Planet Reports Financial Results for Third Quarter of Fiscal 2022
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.
- Record Q3 revenue of $31.7 million, 16% increase YoY.
- End-of-period customer count increased 32% to 742 customers.
- Gross margin expanded to 34%, compared to 27% YoY.
- Non-GAAP gross margin improved to 35%, up from 28% YoY.
- Raised over $590 million in gross proceeds from NYSE debut.
- Sales pipeline growth of 46% YoY.
- Net loss of $41.5 million.
- Adjusted EBITDA expected losses between ($17) million and ($15) million for Q4.
Delivers Record Third Quarter Revenue of
Reaffirms Full Year Revenue Outlook for Fiscal Year 2022
End of Period Customer Count Increased
Fully Capitalized Following Receipt of Over
Third Quarter FY2022 Financial Highlights:
-
Revenue increased
16% year-over-year to$31.7 million -
Percent of Recurring Annual Contract Value (ACV) was
94% , compared to93% in the third quarter of fiscal year 2021. -
End of Period (EoP) Customer Count increased
32% year-over-year to 742 customers. -
Gross Margin percentage expanded to
34% , compared to27% in the third quarter of fiscal year 2021. Non-GAAP Gross Margin percentage expanded to35% , compared to28% in the third quarter of fiscal year 2021. -
Net loss was
$41.5 million ( , driven by increased investments in R&D, sales and marketing and public company costs.$12.3) million
Definitions of the non-GAAP financial measures used in this press release and reconciliations of such measures to their nearest GAAP equivalents are included below.
“Our strong performance this past quarter continues to demonstrate Planet’s ability to capture the market opportunity ahead of us,” said
Recent Business Highlights:
Business Combination Transaction and Public Market Debut: |
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New and Expanded Customer Contracts: |
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Acceleration of Analytics Capabilities: |
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New Product Launches: |
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Sustainability Initiatives: |
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Education & Research: |
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Governance Enhancements: |
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Financial Outlook
For the fourth quarter of fiscal 2022, Planet expects to continue to invest in scaling its sales organization and expanding its software engineering capabilities.
Planet currently expects revenue to be in the range of approximately
Certain non-GAAP measures included in our financial outlook were not reconciled to the comparable GAAP financial measures because the GAAP measures are not accessible on a forward-looking basis. We are unable to reconcile these forward-looking non-GAAP financial measures to the most directly comparable GAAP measures without unreasonable efforts because we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact GAAP measures for these periods but would not impact the non-GAAP measures. Such items may include stock-based compensation charges, depreciation and amortization and other items. The unavailable information could have a significant impact on our GAAP financial results.
The foregoing forward-looking statements reflect our expectations as of today's date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. We do not intend to update our financial outlook until our next quarterly results announcement.
Please see “Planet’s Use of Non-GAAP Financial Measures” below for a discussion on how we calculate the non-GAAP measures presented herein. In addition, please find below a reconciliation to the most directly comparable GAAP measure.
Webcast and Conference Call Information
Planet will host a conference call at
Additionally, a supplemental Fiscal 3Q’22 Update presentation has been made available on Planet’s investor relations page.
About Planet
Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. Planet is a public benefit corporation trading on the
Planet’s Use of Non-GAAP Financial Measures
This press release includes Non-GAAP Gross Margin percentage, which is derived from Non-GAAP Gross Profit (Loss), and Adjusted EBITDA, which are non-GAAP performance measures that the Company uses to supplement its results presented in accordance with GAAP. The Company believes Non-GAAP Gross Margin percentage and Adjusted EBITDA 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 interested parties in analyzing operating performance and prospects. Further, the Company believes such non-GAAP measures are helpful in highlighting trends in the Company’s operating results because they exclude items that are not indicative of the Company’s core operating performance. In addition, the Company includes these non-GAAP financial measures because they are used by management to evaluate the Company’s core operating performance and trends and to make strategic decisions regarding the allocation of capital and new investments.
