Planet Labs (NYSE: PL) reported Q4 EPS of ($1.38), versus ($1.06) reported last year. Revenue for the quarter came in at $31.7 million, versus $27.24 million reported last year.

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 $35 million to $37 million and Non-GAAP Gross Margin percentage to be approximately 37% to 39%. Adjusted EBITDA loss is expected to be between approximately ($17) million and ($15) million and capex spend is expected to be between approximately $5 million and $7 million. Additionally, following the business combination with dMY IV, Planet's pro forma shares outstanding as of October 31, 2021 are approximately 261.8 million on a basic and fully diluted basis.

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.

For earnings history and earnings-related data on Planet Labs (PL) click here.