Planet Labs

Planet Labs PBC provides daily data and insights about earth. It offers a web-geo platform with satellite data available and foundational analytics to derive insights to make decisions. The company is founded by William S. Marshall and Robert H. Schingler in 2010 and is headquartered in San Francisco, CA.

Earnings data Q3 2021

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Earnings data Q1 2024

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PL (PL) reports solid Q1 results but revises guidance

PL (PL) reported solid Q1 financial results but faced headwinds in April and May, leading to a revision of guidance for the year. The company is streamlining and focusing on high ROI business areas, while challenges include elongated sales cycles and government budget constraints. Opportunities lie in leveraging unique data for AI applications and being a natural consolidator in the data business.

Planet Labs PBC reports 11% revenue growth, faces deal closure delays

Planet Labs PBC reported strong revenue growth and exceeded non-GAAP gross margin expectations. However, challenges include delays in deal closures and a reduction in the revenue forecast due to delays in large government opportunities. The company is focusing on organizational changes, product developments, and cost-cutting measures to drive sustainable long-term growth and profitability.

Planet Labs PBC Reports Record Q3 Revenue and Government Market Strength

Planet Labs PBC achieved record revenue and demonstrated strength in government markets, while facing challenges in extended sales cycles and macro-driven headwinds in the commercial market. The company is focused on driving higher growth rates and improving execution to capitalize on a diverse global pipeline of opportunities.

Planet Labs exceeds targets, eyes profitability amid strategic acquisitions

Planet Labs delivered robust financial performance, highlighted by revenue growth and strategic acquisitions. Challenges include achieving profitability and managing legacy contracts. Opportunities exist in government sectors, expanding customer base, and disciplined financial management.

Planet Labs reports robust Q1 earnings, eyes AI for growth

Planet Labs' Q1 performance reflects strong revenue growth and margin expansion, supported by diverse customer base and strategic partnerships.
While facing challenges from recent headwinds and elongated sales cycles, the company is optimistic about leveraging AI and sustainability for growth.
Efforts to reduce expenses and prioritize key investments signal a strategic focus on profitability and sustainable growth for Planet Labs.

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ARK Space Exploration & Innovation ETF

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SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, and NASA Harvest, the federal space agency's Global Food Security and Agriculture Program, today announced a partnership to further support the joint Food Security and Agricultural Monitoring Solution. The offering aims to deliver policy-grade agricultural monitoring and assessments of potential threats to global food security.

Planet and NASA Harvest Launch Commercial Partnership to Enable and Advance Food Security Offering to Deliver Policy-Grade Agricultural Assessments

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the completion of its acquisition of Salo Sciences, a San Francisco-based climate technology company that provides cutting-edge solutions to measure Earth's constantly changing ecosystems. In December, Planet announced it had signed an agreement to acquire Salo Sciences.

Planet Completes Acquisition of Salo Sciences

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SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new, scaled structure for their Education and Research (E&R) Program, aiming to increase global accessibility to their satellite data and services. Starting today, the program offers a new packaging model with a tiered global pricing system and high-resolution SkySat data, a first for a university program in the satellite data industry.

Planet Scales Education and Research Program

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today successfully launched 36 SuperDove satellites, its Flock 4y, to space aboard a SpaceX Falcon 9 rocket. The Planet team has established contact with all 36 SuperDoves and has kicked off their automated commissioning process. This marks the company's 32nd successful launch, totaling over 500 satellites launched since its founding.

36 Planet SuperDoves Successfully Launch on SpaceX's Falcon 9 Rocket

Planet Labs announced that it plans to launch 36 of its SuperDove satellites, Flock 4y, on a SpaceX Falcon 9 rocket. These are the details.

Planet Labs Launching 36 SuperDove Satellites With SpaceX (PL)

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Ashley Johnson, CFO and COO at Planet, will present at the 25th Annual Needham Growth Conference on January 10th, 2023, at 3 p.m. Eastern Time in New York City. The “fireside chat” will be moderated by Ryan Koontz, Managing Director at Needham & Company, LLC.

