Planet Labs PBC (PL) shares have been on a remarkable run with an impressive return of 80.5% over the past year. Over the same time frame, Planet Labs has comfortably outperformed the broader Zacks Computer and Technology sector and the Zacks  Internet – Software industry’s return of 29.2% and 31.4%, respectively. The stock has also outperformed its industry peers, including Compass (COMP) and HashiCorp (HCP) . Shares of COMP and HCP have gained 73.3% and 58.3%, respectively, over the past year.The outstand ...

On a flat to down day for the stock market, space company Planet Labs (PL 5.18%) broke away from the pack and scored gains Tuesday afternoon, after updating investors on the latest refresh of its fleet of Earth observation satellites.As of 3 p.m. ET, Planet Labs stock is up 3.8%.What Planet Labs saidWith approximately 200 medium-resolution Dove and high-resolution SkySat satellites orbiting Earth, Planet Labs already boasts one of the world's largest satellite constellations -- and easily the largest of any ...

Planet Labs PBC (PL) , a prominent provider of daily, worldwide satellite imagery and geospatial services, has dazzled investors with an outstanding 97.9% return over the last six months.Over the same time frame, Planet Labs has outperformed the broader Zacks Computer and Technology sector and the Zacks  Internet – Software industry’s return of 3.7% and 14.2%, respectively. It has also outperformed its industry peers, including Compass (COMP) and Innovid (CTV) . Shares of COMP and CTV have gained 40.8% and ...

Planet Labs (PL 5.67%) stock fell along with the rest of the stock market earlier this week, but thanks to some kind words from investment bank Morgan Stanley, the space company is quickly gaining back lost ground.On Thursday, a raised price target from the investment banker helped stop the stock's decline, and added a small fraction of a percent to Planet Labs' market cap. Today, Planet Labs stock is up another 3% through 10 a.m. ET.What Morgan Stanley said about Planet LabsIn a report light on details abo ...

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Investors might want to bet on Planet Labs PBC (PL) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indivi ...

