Planet Labs

Planet Labs PBC provides daily data and insights about earth. It offers a web-geo platform with satellite data available and foundational analytics to derive insights to make decisions. The company is founded by William S. Marshall and Robert H. Schingler in 2010 and is headquartered in San Francisco, CA.

Earnings data Q3 2021

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PL (PL) reports solid Q1 results but revises guidance

PL (PL) reported solid Q1 financial results but faced headwinds in April and May, leading to a revision of guidance for the year. The company is streamlining and focusing on high ROI business areas, while challenges include elongated sales cycles and government budget constraints. Opportunities lie in leveraging unique data for AI applications and being a natural consolidator in the data business.

Planet Labs PBC reports 11% revenue growth, faces deal closure delays

Planet Labs PBC reported strong revenue growth and exceeded non-GAAP gross margin expectations. However, challenges include delays in deal closures and a reduction in the revenue forecast due to delays in large government opportunities. The company is focusing on organizational changes, product developments, and cost-cutting measures to drive sustainable long-term growth and profitability.

Planet Labs PBC Reports Record Q3 Revenue and Government Market Strength

Planet Labs PBC achieved record revenue and demonstrated strength in government markets, while facing challenges in extended sales cycles and macro-driven headwinds in the commercial market. The company is focused on driving higher growth rates and improving execution to capitalize on a diverse global pipeline of opportunities.

Planet Labs exceeds targets, eyes profitability amid strategic acquisitions

Planet Labs delivered robust financial performance, highlighted by revenue growth and strategic acquisitions. Challenges include achieving profitability and managing legacy contracts. Opportunities exist in government sectors, expanding customer base, and disciplined financial management.

Planet Labs reports robust Q1 earnings, eyes AI for growth

Planet Labs' Q1 performance reflects strong revenue growth and margin expansion, supported by diverse customer base and strategic partnerships.
While facing challenges from recent headwinds and elongated sales cycles, the company is optimistic about leveraging AI and sustainability for growth.
Efforts to reduce expenses and prioritize key investments signal a strategic focus on profitability and sustainable growth for Planet Labs.

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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, announced Susan Wojcicki has been appointed to Planet's Board of Directors. With over two decades of leadership experience in the technology industry helping to scale disruptive companies, Planet believes Ms. Wojcicki is uniquely positioned to support the Company's continued growth and scalability across markets as an independent director. Susan was voted in at Planet's Annual.

Planet Appoints Susan Wojcicki to Board of Directors

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that it has signed a seven-figure pilot contract with an international ministry of defense customer for PlanetScope data enhanced with the AI-based Theia solution from its partner SynMax. Together, Planet and SynMax, a Houston-based satellite analytics and intelligence company, are providing the customer with a cutting-edge maritime domain awareness (“MDA”) solu.

Planet Wins Seven-Figure Pilot with International Defense Customer for PlanetScope Data Enhanced with SynMax AI

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the company's participation in a new original documentary from HBO. The film ‘Wild Wild Space' interviews Planet co-founders Will Marshall and Robbie Schingler and features Planet's founding, vision to image the entire earth every day, meteoric growth, and captivating satellite imagery. Directed by Academy Award-winning director Ross Kauffman, ‘Wild Wild Space'.

New HBO Original Documentary ‘Wild Wild Space' Features Planet's Origin Story and Space Industry Trajectory

Planet Labs (NYSE: PL ) layoffs are a hot topic on Monday as the geospatial data satellite company cuts jobs. A filing with the Securities and Exchange Commission (SEC) reveals that the Planet Labs layoffs will affect a total of 180 employees.

Planet Labs Layoffs 2024: What to Know About the Latest Planet Job Cuts

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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, recently expanded its contract with the Government of New South Wales, Australia (NSW) through partner NGIS to support crisis response and urban planning and biodiversity management. NSW has been an early adopter of Planet data, using it for critical applications such as flood disaster response, water resource management, and wildfire response. In recent years, Australia has fa.

Planet's Expanded Contract with Government of New South Wales Supports Emergency and Climate Change Response

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Planet Labs remains a buy with strong growth potential despite stock price performance. 1Q25 earnings beat expectations, showing positive financial and operational progress. Partnerships with Nvidia and upcoming satellite launches strengthen PL's competitive advantage and growth prospects.

