Spire Global, Inc. (NYSE:SPIR) Q2 2022 Earnings Conference Call August 10, 2022 5:00 PM ET

Company Participants

Ben Hackman - Head, IR

Peter Platzer - CEO, President and Director

Tom Krywe - CFO

Conference Call Participants

Erik Rasmussen - Stifel

Ric Prentiss - Raymond James

Jeff Meuler - Baird

Stefanos Crist - CJS Securities

Colin Canfield - Barclays

Operator

Greetings and welcome to the Spire Global Second Quarter 2022 Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to our host Ben Hackman, Head of IR. You may begin.

Ben Hackman

Thank you. Hello everyone and thanks for joining us for our second quarter 2022 earnings conference call. Our results, press release, and SEC filings can be found on our IR website at ir.spire.com. A replay of today's call will also be made available.

With me on the call today is Peter Platzer, CEO and Tom Krywe, CFO.

As a reminder, our commentary today will include non-GAAP items. Reconciliations between our GAAP and non-GAAP results, as well as our guidance can be found in our earnings press release. Some of our comments today may contain forward-looking statements that are subject to risks, uncertainties, and assumptions. In particular, our expectations around integration of our acquisition, results of operations and financial conditions are uncertain and subject to change.

Should any of these fail to materialize or should our assumptions prove to be incorrect, actual company results could differ materially from these forward-looking statements. A description of these risks, uncertainties, and assumptions, and other factors that could affect our financial results is included in our SEC filings.

With that, let me hand the call over to Peter.

Peter Platzer

Thank you, Ben. And thank you for joining us on the call today. Spire continued to drive the business forward in Q2. We again delivered results that were better than expected for revenue and for margin guidance. Complementing our relentless drive for profitability, we also successfully closed $120 million credit facility, further strengthening our balance sheet and allowing us to confidently execute on our four growth pillars as we continue on our path towards being free cash flow positive in 19 to 25 months.

While the macro environment has continued to deteriorate meaningfully throughout Q2 with mentions of inflation, recession, and war on a seemingly daily basis, Spire's business prospects and opportunity set continue to be strong.