Spire Historical Income Statement
SPIR Stock | USD 16.34 0.17 1.05% |
Historical analysis of Spire Global income statement accounts such as Total Revenue of 60.8 M, Gross Profit of 32.9 M, Other Operating Expenses of 112.4 M or Research Development of 31.1 M can show how well Spire Global performed in making a profits. Evaluating Spire Global income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Spire Global's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Spire Global latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Spire Global is a good buy for the upcoming year.
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About Spire Income Statement Analysis
Spire Global Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Spire Global shareholders. The income statement also shows Spire investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Spire Global Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts Spire Global generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Spire Global minus its cost of goods sold. It is profit before Spire Global operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Spire Global's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Spire Global current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Spire Stock, please use our How to Invest in Spire Global guide.As of 12/02/2024, Interest Income is likely to grow to about 2.4 M, while Depreciation And Amortization is likely to drop slightly above 14.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 24.7M | 39.9M | 63.3M | 32.9M | Total Revenue | 43.4M | 80.3M | 105.7M | 60.8M |
Spire Global income statement Correlations
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Spire Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Spire Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spire Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spire Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Spire Stock
Moving against Spire Stock
0.82 | MMS | Maximus | PairCorr |
0.69 | MG | Mistras Group | PairCorr |
0.69 | BCO | Brinks Company | PairCorr |
0.68 | VCIG | VCI Global Limited Trending | PairCorr |
0.67 | FC | Franklin Covey | PairCorr |
The ability to find closely correlated positions to Spire Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spire Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spire Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spire Global to buy it.
The correlation of Spire Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spire Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spire Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Spire Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Spire Stock Analysis
When running Spire Global's price analysis, check to measure Spire Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spire Global is operating at the current time. Most of Spire Global's value examination focuses on studying past and present price action to predict the probability of Spire Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spire Global's price. Additionally, you may evaluate how the addition of Spire Global to your portfolios can decrease your overall portfolio volatility.