earnings
confidence high
sentiment positive
materiality 0.80
Planet Labs Q1 revenue $40.1M (+26% YoY); NRO contract drives momentum
Planet Labs PBC
2023-Q1 EPS reported
-$0.17
revenue$40,127,000
- Revenue $40.1M (+26% YoY); 92% recurring ACV; customer count 826 (+23% YoY).
- Gross margin 41% (GAAP) and 45% (Non-GAAP), up from 40% and 41% respectively.
- Ended quarter with $484M cash; no debt.
- Received landmark EOCL contract from U.S. NRO; Planet's largest contract to date.
- Tightened FY'23 guidance; Q2 sees 38% YoY growth at midpoint.