This growth showcases the potential business opportunities in the large untapped markets that remain in front of us. We added 48 net new ARR solution customers in the first quarter, which is yet another proof point, demonstrating how we are solving critical and challenging use cases for global, commercial and government customers. Even in challenging business environment, the margin progression we are seeing is a direct result of the cost structure we put in place, prudently sharing infrastructure and resources across our four solutions.ĭemand for our solutions remained strong across a wide and varied customer base. We see broad-based demand for our solutions, which is reflected in our ARR, which has now increased to over $100 million. In spite of the continuing macro headwinds, our diverse solutions are resonating with customers. Additionally, margins took another step forward, as we continue on our journey to profitability.
Spire added another quarter to our unbroken record of quarter-over-quarter revenue growth since becoming public. The first quarter was yet another quarter of growth and progress towards profitability. With that, let me hand the call over to Peter. A description of these risks, uncertainties, and assumptions, and other factors that could affect our financial results is included in our SEC filings. Should any of these expectations fail to materialize or should our assumptions prove to be incorrect, actual company results could differ materially from these forward-looking statements. In particular, our expectations around our results of operations and financial conditions are uncertain and subject to change. Some of our comments today may contain forward-looking statements that are subject to risks, uncertainties, and assumptions. Reconciliations between our GAAP and non-GAAP results, as well as our guidance can be found in our earnings press release. With me on the call today is Peter Platzer, CEO and Tom Krywe, CFO.Īs a reminder, our commentary today will include non-GAAP items. A replay of today’s call will also be made available. Our earnings press release and SEC filings can be found on our IR website at ir. Hello everyone and thank you for joining us for our first quarter 2023 earnings conference call. I will now turn the conference over to your host, Ben Hackman, Head of Investor Relations. Please note this conference is being recorded. A question-and-answer session will follow the formal presentation. At this time, all participants are in a listen-only mode. Welcome to the Spire Global First Quarter 2023 Call. ( NYSE: SPIR) Q1 2023 Results Conference Call 5:00 PM ET
0 kommentar(er)
