Planet Labs reports record FY2024 revenue $220.7M, up 15%; President Kevin Weil to resign May 6

Planet Labs PBC

2024-FY EPS reported -$0.50 revenue$220,696,000

Full-year revenue $220.7M (+15% YoY); Q4 revenue $58.9M (+11% YoY).
Customer count surpassed 1,000 to 1,018 (+15% YoY); recurring ACV 93%.
Cash and short-term investments $298.9M, no debt; targets adjusted EBITDA profitability by Q4 FY25.
Kevin Weil (President, Product & Business) resigns effective May 6; Ashley Johnson appointed President and CFO.
Pelican tech demo satellite performing in orbit; Tanager satellite planned for launch later in 2024.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Kevin Weil

President, Product & Business

PL · Planet Labs PBC

Effective: 2024-05-06
Successor: Ashley Johnson
Filed: March 28, 2024, 7:59 PM ET

On March 25, 2024, Kevin Weil, President, Product & Business of the Company informed the Company of his intention to resign from his role effective May 6, 2024.

Role change

Ashley Johnson

President and Chief Financial Officer

PL · Planet Labs PBC

Effective: 2024-03-27
Filed: March 28, 2024, 7:59 PM ET

In addition, on March 27, 2024, the Board appointed Ashley Johnson, the Company’s current Chief Financial and Operating Officer, as the Company’s President and Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Weil resigned as President, Product & Business at Planet Labs PBC.

Action: resigned
Role: President, Product & Business

Exact text from the filing

On March 25, 2024, Kevin Weil, President, Product & Business of the Company informed the Company of his intention to resign from his role effective May 6, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ashley Johnson was appointed as President and Chief Financial Officer at Planet Labs PBC.

Action: appointed
Role: President and Chief Financial Officer

Exact text from the filing

In addition, on March 27, 2024, the Board appointed Ashley Johnson, the Company’s current Chief Financial and Operating Officer, as the Company’s President and Chief Financial Officer.

View on SEC.gov

Planet Labs PBC filing history →

Source: SEC EDGAR

accession 0001836833-24-000030

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