

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The AI's read

Multi-year contracts give Spire a stronger base of sales, and lower cash use leaves more cash available to run the business. Spire expects 2027 revenue of $96 million to $106 million, with 78% of the midpoint already under contract. The high end of Q4's $23 million to $28 million range depends on another deal, but the awarded contracts and cash improvement support the stronger reading.

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