Customer Growth and Retention - As of October 31, 2024, Planet's End of Period Customer Count reached 1,015, representing a 4% year-over-year growth compared to October 31, 2023[116] - Planet's Net Dollar Retention Rate remained stable at 104% for both the nine months ended October 31, 2024, and 2023, primarily due to the expansion of a large international contract[136] - Net Dollar Retention Rate including winbacks remained flat at 105% for both the nine months ended October 31, 2024, and 2023, primarily due to expansion with a large international contract[137] - EoP Customer Count increased to 1,015 as of October 31, 2024, compared to 976 as of October 31, 2023, driven by increased demand for data[139] - EoP Customer Count rose approximately 4% to 1,015 as of October 31, 2024, from 976 as of October 31, 2023, driven by growth in the Civil Government and Defense and Intelligence Verticals[156] Financial Performance - Revenue for the three months ended October 31, 2024, was $61,266,000, an 11% increase from $55,380,000 for the same period in 2023[154] - Revenue increased by $5.9 million, or 11%, to $61.3 million for the three months ended October 31, 2024, compared to $55.4 million for the same period in 2023[156] - Revenue for the nine months ended October 31, 2024, increased by $21.0 million, or 13%, to $182.8 million compared to $161.8 million for the same period in 2023[166] - Net loss for the three months ended October 31, 2024, was $(20,081,000), a 47% improvement compared to $(38,004,000) for the same period in 2023[154] - The company incurred a net loss of $88,042 thousand for the nine months ended October 31, 2024, compared to a net loss of $110,423 thousand for the same period in 2023[178] Expenses and Cost Management - Total operating expenses decreased to $60,125,000 for the three months ended October 31, 2024, down 19% from $73,888,000 for the same period in 2023[154] - Research and development expenses decreased to $25,216,000 for the three months ended October 31, 2024, down 24% from $33,002,000 for the same period in 2023[154] - Sales and marketing expenses decreased to $16,795,000 for the three months ended October 31, 2024, down 19% from $20,774,000 for the same period in 2023[154] - General and administrative expenses decreased by $2.0 million, or 10%, to $18.1 million for the three months ended October 31, 2024, from $20.1 million for the same period in 2023[161] - Research and development expenses decreased by $9.9 million, or 11%, to $78.1 million for the nine months ended October 31, 2024, from $87.9 million for the same period in 2023[168] Investment and Capital Expenditures - Capital Expenditures as a Percentage of Revenue decreased to 14% for the three months ended October 31, 2024, from 16% for the same period in 2023, due to increased revenue from Civil Government and Defense[142] - The company expects capital expenditures and working capital requirements to continue to increase as it seeks to grow its business[181] Cash Flow and Liquidity - Net cash used in operating activities for the nine months ended October 31, 2024, was $8,079 thousand, an improvement from $43,874 thousand in the same period of 2023[183] - Cash and cash equivalents as of October 31, 2024, were $139.0 million, up from $83.9 million as of January 31, 2024[181] - Short-term investments as of October 31, 2024, were $103.3 million, down from $215.0 million as of January 31, 2024[181] - Net cash provided by investing activities for the nine months ended October 31, 2024, was $162.3 million from sales of available-for-sale securities and $57.0 million from maturities, offset by $105.6 million in purchases of available-for-sale securities[186] - Net cash used in financing activities for the nine months ended October 31, 2024, included $8.8 million for contingent consideration payments related to business acquisitions, primarily for the Sinergise acquisition[187] Strategic Initiatives - Planet aims to invest in sales, marketing, and software solutions to expand within existing verticals such as civil government, agriculture, and defense[119] - The company is focusing on expanding into new verticals and applications, targeting sectors like energy, infrastructure, finance, and consumer packaged goods[120] - Planet plans to continue developing new sensors and data sets to capture additional valuable data for its customers[129] - The company is enhancing its platform ecosystem to facilitate easier integration of its data and analytics into customer workflows[122] - Planet's strategy includes making its data more accessible to non-geospatial experts, which is expected to increase usage across broader audiences[125] - The company anticipates that its research and development expenditures will generally increase over time as it invests in making its data more digestible and accessible[125] Market Risks and Accounting Policies - The company has identified critical accounting policies related to revenue recognition, stock-based compensation, and business combinations, which are essential for understanding its financial results[188] - The company remains exposed to market risks including foreign currency exchange risk, interest rate risk, and inflation risk, with no material changes since January 31, 2024[191]

Exhibit 99.1 Planet Reports Financial Results for Third Quarter of Fiscal Year 2025 Awarded Contracts with NASA, US Department of Defense and Multiple International Governments Delivers Record GAAP Gross Margin of 61%, Up Over 1,400 bps YoY, and Record Non-GAAP Gross Margin of 64%, Up Over 1,200 bps YoY Achieves First Light with Tanager Hyperspectral Satellite; Delivers Data on Over 300 Methane and CO2 Emissions Sites; Enables First Mitigation Success Pelican-2 with NVIDIA Jetson Platform is Shipped and Rea ...

Lately, it feels like micro to mid-cap tech companies are taking off, pulling off insane one-month gains of 50% or more as we close out 2024. I’ve already covered a few big movers like VUZI (+121%), KINS (+53%),The mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering the Seeking Alpha investor compell ...

Planet Labs (PL -0.70%) stock slipped 3% through 9:50 a.m. ET Wednesday on what investors would ordinarily consider good news: another contract announcement.Planet revealed today that it has "expanded" a relationship with the Antinarcotics Directorate of the Colombian National Police (DIRAN), whereby the latter uses images from Planet Labs' Earth observation satellites to detect and help eradicate "illicit crop growth and harvest" (i.e. drug crops).More uses for Planet Labs' satellitesPlanet's satellites ca ...