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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ARK Space Exploration & Innovation ETF

ViaSat

Pursuing wealth in capital markets always carries its share of volatility, and space stocks present a compelling opportunity for the risk-taker. This relatively new and unpredictable segment is catching the eye of many investors, particularly those looking for sectors with the potential for astronomical growth.

Buy Alert: 3 Space Stocks Nearing Super Attractive Entry Points

Layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.

2023 Layoff Tracker: Planet Labs Slashes Over 100 Jobs

Satellite-imagery and data-analysis company Planet is restructuring and laying off 117 employees, it announced on Tuesday.

Planet lays off about 10% of workforce as satellite imagery company restructures

BlackSky Technology

Palantir Technologies

Russia's navy has begun camouflaging its warships specifically to trick spy satellites and drones into misidentifying them. One less-than-common satellite technology -- synthetic aperture radar -- is not so easily fooled.

Without Good AI, U.S. Satellites May Become Obsolete

Rocket Lab USA

While attempting to get rich in the capital markets always presents extraordinary risks, if you're committed to this framework, the top space stocks offer a better chance than many if not most other equity sectors. For example, the agriculture segment is critical but you're probably not going to get rich off any agribusinesses.

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While it doesn't get nearly as much attention as artificial intelligence (A.I.), space is a fast-growing segment of the economy and technology sector.

The 3 Most Undervalued Space Stocks to Buy Now: July 2023

I continue to recommend a buy rating for PL, despite a near-term slowdown due to the weak macro environment. PL's unique position with a large satellite fleet and extensive data archive, along with strategic partnerships with industry leaders, positions it well in the growing commercial satellite imaging market. The focus should be on PL's long-term potential and the significant total addressable market.

Planet Labs: Long-Term Upside Remains Attractive

Planet Labs, a provider of on-demand satellite imagery, is seen as a promising investment opportunity despite concerns over its financial performance and high operating expenses. The company's upcoming Pelican and Tanager offerings, along with its strong balance sheet, are expected to unlock substantial value, with an estimated price target of $4. Risks for investors include unpredictable customer growth, potential revenue decline, potential project delays, and broader macroeconomic factors, necessitating a well-planned investment strategy.

Planet Labs: A Strong Balance Sheet And Future Prospects Make It A Buy

Lockheed Martin

Virgin Galactic

The space sector is heating up and experiencing exponential growth. The commercial space industry was worth $32.7 billion in 2021 and is currently forecasted to grow at a compound annual growth rate (CAGR) of 6% in the coming years.

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The burgeoning era of the space economy represents a massive long-term prospect poised to catapult investment portfolios into the stratosphere with millionaire-maker space stocks. Projections depict the next few years could be the ignition phase of a multi-trillion-dollar celestial marketplace.

3 Millionaire-Maker Space Stocks to Buy and Hold Forever

Redwire Corp

For many years, it had seemed like humanity had lost the urge to explore the cosmos. A series of setbacks at NASA had dimmed expectations.

3 Space Stocks to Buy With Explosive Upside Potential

Planet Labs deeply disappointed investors last week, reporting weak sales growth in Q1 -- and promising even weaker growth in Q2. Full-year fiscal 2024 sales now look like they'll be less than half as strong as once expected.

Planet Labs Stock Isn't Living Up to Its Promises

Planet Labs (NYSE:PL) delivered mixed first-quarter results that revealed an in-line top-line and a bottom-line beat, overshadowed by weaker guidance as it navigates a difficult operating environment, according to analysts at Wedbush. Still, they've maintained their ‘Outperform' rating and 12-month price target of $8 as the company focuses on adjusting its expense plan to prioritize core business investments while searching for new ways to optimize its expense profile.

Planet Labs hits 1Q road bump but remains on track, broker says

Planet Labs beat earnings last night but barely missed on sales. Sales growth is significantly lagging the kind of growth Planet promised pre-IPO.

Why Planet Labs Stock Got Destroyed Today

General Motors

Tesla

Tesla Inc. TSLA, +4.58% and General Motors Co. GM, -1.02% sharerose 4.5% and 3.5%, respectively in premarket trading after the automakers said owners of GM's electric vehicles will have access to Tesla's fast-charging network in North America starting next year.

Tesla and GM shares rise and Planet Labs slumps, along with more stocks on the move

Planet Labs PBC (NYSE:PL ) Q1 2024 Earnings Call Transcript June 8, 2023 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 Ryan Koontz - Needham & Company Trevor Walsh - JMP Jason Gursky - Citigroup Mike Latimore - Northland Capital Markets Jeff Van Rhee - Craig-Hallum Edison Yu - Deutsche Bank Greg Mesniaeff - WestPark Josh Sullivan - The Benchmark Company Operator Good afternoon. Thank you for attending today's Planet Labs PBC First Quarter of Fiscal 2024 Earnings Call.

Planet Labs PBC (PL) Q1 2024 Earnings Call Transcript

Planet Labs PBC (PL) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.17 per share a year ago.

Planet Labs PBC (PL) Reports Q1 Loss, Lags Revenue Estimates

Planet, a satellite-imagery and data-analysis company, lowered its annual revenue guidance after reporting first quarter results on Thursday.

Planet stock drops after satellite imagery and data venture lowers annual revenue guidance

Shares of Planet Labs PBC PL, +0.62% dropped more than 18% in the aftermarket Thursday after the Earth-imaging company reported a narrower-than-expected loss for its fiscal first quarter but called for lower revenue for the year. Planet Labs lost $34 million, or 13 cents a share, in the quarter, compared with a loss of $44 million, or 17 cents a share, in the year-ago quarter.

Planet Labs stock tanks more than 18% after lower-than-expected guidance

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 first quarter for the period ended April 30, 2023, that demonstrated continued growth and momentum of its unique data subscription business. “We continue to see strong demand for our proprietary data solutions, driven by global events and the growing awareness of our capabilities,” said Will Marshall,.

Planet Reports Financial Results for First Quarter of Fiscal 2024

I consider the analysts' outlook for achieving profitability to be unlikely. In addition, analysts have in the past tended to revise their sales growth estimates for the company downward.

Planet Labs: Massive SBCs And Profitability Still Far Away

OSLO, Norway--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced its partnership with the United Arab Emirates (UAE) Space Agency, to build a regional satellite data-driven loss and damage atlas for climate change resilience. The initiative aims to provide data to a select country facing high degrees of climate risk to help build resilience, make informed policy decisions, and stimulate financial programs for climate adaptatio.

Planet Partners with the UAE Space Agency to Build Satellite Data-driven Loss and Damage Atlas for Climate Resilience

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced new strategic partnerships with artificial intelligence (AI) analytics providers at the U.S. Geospatial Intelligence Foundation's 2023 GEOINT Symposium. These companies' AI-powered analytics enable object detection and classification services on top of Planet's high-frequency, medium- and high-resolution satellite data. Automated analytics are core to helping ou.

Planet Announces AI Partnerships at GEOINT 2023

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 first quarter 2024 financial results for the quarter that ended April 31, 2023, after market close on Thursday, June 8, 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 call, whi.

Planet to Announce Fiscal First Quarter 2024 Results on Thursday, June 8, 2023

PL is a top player in next-generation Earth Observation, with a 200-satellite fleet and a cloud-native analytics platform. Planet Labs is making geospatial data more accessible.

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