exactEarth

exactEarth Announces Q3 Fiscal 2021 Financial Results and

– exactEarth has entered into an agreement to be acquired by Spire Global for $204.2 million in cash and equity

– Consideration of $3.90 per share represents a premium of 171% to exactEarth’s 10-day VWAP of $1.4417 per share

CAMBRIDGE, Ontario, Sept. 14, 2021 (GLOBE NEWSWIRE) — exactEarth Ltd. (“exactEarth” or “the Company”), a leading provider of Satellite-AIS data services, announces its financial results for the three- and nine-month periods ended July 31, 2021. All financial figures are in Canadian dollars unless otherwise stated.

Q3 and Year-to-Date Fiscal 2021 Highlights:

  • Revenue was $6.0 million, up 26% compared to $4.8 million in Q3 2020; revenue Year-to-Date (“YTD”) was $17.3 million, up 30% compared to $13.3 million in the same period last year.
  • Subscription Services1 revenue was $5.3 million, up 18% compared to $4.5 million in Q3 2020; Subscription Services revenue YTD was $15.3 million, up 26% compared to $12.2 million