Spire Global, Inc.

and welcome to the SPIRE Global Fourth Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note that this conference is being recorded. I will now turn the conference over to our host, Hilary Yaffe, Head of Communications. Thank you. You may begin.

Thank you. Hello, everyone, and thanks for joining us for our fourth quarter fiscal 2021 earnings conference call. Our press release and SEC filings can be found on our IR website at ir.spire.com. A replay of today's call will also be made available. With me on the call today is Peter Platzer, CEO, and Tom Crywee, CFO. As a reminder, our commentary today will include non-GAAP items. Reconciliations between our GAAP and non-GAAP results as well as our guidance can be found in our earnings press release. Some of our comments today may contain forward-looking statements that are subject to risks, uncertainties, and assumptions. In particular, our expectations around integration of our acquisition, results of operations, and financial conditions are uncertain and subject to change. Should any of these fail to materialize, or should our assumptions prove to be incorrect, actual company results could differ materially from these forward-looking statements. A description of these risks, uncertainties, and assumptions, and other factors that could affect our financial results is included in our SEC filings. With that, let me hand the call over to Peter.

Thank you, Hilary. Good afternoon, and thank you for joining us. As we review our 2021 results today, and discuss Spire's outlook for 2022 and beyond, I want to convey how pleased I am with the exceptional momentum in the business and the rapidly expanding set of revenue opportunities in front of us. We sit in an enviable position among public space companies. We have a fully operational, diversified, revenue-generating business that serves nearly 600 ARR solution customers. During 2021, we delivered strong growth in revenue, strong growth in ARR, and strong growth in our customer count. For 2021, we had $43.4 million in revenue, and we ended the year with nearly $71 million of ARR representing 96% year-over-year growth. Looking at our future growth, we are projecting revenue of $87.5 million at the midpoint of our 2022 guidance, representing 102% year-over-year growth, and ARR of 102.5 million also at the midpoint of our 2022 guidance. This would put us among the fastest companies to grow from 1 million to over 100 million of ARR. All of this further validates the continued exceptional growth opportunity for Aspire. Spire systems currently monitor about $17 trillion of global trade and capture the movement of the $2 trillion aviation industry. At least $28 trillion of global GDP are impacted by weather, which Spire monitors and predicts globally up to 10 days out. We have the ultimate vantage point, space, from which to observe, analyze, and predict activity on Earth day and night, 24-7. Today, about 600 ARR solution customers rely on SPIRE to achieve their missions and run their businesses. Examples include the aviation industry tracking aircraft globally to optimize fuel consumption, the maritime industry optimizing ports activity, the insurance industry alerting policyholders to upcoming weather events, the financial services industry tracking commodities and monitoring wildfires, to understand the industrial impact of climate change, by vice-governments identifying illegal RF transmissions in geopolitical hotspots, or the renewable energy industry using wind and sun forecasts to predict power output. These are just a few among the many examples of the applications of SPIRE's capabilities. We believe SPIRE's total addressable market will reach an annual value in excess of $100 billion by 2025 with about 200,000 potential customers. Clearly, we have barely scratched the surface of the markets and use cases that we can serve with our data and services. As we focus on 2022, I want to reiterate SPIA's four growth pillars. These are the four core strategies that we will continue to execute against to drive our business growth over the next several years. They are number one, invest in sales, marketing, and product. Number two, expand into new geographies and use cases. Number three, expand the capabilities of our data and our analytics. And number four, executing strategic acquisitions to strengthen our market position. Today, I will briefly touch on two of these pillars. On the pillar of expanding the capabilities of our data and analytics, I'm excited to announce that SPIRE has recently demonstrated our radio signal geolocation capability in orbit. In the aerospace and defense industry, geolocation technology is being used for a growing number of security purposes, like dark vessel detection in the maritime domain and GPS jamming over land. SPIRE has developed and demonstrated the capability to geolocate in multiple bands and to detect and geolocate GPS jamming sources in places like China, Syria, Ukraine, and other countries across the world. We have over 40 geolocation-capable satellites in orbit today, giving us an edge over other providers in this space that appear to be in earlier stages of the R&D and or deployment stage. And in Q4, we won our first significant contract leveraging this capability, a multi-year, eight-figure contract with a large defense contractor for a space services solution to detect and geolocate targeted radio signals. We are also in discussion with several other defense contractors about this capability and are truly excited about participating in this multi-billion dollar market. The second pillar that I would like to touch upon today is expanding use cases in geographies. We are pleased to share that in Q4, UMITS had upgraded their contract for Europe with us to operationally utilize our radio occultation data to enhance the weather forecasting ability. And in addition, we recently announced that NOAA has increased their purchase of SPIRE weather data 11-fold. Together, this use of SPIRE data in production now will help public agencies to better predict the weather, protecting lives and preventing the loss of property for about a billion people and about half of global GDP. And I'm extremely proud of this work as we continually strive to help humanity understand, adapt to and mitigate the impacts of climate change with data from space. In Q4, SPIRE also began working with Southern Launch, a launch service provider headquartered in Adelaide, South Australia, providing the company with hyper-local weather forecasting for their rocket launch sites. This is an example of how having a point-optimized forecast can help any weather-dependent industry within localized or remote areas conduct business in a safe and efficient manner. and we are excited about our continued expansion in the Asia-Pacific market. We also won a public bid for the largest port in Europe, the Port of Rotterdam, where they are expanding their relationship with us to include the purchase of ARS data in addition to vessel characteristics. The port has committed publicly to tracking transport emissions with the goal of moving towards carbon-neutral shipping. We're excited to be working with the Port of Rotterdam to assist with increasing port efficiency and improving trade flows based on their strategic pillars of sustainability, digitization, and innovation. We see this as a fantastic showcase for the industry as more and more ports and indeed industries will follow the leadership of the Port of Rotterdam and move towards publicly committing to its net zero operations. And lastly, in Q4, we also completed the acquisition of ExactEarth and have been focused on the complete integration of the company into Spire's maritime organization. The combined Spire and former ExactEarth teams have already begun cross-selling our complementary solutions. In alignment with Spire's values of being faster, collaborative, and relentless, this process is proceeding at a rapid pace, And the business integration is on track to be completed within the next few weeks, roughly 120 days since the closing of the transaction on November the 30th of last year. As a reminder, this transaction hit all four of our growth pillars. We inherited a fantastic team, obtained a vast historical data set, enhanced our solutions with real-time capabilities, and expanded our geographical footprint. the integrated team is excited about the growth opportunity for the combined business in 2022. Before I turn it over to Tom, who will discuss our Q4 financial results and provide an update on our Q1 and fiscal year 2022 guidance, I want to reiterate our excitement with respect to the enormous market opportunity for space-based data and analytics in front of us. Spire is a leader in leveraging the vantage point of space to help solve challenges here on Earth for corporations, countries, and communities. We remain focused on driving rapid and continued top line growth and moving the company towards its goal of being cash flow positive in the next 24 to 30 months. And with that, I'll turn it over to Tom.