Planet Labs Q3 FY2023 revenue $49.7M (+57% YoY); raises FY guidance to $188-192M

Planet Labs PBC

2023-Q3 EPS reported -$0.47 revenue$138,281,000

Revenue $49.7M, up 57% YoY; GAAP gross margin 50% vs 34% a year ago.
Non-GAAP gross margin 54% vs 35% YoY; net dollar retention 123%; customer count 864 (+16% YoY).
Full-year FY2023 revenue guidance raised to $188-192M, representing ~45% YoY growth at midpoint.
Cash, cash equivalents and short-term investments $425M at quarter end.
Recurring ACV represented 94% of total ACV.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Planet Labs PBC reported third fiscal quarter ended October 31, 2022 results: revenue $49.7 million. Guidance raised.

Period: third fiscal quarter ended October 31, 2022
Revenue: $49.7 million
Guidance: raised
Result: reported results

Exact text from the filing

Third quarter revenue increased 57% year-over-year to $49.7 million.

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Source: SEC EDGAR

accession 0001836833-22-000103

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