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.

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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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Planet Labs offers high frequency geospatial data through their satellite constellations, but the stock has plummeted since its IPO. There is room for improvement on growth and the solutions the company currently offers. Increased government defence agency interest in the commercial space sector could drive future revenue for Planet Labs.

Planet Labs: Government Spending On Space Could Signal Launch

Artificial intelligence (AI) is propping up the computer and technology sector, but it's also helping many other industries involved in collecting, procuring and providing real-time data. Planet Labs PBC NYSE: PL, which was started by NASA scientists in 2010,  operates a network of over 200 satellites that provides planetary data around the clock for many industries.

Planet Labs Soars Fueled by AI Data Demand

Planet Labs PBC (PL) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Here's Why Planet Labs PBC (PL) is Poised for a Turnaround After Losing -18.1% in 4 Weeks

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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) today announced Planet Insights Platform, the all-in-one place for creating Earth insights. Planet Insights Platform is a milestone in the journey to unify Planet's product portfolio and the power of Sentinel Hub, which Planet acquired last year. Combining Planet's analysis-ready Earth data products with cloud-based analytics and tools will allow users to efficiently analyze, stream, and distribute data at scale, so they can make decisi.

Planet Announces Planet Insights Platform with Powerful Tooling for Unlocking Earth Observation Data

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PG&E Expands Contract with Planet to use Satellite Data to Complement Vegetation Management Work OAKLAND, Calif. , April 8, 2024 /PRNewswire/ -- Preventing ignitions that can cause catastrophic wildfires requires focus, vigilance and the integration of ever-evolving technology.

From Miles Above, Satellite Data Helps Spot Hazardous Trees and Reduce Wildfire Risk

Planet Labs PBC (PL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Planet Labs PBC (PL) Upgraded to Buy: Here's What You Should Know

Planet Labs reported disappointing fourth-quarter 2024 financial results last Thursday. The company fell short of analysts' fourth-quarter 2024 earnings-per-share estimates.

Why Shares of Planet Labs Are Plunging Today

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Planet Labs PBC (PL) Q4 2024 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced it has signed a multi-year data-license agreement with Carbon Mapper, Inc. to provide hyperspectral core imagery to the non-profit and its partners until 2030. The $20 million agreement is made possible by initial funding led by a major climate philanthropy. Carbon Mapper, Inc. has been a key partner to Planet in developing the Tanager hyperspectral constellatio.

Planet to Provide Carbon Mapper, Inc. with Hyperspectral Data Until 2030

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 the period ended January 31, 2024. “Planet delivered a solid fourth quarter to cap off the year. We saw strong demand in the government sector and an evolution toward selling solutions alongside our data, enabled by the revolution happening in AI. We are prioritizing investment behind these trends to capture the.

Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2024

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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 expanded into a new strategic partnership agreement with SynMax, a Houston-based satellite analytics and intelligence company. This marks an evolution in Planet's previously announced partnership with SynMax, providing data for energy industry intelligence and dark/spoofing vessel tracking. The specialized agreement enables Planet to sell an analy.

Planet Expands Strategic Partnership with SynMax, Offering Customers AI-Enhanced Vessel Identification, Classification, and Smart Surveillance Capabilities

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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 improvements to its Crop Biomass Planetary Variable, including the integration of its daily, global PlanetScope data. Crop Biomass is a cloud-free, analysis-ready data product for monitoring agricultural fields that combines radar and optical signals to help agronomists and farmers better understand the status of their operations. Crop biomass in agricultural fi.

Planet Upgrades Crop Biomass Planetary Variable to Include Daily PlanetScope Data

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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 the release of Field Boundaries, the latest add in their suite of advanced data feeds called Planetary Variables. Field Boundaries will provide critical infrastructure for agriculture solutions, including regional crop monitoring and yield estimation over broad areas, serving customers in civil government, commercial agriculture, finance, and consumer packaged g.

Planet Adds to its Planetary Variable Product Suite with Automated Field Boundary Detection

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced its fully owned subsidiary, Planet Labs Federal Inc., was awarded a seven-figure contract by the Naval Information Warfare Center (NIWC) Pacific for vessel detection and monitoring over key areas of interest throughout the Pacific. The project will integrate both Planet's daily, global PlanetScope data and high-resolution SkySat data into the Department of Trans.

Planet Awarded Contract for Vessel Detection and Monitoring by Naval Information Warfare Center (NIWC) Pacific

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 fourth quarter and full year 2024 financial results for the year that ended January 31, 2024, after market close on Thursday, March 28, 2024. 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 invites you to listen to the conf.

Planet to Announce Fiscal Fourth Quarter and Full Year 2024 Results on Thursday, March 28, 2024

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Planet Labs leads the EO market with the largest satellite constellation, poised to capitalize on the growing demand for Earth Observation and geospatial data from companies and governments. Plunging space launch and GPU computation costs combined with advancements in CubeSat and AI technologies are boosting the utility of Earth Observation data. Planet Labs' equity stakes in startups utilizing its data for innovative EO-based products signal potential for additional growth and indirect exposure to the burgeoning EO startup market.

News for Planet Labs Stock (PL)