Planet Labs (PL) Misses Q2 EPS by 1c, Offers Guidance

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Go back to Planet Labs (PL) Misses Q2 EPS by 1c, Offers Guidance

Planet Reports Financial Results for Second Quarter of Fiscal Year 2023

September 12, 2022 4:05 PM EDT

Delivers Record Second Quarter Revenue of $48.5 Million, up 59% Year-over-Year

Expands YoY Second Quarter GAAP Gross Margin Expansion to 48% from 35%

Increases Full Year Revenue Guidance for FY23 to 42% YoY Growth at the Midpoint

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 its fiscal second quarter for the period ended July 31, 2022, demonstrating accelerated growth and momentum of its unique data subscription business.

Planets results for the second... More