PARIS — Small satellite constellation operator Spire Global Inc. reported $9.7 million in revenue for the three months ending March 31, more than double the previous year’s result and in line with the high-growth profile it is presenting to future public investors.
Gross margin in the quarter was 66%, up from 34% a year earlier.
Spire, with firm ties in Europe and the United States, said Q1 2021 results showed $34.9 million in annual recurring revenue, meaning customers booking contracts that include binding commitments . . .
To view the entire article, become a subscriber!
