secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2022-06-14T23:59:59+00:00
Accession:  0001836833-22-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet Labs Q1 revenue $40.1M (+26% YoY); NRO contract drives momentum
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000183683322000034/0001836833-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000183683322000034/pl-20220614.htm
  HTML page:      https://secwatch.observer/filing/0001836833-22-000034

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