Satellite operator Spire Global slides after Q1 revenue misses estimates

Spire Global

16/05/2024 13:06

** Shares of satellite operator Spire Global  SPIR.N  slump
~21% to $8.99 premarket
    ** SPIR in after-market hours on Wednesday reported Q1
revenue of $25.7 mln, missing analysts' est. of $28 mln - LSEG
    ** Co reported adjusted loss per share of 53 cents vs loss
of 78 cents per share a year ago
    ** YTD, stock up ~45%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))