Spire Global falls after weak second-quarter revenue forecast

Spire Global

15/05/2024 22:21

** Satellite operator Spire Global's  SPIR.N  shares fall
23.3% to $8.70 in aftermarket trading 
    ** Company forecasts Q2 revenue to be between $29 mln and
$33 mln vs analysts' average est of $36.1 mln - LSEG
    ** SPIR expects Q2 adj loss per share to be between 31 cents
and 15 cents vs est loss of 34 cents
    ** Company posts Q1 revenue of $25.7 mln, missing analysts'
est of $28 mln
    ** Stock up ~45% YTD, up to last close

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))