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 (NYSE: PL) reported record fourth quarter revenue of $37.1 million, marking a 23% year-over-year increase. Full year revenue reached $131.2 million, a 16% rise from the previous year. The company's gross margin improved significantly to 37% in Q4, compared to 25% in the same period last year. With a customer count of 770 and a strong cash position of $491 million, Planet anticipates continued growth, projecting fiscal year 2023 revenue between $170 million and $190 million.
Planet Labs PBC (NYSE:PL) announced plans to release its fiscal Q4 and full-year 2022 financial results on March 31, 2022, after market close. The management will host a conference call at 5:00 p.m. ET to discuss the results and future business outlook. The call will be available via live internet broadcast and on-demand replay shortly after. Planet, founded by NASA scientists, operates the world’s largest fleet of imaging satellites, delivering over 3 million images daily to more than 700 customers across various industries.
Planet Labs PBC (NYSE: PL) announced that its senior management will present at two upcoming investor conferences. Robert Cardillo will speak at the JMP Securities Technology Conference on March 8, 2022, at 12 PM PT in San Francisco. Robbie Schingler will present at Deutsche Bank’s 30th Annual Media, Internet & Telecom Conference on March 14, 2022, at 9:35 AM ET in Palm Beach, Florida. Planet Labs is a leader in satellite imagery and geospatial solutions, capturing over 3 million images daily for various industries and government agencies.
Planet Labs PBC (NYSE: PL) has announced the launch of its next-generation PlanetScope Monitoring product, now featuring eight spectral bands instead of four. This update aims to provide customers with enriched data for more comprehensive analysis. Enhancements include sharper images and improved calibration for accurate time-series analysis. Customers utilize this high-quality data for various applications, such as environmental monitoring and agricultural assessments. Early access users report successful applications in monitoring coastal conditions and safeguarding human health.
Planet Labs PBC (NYSE: PL) has achieved carbon neutrality for its operations in 2020, as certified by SCS Global Services. This certification encompasses all aspects of its supply chain, validating its commitment to sustainability. Planet's total greenhouse gas emissions were calculated at 3,482 metric tons CO2e. To offset these emissions, the company purchased high-quality carbon credits through partnerships with various REDD+ projects. Looking ahead, Planet aims to establish a carbon reduction plan and achieve net zero emissions by 2030.
Planet Labs has successfully launched its 4x Flock, comprising 44 SuperDove satellites, using a SpaceX Falcon 9 rocket. The company established contact with all satellites shortly after deployment, maintaining a 100% connection record. These satellites will enhance Planet's fleet of around 200, increasing the total launched to 127 with SpaceX. Planet's technology delivers daily insights into Earth's resources, backed by 1,700 images on average for every land area. The firm aims to leverage its expansive satellite fleet to meet customer needs in various sectors.
Planet Labs PBC (NYSE: PL) announced the upcoming launch of its Flock 4x, comprising 44 SuperDove satellites, on January 13th via SpaceX's Falcon 9 Transporter-3 SSO. This launch will increase Planet's satellite fleet to over 240, enhancing its capabilities in providing daily Earth observation data with a resolution of approximately 3 meters per pixel. The company has a multi-year agreement with SpaceX for future launches, which is expected to support their operational goals and customer needs.
Planet Labs PBC (NYSE: PL) has announced that Chief Financial and Operating Officer Ashley Johnson will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 2:00 p.m. Eastern Time. Interested parties can access the live webcast here. A replay will be available for one year on Planet’s investor relations webpage. Founded in 2010, Planet is a leader in daily satellite imagery, providing vital data to over 700 clients across various sectors, capturing over 3 million images daily.
Planet Labs reported a record third quarter revenue of $31.7 million, marking a 16% year-over-year increase. The end-of-period customer count rose 32% to 742 customers. Gross margin improved to 34% from 27% year-over-year, while non-GAAP gross margin reached 35%. Despite a net loss of $41.5 million, the company remains fully capitalized with $590 million raised from its NYSE debut under the ticker PL. For Q4 FY2022, revenue is projected between $35 million and $37 million, with anticipated adjusted EBITDA losses between ($17) million and ($15) million.
Planet has successfully completed its acquisition of VanderSat for approximately $28 million, comprising $18 million in stock and $10 million in cash. This acquisition enhances Planet's offerings in the agriculture sector, specifically in water management and crop health analytics. VanderSat's technology will enable Planet to integrate advanced earth data and analytics, supporting industries and governments with actionable insights. The acquisition is positioned to strengthen Planet's competitive edge in the satellite data market.
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