As mentioned above, Non-GAAP Gross Margin percentage, Non-GAAP Gross Profit (Loss) and Adjusted EBITDA are non-GAAP measures, are additions, and not substitutes for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to Gross Profit (Loss), net income, operating income or any other performance measures derived in accordance with GAAP or as an alternative to cash flows from operating activities as a measure of liquidity. Further, Non-GAAP Gross Margin percentage, Non-GAAP Gross Profit (Loss) and Adjusted EBITDA are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
Planet calculates these non-GAAP financial measures as follows:
Non-GAAP Gross Profit (Loss) and Non-GAAP Gross Margin percentage: the Company defines and calculates Non-GAAP Gross Profit (Loss) as Gross Profit (Loss) adjusted for stock-based compensation classified as cost of revenue, and Non-GAAP Gross Margin percentage as the percentage of Non-GAAP Gross Profit (Loss) to revenue. Non-GAAP Gross Profit (Loss) excludes stock-based compensation, which has recently been, and will continue to be for the foreseeable future, a significant recurring expense for the Company’s business and an important part of its compensation strategy.
Adjusted EBITDA: The Company defines and calculates Adjusted EBITDA as net loss before the impact of interest income and expense, income tax expense and depreciation and amortization, and further adjusted for the following items: stock-based compensation, change in fair value of convertible notes and warrant liabilities, gain or loss on the extinguishment of debt and non-operating income and expenses such as foreign currency exchange gain or loss.
Key Terms
Percent of Recurring ACV
In connection with the calculation of several of the key operational and business metrics the Company utilizes, it calculates Annual Contract Value (“ACV”) for contracts of one year or greater as the total amount of value that a customer has contracted to pay for the most recent 12 month period for the contract. For short-term contracts (contracts less than 12 months), ACV is equal to total contract value. The Company defines Percent of Recurring ACV as the dollar value of all data subscription contracts and the committed portion of usage-based contracts divided by the total dollar value of all contracts in its ACV Book of Business at a specific point in time. The Company defines ACV Book of Business as the sum of the ACV of all contracts that are active on the last day of the period pursuant to the effective dates and end dates of such contracts. Planet believes Percent of Recurring ACV is a useful metric for investors and management to track as it helps to illustrate how much of its revenue comes from customers that have the potential to renew their contracts over multiple years rather than being one-time in nature. In calculating Percent of Recurring ACV, management applies judgment as to which customers have an active contract at a period end for the purpose of determining ACV Book of Business, which is used as part of the calculation of Percent of Recurring ACV.
EoP Customer Count
The Company defines EoP Customer Count as the total count of all existing customers at the end of the period. It defines existing customers as customers with an active contract with Planet at the end of the reported period. For the purpose of this metric, the Company defines a customer as a distinct entity that uses its data or services. Planet sells directly to customers, as well as indirectly through its partner network. If a partner does not provide the end customer’s name, then the partner is reported as the customer. Each customer, regardless of the number of active opportunities with Planet, is counted only once. For example, if a customer utilizes multiple products of Planet, Planet only counts that customer once for purposes of EoP Customer Count. A customer with multiple divisions, segments, or subsidiaries are also counted as a single unique customer based on the parent organization or parent account. The Company believes EoP Customer Count is a useful metric for investors and management to track as it is an important indicator of the broader adoption of its platform and is a measure of its success in growing its market presence and penetration. In calculating EoP Customer Count, management applies judgment as to which customers are deemed to have an active contract in a period, as well as whether a customer is a distinct entity that uses the Company’s data or services.
