secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001836833-23-000107
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet Labs Q3 FY2024 revenue $55.4M, up 11% YoY; launches 37 satellites
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- Revenue $55.4M, up 11% YoY; 94% of annual contract value is recurring.
- GAAP gross margin 47%, non-GAAP 52%, down from 50% and 54% YoY.
- Customer count 976, up 13% YoY; cash & short-term investments $315M, no debt.
- Launched 36 SuperDove satellites and first Pelican tech demo satellite.
- Released new forest carbon product; strength in Civil Government and Defense & Intelligence.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000183683323000107/0001836833-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000183683323000107/pl-20231207.htm
  HTML page:      https://secwatch.observer/filing/0001836833-23-000107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer