By Elias Schisgall
Spire Global shares fell after the satellite-data and analytics firm widened its loss in the third quarter and cut its outlook for the full year, guiding for a double-digit revenue decline.
The stock was down 22% to $7.22 in Wednesday morning trading. Shares have fallen about 50% this year.
The company on Wednesday reported a loss of $19.7 million, or 61 cents a share, wider than its loss of $12.5 million, or 50 cents a share, a year earlier.
Revenue for the quarter fell to $12.7 million, down from $28.6 million a year earlier and short of August guidance that forecast revenue between $19.5 million and $21.5 million.
Spire said the revenue decline was attributable to its sale of its maritime business in April. Revenue came in below expectations because of revenue-recognition timing and uncertainty around one Earth-observation data contract, the Vienna, Va., company said.
On an adjusted basis, the company posted a loss of 40 cents a share.
For the full year, Spire now forecasts revenue between $70.5 million and $72.5 million, which would represent a year-over-year decline of between 34% and 36%. In August, the company had said it was anticipating revenue between $85 million and $95 million.
For the current fourth quarter, the company said it expects revenue between $14.8 million and $16.8 million, for a year-over-year decline of between 22% and 32%.
The company said it expects more than 30% revenue growth beginning in 2026, given the revenue declines in 2025, adding that it is looking to hit cash-flow breakeven by the fourth quarter of 2026.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
December 17, 2025 10:10 ET (15:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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