Spire Global Achieves Financial Milestone; Provides Update on Revenue Recognition Review and Restatement [Yahoo! Finance]
Spire Global, Inc. Class A (SPIR)
US:NASDAQ Investor Relations:
spireenergy.com/investors
Company Research
Source: Yahoo! Finance
bookings in the third quarter and provides an update on the ongoing review of its accounting practices. During the third quarter, the Company brought in $40.0 million of new contracts. This is the largest value of bookings the Company has received in a quarter. Spire entered the third quarter of 2024 with a cash and marketable securities balance of $45.8 million and ended the quarter with a balance of $36.6 million. During the quarter, Spire made a $10.0 million payment toward the outstanding principal balance of the term loans under the financing agreement with Blue Torch Finance LLC ("Blue Torch"). The Company has been making progress in its review of its accounting practices and procedures, which has focused on: revenue recognition related to certain Space Services contracts; the possible existence of embedded leases within certain Space Services contracts; and revenue recognition for certain research and development contracts. As previously disclosed, the Company det
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SPIR
News
- Spire Global Achieves Financial Milestone; Provides Update on Revenue Recognition Review and RestatementBusiness Wire
- Spire Global and OroraTech Awarded NASA Contract for Wildfire MonitoringBusiness Wire
- Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Spire Global, Inc.(SPIR) ShareholdersAccesswire
- SPIR Investors Have Opportunity to Lead Spire Global, Inc. Securities Fraud LawsuitPR Newswire
- Spire Global, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before October 21, 2024 to Discuss Your Rights – SPIRAccesswire
SPIR
Earnings
- 5/15/24 - Miss
SPIR
Sec Filings
- 10/22/24 - Form SC
- 10/22/24 - Form 4
- 10/3/24 - Form 4
- SPIR's page on the SEC website