San Francisco, CA – March 28, 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 January 31, 2024. "Planet delivered a solid fourth quarter to cap off the year. We saw strong demand in the government sector and an evolution toward selling solutions alongside our data, enabled by the revolution happening in AI. We are prioritizing investment behind these trends to capture the opportun ...

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced improvements to its Crop Biomass Planetary Variable, including the integration of its daily, global PlanetScope data. Crop Biomass is a cloud-free, analysis-ready data product for monitoring agricultural fields that combines radar and optical signals to help agronomists and farmers better understand the status of their operations. Crop biomass in agricultural fields is hi ...

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the release of Field Boundaries, the latest add in their suite of advanced data feeds called Planetary Variables. Field Boundaries will provide critical infrastructure for agriculture solutions, including regional crop monitoring and yield estimation over broad areas, serving customers in civil government, commercial agriculture, finance, and consumer packaged goods industri ...

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced its fully owned subsidiary, Planet Labs Federal Inc., was awarded a seven-figure contract by the Naval Information Warfare Center (NIWC) Pacific for vessel detection and monitoring over key areas of interest throughout the Pacific. The project will integrate both Planet’s daily, global PlanetScope data and high-resolution SkySat data into the Department of Transportation’s S ...

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 2024 financial results for the year that ended January 31, 2024, after market close on Thursday, March 28, 2024. 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 invites you to listen to the conference call, ...

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that their PlanetScope satellite data is now available on Google Cloud Marketplace through the listing: PlanetScope on Google Cloud Marketplace. Through this integration, Planet, a “Google Cloud Ready Sustainability Partner,” aims to bring a new level of collaboration and convenience to users. Leveraging the scalability and reliability of Google Cloud, customers can analy ...

Penny space stocks have become remarkably increasingly prominent, mirroring the expanding horizon of space exploration itself. This burgeoning interest is fueled by Elon Musk and Jeff Bezos, who’ve gone all-in to transform what was once science fiction effectively into a tangible reality. This surge in interest positions space investments as a compelling choice for those looking to venture beyond traditional markets and take advantage of the risk-on environment in the stock market.The growth trajectory for ...

NicoElNino Investment Overview My overall take for Planet Labs (NYSE:PL) is a buy rating, as I expect growth to reaccelerate and valuation to rerate higher. Using consensus estimates, I have a price target of $3.31 for PL. The core assumption I made is that the growth runway for PL is long, supported by strong secular tailwinds in the agriculture and defense industries. While growth has slowed in the near term, I believe it was mainly due to the weak macro environment. As we go into CY2024, where the econom ...

Use of Non-GAAP Financial Measures This presentation includes Non-GAAP Gross Profit, Non-GAAP Gross Margin, and Adjusted EBITDA, which are non-GAAP performance measures that the Company uses to supplement its results presented in accordance with U.S. GAAP. The Company believes these non-GAAP financial measures are useful in evaluating its operating performance, as they are similar to measures reported by the Company's public competitors and are regularly used by analysts, institutional investors, and other ...

Company Participants Chris Genualdi - VP, IR Ashley Fieglein Johnson - Chief Financial and Operating Officer Jason Gursky - Citigroup Michael Latimore - Northland Noah Poponak - Goldman Sachs Hello, everyone. Thank you for attending today's Planet Labs PBC Third Quarter of Fiscal 2024 Earnings Call. My name is Sierra and I'll be your moderator today. All lines will be muted during the presentation portion of the call, with an opportunity for questions-and-answers at the end. [Operator Instructions] Chris Ge ...