Spire Global Cuts FY24 Revenue Outlook From $138M-$148M To $122M-$132M, Est $141.758M; Adj EPS From $(0.24) - $0.11 To $(1.11) - $(0.70), Est $(1.50)
Portfolio Pulse from Benzinga Newsdesk
Spire Global has revised its FY24 revenue outlook downwards from $138M-$148M to $122M-$132M, with an estimated $141.758M. The adjusted EPS has also been revised from $(0.24) - $0.11 to $(1.11) - $(0.70), with an estimated $(1.50).
May 15, 2024 | 10:11 pm
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NEGATIVE IMPACT
Spire Global has significantly lowered its FY24 revenue and adjusted EPS outlook, indicating potential financial challenges ahead.
The downward revision in both revenue and adjusted EPS suggests that Spire Global is facing financial difficulties, which is likely to negatively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100