Welcome to our dedicated page for Planet Labs PBC news (Ticker: PL), a resource for investors and traders seeking the latest updates and insights on Planet Labs PBC stock.
Planet Labs PBC (PL) is a leading Earth-imaging company, specializing in providing high-resolution satellite data. Founded in 2010 by a team of former NASA scientists, the company’s mission is to image the entire Earth every day and make these changes visible, accessible, and actionable.
Starting as a small group of physicists, aerospace, and mechanical engineers working from a garage, Planet Labs pioneered the use of the CubeSat form factor. Their first designs led to the creation of the Dove satellite. Within just three years of launching their first satellite, Planet Labs now operates the largest constellation of Earth-imaging satellites ever deployed.
The company's fleet of satellites collects a radical new data set with endless real-world applications. Whether it’s measuring agricultural yields, monitoring natural resources, or aiding first responders during natural disasters, Planet Labs' data provides crucial support to businesses and humanitarian organizations alike.
Planet Labs is committed to empowering informed, deliberate, and meaningful stewardship of our planet through timely, global imagery. Their innovative satellite technology offers daily insights that aid in understanding the physical world and taking action based on those insights.
Recent achievements include expanding their satellite constellation, forming strategic partnerships with key industry players, and continually improving their data services. The company's innovative approach and robust satellite network enable it to deliver unmatched imaging capabilities.
For more details and the latest updates, visit their website at Planet Labs. You can also follow them on social media: Twitter and Facebook.
Planet Labs PBC, a leader in daily satellite data, has expanded its contract with the German Federal Agency for Cartography and Geodesy (BKG) to provide high-resolution satellite data for crisis management, environmental conservation, and agricultural monitoring.
Following a successful trial since November 2021, BKG employees from over 400 federal institutions will gain direct access to Planet's data. This partnership aims to enhance public safety and promote the use of satellite imagery in government operations in Germany.
Planet Labs (NYSE: PL) and Bayer have announced an expansion of their strategic partnership aimed at enhancing sustainable agriculture. The collaboration will see Planet providing its SkySat data and the Fusion product to Bayer, optimizing seed production and supply chain efficiency. This initiative harnesses satellite data to improve crop performance insights. The goal is to leverage data-driven solutions to revolutionize digital agriculture, increase productivity, and promote sustainability.
Planet Labs PBC reported record first quarter revenue of $40.1 million, reflecting a 26% year-over-year growth. The company announced an industry-recognized EOCL contract with the U.S. National Reconnaissance Office, enhancing its position in government sectors. With 826 customers and a strong cash position of $484 million, Planet anticipates revenue growth to more than double year-over-year for FY’23. Additionally, Q2 revenue is projected to range from $41 million to $43 million, signaling continued momentum in its unique data subscription business.
Planet Labs PBC (NYSE: PL) has been awarded a contract by the National Reconnaissance Office (NRO) for the Electro-Optical Commercial Layer (EOCL), enhancing government access to commercial satellite data.
This five-year contract, with potential extensions up to ten years, allows the NRO and its partners access to high and medium resolution daily imagery from Planet's satellite fleet.
The EOCL will support critical national security operations and decision-making across various government agencies.
Planet Labs (NYSE: PL) has announced a partnership with Leaf, a data infrastructure company, enabling developers to utilize PlanetScope data for agricultural solutions. This collaboration allows access to daily satellite imagery, aiding in farm optimization, sustainability tracking, and analyzing crop data. Planet operates the largest fleet of Earth observation satellites, capturing over 30 TB of data daily. Leaf's API will integrate this imagery, offering features dating back to 2015, enhancing agricultural insights for users and promoting a digital transformation in agriculture.
Planet Labs PBC (NYSE:PL) plans to release its fiscal Q1 2023 financial results on June 14, 2022, after market close, covering the period ended April 31, 2022. A conference call discussing these results and the future outlook will occur at 5:00 p.m. ET the same day. Interested parties can access the call via the company's Investor Relations page. Planet Labs specializes in satellite imagery and operates the largest Earth observation fleet, capturing 30 terabytes of data daily.
Planet Labs PBC (NYSE: PL) announced that Jim Thomason, VP of Imagery Products, will present at the 17th Annual Needham Technology & Media Conference on May 16, 2022, at 3:00 PM ET. The virtual discussion will be moderated by Ryan Koontz from Needham & Company, LLC. Interested parties can access the live webcast here. A replay will be available for one year on Planet’s investor relations page here. Planet offers daily satellite imagery and geospatial solutions to over 700 clients.
Planet Labs PBC (NYSE: PL) has announced its next-generation satellite constellation, Pelican, designed for very-high-resolution imaging and rapid revisit capabilities. Set to launch in early next year, pending FCC approval, the constellation will include up to 32 satellites, enhancing the capabilities of its existing fleet. Pelican aims to provide images with a resolution of 30 cm and up to 30 imaging opportunities daily in mid-latitudes, catering to rising demand for real-time data, particularly for tracking dynamic global events.
Planet Labs PBC (NYSE: PL) has announced that its PlanetScope and SkySat satellite data are now part of the European Space Agency's (ESA) Third Party Missions portfolio. This collaboration allows ESA to utilize Planet's data for scientific and research purposes. European researchers can access high-frequency and high-resolution imagery for non-commercial use through the ESA Earthnet Programme, enhancing research and development opportunities across various sectors. Planet aims to provide daily imaging of Earth's landmass, making global change more visible and actionable.
Planet Labs PBC (NYSE: PL) has announced a partnership with multiple research programs at Canadian universities to study biodiversity and human impact in the Canadian Boreal Forest. Utilizing Planet's satellite data, these initiatives will assess ecosystem changes and support sustainable management practices. This collaboration aligns with the five-year anniversary of Planet's Education and Research Program, which provides satellite data access to universities. With 80 participating institutions in 16 countries, Planet's data has contributed to over 1,800 academic publications since 2016.
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