A French contract is keeping Planet Labs stock moving in the right direction.After jumping 14% in sympathy with a powerful earnings report from Rocket Lab (RKLB -4.28%) yesterday, shares of fellow space stock Planet Labs (PL 4.00%) maintained its upward momentum in early-Thursday trading, rising another 3.2% through 11:35 a.m. ET.Strange as it may sound, if you own Planet Labs stock, you have France to thank for that.Planet Labs' new contractThis morning, Planet announced an "expansion" of its relationship ...

Planet Labs won a big NASA contract. (Hooray!) But it's not big enough to move the needle for Planet Labs stock. (Boo!) Planet Labs (PL 7.58%) stock rocketed 7.6% through 10:25 a.m. ET Monday. The small-cap space stock announced this morning that it has been "selected" to participate in NASA's "Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract" to "provide commercial data in support of the agency's Earth science research" in a contract worth up to $476 million. What NASA w ...

janiecbros l've been looking a lot at companies who make their revenues (or at least plan to) through operations in space. I'm not sure why so many of those have been coming up on my radar lately, but the Q2 earnings release of Planet Labs PBC (NYSE:PL) has me looking at them closely, especially after they dropped in price significatily on revised Q3 guidance. YAL Planet Labs PBC (PL) Price 2.80 2.40 2.00 1.60 Aug 20 Aug 22 Aug 24 Aug 26 Aug 28 Aug 30 Sep 1 Sep 3 Sep 5 Seeking AlphaQ Sep 6, 2024, 7:39 PM ED ...

Planet Labs stock remains far from fulfilling its pre-IPO promises of 2021. Another day, another poor performance from Planet Labs (PL -21.98%). Last night, the space stock that operates the world's largest constellation of Earth observation satellites announced financial results for its fiscal second quarter of 2025 -- and the news wasn't great. Planet Labs said it lost $0.06 per share in the quarter, on sales of $61.1 million. And granted, these results were basically in line with what analysts had predic ...

Planet Labs PBC PL reported worse-than-expected second-quarter sales results on Thursday. Planet Labs reported quarterly losses of six cents per share, which met the analyst consensus estimate. Quarterly revenue of $61.09 million missed the analyst consensus estimate by 1.17% and represents a 13.64% increase over the same period last year. "During the second quarter, we saw continued strength with government customers, especially in the Defense & Intelligence sector where revenue grew over 30% year-over-yea ...

