Business Combination and Listing - Planet completed its business combination with dMY Technology Group IV and listed on the NYSE, raising over $590 million in gross proceeds[6, 21] - The SPAC trust contributed $338 million, complemented by a $252 million upsized PIPE, with less than 2% redemption from SPAC cash in trust[6] Financial Performance - Planet reported Q3 FY2022 revenue of $31.7 million[20] - The company reiterated its full-year outlook of approximately $130 million for FY2022[20] - Recurring Annual Contract Value (ACV) represents 94% of revenue, derived from predictable subscription and usage-based models[26] - The company achieved sales pipeline growth of +46% year-over-year for the third quarter of FY22[26] - The company's Non-GAAP Gross Margin % increased from (6%) in FY20 to 37% in YTD Q3 FY22, a 43 percentage point expansion[31, 38] Growth and Strategy - Planet is positioned at the center of two multi-trillion dollar global economic shifts: Digital Transformation ($100 trillion cumulative value by 2025) and Sustainability Transformation ($53 trillion global ESG assets by 2025)[12] - The company is expanding into "Planetary Variables" to make Earth data more accessible[13, 14] - Planet is investing in Sales & Marketing and Software Engineering to scale in established verticals and expand into new markets, with M&A as a potential accelerant[35] - The company's Expected FY2022 Net Dollar Retention Rate (NDRR) including Winbacks is +110%[29]

Financial Data and Key Metrics Changes - The company reported a record revenue of $31.7 million for Q3 2022, representing a 16% year-over-year growth [13][43] - The customer count increased to 742, reflecting a 32% year-over-year growth [13][44] - The sales pipeline grew by 46% year-over-year, indicating strong market demand [14][46] - Non-GAAP gross margins expanded to 35% compared to 28% in Q3 of fiscal 2021 [50] - The adjusted EBITDA loss for Q3 was $12.3 million, with expectations of a full-year EBITDA loss between $39 million and $41 million [54][57] Business Line Data and Key Metrics Changes - The company emphasized its unique data offerings, including a fleet of approximately 180 scanning Doves and 21 high-resolution SkySats, which cover over 300 million square kilometers daily [16][17] - Significant customer wins included partnerships with FEMA for disaster response data and contract extensions with the U.S. National Reconnaissance Office [19][20] Market Data and Key Metrics Changes - The company noted a significant uptick in interest from civil government sectors, particularly in land use and water monitoring [74] - The agriculture vertical saw expansions with existing customers, indicating strong demand for data to improve crop yields and efficiency [24][68] Company Strategy and Development Direction - The company plans to invest in expanding its sales force and marketing efforts to capture market opportunities [46][54] - A focus on software development to enhance analytics capabilities and democratize access to geospatial data was highlighted [30][31] - The acquisition of VanderSat aims to enhance offerings in agriculture and other verticals, bridging complex remote sensing science to practical applications [32][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing significant momentum in commercial business and sustainability trends as tailwinds [41][42] - The company aims to leverage its unique data capabilities to address global challenges, particularly in sustainability and environmental monitoring [35][38] Other Important Information - The company completed a merger with dMY Technology Group, raising over $519 million in gross proceeds [10][11] - The company operates as a Public Benefit Corporation, emphasizing its commitment to sustainability and social responsibility [39][40] Q&A Session Summary Question: Sales cycles and close rates trends - Management indicated that sales cycles and close rates are in line with prior periods, with some geographies showing improvement [65] Question: Dynamics behind agricultural vertical expansions - The primary driver for expansions is geographic growth where there is a clear product-market fit, along with demand for value-added services [68] Question: Confirmation of sales headcount hiring - The company confirmed that the number of sales representatives continues to grow quarter-over-quarter, with strong candidates being attracted to the mission [69] Question: Pipeline growth across key target markets - Management noted that pipeline growth is broad-based, with significant interest in civil government applications [74] Question: Revenue guidance for Q4 and impact of usage revenue unpredictability - The guidance for Q4 was adjusted due to unpredictability in usage revenue, with expectations of more predictable revenue recognition in the future [76] Question: Impact of VanderSat acquisition on Q4 EBITDA - There were shifts between OpEx and CapEx related to the Pelican fleet, but overall spending remains consistent with previous guidance [77] Question: Usage versus subscription revenue mix for new verticals - The company is shifting towards more predictable subscription-like revenue structures, moving away from pure consumption contracts [82] Question: Exciting markets for investment - Management indicated that most growth will come from existing markets, with significant opportunities in agriculture, civil government, and defense intelligence mapping [84]

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR DMY TECHNOLOGY GROUP, INC. IV (Exact name of registrant as specified in its charter) Delaware 001-40166 85-2992192 (State or other ju ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to DMY TECHNOLOGY GROUP, INC. IV (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or orga ...

