Planet Q1 revenue $52.7M (+31% YoY), gross margin 53%, customers 903

Planet Labs PBC

2024-Q1 EPS reported -$0.13 revenue$52,703,000

Revenue $52.7M, up 31% YoY; percent of recurring ACV 93%.
GAAP gross margin expanded to 53% from 41% YoY; non-GAAP gross margin 56% vs 45%.
End-of-period customer count rose 9% YoY to 903 customers.
Cash, cash equivalents and short-term investments $376.2M, no debt.
Management cites strong demand and path to profitability; conference call June 8 at 5pm ET.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Planet Labs PBC reported first fiscal quarter ended April 30, 2023 results: revenue $52.7 million.

Period: first fiscal quarter ended April 30, 2023
Revenue: $52.7 million
Result: reported results

Exact text from the filing

First quarter revenue increased 31% year-over-year to $52.7 million.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

Planet Labs PBC filing history →

Source: SEC EDGAR

accession 0001836833-23-000043

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