Spire Global, Inc. Quarterly report pursuant to Section 13 or 15(d)

Revenue, Contract Assets, Contract Liabilities and Remaining Performance Obligations (Tables)

3 Months Ended

Mar. 31, 2023

The following revenue disaggregated by geography was recognized:

(1)

The United Kingdom represented 14% and 16% for the three months ended March 31, 2023 and 2022, respectively.

(2)

U.S. represented 50% and 33% for the three months ended March 31, 2023 and 2022, respectively.

Changes in contract assets for the three months ended March 31, 2023 and 2022 were as follows:


	Three Months Ended March 31,
	2023			2022
Balance as of December 31	$	3,353		$	2,084
Contract assets recorded during the period		3,306			3,122
Reclassified to accounts receivable		(2,451	)		(1,557	)
Other		5			(19	)
Balance as of March 31	$	4,213		$	3,630

Changes in contract liabilities for the three months ended March 31, 2023 and 2022 were as follows:


	Three Months Ended March 31,
	2023			2022
Balance as of December 31	$	16,628		$	9,255
Contract liabilities recorded during the period		7,978			3,563
Revenue recognized during the period		(6,719	)		(4,514	)
Other		104			(68	)
Balance as of March 31	$	17,991		$	8,236