Forward-looking Statements
Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the Company’s ability to capture market opportunity; whether and when the Company will be able to execute on its growth initiatives; whether the Company will realize any of the potential benefits from its acquisition of VanderSat; whether the Company will be able to successfully build or deploy its satellites, including new satellites that are in development; whether the experience any new executives or board members may have will result in benefits for Planet; whether the Company will be able to continue to invest in scaling its sales organization and expanding its software engineering capabilities in the fourth quarter of fiscal 2022; and the Company’s estimated fourth quarter fiscal 2022, revenue, non-GAAP gross profit margin, adjusted EBITDA and capex spend. Forward-looking statements are based on the Company’s management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s limited operating history making it difficult to predict its future operating results; the Company’s expectations that its operating expenses will increase substantially for the foreseeable future; whether the market for the Company’s products and services that is built upon our data set, which has not existing before, will grow as expected; whether current customers or prospective customers adopt the Company’s platform; whether the Company will be able to compete effectively with the increasing competition in its market from commercial entities and governments; the Company’s international operations creating business and economic risks that could impact its operations and financial results; the interruption or failure of the Company’s satellite operations, information technology infrastructure or loss of its data storage, whether by cyber-attacks or other adverse events that limit its ability to perform our daily operations effectively and provide its products and services; whether the Company experiences any adverse events, such as delayed launches, launch failures, its satellites failing to reach their planned orbital locations, its satellites failing to operate as intended, being destroyed or otherwise becoming inoperable, the cost of satellite launches significantly increasing and/or satellite launch providers not having sufficient capacity; the Company’s satellites not being able to capture Earth images due to weather, natural disasters or other external factors, or as a result of its constellation of satellites having restrained capacity; if the Company is unable to develop and release product and service enhancements to respond to rapid technological change, or to develop new designs and technologies for its satellites, in a timely and cost-effective manner; downturns or volatility in general economic conditions, including as a result of the current COVID-19 pandemic or any other outbreak of an infectious disease; the loss of one or more of the Company’s key personnel, or its failure to attract, hire, retain and train other highly qualified personnel in the future; the Company’s ability to raise adequate capital, including on acceptable terms, to finance its business strategies; the impact the Company’s indebtedness has on its ability to raise additional capital to fund operations, operate its business and react to changes in the economy or its industry; how rules and regulations in the Company’s highly regulated industry may impact its business; if the Company fails to maintain effective internal controls over financial reporting at a reasonable assurance level; and the other factors described under the heading “Risk Factors” in the Registration Statement on Form S-4 filed by dMY IV with the
