2024-03-20 08:30:47 ET
Summary
- Spire Global stock spiked by 30% on March 19, after news of a collaboration with NVIDIA, but there are not much details about the potential partnership yet.
- I like the P&L dynamics with above 50% revenue CAGR over the last five years and improving cash burn dynamics.
- However, I have big reservations about Spire Global's balance sheet, especially some terms and conditions related to the long-term debt.
- Despite a 20% undervaluation suggested by my analysis, I am not investing in SPIR stock due to my concerns regarding the company's balance sheet.
Investment thesis
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For further details see:
Spire Global Stock: Vast Potential And Vast Uncertainty