Spire Global: We’ll reach positive free cash flow by mid-2024; H1 revenue up 35%; reverse stock split planned

by Peter B. de Selding

TUPPER LAKE, NY — Multi-sensor satellite-fleet operator Spire Global is sticking with earlier forecasts that it will report positive free cash flow by mid-2024 and positive adjusted EBITDA early next year.

To bolster its appeal to investors and maintain its listing on the New York Stock Exchange, Spire plans a reverse stock split in the coming weeks, consolidating its publicly traded stock into a smaller number of shares to bring per-share value well above the $1 minimum.

In an Aug. 9 investor . . .

To view the entire article, become a subscriber!

You may also like