Spire Global Q1 2024 Adj EPS $(0.53) Beats $(0.68) Estimate, Sales $25.688M Miss $27.959M Estimate
Portfolio Pulse from Benzinga Newsdesk
Spire Global (NYSE:SPIR) reported Q1 2024 adjusted EPS of $(0.53), beating the $(0.68) estimate, but missed sales estimates with $25.688M against $27.959M. EPS improved by 32.05% YoY, while sales increased by 6.29% YoY.
May 15, 2024 | 8:29 pm
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NEUTRAL IMPACT
Spire Global's Q1 2024 adjusted EPS of $(0.53) beat estimates by 22.06%, showing a significant improvement from last year. However, sales of $25.688M missed estimates by 8.12%, despite a 6.29% YoY increase.
The positive EPS surprise indicates better-than-expected cost management or operational efficiency, which is a positive sign. However, the sales miss suggests potential challenges in revenue generation. The mixed results are likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100