Planet Labs: Business Continues To Do Well Financially And Operationally

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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, yesterday hosted their “Planet On The Road” conference in the Washington, D.C. area, showcasing their U.S. government and commercial customers and partners. Speakers included Major General Gregory J. Gagnon, Deputy Chief of Space Operations and Intelligence at U.S. Space Force; Devin Brande, Director, Commercial Operations Group at National Geospatial Intelligence Agency (NGA);.

Leveraging Satellite Data and Artificial Intelligence, U.S. Government Customers Showcase Using Tech for Intelligence at Planet-hosted Event, Including NGA, Space Force, and NASA

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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced it is collaborating with NVIDIA on its onboard processing capabilities for its high-resolution Pelican™-2 satellite. Through this collaboration, Planet will leverage the NVIDIA Jetson edge AI platform for its next-generation high-resolution mission and fly the technology on its Pelican-2 satellite set to launch later this year. NVIDIA GPU accelerated computing w.

Planet Labs PBC Announces Real-Time Insights Technology Using NVIDIA Jetson Platform

Planet Labs PBC (NYSE:PL ) Q1 2025 Earnings Call Transcript June 6, 2024 5:00 PM ET Company Participants Chris Genualdi - VP of IR Will Marshall - Co-Founder and CEO Ashley Johnson - President and CFO Conference Call Participants Trevor Walsh - JMP Kristine Liwag - Morgan Stanley Jason Gursky - Citi Ryan Koontz - Needham & Company Jeff Van Rhee - Craig-Hallum Edison Yu - Deutsche Bank Mike Latimore - Northland Operator Hello, everyone. Thank you for attending today's Planet Labs PBC First Quarter and Fiscal 2025 Earnings Call.

Planet Labs PBC (PL) Q1 2025 Earnings Call Transcript

Planet Labs PBC (PL) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.13 per share a year ago.

Planet Labs PBC (PL) Reports Q1 Loss, Tops Revenue Estimates

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily Earth data and insights, announced today that its first hyperspectral satellite, Tanager-1—made possible by the Carbon Mapper Coalition and its philanthropic partners—is ready for launch. The spacecraft arrived at Vandenberg Space Force Base on June 3rd in preparation for liftoff as early as July on board the Transporter-11 Rideshare mission with SpaceX. Tanager-1 will be the first of a next-generation hypers.

Tanager-1 Is Ready for Launch: Planet's First Hyperspectral Satellite

SAN FRANCISCO--(BUSINESS WIRE)--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 April 30, 2024. “Planet delivered a solid quarter to start the year. Growth was driven by the government sector where we are seeing increased demand for our data, particularly when enhanced by AI-based partner solutions. We also launched the Planet Insights Platform to empower an ecosystem of cus.

Planet Reports Financial Results for First Quarter of Fiscal Year 2025

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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced it has expanded its existing commercial partnership with BASF Digital Farming GmbH. Through this strategic partnership, BASF Digital Farming is growing its use of Planet satellite data products to power its advanced digital farming products and services from its xarvio® Digital Farming Solutions brand. Planet owns and operates the world's largest constellation o.

Planet and BASF Digital Farming Expand Strategic Partnership to Enhance Smart Farming Solutions From Space

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a contract extension with ZEP-RE, an African reinsurance company headquartered in Nairobi, Kenya. The extension follows a successful first year of collaboration leveraging Planet's insurance solutions to enhance drought risk protection in the Horn of Africa (HOA) and paves the way for continued collaboration for a 5-year project ending in October 2027. Today, ZE.

ZEP-RE Extends Planet Partnership for Drought Insurance Program in Horn of Africa

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 first quarter 2025 financial results for the quarter that ended April 30, 2024, after market close on Thursday, June 6, 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, whi.

Planet to Announce Fiscal First Quarter 2025 Results on Thursday, June 6, 2024

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SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Robert Cardillo, Chief Strategist and Chairman of the Board of Planet Federal, will participate in a virtual fireside chat at the 19th Annual Needham Technology, Media, & Consumer Conference on May 16th, 2024, at 11:45 a.m. Eastern Time. The discussion will be hosted by Ryan Koontz, Managing Director, Senior Equity Research Analyst at Needham & Comp.

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