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Planet Labs (PL) Tops Q2 EPS by 2c, provides guidance

September 5, 2024 4:09 PM

Planet Labs (NYSE: PL) reported Q2 EPS of ($0.06), $0.02 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $61.1 million versus the consensus estimate of $61.82 million.

GUIDANCE:

Planet Labs sees Q3 2025 revenue of $61-64 million, versus the consensus of $64.164 million. Non-GAAP Gross Margin is expected to be in the range of approximately 59% to 61%. Adjusted EBITDA loss is expected to be in the range of approximately ($5) million and ($2) million for the quarter. Capital Expenditures are expected to be in the range of approximately $13 million and $16 million for the quarter.

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

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Earnings Guidance