Micro to mid-cap tech stocks, including Planet Labs, are seeing significant gains, but it's crucial to assess if fundamentals support these increases. Planet Labs shows promising revenue growth and strategic partnerships, particularly in the carbon credit market, but profitability remains a challenge. Despite mixed earnings and high expenses, Planet Labs' strong gross profit margins and low debt-to-capital ratio indicate potential long-term viability.
Planet Labs (PL -0.91%) stock slipped 3% through 9:50 a.m. ET Wednesday on what investors would ordinarily consider good news: another contract announcement.
Earth observation satellite operator Planet Labs (PL 9.
A French contract is keeping Planet Labs stock moving in the right direction.
On Friday, NASA named Planet Labs as one of eight companies participating in its Commercial SmallSat Data Acquisition Program. The eight companies will share in a four-year contract worth up to $476 million.
Planet Labs, despite recent Q3 guidance revision, shows potential with improving gross margins and shrinking losses, making it a tentative buy. The company provides valuable satellite imagery data to various sectors, leveraging AI and cloud computing for enhanced analysis. Strong balance sheet with ample cash and minimal liabilities offers flexibility for growth, despite current unprofitability and market competition.
Planet Labs mostly met sales and earnings guidance in its fiscal Q2 2025 earnings report last night. The space company still lost money, and it guided for weaker than expected revenue in Q3.
Planet Labs PBC PL reported worse-than-expected second-quarter sales results on Thursday.
Planet Labs PBC (NYSE:PL ) Q2 2025 Earnings Conference Call September 5, 2024 5:00 PM ET Company Participants Cleo Palmer-Poroner - IR Will Marshall - Co-Founder and CEO Ashley Johnson - President and CFO Conference Call Participants Ryan Koontz - Needham & Company Mike Latimore - Northland Kristine Liwag - Morgan Stanley Trevor Walsh - JMP Jason Gursky - Citi Anthony Valentini - Goldman Sachs Caleb Henry - Quilty Space Operator Hello, everyone. Thank you for attending today's Planet Labs PBC Second Quarter of Fiscal 2025 Earnings Call.
Planet Labs PBC (PL) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.14 per share a year ago.
Planet Labs (NYSE:PL) shares surged more than 15% after it announced the launch of its first hyperspectral satellite Tanager-1 and 36 SuperDoves (Flock 4BE) on Space'x Transporter-11 Rideshare mission on Friday. The launch will be from Vandenberg Space Force Base in California, with the launch window opening at 11.20am Pacific Time.