PART I. FINANCIAL INFORMATION This section presents the unaudited condensed financial statements and management's analysis of the company's financial condition and operations [Item 1. Condensed Financial Statements](index=4&type=section&id=Item%201.%20Condensed%20Financial%20Statements) This section presents the company's unaudited condensed financial statements, including balance sheets, statements of operations, and cash flows, along with explanatory notes [Condensed Balance Sheets](index=4&type=section&id=Condensed%20Balance%20Sheets) The balance sheet as of March 31, 2021, shows total assets of $346.5 million, primarily trust investments, and total liabilities of $47.2 million Condensed Balance Sheet Data (Unaudited) | | March 31, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $858,767 | $— | | Investment held in Trust Account | $345,051,009 | $— | | **Total Assets** | **$346,518,868** | **$85,750** | | **Liabilities** | | | | Total current liabilities | $435,287 | $62,150 | | Deferred underwriting commissions | $12,075,000 | $— | | Derivative warrant liabilities | $34,679,665 | $— | | **Total Liabilities** | **$47,189,952** | **$62,150** | | **Stockholders' Equity** | | | | Class A common stock subject to possible redemption | $294,328,910 | $— | | Total stockholders' equity | $5,000,006 | $23,600 | [Unaudited Condensed Statement of Operations](index=5&type=section&id=Unaudited%20Condensed%20Statement%20of%20Operations) The statement of operations for the three months ended March 31, 2021, reports a net loss of $14.5 million, mainly due to warrant-related charges Statement of Operations Highlights (For the three months ended March 31, 2021) | Metric | Amount | | :--- | :--- | | Loss from operations | $(322,918) | | Loss upon issuance of private placement warrants | $(14,062,000) | | Change in fair value of derivative warrant liabilities | $495,335 | | **Net loss** | **$(14,549,315)** | [Unaudited Condensed Statement of Cash Flows](index=7&type=section&id=Unaudited%20Condensed%20Statement%20of%20Cash%20Flows) The cash flow statement for the three months ended March 31, 2021, shows a net increase in cash of $858,767, driven by IPO proceeds and trust account investments Cash Flow Summary (For the three months ended March 31, 2021) | Activity | Net Cash Flow | | :--- | :--- | | Net cash used in operating activities | $(261,333) | | Net cash used in investing activities | $(345,000,000) | | Net cash provided by financing activities | $346,120,100 | | **Net increase in cash** | **$858,767** | [Notes to Unaudited Condensed Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Financial%20Statements) The notes provide details on the company's blank check nature, IPO proceeds, key accounting policies for warrants and equity, and related party transactions - The company is a blank check company formed to effect a business combination and has **24 months** from its March 9, 2021 IPO to do so[21](index=21&type=chunk)[33](index=33&type=chunk) - The company consummated its IPO of **34,500,000 units at $10.00 per unit**, generating gross proceeds of **$345.0 million**[23](index=23&type=chunk)[70](index=70&type=chunk) - The company identified a misstatement in its initial accounting for warrants, reclassifying them from equity to derivative liabilities, with the impact deemed immaterial[42](index=42&type=chunk) - The fair value of derivative warrant liabilities was determined using **Level 3 inputs** (Black-Scholes and Monte Carlo simulation models)[102](index=102&type=chunk)[107](index=107&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's post-IPO status, financial condition, and results of operations, highlighting a net loss, going concern risk, and critical accounting policies - The company is a blank check company formed to effect a business combination, with a **24-month period** from March 9, 2021, to complete a transaction[113](index=113&type=chunk)[117](index=117&type=chunk) - For the three months ended March 31, 2021, the company had a net loss of approximately **$14.5 million**, mainly from warrant-related expenses[125](index=125&type=chunk) - Management believes the company will not have sufficient working capital to meet its needs through the earlier of a business combination or one year from the filing, raising **going concern considerations**[119](index=119&type=chunk)[122](index=122&type=chunk) - Critical accounting policies include classifying warrants as **derivative liabilities** and Class A common stock subject to redemption as **temporary equity**[134](index=134&type=chunk)[135](index=135&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=25&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, the company is not required to provide quantitative and qualitative disclosures about market risk - As a smaller reporting company defined by Rule 12b-2 of the Exchange Act, the company is not required to provide quantitative and qualitative disclosures about market risk[144](index=144&type=chunk) [Item 4. Controls and Procedures](index=25&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were ineffective due to a material weakness in internal control over financial reporting related to warrant accounting - Management concluded that disclosure controls and procedures were **not effective** as of March 31, 2021[145](index=145&type=chunk) - The ineffectiveness was attributed to a **material weakness in internal control over financial reporting**, stemming from the change in accounting treatment for the company's warrants[145](index=145&type=chunk) PART II. OTHER INFORMATION This section provides other information, including legal proceedings, risk factors, equity sales, and exhibits [Item 1. Legal Proceedings](index=25&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings - There are no legal proceedings to report[148](index=148&type=chunk) [Item 1A. Risk Factors](index=25&type=section&id=Item%201A.%20Risk%20Factors) A material risk factor is the accounting treatment of warrants as derivative liabilities, which may cause financial volatility and impact business combination efforts - A key risk is the accounting of warrants as liabilities, which requires re-measurement at fair value each period, potentially causing **material fluctuations in financial results**[151](index=151&type=chunk)[152](index=152&type=chunk) - This accounting treatment may have an adverse effect on the market price of the company's shares and could make it more difficult to find a target business for a combination[152](index=152&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities](index=26&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds%20from%20Registered%20Securities) This section details the unregistered sale of Founder Shares and confirms the use of IPO proceeds, with $345.0 million placed in the Trust Account - The Sponsor purchased **7,187,500 Class B common shares for $25,000**, which became **8,625,000 shares** after a stock split[153](index=153&type=chunk) - From the IPO and Private Placement, **$345.0 million** was placed in the Trust Account[155](index=155&type=chunk) [Item 3. Defaults Upon Senior Securities](index=26&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[157](index=157&type=chunk) [Item 4. Mine Safety Disclosures](index=26&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[158](index=158&type=chunk) [Item 5. Other Information](index=26&type=section&id=Item%205.%20Other%20Information) The company reported no other information - None[159](index=159&type=chunk) [Item 6. Exhibits](index=26&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the SEC, including officer certifications and XBRL data files - Exhibits filed include certifications from the Principal Executive Officer and Principal Financial Officer, as well as XBRL data files[161](index=161&type=chunk)