Planet to Present at Needham 25th Annual Growth Conference on January 10th, 2023

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Planet Labs PBC (NYSE:PL ) Q3 2023 Earnings Conference Call December 14, 2022 5:00 PM ET Company Participants Chris Genualdi - VP of IR Will Marshall - Co-founder and CEO Ashley Fieglein Johnson - Chief Financial and Operating Officer Conference Call Participants Michael Latimore - Northland Edison Yu - Deutsche Bank Josh Sullivan - The Benchmark Company Jeff Van Rhee - Craig-Hallum Greg Mesniaeff - WestPark Capital Harry Wilmerding - Needham & Company Ken Mestemacher - Edison Investment Research Noah Poponak - Goldman Sachs Operator Good afternoon. Thank you for attending the Planet Labs PBC Third Quarter of Fiscal 2023 Earnings Call.

Planet Labs PBC (PL) Q3 2023 Earnings Call Transcript

Planet delivered record results for the third quarter and forecast nearly $200 million in annual revenue.

Satellite imagery venture Planet delivers record quarter, sees annual revenue nearing $200 million

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for its fiscal third quarter for the period ended October 31, 2022, demonstrating continued growth and momentum of its unique data subscription business.

Planet Reports Financial Results for Third Quarter of Fiscal Year 2023

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The three major U.S. equity indexes closed higher on Monday. The Dow Jones industrials ended the day up 1.58%, while the S&P 500 closed 1.43% higher and the Nasdaq up 1.26%.

Earnings Previews: Jabil, Lennar, Planet Labs, Trip.com

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new contract with ZEP-RE, a reinsurance company based in Nairobi, Kenya, to leverage Planet's Basemaps products to enhance drought risk protection in the Horn of Africa (HOA).

ZEP-RE and Planet Collaborate on Drought Insurance Program in Africa

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NEW YORK & SAN FRANCISCO--( BUSINESS WIRE )--Accenture (NYSE: ACN), through its Accenture Ventures Project Spotlight initiative, has entered into a collaboration agreement with Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, to help power decision-making at organizations across myriad industries including agriculture, consumer packaged goods, energy, forestry and government.

Accenture and Planet to Collaborate on AI-Powered Geospatial Intelligence Tools for Sustainability, Traceable Supply Chain and Climate Risk Solutions

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal third quarter 2023 financial results for the quarter ended October 31, 2022, after market close on Wednesday, December 14, 2022. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day.

Planet to Announce Fiscal Third Quarter 2023 Results on Wednesday, December 14, 2022

The Remote Sensing Services Market size is projected to grow from USD 13.2 billion in 2022 to USD 26.6 billion by 2027, at a CAGR of 14.9%. The Remote Sensing Services Market size is projected to grow from USD 13.2 billion in 2022 to USD 26.6 billion by 2027, at a CAGR of 14.9%.

Maxar Technologies (US) and Planet Labs PBC (US) are the Key Players in the Remote Sensing Services Market [2022-2027]

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, and Microsoft Corp. announced an expanded partnership to apply artificial intelligence (AI) technology and satellite data to support African climate adaptation projects. This technology collaboration is in support of Microsoft's recently-announced first global expansion of its AI for Good Labs into Nairobi, Kenya and Cairo, Egypt and the establishment of a corresponding AI Innovation Council with local partners and nonprofits. Through this program, Africa-based data scientists will have access to Planet satellite imagery from across the African continent to inform projects, as nominated by the AI Innovation Council, that have a specific focus on early warning systems and climate adaptation – the process of adjusting to current or expected effects of climate change.

Microsoft and Planet Expand Partnership to Provide AI and Satellite Data for African Climate Adaptation Projects

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Kristen Robinson will be joining Planet's Board of Directors. Robinson brings 30 years of experience in human resources, finance and marketing at software and technology companies.

Planet Announces Board Expansion with Addition of Kristen Robinson

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today shared that Justdiggit, a Dutch non-profit organization dedicated to supporting land restoration in sub-Saharan Africa, is leveraging Planet's high-resolution SkySat satellite tasking capabilities, their near-daily PlanetScope satellite imagery, and the Planetary Variables data feeds to quantify, evaluate, and scale their regreening projects. By leveraging this cutting-edge technology, these two organizations are lending scientific credibility and concrete metrics to nature-based solutions.

Seeing African Restoration from Space: Planet and Justdiggit Enable Nature-based Solutions to Regreen the Land

There are major economic shifts in the satellite data provider industry. PL's proprietary knowledge and technology well-positions it to capture share.

Planet Labs: Disrupting The Legacy Space Observatory Industry

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the launch of its Nonprofit Program, an offering that provides access to Planet imagery and support services specifically for nonprofits and non-governmental organizations (NGOS).

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