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

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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) (“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

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SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, and NASA Harvest, the federal space agency's Global Food Security and Agriculture Program, today announced a partnership to further support the joint Food Security and Agricultural Monitoring Solution. The offering aims to deliver policy-grade agricultural monitoring and assessments of potential threats to global food security.

Planet and NASA Harvest Launch Commercial Partnership to Enable and Advance Food Security Offering to Deliver Policy-Grade Agricultural Assessments

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the completion of its acquisition of Salo Sciences, a San Francisco-based climate technology company that provides cutting-edge solutions to measure Earth's constantly changing ecosystems. In December, Planet announced it had signed an agreement to acquire Salo Sciences.

Planet Completes Acquisition of Salo Sciences

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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, scaled structure for their Education and Research (E&R) Program, aiming to increase global accessibility to their satellite data and services. Starting today, the program offers a new packaging model with a tiered global pricing system and high-resolution SkySat data, a first for a university program in the satellite data industry.

Planet Scales Education and Research Program

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today successfully launched 36 SuperDove satellites, its Flock 4y, to space aboard a SpaceX Falcon 9 rocket. The Planet team has established contact with all 36 SuperDoves and has kicked off their automated commissioning process. This marks the company's 32nd successful launch, totaling over 500 satellites launched since its founding.

36 Planet SuperDoves Successfully Launch on SpaceX's Falcon 9 Rocket

Planet Labs announced that it plans to launch 36 of its SuperDove satellites, Flock 4y, on a SpaceX Falcon 9 rocket. These are the details.

Planet Labs Launching 36 SuperDove Satellites With SpaceX (PL)

SAN FRANCISCO--( BUSINESS WIRE )--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Ashley Johnson, CFO and COO at Planet, will present at the 25th Annual Needham Growth Conference on January 10th, 2023, at 3 p.m. Eastern Time in New York City. The “fireside chat” will be moderated by Ryan Koontz, Managing Director at Needham & Company, LLC.

Planet to Present at Needham 25th Annual Growth Conference on January 10th, 2023

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Planet Labs PBC (NYSE:PL ) Q3 2023 Earnings Conference Call December 14, 2022 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 Michael Latimore - Northland Edison Yu - Deutsche Bank Josh Sullivan - The Benchmark Company Jeff Van Rhee - Craig-Hallum Greg Mesniaeff - WestPark Capital Harry Wilmerding - Needham & Company Ken Mestemacher - Edison Investment Research Noah Poponak - Goldman Sachs Operator Good afternoon. Thank you for attending the Planet Labs PBC Third Quarter of Fiscal 2023 Earnings Call.

Planet Labs PBC (PL) Q3 2023 Earnings Call Transcript

Planet delivered record results for the third quarter and forecast nearly $200 million in annual revenue.

Satellite imagery venture Planet delivers record quarter, sees annual revenue nearing $200 million

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 third quarter for the period ended October 31, 2022, demonstrating continued growth and momentum of its unique data subscription business.

Planet Reports Financial Results for Third Quarter of Fiscal Year 2023

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Earnings Previews: Jabil, Lennar, Planet Labs, Trip.com

News for Planet Labs Stock (PL)