Adjusted EBITDA loss for Q2 narrowed 16% yr/yr, driven by lower operating expenses
Company reaffirmed full-year revenue guidance and announced new strategic partnerships
Result drivers
Maritime divestiture - Revenue declined 6% yr/yr, mainly due to the sale of the maritime business at the end of April 2025
Space services and RFGL growth - Excluding maritime, revenue rose 16% yr/yr, driven by higher delivery of space services data and increased radio-frequency geolocation data purchases
Gross margin decline - Gross margin fell due to impacts from the cancellation of the WildFireSat contract
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the wireless telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Spire Global, Inc. is $22.25, about 50.1% above its August 11 closing price of $14.82
SPIR•
