Spire Global Stock Gains On Solid Preliminary Q4 Results, Upbeat FY22 Guidance

Spire Global Inc SPIR reports select preliminary unaudited financial results for Q4 and FY21.
The company expects 4Q21 revenue of $15.3 million (consensus $12.9 million), an increase of 111% Y/Y, and FY21 revenue of $43.7 million (consensus $40.97 million), an increase of 53% Y/Y.
Excluding revenue recognized from exactEarth, revenue would increase 86% Y/Y for Q4 and +47% Y/Y for FY21.
As of December 31, 2021, annual recurring revenue (ARR) is expected to be ~$70.8 million, up ~96% Y/Y.
Excluding the $18.5 million of ARR contributed by the acquisition of exactEarth, Spire’s ARR was $52.3 million, an increase of 44% Y/Y and +16% sequentially.
2021 ARR Net Retention Rate is ~104%, in-line with previously issued guidance.
Preliminary FY22 Guidance: Spire expects revenue of $85 million - $90 million (consensus $72.27 million), and ARR as of December 31, 2022, of $100 million - $105 million.
Price Action: SPIR shares traded higher by 13.7% at $2.83 during the premarket session on Tuesday.

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