PLANET
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||
(in thousands, except share and per share amounts) |
2021 |
|
2020 |
|
2021 |
|
2020 |
||||||||
|
|
|
|
|
|
|
|
||||||||
Revenue |
$ |
31,700 |
|
|
$ |
27,235 |
|
|
$ |
94,063 |
|
|
$ |
82,887 |
|
Cost of revenue |
|
20,811 |
|
|
|
19,881 |
|
|
|
59,757 |
|
|
|
64,558 |
|
Gross Profit |
|
10,889 |
|
|
|
7,354 |
|
|
|
34,306 |
|
|
|
18,329 |
|
Operating expenses |
|
|
|
|
|
|
|
||||||||
Research and development |
|
14,959 |
|
|
|
11,270 |
|
|
|
39,521 |
|
|
|
32,441 |
|
Sales and marketing |
|
12,441 |
|
|
|
10,178 |
|
|
|
33,691 |
|
|
|
27,221 |
|
General and administrative |
|
11,800 |
|
|
|
8,141 |
|
|
|
31,939 |
|
|
|
25,548 |
|
Total operating expenses |
|
39,200 |
|
|
|
29,589 |
|
|
|
105,151 |
|
|
|
85,210 |
|
Loss from operations |
|
(28,311 |
) |
|
|
(22,235 |
) |
|
|
(70,845 |
) |
|
|
(66,881 |
) |
Debt extinguishment gain |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
673 |
|
Interest expense |
|
(2,612 |
) |
|
|
(2,612 |
) |
|
|
(7,750 |
) |
|
|
(6,835 |
) |
Change in fair value of convertible notes and warrant liabilities |
|
(10,172 |
) |
|
|
(5,834 |
) |
|
|
(11,429 |
) |
|
|
(16,513 |
) |
Other income (expense), net |
|
(52 |
) |
|
|
(94 |
) |
|
|
(313 |
) |
|
|
520 |
|
Total other expense, net |
|
(12,836 |
) |
|
|
(8,540 |
) |
|
|
(19,492 |
) |
|
|
(22,155 |
) |
Loss before provision for income taxes |
|
(41,147 |
) |
|
|
(30,775 |
) |
|
|
(90,337 |
) |
|
|
(89,036 |
) |
Provision for income taxes |
|
394 |
|
|
|
263 |
|
|
|
822 |
|
|
|
569 |
|
Net loss |
$ |
(41,541 |
) |
|
$ |
(31,038 |
) |
|
$ |
(91,159 |
) |
|
$ |
(89,605 |
) |
Other comprehensive loss |
|
|
|
|
|
|
|
||||||||
Foreign currency translation adjustment, net of tax |
|
139 |
|
|
|
42 |
|
|
|
335 |
|
|
|
37 |
|
Comprehensive loss |
$ |
(41,402 |
) |
|
$ |
(30,996 |
) |
|
$ |
(90,824 |
) |
|
$ |
(89,568 |
) |
|
|
|
|
|
|
|
|
||||||||
Basic net loss per share attributable to common stockholders |
$ |
(1.35 |
) |
|
$ |
(1.06 |
) |
|
$ |
(3.01 |
) |
|
$ |
(3.13 |
) |
Diluted net loss per share attributable to common stockholders |
$ |
(1.38 |
) |
|
$ |
(1.06 |
) |
|
$ |
(3.01 |
) |
|
$ |
(3.13 |
) |
Basic weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders |
|
30,771,738 |
|
|
|
29,159,535 |
|
|
|
30,264,402 |
|
|
|
28,640,817 |
|
Diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders |
|
30,795,950 |
|
|
|
29,159,535 |
|
|
|
30,264,402 |
|
|
|
28,640,817 |
|
PLANET
CONSOLIDATED BALANCE SHEETS (unaudited)
|
|
|
|
|
||||
(in thousands, except share and par value amounts) |
|
2021 |
|
2021 |
||||
|
|
|
|
|
||||
Assets |
|
|
|
|
||||
Current assets |
|
|
|
|
||||
Cash and cash equivalents |
|
$ |
58,989 |
|
|
$ |
71,183 |
|
Accounts receivable, net |
|
|
15,177 |
|
|
|
47,110 |
|
Prepaid expenses and other current assets |
|
|
19,068 |
|
|
|
7,134 |
|
Total current assets |
|
|
93,234 |
|
|
|
125,427 |
|
Property and equipment, net |
|
|
138,011 |
|
|
