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Planet Labs PBC Q4 Loss Widens

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Planet Labs PBC (PL) announced Loss for its fourth quarter of -$35.15 million

The company's earnings came in at -$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 -$0.08 per share for the period.

The company's revenue for the period rose 4.6% to $61.55 million from $58.85 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: $61.55 Mln vs. $58.85 Mln last year.

-Guidance:
Next quarter revenue guidance: $61-$63 mln

For fiscal year 2026, Planet expects revenue to be in the range of approximately $260 million to $280 million.

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