Planet Labs PBC(PL)

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Planet Labs PBC(PL) - 2024 Q2 - Earnings Call Transcript
2023-09-08 00:37
Planet Labs PBC (NYSE:PL) Q2 2024 Earnings Conference Call September 7, 2023 5:00 PM ET Company Participants Chris Genualdi - Vice President of Investor Relations Will Marshall - Chief Executive Officer, Chairperson and Co-Founder Ashley Fieglein Johnson - Chief Financial and Operating Officer Conference Call Participants Michael Latimore - Northland Jason Gursky - Citigroup Trevor Walsh - JMP Securities Jeff Van Rhee - Craig-Hallum Ryan Koontz - Needham & Company Greg Mesniaeff - WestPark Capital Operator ...
Planet Labs PBC(PL) - 2024 Q2 - Earnings Call Presentation
2023-09-07 21:19
FISCAL 2Q'24 UPDATE September 7, 2023 WOMEN'S WORLD CUP • SYDNEY, AUSTRALIA July 10, 2023 • 50cm SkySat planet. Disclaimers 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 future events or the future financial or operating performance of Planet Labs PBC ("Planet," the "Company," "we," " ...
Planet Labs PBC(PL) - 2024 Q2 - Quarterly Report
2023-09-06 16:00
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, 2023 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) ...
Planet Labs PBC(PL) - 2024 Q1 - Earnings Call Transcript
2023-06-09 02:59
Planet Labs PBC (NYSE:PL) Q1 2024 Earnings Call Transcript June 8, 2023 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 Ryan Koontz - Needham & Company Trevor Walsh - JMP Jason Gursky - Citigroup Mike Latimore - Northland Capital Markets Jeff Van Rhee - Craig-Hallum Edison Yu - Deutsche Bank Greg Mesniaeff - WestPark Josh Sullivan - The Benchmark Company Operator Good aft ...
Planet Labs PBC(PL) - 2024 Q1 - Earnings Call Presentation
2023-06-08 21:17
New Partnership UAE Space Agency for Climate Change Resilience Inaugural Report Planet Labs PBC ESG Report Inaugural ESG Report Partnering to Measure Biodiversity Mapping Blue Carbon with The Nature Conservancy Planet recently signed a seven-figure, multi-year contract with Bolivia's Institute of National Agrarian Reform, or INRA, who is using PlanetScope and SkySat to map the country and monitor for good stewardship of public lands and titling enforcement. as and 1990 p UNESCO recently announced their list ...
Planet Labs PBC(PL) - 2024 Q1 - Quarterly Report
2023-06-08 16:00
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 April 30, 2023 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 ...
Planet Labs PBC(PL) - 2023 Q4 - Earnings Call Transcript
2023-03-30 02:28
Planet Labs PBC (NYSE:PL) Q4 2023 Earnings Conference Call March 29, 2023 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 Kevin Weil - President, Product & Business Conference Call Participants Michael Latimore - Northland Capital Markets Ryan Koontz - Needham & Company Jeff Van Rhee - Craig-Hallum Noah Poponak - Goldman Sachs Edison Yu - Deutsche Bank Katherine Knop - B. Riley Financial Operator Goo ...
Planet Labs PBC(PL) - 2023 Q4 - Earnings Call Presentation
2023-03-29 22:09
March 29, 2023 This presentation includes Non-GAAP Gross Profit, Non-GAAP Gross Margin, which is derived from Non-GAAP Gross Profit, 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, institutio ...
Planet Labs PBC(PL) - 2023 Q4 - Annual Report
2023-03-29 16:00
Financial Performance - The company reported net losses of $162.0 million, $137.1 million, and $127.1 million for the fiscal years ended January 31, 2023, 2022, and 2021, respectively, with an accumulated deficit of $939.3 million as of January 31, 2023[109]. - The company has not achieved profitability and may not generate sufficient revenue to sustain growth or achieve profitability in future periods[108]. - The company has experienced net losses and negative cash flows from operations, raising concerns about future capital needs and financing[191]. - The company anticipates that cash and cash equivalents will be sufficient for at least twelve months, but future capital expenditures may differ from expectations[191]. Revenue Generation - The company relies heavily on licensing agreements for revenue, which are typically structured as annual or multi-year contracts, with revenue primarily generated from digital imagery and related data[111]. - A portion of the company's revenue is generated from agreements with the U.S. government, and disruptions in federal government operations could materially affect revenues and earnings[161]. - The company derives revenue primarily from licensing agreements, and failure of customers to pay could adversely affect its financial condition[300]. Operating Expenses and Investments - The company anticipates substantial increases in operating expenses in the foreseeable future, which may hinder its ability to achieve or sustain profitability[109]. - The company is investing significantly in developing its platform, launching additional satellites, and expanding its data analytics capabilities, which may incur substantial costs[109]. Market Competition and Risks - The company faces increasing competition from both commercial entities and governments, which could adversely affect its market share and financial condition[117]. - The company may face challenges in converting interest in its analytics products into sales, as the market for such products continues to evolve[112]. - The company faces risks related to macroeconomic conditions, including potential recessions and fluctuations in exchange rates, which could materially affect financial results[170]. Regulatory and Compliance Issues - The company operates in a highly regulated industry, and compliance with governmental laws and regulations is crucial for its operational success[110]. - The company is subject to numerous federal, state, local, and foreign laws regarding privacy and data protection, which may change and create compliance challenges[147]. - The company must comply with FCC regulations for satellite operations, and failure to renew licenses could adversely impact revenue generation[226]. Cybersecurity and Data Risks - Cybersecurity threats pose significant risks, including potential breaches that could harm the company's reputation and lead to financial liabilities[127]. - The company relies on third-party service providers for data storage and processing, which increases vulnerability to data breaches and security incidents[128]. Satellite Operations and Development - The company has identified risks related to the successful production, launch, and operation of its satellites, which are critical for its business operations[109]. - The company is developing next-generation satellites, including the Pelican and Tanager fleets, but faces uncertainties regarding completion timelines and costs[143]. - The company's ability to grow depends on the successful launch and operation of its satellites, which involves complex and uncertain processes[143]. Customer Concentration and Sales Challenges - One customer accounted for 15% of revenue for the fiscal year ended January 31, 2023, indicating significant customer concentration risk[189]. - The sales cycle for new customers has lengthened since the pandemic began, potentially delaying revenue generation[179]. - Sales to large enterprises and governmental entities involve complex procurement processes and longer sales cycles, which may negatively impact revenue forecasting and operational results[158]. Human Resources and Talent Management - The company faces challenges in attracting and retaining qualified personnel due to competition, particularly in the San Francisco Bay Area[183]. - The company must attract and retain experienced sales personnel to successfully sell its platform to large organizations, facing increased competition and pricing pressure in government contracts[159]. Environmental and Climate Risks - Climate change poses risks to the company's operations, potentially increasing the frequency of catastrophic events that could disrupt business[141]. - The company may incur substantial costs to mitigate climate-related risks, which could adversely affect financial performance[141]. Legal and Governance Issues - The company may be subject to litigation and stockholder activism, which could disrupt operations and affect long-term growth[207]. - The company is required to maintain effective internal controls over financial reporting, and any material weaknesses could lead to misstatements in financial reports[289]. Stock and Investment Considerations - The price of the company's Class A common stock may be volatile due to various factors, including industry changes and operating performance[246]. - The company does not intend to pay cash dividends for the foreseeable future, focusing on business development and expansion[254].
Planet Labs PBC(PL) - 2023 Q3 - Earnings Call Transcript
2022-12-15 01:23
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 Popona ...