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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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 that it plans to release its fiscal third quarter 2024 financial results for the quarter that ended October 31, 2023, after market close on Thursday, December 7, 2023. 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 conference cal.

Planet to Announce Fiscal Third Quarter 2024 Results on Thursday, December 7, 2023

Today, we take a look at Planet Labs PBC, a small cap company that designs and launches satellites to provide geospatial data to customers. The company has an intriguing business model, is focused on bringing down operational costs and has a rock-solid balance sheet. An analysis around Planet Labs is presented in the paragraphs below.

The Prognosis For Planet Labs

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Pelican-1, the first tech demonstration satellite for its next-generation, high-resolution Pelican fleet, along with 36 of its SuperDoves, Flock 4Q, were successfully launched to orbit on SpaceX's Transporter-9 mission from Vandenberg Space Force Base on Saturday, November 11, 2023. The Planet team has successfully made contact with each satellite and start.

Planet Launches First Pelican Tech Demonstration and 36 SuperDoves with SpaceX

SpaceX will launch a satellite demonstration from Planet Labs (NYSE:PL) to record change on planet Earth as part of a new space mission on Saturday.   Elon Musk's space exploration business is expected to kickstart the Transporter-9 space mission tomorrow, launching a ‘ride-share' spacecraft that is due to lift off from the Vandenberg Space Force Base in California.

SpaceX to launch Transporter-9 'ride-share' mission with Planet Labs on Saturday

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that its Pelican tech demonstration satellite, Pelican-1, along with 36 SuperDoves, Flock 4Q, will be launching on SpaceX's Transporter-9 mission on Saturday, November 11, 2023 from Vandenberg Space Force Base in California. SpaceX's launch window will open at 10:49 a.m. PT and you can watch the launch live at this link. Designed and built in-house by Planet, Pe.

Planet to Launch Pelican Tech Demonstration and 36 SuperDoves with SpaceX

ST. LOUIS , Nov. 9, 2023 /PRNewswire/ -- Object Computing, Inc., a technology firm based in St. Louis, MO., today announced a partnership with Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, to harness the power of geospatial data insights for enterprise businesses across industries.

OBJECT COMPUTING AND PLANET LABS PBC PARTNER TO UNLOCK GAME-CHANGING DATA INSIGHTS FOR ENTERPRISE BUSINESSES

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the global availability of its Forest Carbon Diligence product. This global, 30 meter historical time series of forest carbon, as well as tree height and cover, is a groundbreaking data product that aims to provide unprecedented insights into forest change and carbon stocks - a crucial tool for ensuring accurate carbon accounting. Traditional high-fidelity fores.

Planet Releases Forest Carbon Diligence Product

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the successful completion of a significant technical milestone for its planned satellite-to-satellite communications links under the NASA Communications Services Project (CSP). Planet was selected as a subcontractor by SES Space & Defense and Telesat Government Solutions in late 2022 to demonstrate real-time space-to-space connectivity solutions from Lower E.

Planet Labs PBC Releases First Ground Testing Results for NASA CSP 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 its Pelican tech demonstration satellite, Pelican-1, along with 36 SuperDoves, have arrived at Vandenberg Space Force Base in preparation for launch next month. Pelican-1, designed and manufactured by Planet, is the first tech demonstration of Planet's next-generation, high-resolution fleet, which is expected to replenish and improve upon Planet's existing.

Planet's Pelican Tech Demonstration Satellite Ready for Launch

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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 it has expanded contracts with existing customers across the Canadian provincial governments, including British Columbia, the Northwest Territories, Quebec, and Alberta. Planet data and solutions will be used to support critical disaster response efforts during the Canadian fire season, and to monitor impacts of climate change on ecosystems, such as permafr.

Planet Gains Business Across Canadian Provincial Governments, Enabling Informed Disaster Response

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, is hosting its Investor Day on Tuesday, October 10, 2023, in San Francisco, California. 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; Ashley Johnson, Chief Financial Officer and Chief Operating Officer; Kevin Weil, President of Produc.

Planet to Host Investor Day on October 10, 2023

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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 the National Aeronautics and Space Administration (NASA) has extended its Blanket Purchase Agreement with Planet under the Commercial SmallSat Data Acquisition (CSDA) Program with multiple orders totaling $18.5 million in funding through 2024. With the CSDA Program, approved civilian federally funded researchers and federal civilian agency employees can acc.

NASA Extends CSDA Agreement with Planet

Two years ago, space company Planet Labs seemed a stellar IPO prospect, promising years of revenue growth and steadily increasing profit margins. It hasn't worked out that way.

Planet Labs' Q2 Earnings Bring More Disappointment

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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 an imaging spectrometer, developed by NASA JPL, has been handed off to its team for integration onto its Tanager 1 hyperspectral satellite. This marks a major milestone for the Carbon Mapper Coalition, a public-private partnership announced in 2021, with the aim of gaining a deeper understanding of global methane and carbon dioxide emissions. As part of thi.

NASA JPL Imaging Spectrometer Ready for Tanager 1 Integration

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Planet Labs delivered a solid quarter, but its guidance for the current three months came in below expectations. The satellite imagery specialist appears on track, but will require patience.

Why Planet Labs Stock Is Down Today

Planet Labs PBC (NYSE:PL ) Q2 2024 Earnings Conference Call September 7, 2023 5:00 PM ET Company Participants Chris Genualdi - Vice President of Investor Relations Will Marshall - Chief Executive Officer, Chairperson and Co-Founder Ashley Fieglein Johnson - Chief Financial and Operating Officer Conference Call Participants Michael Latimore - Northland Jason Gursky - Citigroup Trevor Walsh - JMP Securities Jeff Van Rhee - Craig-Hallum Ryan Koontz - Needham & Company Greg Mesniaeff - WestPark Capital Operator Good afternoon. Thank you for attending today's Planet Labs PBC Second Quarter of Fiscal 2024 Earnings Conference Call.

Planet Labs PBC (PL) Q2 2024 Earnings Call Transcript

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 second quarter for the period ended July 31, 2023 that demonstrated continued growth and momentum of its unique data subscription business. “This quarter was one of increasing focus and operational efficiency. Revenue for the second quarter of fiscal 2024 was in line with our expectations, while gross.

Planet Reports Financial Results for Second Quarter of Fiscal 2024

News for Planet Labs Stock (PL)