|
159,855 |
|
Capitalized internal-use software, net |
|
|
10,473 |
|
|
|
11,994 |
|
|
|
|
88,393 |
|
|
|
88,393 |
|
Intangible assets, net |
|
|
4,832 |
|
|
|
5,673 |
|
Restricted cash, non-current |
|
|
5,749 |
|
|
|
4,982 |
|
Other non-current assets |
|
|
8,977 |
|
|
|
2,984 |
|
Total assets |
|
$ |
349,669 |
|
|
$ |
399,308 |
|
Liabilities and Stockholders’ Equity |
|
|
|
|
||||
Current liabilities |
|
|
|
|
||||
Accounts payable |
|
$ |
7,059 |
|
|
$ |
1,446 |
|
Accrued and other current liabilities |
|
|
28,642 |
|
|
|
30,195 |
|
Deferred revenue |
|
|
47,013 |
|
|
|
57,570 |
|
Liability from early exercise of stock options |
|
|
17,032 |
|
|
|
— |
|
Convertible notes, at fair value |
|
|
109,953 |
|
|
|
8,244 |
|
Preferred stock warrant liability |
|
|
14,047 |
|
|
|
11,359 |
|
Debt, net of discount |
|
|
64,972 |
|
|
|
— |
|
Total current liabilities |
|
|
288,718 |
|
|
|
108,814 |
|
Debt, net of discount |
|
|
— |
|
|
|
62,644 |
|
Convertible notes, at fair value |
|
|
— |
|
|
|
92,968 |
|
Deferred revenue |
|
|
7,976 |
|
|
|
15,122 |
|
Deferred hosting costs |
|
|
13,141 |
|
|
|
7,971 |
|
Deferred rent |
|
|
1,354 |
|
|
|
2,991 |
|
Other non-current liabilities |
|
|
1,287 |
|
|
|
1,287 |
|
Total liabilities |
|
|
312,476 |
|
|
|
291,797 |
|
Commitments and contingencies |
|
|
|
|
||||
|
|
|
|
|
||||
Stockholders' equity |
|
|
|
|
||||
Convertible preferred stock, |
|
|
|
|
||||
105,000,000 shares authorized, 85,682,990 shares issued and outstanding, |
|
|
2 |
|
|
|
2 |
|
Common stock, |
|
|
1 |
|
|
|
1 |
|
17,625,967 and 14,876,627 Class A shares issued and outstanding at |
|
|
|
|
||||
Additional paid-in capital |
|
|
766,150 |
|
|
|
745,644 |
|
Accumulated other comprehensive income |
|
|
2,104 |
|
|
|
1,769 |
|
Accumulated deficit |
|
|
(731,064 |
) |
|
|
(639,905 |
) |
Total stockholders’ equity |
|
|
37,193 |
|
|
|
107,511 |
|
Total liabilities and stockholders' equity |
|
$ |
349,669 |
|
|
$ |
399,308 |
|
PLANET
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
|
|
Nine Months Ended |
||||||
(in thousands) |
|
2021 |
|
2020 |
||||
|
|
|
|
|
||||
Operating activities |
|
|
|
|
||||
Net loss |
|
$ |
(91,159 |
) |
|
$ |
(89,605 |
) |
Adjustments to reconcile net loss to net cash used in operating activities |
|
|
|
|
||||
Depreciation and amortization |
|
|
33,865 |
|
|
|
46,300 |
|
Stock-based compensation, net of capitalized cost of |
|
|
12,619 |
|
|
|
11,089 |
|
Provision for doubtful accounts |
|
|
140 |
|
|
|
1,001 |
|
Change in fair value of convertible notes and warrant liabilities |
|
|
11,429 |
|
|
|
16,513 |
|
Debt extinguishment gain |
|
|
— |
|
|
|
(673 |
) |
Deferred income taxes |
|
|
406 |
|
|
|
121 |
|
Amortization of debt discount and issuance costs |
|
|
2,328 |
|
|
|
1,966 |
|
Changes in operating assets and liabilities |
|
|
|
|
||||
Accounts receivable |
|
|
32,336 |
|
|
|
(17,512 |
) |
Prepaid expenses and other assets |
|
|
(12,860 |
) |
|
|
(1,321 |
) |
Accounts payable, accrued and other liabilities |
|
|
2,061 |
|
|
|
(565 |
) |
Deferred revenue |
|
|
(17,401 |
) |
|
|
(768 |
) |
Deferred hosting cost |
|
|
6,759 |
|
|
|
6,802 |
|
Deferred rent |
|
|
(1,539 |
) |
|
|
(1,444 |
) |
Net cash used in operating activities |
|
|
(21,016 |
) |
|
|
(28,096 |
) |
Investing activities |
|
|
|
|
||||
Purchases of property and equipment |
|
|
(6,051 |
