Spire Corporation

Develops and markets engineered products and services in the PV solar, biomedical, and optoelectronics sectors.

Launch date

1969

Employees

Market cap

Enterprise valuation

CAD400m (Public information from Sep 2024)

Bedford Texas (HQ)

http://spirecorp.com

https://twitter.com/spiresolar https://www.facebook.com/pages/Spire-Corporation/186161086328 https://www.linkedin.com/company/spire

Revenues, earnings & profits over time

USD	2020	2021	2022	2023	2024	2025
Revenues	28.5m	43.4m	80.3m	106m	124m	152m
% growth	-	52 %	85 %	32 %	17 %	23 %
EBITDA	(18.9m)	(64.3m)	(49.8m)	(21.5m)	-	-
% EBITDA margin	(66 %)	(148 %)	(62 %)	(20 %)	-	-
Profit	(32.5m)	(19.3m)	(89.4m)	(64.0m)	-	-
% profit margin	(114 %)	(45 %)	(111 %)	(61 %)	-	-
R&D budget	20.8m	31.6m	35.2m	38.9m	-	-
R&D % of revenue	73 %	73 %	44 %	37 %	-	-

Date	Investors	Amount	Round
Dec 1983	N/A	N/A	IPO
Jan 2010	N/A	$2.0m	Grant
Mar 2012	Masimo	$8.5m Valuation: $8.5m	Acquisition
Total Funding		CAD2.7m