Spire Global, on eve of merger and public listing, reports Q1 revenue up 140%, gross margin up 34%.

by Peter B. de Selding

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 . . .

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