Planet Labs PBC (PL)
Market Cap | 1.35B |
Revenue (ttm) | 175.43M |
Net Income (ttm) | -170.09M |
Shares Out | 272.10M |
EPS (ttm) | 0.82 |
PE Ratio | 6.05 |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,074,170 |
Open | 5.01 |
Previous Close | 5.04 |
Day's Range | 4.90 - 5.10 |
52-Week Range | 3.70 - 7.52 |
Beta | n/a |
Analysts | Buy |
Price Target | 9.56 (+92.74%) |
Earnings Date | Mar 29, 2023 |
About PL
Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, an... [Read more]
Financial Performance
In 2022, PL's revenue was $131.21 million, an increase of 15.94% compared to the previous year's $113.17 million. Losses were -$137.12 million, 7.88% more than in 2021.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for PL stock is "Buy." The 12-month stock price forecast is $9.56, which is an increase of 92.74% from the latest price.
News

Investing in Space: Doing well to do good
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Planet and NASA Harvest Launch Commercial Partnership to Enable and Advance Food Security Offering to Deliver Policy-Grade Agricultural Assessments
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, and NASA Harvest, the federal space agency's Global Food Security and Agricultu...

Planet Completes Acquisition of Salo Sciences
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the completion of its acquisition of Salo Sciences, a San Franc...

Planet Scales Education and Research Program
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new, scaled structure for their Education and Research (E&R) ...

36 Planet SuperDoves Successfully Launch on SpaceX's Falcon 9 Rocket
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today successfully launched 36 SuperDove satellites, its Flock 4y, to space abo...

Planet to Present at Needham 25th Annual Growth Conference on January 10th, 2023
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Ashley Johnson, CFO and COO at Planet, will present at the...
Planet Labs ($PL) Announces Plans to Launch 36 SuperDove Satellites on SpaceX Falcon 9 Rocket
Planet Labs (NYSE: PL) a leading provider of daily data and insights about Earth, has announced plans to launch 36 of its SuperDove satellites, Flock 4y, on a SpaceX Falcon 9 rocket. The launch is sch...

Satellite imagery venture Planet delivers record quarter, sees annual revenue nearing $200 million
Planet delivered record results for the third quarter and forecast nearly $200 million in annual revenue.

Planet Reports Financial Results for Third Quarter of Fiscal Year 2023
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for its fiscal th...

ZEP-RE and Planet Collaborate on Drought Insurance Program in Africa
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new contract with ZEP-RE, a reinsurance company based in Nair...

Accenture and Planet to Collaborate on AI-Powered Geospatial Intelligence Tools for Sustainability, Traceable Supply Chain and Climate Risk Solutions
NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Accenture (NYSE: ACN), through its Accenture Ventures Project Spotlight initiative, has entered into a collaboration agreement with Planet Labs PBC (NYSE: ...

Planet to Announce Fiscal Third Quarter 2023 Results on Wednesday, December 14, 2022
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal third quarter 2023 financial...

Maxar Technologies (US) and Planet Labs PBC (US) are the Key Players in the Remote Sensing Services Market [2022-2027]
The Remote Sensing Services Market size is projected to grow from USD 13.2 billion in 2022 to USD 26.6 billion by 2027, at a CAGR of 14.9%. The Remote Sensing Services Market size is projected to grow...

Microsoft and Planet Expand Partnership to Provide AI and Satellite Data for African Climate Adaptation Projects
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, and Microsoft Corp. announced an expanded partnership to apply artificial intel...

Planet Announces Board Expansion with Addition of Kristen Robinson
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Kristen Robinson will be joining Planet's Board of Directo...

Seeing African Restoration from Space: Planet and Justdiggit Enable Nature-based Solutions to Regreen the Land
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today shared that Justdiggit, a Dutch non-profit organization dedicated to supp...

Planet Launches Nonprofit Program to Empower Mission-Driven Organizations with More Access to Timely, Global Satellite Data
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the launch of its Nonprofit Program, an offering that provides ac...

NASA Extends Contract with Planet Granting Access to Planet Data to over 300,000 Scientists
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced NASA has exercised an option to extend its contract with Planet un...

Planet Labs PBC Investor Day Scheduled for October 12th, 2022
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, is holding its previously announced Investor Day in S...
5 Space Stocks Rocketing Humanity Toward The Final Frontier: Rocket Lab, Virgin Galactic, and 3 more
While Elon Musk's SpaceX is attempting to make humans multi-planetary, a number of publicly traded space stocks are forging ahead with plans to deliver massive payloads to space, provide access to hig...

2 Small Caps for Growth-Focused Investors
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Planet prepares to launch another line of imagery satellites to expand data-gathering operations
Planet is adding another type of imagery satellites to its product line, in the latest expansion of the data the company gathers from its networks in orbit.

Planet Announces New Details of Hyperspectral Offering
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced new details of its commercial hyperspectral constellation, which ...