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

Quarterly report pursuant to Section 13 or 15(d)

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

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

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Geography

The following revenue disaggregated by geography was recognized:


	Three Months Ended June 30, 2023				Six Months Ended June 30, 2023
EMEA(1)	$	7,992	30	%	$	16,695	33	%
Americas (2)		15,999	60	%		28,806	57	%
Asia Pacific		2,502	10	%		5,160	10	%
Total	$	26,493	100	%	$	50,661	100	%

	Three Months Ended June 30, 2022				Six Months Ended June 30, 2022
EMEA	$	7,300	37	%	$	15,235	41	%
Americas (2)		8,669	45	%		16,283	43	%
Asia Pacific		3,426	18	%		5,947	16	%
Total	$	19,395	100	%	$	37,465	100	%

(1)

Germany represented 17% and 12% for the three and six months ended June 30, 2023, respectively.

(2)

U.S. represented 51% and 50% for the three and six months ended June 30, 2023, respectively, and 35% and 34% for the three and six months ended June 30, 2022, respectively.

Schedule of Changes in Contract With Customer Asset

Changes in contract assets for the six months ended June 30, 2023 and 2022 were as follows:


	Six Months Ended June 30,
	2023			2022
Balance as of December 31	$	3,353		$	2,084
Contract assets recorded during the period		4,434			4,715
Reclassified to accounts receivable		(2,917	)		(2,318	)
Other		29			(43	)
Balance as of June 30	$	4,899		$	4,438

Schedule of Changes in Contract With Customer Liability

Changes in contract liabilities for the six months ended June 30, 2023 and 2022 were as follows:


	Six Months Ended June 30,
	2023			2022
Balance as of December 31	$	16,628		$	9,255
Contract liabilities recorded during the period		16,577			11,602
Revenue recognized during the period		(11,112	)		(7,242	)
Other		164			(395	)
Balance as of June 30	$	22,257		$	13,220