Planet Labs PBC (PL) revealed Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's earnings totaled -$35.15 million, or -$0.12 per share. This compares with -$30.09 million, or -$0.11 per share, last year.
Excluding items, Planet Labs PBC reported adjusted earnings of -$22.27 million or -$0.08 per share for the period.
Analysts on average had expected the company to earn -$0.02 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.6% to $61.554 million from $58.852 million last year.
Planet Labs PBC earnings at a glance (GAAP) :
-Earnings: -$35.15 Mln. vs. -$30.09 Mln. last year.-EPS: -$0.12 vs. -$0.11 last year.-Revenue: $61.554 Mln vs. $58.852 Mln last year.
-Guidance:Next quarter revenue guidance: $61 to $63 million
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