Shares of Spire Global Inc. are trading higher in Monday’s after-hours market, following the release of some preliminary fourth-quarter and full-year financial results.
The company also gave some preliminary 2022 guidance.
After the bell, Spire Global said its expects fourth-quarter revenue of $15.3 million, 111% higher than the year-ago period. Full year 2021 revenue is expected to be $43.7 million, up 53% from the prior fiscal year, Spire said. It also said it expects full year 2022 revenue in a range of $85 million to $90 million.
At 6:37 p.m. ET, the company’s shares were trading 22.09% higher at $3 per share. The stock finished the day’s regular-trading session with an 8.26% gain, closing at $2.49 a share.
Spire Global said it provides space-based data, analytics and space-based data.