2023-05-10 17:07:12 ET
- Spire press release ( NYSE: SPIR ): Q1 Non-GAAP EPS of -$0.10 beats by $0.01 .
- Revenue of $24.2M (+33.9% Y/Y) beats by $1.51M .
- Increased GAAP gross margins to 57%; 11 pt YOY improvement.
- Narrowed GAAP operating loss to ($14.5M); 28% YOY improvement.
- Lowered Non-GAAP operating loss to ($9.8M); 24% YOY improvement.
- Maintaining full year guidance and timeline to positive free cash flow.
- FY23 : Revenue of $104.0M - $109.0M; Non-GAAP Loss Per Share of -$0.36 - -$0.33; Adjusted EBITDA of -$19.0M- -$14.0M; ARR of $129.0M - $135.0M.
- Q2 2023 : Revenue of $24.0M - $25.0M; Non-GAAP Loss Per Share of -$0.10 - -$0.09 ; Adjusted EBITDA of -$6.4 M - -$5.4 M; ARR of $112.5M - $113.5M.
For further details see:
Spire beats Q1 top and bottom line estimates; initiates Q2 and reaffirms FY23 outlook