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

Earnings data Q4 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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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

Accenture Plc

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

Maxar Technologies

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).

Planet Launches Nonprofit Program to Empower Mission-Driven Organizations with More Access to Timely, Global Satellite Data

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced NASA has exercised an option to extend its contract with Planet under the Commercial SmallSat Data Acquisition (CSDA) Program through September 2023.

NASA Extends Contract with Planet Granting Access to Planet Data to over 300,000 Scientists

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, is holding its previously announced Investor Day in San Francisco on Wednesday, October 12, 2022. The program is set to begin at 12:00 p.m. Eastern Time / 9:00 a.m. Pacific Time. The Investor Day program will feature sessions led by management, including Will Marshall, Co-Founder and CEO; Kevin Weil, President of Product and Business; Charlie Candy,

Planet Labs PBC Investor Day Scheduled for October 12th, 2022

Planet the company's plans sound good for Planet Earth -- but how will they help Planet's profits?

Planet Labs Declares War on Global Warming

Following the Q2 earnings release, I wanted to do an update on Planet Labs. I believe my thesis is strongly intact for long-term investors, represented by continued customer adoption and increasing net dollar retention.

Planet Labs: Growth Story Remains Intact

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Planet is adding another type of imagery satellites to its product line, in the latest expansion of the data the company gathers from its networks in orbit.

Planet prepares to launch another line of imagery satellites to expand data-gathering operations

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced new details of its commercial hyperspectral constellation, which is being brought to market through a first-of-its-kind public-private partnership with the Carbon Mapper Coalition. The future hyperspectral satellites will be named Tanager, a colorful and visually diverse family of birds in Central and South America, and are designed to deliver hyperspectral data

Planet Announces New Details of Hyperspectral Offering

Axon Enterprise

Planet Labs and Axon Enterprise have impressed investors lately.

2 Stocks on My Radar This Week

To win as an investment, Planet Labs' stock must control costs even as it accelerates revenue growth.

Planet Labs Blew Away Expectations -- But Was It Enough?

Revenue growth continues to accelerate, driven largely by existing customers' growing spend with Planet. Use case expansion should occur over time as the company builds out its internal software and analytical capabilities.

Planet Labs: A Statement Quarter

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that it has achieved the Google Cloud Ready - Sustainability designation in the Google Cloud Partner Advantage Program. By earning the Google Cloud Ready Sustainability designation, Planet has proven their success in building and producing solutions and tools on Google Cloud to help customers achieve their sustainability and Environmental, Social, Governance (ES

Planet Achieves Sustainability Partner Designation in the Google Cloud Partner Advantage Program

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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 that they have entered into a multi-year contract with Saint Louis University in support of the Taylor Geospatial Institute (TGI), a leading geospatial research collaborative. Bringing together eight midwestern universities and research centers, TGI aims to harness innovation in geospatial science and make scientific discoveries that address global challenges. W

Planet Partners with Taylor Geospatial Institute, Data Expected To Be Leveraged for Research on Food Security and Defense and Intelligence

Planet Labs posted strong Q2 2023 results, with both revenue and EPS beating estimates. The company's growth was driven by both new customer addition and increasing usage from existing customers.

Planet Labs: Strong Q2 Results And Solid Growth Prospects

Earth imaging company Planet Labs guided sales and earnings higher Monday. That has its stock, and other space stocks, on the move.

Planet Labs, Space Stocks Gain On Improving Outlook.

Planet Labs PBC (NYSE:PL ) Q2 2023 Earnings Conference Call September 12, 2022 5:00 PM ET Company Participants Chris Genualdi - Vice President of Investor Relations Will Marshall - Co-Founder and Chief Executive Officer Ashley Fieglein Johnson - Chief Financial and Operating Officer Conference Call Participants Noah Poponak - Goldman Sachs Jeff Van Rhee - Craig-Hallum Ryan Koontz - Needham & Company Josh Sullivan - The Benchmark Company Colin Canfield - Barclays Operator Good afternoon. Thank you for attending today's Planet Labs PBC Fiscal Second Quarter 2023 Earnings Call.

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