Financial insights of SPIR

MyFinsight

For the quarter ending 2025-09-30, SPIR made $12,670K in revenue. -$19,676K in net income. Net profit margin of -155.30%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Revenue	12,670	19,182	23,876	21,659
Cost of revenue	8,027	9,806	15,092	14,633
Gross profit	4,643	9,376	8,784	7,026
Research and development	9,116	10,195	8,509	10,003
Sales and marketing	2,816	4,412	4,735	6,279
General and administrative	13,762	17,186	15,810	17,588
Loss on decommissioned satellites	0	1,110	5,160	2,494
Allowance for current expected credit loss on notes receivable	0	0	-	472
Total operating expenses	25,694	32,903	34,214	37,701
Loss from operations	-21,051	-23,527	-25,430	-30,675
Interest income	1,015	646	20	115
Interest expense	2	1,686	5,730	5,704
Gain on sale of a business	0	154,305	-	-
Loss on extinguishment of debt	0	-12,008	-	-
Change in fair value of contingent earnout liability	617	-227	1,038	-
Change in fair value of warrant liabilities	-51	2,790	-5,837	4,145
Issuance of stock warrants	0	0	-	0
Foreign exchange (loss) gain	-17	6,965	3,826	-6,887
Change in fair value of contingent earnout liability	-	-	-	-309
Other expense, net	-291	-287	-224	-371
Total other income (expense), net	1,373	144,918	4,767	-17,510
(loss) income before income taxes	-19,678	121,391	-20,663	-48,185
Income tax (benefit) provision	-2	1,801	-6	57
Net (loss) income	-19,676	119,590	-20,657	-48,242

Earnings per share, basic, total	-0.61	3.8	-0.77	-1.91
Earnings per share, diluted, total	-0.61	3.72	-0.77	-1.91
Weighted average number of shares outstanding, basic	32,501,417	31,398,176	26,787,097	-47,062,344
Weighted average number of shares outstanding, diluted, total	32,501,417	32,093,646	26,787,097	-47,062,344