Investors might want to bet on Planet Labs PBC (PL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indivi ...

Customer Growth and Retention - As of October 31, 2024, Planet's End of Period Customer Count reached 1,015, representing a 4% year-over-year growth compared to October 31, 2023[116] - Planet's Net Dollar Retention Rate remained stable at 104% for both the nine months ended October 31, 2024, and 2023, primarily due to the expansion of a large international contract[136] - Net Dollar Retention Rate including winbacks remained flat at 105% for both the nine months ended October 31, 2024, and 2023, primarily due to expansion with a large international contract[137] - EoP Customer Count increased to 1,015 as of October 31, 2024, compared to 976 as of October 31, 2023, driven by increased demand for data[139] - EoP Customer Count rose approximately 4% to 1,015 as of October 31, 2024, from 976 as of October 31, 2023, driven by growth in the Civil Government and Defense and Intelligence Verticals[156] Financial Performance - Revenue for the three months ended October 31, 2024, was $61,266,000, an 11% increase from $55,380,000 for the same period in 2023[154] - Revenue increased by $5.9 million, or 11%, to $61.3 million for the three months ended October 31, 2024, compared to $55.4 million for the same period in 2023[156] - Revenue for the nine months ended October 31, 2024, increased by $21.0 million, or 13%, to $182.8 million compared to $161.8 million for the same period in 2023[166] - Net loss for the three months ended October 31, 2024, was $(20,081,000), a 47% improvement compared to $(38,004,000) for the same period in 2023[154] - The company incurred a net loss of $88,042 thousand for the nine months ended October 31, 2024, compared to a net loss of $110,423 thousand for the same period in 2023[178] Expenses and Cost Management - Total operating expenses decreased to $60,125,000 for the three months ended October 31, 2024, down 19% from $73,888,000 for the same period in 2023[154] - Research and development expenses decreased to $25,216,000 for the three months ended October 31, 2024, down 24% from $33,002,000 for the same period in 2023[154] - Sales and marketing expenses decreased to $16,795,000 for the three months ended October 31, 2024, down 19% from $20,774,000 for the same period in 2023[154] - General and administrative expenses decreased by $2.0 million, or 10%, to $18.1 million for the three months ended October 31, 2024, from $20.1 million for the same period in 2023[161] - Research and development expenses decreased by $9.9 million, or 11%, to $78.1 million for the nine months ended October 31, 2024, from $87.9 million for the same period in 2023[168] Investment and Capital Expenditures - Capital Expenditures as a Percentage of Revenue decreased to 14% for the three months ended October 31, 2024, from 16% for the same period in 2023, due to increased revenue from Civil Government and Defense[142] - The company expects capital expenditures and working capital requirements to continue to increase as it seeks to grow its business[181] Cash Flow and Liquidity - Net cash used in operating activities for the nine months ended October 31, 2024, was $8,079 thousand, an improvement from $43,874 thousand in the same period of 2023[183] - Cash and cash equivalents as of October 31, 2024, were $139.0 million, up from $83.9 million as of January 31, 2024[181] - Short-term investments as of October 31, 2024, were $103.3 million, down from $215.0 million as of January 31, 2024[181] - Net cash provided by investing activities for the nine months ended October 31, 2024, was $162.3 million from sales of available-for-sale securities and $57.0 million from maturities, offset by $105.6 million in purchases of available-for-sale securities[186] - Net cash used in financing activities for the nine months ended October 31, 2024, included $8.8 million for contingent consideration payments related to business acquisitions, primarily for the Sinergise acquisition[187] Strategic Initiatives - Planet aims to invest in sales, marketing, and software solutions to expand within existing verticals such as civil government, agriculture, and defense[119] - The company is focusing on expanding into new verticals and applications, targeting sectors like energy, infrastructure, finance, and consumer packaged goods[120] - Planet plans to continue developing new sensors and data sets to capture additional valuable data for its customers[129] - The company is enhancing its platform ecosystem to facilitate easier integration of its data and analytics into customer workflows[122] - Planet's strategy includes making its data more accessible to non-geospatial experts, which is expected to increase usage across broader audiences[125] - The company anticipates that its research and development expenditures will generally increase over time as it invests in making its data more digestible and accessible[125] Market Risks and Accounting Policies - The company has identified critical accounting policies related to revenue recognition, stock-based compensation, and business combinations, which are essential for understanding its financial results[188] - The company remains exposed to market risks including foreign currency exchange risk, interest rate risk, and inflation risk, with no material changes since January 31, 2024[191]

Lately, it feels like micro to mid-cap tech companies are taking off, pulling off insane one-month gains of 50% or more as we close out 2024. I’ve already covered a few big movers like VUZI (+121%), KINS (+53%),The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering the Seeking Alpha investor compell ...

Planet Labs (PL -0.70%) stock slipped 3% through 9:50 a.m. ET Wednesday on what investors would ordinarily consider good news: another contract announcement.Planet revealed today that it has "expanded" a relationship with the Antinarcotics Directorate of the Colombian National Police (DIRAN), whereby the latter uses images from Planet Labs' Earth observation satellites to detect and help eradicate "illicit crop growth and harvest" (i.e. drug crops).More uses for Planet Labs' satellitesPlanet's satellites ca ...

Earth observation satellite operator Planet Labs (PL 9.16%) soared 8% in a single day last month, after announcing a "six-figure deal" to help non-governmental organization (NGO) Global Fishing Watch monitor fishing vessels across the... well, the globe, actually. On Monday morning, the stock is up barely half as much -- 4.5% through 10:05 a.m. ET -- after announcing an analogous data deal that could be 10 times as big.So why aren't investors more excited?Growing revenue at Planet LabsThis morning, Planet c ...

Planet Labs (PL 7.64%) operates the largest constellation of Earth observation satellites in the world. On Thursday, it's also looking like one of the biggest gainers among space stocks, gaining 8.6% through 11:30 a.m. ET.That's curious, because the latest bit of news out of Planet Labs initially received the opposite reaction from investors. When the company announced yesterday that it had won a "six-figure deal" to help Global Fishing Watch "map small vessel activity across millions of square kilometers o ...

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 ...

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 ...