Planet Reports Financial Results for Third Quarter of Fiscal 2022

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Planet Labs (PL) Reports Q4 Loss of $1.38/sh

December 13, 2021 4:10 PM EST

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... More