Spire Global Inc Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Erik Peter Rasmussen - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Congrats on the results and execution in this tough environment. Maybe just going to guidance and your outlook for the year. You did maintain the ARR and held your net loss at $45 million, even as you lowered the revenue, I think, roughly by $6 million at the midpoint. You cited FX, but then you also talked about longer sales cycles and customers having issues, some customers having a longer time to get funding. If you sort of look at that $6 million, where does that fall within sort of the FX and those other areas? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. AUGUST 10, 2022 / 9:00PM, SPIR.N - Q2 2022 Spire Global Inc Earnings Call

Question: Erik Peter Rasmussen - Stifel, Nicolaus & Company, Incorporated, Research Division - Analyst : Right. And maybe what it seems with the FX, you're having a fair amount of exposure there. I think you cited 60 different countries. Do you have any hedging strategies to sort of maybe mitigate this risk?