The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Brian Kinstlinger - AGP / Alliance Global Partners Corp - Analyst
: Great, thanks so much for taking my questions. You launched 27 new satellites in the first half. I believe that was the number. Is there a way to
quantify what the annual run rate of revenue is from the data services that will be delivered on those 27 satellites?
Alison Engel - Spire Global Inc - Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer
Yes, there is a way not. Yes, exactly. I think, look, I would say, and I think I've said this before, like Ben and I are spending a lot of time post Maritime
thinking about how to reposition how we talk about revenue. We're not there yet, but that is something that we're working on for 2026. I think the
main thing to know is that it's the space services revenue is growing. It's increasing.
The new deal continues to add to the remaining performance obligation that we can recognize over time. So that's all positive. But I think this is
to come in terms of a little bit more detail on those numbers.
Question: Brian Kinstlinger - AGP / Alliance Global Partners Corp - Analyst
: Could you answer my next question without even have to ask a good job. The -- I'm curious for the eight-figure contract you highlighted this was
already a customer. Can you share because we don't know who that customer is, what that rough revenue run rate of that customer is before this
contract? Just trying to gauge that were very big, very small and -- so anything you can share?
Question: Brian Kinstlinger - AGP / Alliance Global Partners Corp - Analyst
: Okay. Last question I have. I was One of the questions was about cash. I think I heard you have about $100 million -- just below $118 million of cash
and you expect to end the year at $100 million. Does that approximate your EBITDA loss in the second half of the year? Otherwise, what does that
$18 million earned come from?
Alison Engel - Spire Global Inc - Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer
Hang on, I'm just I'm thinking through that. I mean I think, look, I think that there are -- I'm just trying to think through how I want to answer this.
There are some pressures on cash that may or may not be reflected in adjusted EBITDA. So there are certain items that we adjust out that are cash
flow uses of cash. So I'm not sure that it's the best estimate because we do have things that we are adjusting out. So I just want to make sure I clarify
that
Question: Chris Quilty - Quilty Analytics LLC - Analyst
: Thanks. Theresa, you mentioned you're seeing more inbound interest than you've seen in a long time. Is that specific to the space services side of
the business? Or is it the new RF mapping service or is it just broad-based?
Question: Chris Quilty - Quilty Analytics LLC - Analyst
: Got you. And on that service, that's something you've sort of developed and launched was their customer pull for that? And do you have specific
customers you're targeting for that service?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
AUGUST 13, 2025 / 9:00PM, SPIR.N - Q2 2025 Spire Global Inc Earnings Call
Question: Chris Quilty - Quilty Analytics LLC - Analyst
: Understand. And how would that service differentiate from what the Hawkeye 360, Unseen Labs her space are doing?
Question: Chris Quilty - Quilty Analytics LLC - Analyst
: Got you. A follow-up on the Canadian Space Agency, the WildFire sat program. Does that one follow the same sort of 12 to 18 month build cycle
Or I think you're doing an AIT facility up in Montreal. Does this one have a much longer lead to get to the service revenue.
Question: Chris Quilty - Quilty Analytics LLC - Analyst
: Got you. And a question on the sounder program. What size satellite will you use to host that sounder? Is that standard 3U, 6U, 12U.
Question: Chris Quilty - Quilty Analytics LLC - Analyst
: Got you. Very good, appreciate the feedback.
| 
