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 the extension of their strategic partnership with AXA Climate, a company that provides consulting services to the agri-food, industrial, financial and public sectors to help them successfully adapt to climate change and biodiversity loss, in a regenerative way. The extension aims to offer continued satellite data-driven insights for the development of parametric.

Planet and AXA Climate Extend Strategic Partnership to Drive Drought Insurance Program

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Planet Labs: Profitability In Sight

Planet Labs grew strongly in 2022 -- just not as strongly as promised. 2023 growth looks likely to fall even farther short of projections.

Can Planet Labs Live Up to the Hype?

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today hosted customers and partners, investors, media, innovators, government officials and more at its annual user conference, Explore 2023. Planet announced enhanced availability for its Planetary Variables data products via API, broadening access for users.

Planet Transforms Transparency to Action with Customers and Partners at Explore 2023

Planet Labs stock is climbing Thursday on news of a big insider stock purchase. President of product and business Kevin Weil recently purchased nearly $1 million in company stock.

Why Planet Labs Stock Is Soaring Today

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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, and The Nature Conservancy (TNC), a global environmental organization dedicated to conserving the lands and waters on which all life depends, today announced collaborative efforts on the Blue Carbon Explorer (BlueCarbon.TNC.org), a digital tool developed by TNC that aims to map mangrove and seagrass blue carbon around the world.

The Nature Conservancy and Planet Collaborate to Map Blue Carbon

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ITHACA, N.Y. , April 4, 2023 /PRNewswire/ -- Ursa Space Systems, a global satellite intelligence infrastructure provider, has announced today that Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, will join its Virtual Constellation and Partner Network.

Planet Joins Ursa Space's Virtual Constellation and Partner Network

Planet Labs lost less than expected in the fourth quarter. The imagery specialist also announced an acquisition to boost its data offerings.

Why Planet Labs Stock Rocketed Higher Today

Planet Labs PBC (NYSE:PL ) Q4 2023 Earnings Conference Call March 29, 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 Kevin Weil - President, Product & Business Conference Call Participants Michael Latimore - Northland Capital Markets Ryan Koontz - Needham & Company Jeff Van Rhee - Craig-Hallum Noah Poponak - Goldman Sachs Edison Yu - Deutsche Bank Katherine Knop - B. Riley Financial Operator Good afternoon.

Planet Labs PBC (PL) Q4 2023 Earnings Call Transcript

Planet Labs PBC (PL) delivered earnings and revenue surprises of 12.50% and 0.74%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Planet Labs PBC (PL) Reports Q4 Loss, Tops Revenue Estimates

Planet on Wednesday delivered another record quarter of revenue, nearing the top end of its full-year revenue forecast.

Satellite imagery venture Planet reports record quarterly revenue to cap strong 2022

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 fourth quarter for the period ended January 31, 2023, that demonstrated continued growth and momentum of its unique data subscription business. “The fourth quarter capped off an incredible year for Planet.

Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2023

SAN FRANCISCO & LJUBLJANA, Slovenia--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced it has signed an agreement to acquire the business of Holding Sinergise d.o.o. (“Sinergise”), a leading developer platform for earth observation (EO) data.

Planet to Acquire Sinergise Business to Expand its Data Analysis Platform

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that its wholly owned subsidiary, Planet Labs Federal, Inc., has been awarded a contract by the National Reconnaissance Office (NRO) for the agency's Strategic Commercial Enhancements (SCE) Broad Agency Announcement (BAA) program, specifically in the Commercial Hyperspectral Capabilities (CHC) focus area.

National Reconnaissance Office Awards Planet Contract for Hyperspectral Capabilities

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Due to declining profits and increased dilution of shares, PL stock has fallen by around 19% in recent years. The Company's top line has been doing exceptionally well, growing 57% year over year in Q3 2022.

Planet Labs: A Promising ASU Partnership But Don't Overlook High Operational Cost

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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 fourth quarter and full year 2023 financial results for the fiscal year that ended January 31, 2023, after market close on Wednesday, March 29, 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 to Announce Fiscal Fourth Quarter and Full Year 2023 Results on Wednesday, March 29, 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 they have solidified a Strategic Partnership with Arizona State University (ASU) to facilitate climate action through education and research, workforce development, and a science-first approach toward innovation.

Planet and ASU Expand Partnership to Build Global Scale Solutions for Sustainability

News for Planet Labs Stock (PL)