Financial Data and Key Metrics - Revenue for Q2 FY2025 reached a record $61.1 million, representing 14% YoY growth, driven by strong performance in the government sector [7] - Non-GAAP gross margin for the quarter was 58%, and adjusted EBITDA loss was $4.4 million, both in-line or better than previous guidance [7] - The company achieved its fifth sequential quarter of improvement in adjusted EBITDA, moving closer to its target of adjusted EBITDA profitability by Q4 FY2025 [8] - EMEA revenue grew over 20% YoY, Asia-Pacific grew over 40% YoY, and Latin America grew over 30% YoY, while North America saw modest growth [27] - The company ended Q2 with $249 million in cash, cash equivalents, and short-term investments, with no debt outstanding [31] Business Line Performance - Defense & Intelligence sector revenue grew over 30% YoY, with key wins including a deal with NATO and a seven-figure deal with an international defense customer [11][12][13] - Civil Government sector revenue grew over 20% YoY, with notable use cases in Bahrain, Bolivia, and Colombia [14][15] - The Commercial sector faced macroeconomic and agriculture-specific headwinds, but the company is focusing on its Insights Platform to drive long-term growth [16][17] Market Performance - The company saw strong growth in international markets, particularly in Latin America and Asia-Pacific, driven by demand for sustainability initiatives and civil government use cases [27][82][84] - North America experienced modest growth, with solid performance in Defense & Intelligence offset by challenges in the Commercial sector [27] Strategic Direction and Industry Competition - The company implemented organizational changes, including a 17% headcount reduction, to improve operational efficiency and align resources with market opportunities [9][10] - The new industry-aligned operating model is expected to support sustainable long-term growth and profitability [10][26] - The company launched its first Tanager satellite and 36 SuperDoves, marking progress in its hyperspectral and Earth imaging capabilities [8][18] - The Pelican-2 satellite, expected to ship soon, will offer improved resolution and edge compute capabilities, potentially reducing time-to-value for customers [19][20] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong demand in the government sector, fueled by heightened security needs, sustainability requirements, and global climate risks [21] - The company remains optimistic about the long-term potential of the Commercial sector, particularly in agriculture, despite current headwinds [16][48] - Management expects to achieve adjusted EBITDA profitability by Q4 FY2025 and is focused on maintaining a healthy balance sheet [30][71] Other Important Information - The company's end-of-period customer count was 1,012, with 96% of ACV coming from recurring contracts and over 90% from annual or multi-year contracts [28] - Net dollar retention rate was 99% at the end of Q2, with winbacks bringing it to 100% [28] - The company incurred $10.5 million in one-time restructuring charges during the quarter [30] Q&A Session Summary Question: North America revenue decline and RPO fluctuations [38] - The decline in North America revenue was primarily due to headwinds in the Commercial sector, while RPO fluctuations were attributed to the timing of large government contract renewals [39] Question: Gross margin improvement drivers [40] - Gross margin improvement was driven by efficiencies in cloud infrastructure, mix of business, and the one-to-many model for data deals [40][41] Question: Gross margin baseline going forward [44] - Management expects gross margins to remain in the 59%-61% range, though fluctuations may occur depending on the mix of business and partner costs [44] Question: Update on pilots and AI integration [45][46] - The company has conducted several pilots with AI on PlanetScope data and expects more later in the year, with progress towards operationalizing these capabilities [46] Question: Agriculture sector outlook [47][48] - Management remains optimistic about the long-term potential of the agriculture sector, with customers like BASF leading the transition to new business models [48] Question: NATO contract details and opportunity size [51][52] - The NATO contract is an introductory deal with significant potential, as governments have committed up to $1 billion over five years for the APSS program [52] Question: Tanager satellite early contributions and future launches [53][54] - The Tanager satellite is in the commissioning phase, with potential use cases in carbon monitoring, oil and gas, agriculture, and mining [54] Question: NGA's AI labeling contract opportunity [55][56] - The company does not focus on data labeling but sees opportunities in combining foundation models with its datasets for threat detection [56] Question: Go-to-market changes and leadership focus [58][59] - The new go-to-market structure focuses on aligning sales and product teams to accelerate growth in key verticals, with leaders driving renewals and expansions [59][61] Question: Guidance and large government contract timing [62][63] - The company faces challenges in predicting the timing and size of large government contracts, which impacts full-year guidance [64][65] Question: US government pilots and cash flow breakeven [67][68][69] - The US government pilots focus on using AI for threat detection, with revenue potential expected to ramp over multiple quarters [68][70] - The company is focused on achieving EBITDA profitability and managing CapEx to reach cash flow breakeven without raising additional capital [71] Question: RIF impact on OpEx and partner revenue [73][74] - The RIF resulted in $35 million in annual savings, primarily in salary and payroll, with some offset from reduced contra R&D expenses and seasonality in other costs [73][74] Question: Pelican program timeline and commercial viability [76] - Pelican-2 is an R&D satellite with potential to become operational, with future deployments aimed at improving resolution, capacity, and time-to-value for customers [76] Question: International growth drivers and backlog trends [82][83][85] - International growth is driven by large defense and civil government deals, with strong product-market fit in regions focused on sustainability [82][84] - Backlog fluctuations are due to timing of renewals and multi-year contracts, not indicative of competitive pressures [85] Question: Pelican fleet size and technology iteration [86][87] - The Pelican fleet size is flexible, with up to 32 satellites planned, and the company continues to iterate on technology, including AI edge compute capabilities [86][87]

FISCAL 2Q'25 planet. UPDATE September 5, 2024 OLYMPIC RINGS, EIFFEL TOWER, PARIS, FRANCE August 11, 2024 • SkySat Disclaimers All references to "Planet" or the "Company" in this presentation are references to Planet Labs PBC (NYSE: PL). Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to fu ...

Planet Labs PBC (PL) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.05, delivering a surprise of 37.50%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Planet Labs PBC, which belongs to the Z ...

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 July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. Commission file number 001-40166 Planet Labs PBC (Exact name of registrant as specified in its charter) D ...

Exhibit 99.1 Planet Reports Financial Results for Second Quarter of Fiscal Year 2025 Delivers Record Quarterly Revenue of $61.1 Million, up 14% Year-over-Year Expands GAAP Gross Margin to 53% and Non-GAAP Gross Margin to 58% Launched 36 SuperDove Satellites and First Tanager Hyperspectral Satellite San Francisco, CA – September 5, 2024 – Planet Labs PBC (NYSE: PL) ("Planet" or the "Company"), a leading provider of daily data and insights about Earth, today announced financial results for the period ended Ju ...