) |
|
|
(20,845 |
) |
Capitalized internal-use software |
|
|
(2,678 |
) |
|
|
(3,009 |
) |
Other |
|
|
(454 |
) |
|
|
(422 |
) |
Net cash used in investing activities |
|
|
(9,183 |
) |
|
|
(24,276 |
) |
Financing activities |
|
|
|
|
||||
Proceeds from the exercise of common stock options |
|
|
6,866 |
|
|
|
438 |
|
Proceeds from the early exercise of common stock options |
|
|
17,928 |
|
|
|
— |
|
Payments of deferred offering costs |
|
|
(5,281 |
) |
|
|
— |
|
Proceeds from issuance of debt and common stock warrants, net of issuance costs |
|
|
— |
|
|
|
14,862 |
|
Principal payment of convertible notes |
|
|
— |
|
|
|
(2,586 |
) |
Proceeds from issuance of convertible notes and preferred stock warrant |
|
|
— |
|
|
|
71,125 |
|
Net cash provided by financing activities |
|
|
19,513 |
|
|
|
83,839 |
|
Effect of exchange rate changes on cash, cash equivalents and restricted cash |
|
|
(807 |
) |
|
|
250 |
|
|
|
|
|
|
||||
Net increase in cash, cash equivalents and restricted cash |
|
|
(11,493 |
) |
|
|
31,717 |
|
Cash, cash equivalents and restricted cash at the beginning of the period |
|
|
76,540 |
|
|
|
27,739 |
|
Cash, cash equivalents and restricted cash at the end of the period |
|
$ |
65,047 |
|
|
$ |
59,456 |
|
PLANET
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (unaudited)
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||
(in thousands) |
2021 |
|
2020 |
|
2021 |
|
2020 |
||||||||
Reconciliation of Non-GAAP Gross Profit (Loss) to Gross Profit (Loss) |
|
|
|
|
|
|
|
||||||||
Gross Profit |
$ |
10,889 |
|
|
$ |
7,354 |
|
|
$ |
34,306 |
|
|
$ |
18,329 |
|
Add: Stock-based compensation |
|
226 |
|
|
|
199 |
|
|
|
688 |
|
|
|
585 |
|
Non-GAAP Gross Profit |
$ |
11,115 |
|
|
$ |
7,553 |
|
|
$ |
34,994 |
|
|
$ |
18,914 |
|
Gross Margin percentage |
|
34 |
% |
|
|
27 |
% |
|
|
36 |
% |
|
|
22 |
% |
Non-GAAP Gross Margin percentage |
|
35 |
% |
|
|
28 |
% |
|
|
37 |
% |
|
|
23 |
% |
PLANET
RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES (unaudited)
|
Three Months Ended
|
|
Nine Months Ended
|
||||||||||||
(in thousands) |
2021 |
|
2020 |
|
2021 |
|
2020 |
||||||||
Reconciliation of Adjusted EBITDA to Net Loss: |
|
|
|
|
|
|
|
||||||||
Net loss |
$ |
(41,541 |
) |
|
$ |
(31,038 |
) |
|
$ |
(91,159 |
) |
|
$ |
(89,605 |
) |
Interest expense |
|
2,612 |
|
|
|
2,612 |
|
|
|
7,750 |
|
|
|
6,835 |
|
Interest income |
|
(4 |
) |
|
|
(4 |
) |
|
|
(12 |
) |
|
|
(49 |
) |
Income tax provision |
|
394 |
|
|
|
263 |
|
|
|
822 |
|
|
|
569 |
|
Depreciation and amortization |
|
11,349 |
|
|
|
13,871 |
|
|
|
33,865 |
|
|
|
46,300 |
|
Debt extinguishment gain |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(673 |
) |
Change in fair value of liabilities |
|
10,172 |
|
|
|
5,834 |
|
|
|
11,429 |
|
|
|
16,513 |
|
Other income / expense, net |
|
56 |
|
|
|
98 |
|
|
|
325 |
|
|
|
(471 |
) |
Stock based compensation |
|
4,643 |
|
|
|
2,628 |
|
|
|
12,619 |
|
|
|
11,089 |
|
Adjusted EBITDA |
$ |
(12,319 |
) |
|
$ |
(5,736 |
) |
|
$ |
(24,361 |
) |
|
$ |
(9,492 |
) |
View source version on businesswire.com: https://www.businesswire.com/news/home/20211214005071/en/
Investors
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Source: Planet
FAQ
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What are the expected adjusted EBITDA losses for Planet Labs in Q4 FY2022?
