earnings
confidence high
sentiment positive
materiality 0.75
Planet Q2 revenue $48.5M (+59% YoY), raises FY’23 guidance to 42% growth
Planet Labs PBC
2023-Q2 EPS reported
-$0.32
revenue$88,577,000
- GAAP gross margin expanded to 48% from 35% YoY; Non-GAAP gross margin 52% vs 36%.
- Net dollar retention rate hit 125% (127% with winbacks); customer count rose 17% to 855.
- Cash, equivalents and short-term investments stood at $458M at quarter end.
- Full-year FY’23 revenue guidance raised to ~42% YoY growth at midpoint.
- Q2 results described as exceeding expectations across the board.