Planet Labs Pbc - PL STOCK NEWS

Planet Labs PBC (NYSE: PL) has announced a multi-year expansion agreement with onX, a digital navigation provider for outdoor recreation. The partnership enables onX to access Planet's near-daily satellite data for their outdoor recreation apps, including onX Hunt, Offroad, Backcountry, and Fish.

Through this collaboration, onX has integrated Planet's bi-weekly mosaic data into their 'Recent Imagery' feature, which was recognized as one of TIME magazine's Best Inventions of 2023. The feature overlays satellite imagery on 2D and 3D elevation models, allowing users to monitor conditions like snowfall, seasonal changes, and environmental impacts.

Planet's satellite fleet provides twice-detailed imagery compared to other sources, covering Earth's landmass through their PlanetScope datastream. This partnership supports the U.S. outdoor recreation market, which generates $887 billion in annual consumer spending, supports 7.6 million American jobs, and contributes $125 billion in tax revenue.

Planet Labs PBC (NYSE: PL) has signed a new contract with the European Space Agency to support the Greek National SmallSat Programme, funded by the Recovery and Resilience Fund Greece 2.0. The agreement enables Greece to utilize Planet's PlanetScope data for developing downstream services for their national satellite program.

The Hellenic Space Center will coordinate Planet's satellite data integration across downstream projects. PlanetScope provides near-daily Earth landmass scanning at 3-meter resolution, offering a decade-long historical archive of Earth observation data.

This partnership aims to accelerate innovation in Greece's national space services and ensure effective integration with their national space assets. The contract was made possible through ESA's Third Party Mission programme, adding to Planet's growing portfolio of international government partnerships.

Planet Labs PBC (NYSE: PL) has released the first light images from its Pelican-2 satellite, captured on March 12, 2025, showing Thailand's Port of Laem Chabang from an altitude of 506 km. The satellite, launched on SpaceX's Transporter-12 Rideshare mission on January 14, 2025, joins Pelican-1 in Planet's next-generation fleet.

Pelican-2 features enhanced capabilities including:

• 6 multispectral bands optimized for cross-sensor analysis
• 50 cm tasked imagery with potential for 40 cm class imagery
• NVIDIA Jetson platform for on-orbit computing
• Reduced downlink latency

The satellite is currently undergoing commissioning and calibration work, with plans to lower it to operational altitude. Planet Labs intends to launch additional Pelican satellites this year to expand their high-resolution imaging capabilities for applications ranging from defense monitoring to disaster response.

Planet Labs PBC (NYSE: PL) reported its Q4 and FY2025 financial results, achieving record revenue and margin improvements. Q4 revenue grew 5% YoY to $61.6M, while full-year revenue increased 11% to $244.4M. The company reached its first-ever quarter of Adjusted EBITDA profitability at $2.4M.

Key highlights include a $230M commercial agreement with SKY Perfect JSAT for Pelican satellites, selection for NGA's Luno B IDIQ contract, and successful deployment of Pelican-2 and Tanager hyperspectral satellites. The company ended Q4 with 976 customers, 97% recurring revenue, and $222.1M in cash and equivalents.

Q4 gross margin improved to 62% from 55% YoY, while full-year margin rose to 57% from 51%. FY2025 net loss was $123.2M, improved from $140.5M in FY2024. For FY2026, Planet projects revenue between $260M-$280M with an expected Adjusted EBITDA loss of ($13M) to ($7M).

Syngenta and Planet Labs PBC (NYSE: PL) have expanded their multi-year strategic partnership to provide farmers worldwide with near-daily satellite imagery access through Syngenta's Cropwise digital agriculture platform. The collaboration integrates Planet's 3-meter resolution satellite imagery from their Dove constellation, enabling farmers to monitor crop health, detect pests, and identify diseases remotely.

The partnership enhances Syngenta's digital offering with advanced remote sensing capabilities, including Variability Index, Productivity Zones, NemaDigital, and Anomaly Detection. Syngenta will gain expanded access to Planet's high-resolution tasking data, PlanetScope satellite data, and Planet Insights Platform to develop new broad area management applications and advance precision agriculture research.

The initiative aims to help farmers make data-driven decisions while maintaining control over their information through sophisticated AI and machine-learning algorithms, ultimately promoting sustainable farming practices and improved crop yields worldwide.

Planet Labs PBC (NYSE: PL) has announced a partnership with Anthropic to utilize their advanced AI model Claude for analyzing satellite imagery data. The collaboration aims to combine Planet's extensive daily Earth observation dataset with Claude's sophisticated pattern recognition and reasoning capabilities.

The partnership focuses on transforming how satellite data is processed and understood, enabling near real-time pattern recognition and anomaly detection at a global scale. The integration could benefit various sectors, from government surveillance and agricultural optimization to firefighting and conservation efforts.

The announcement follows Planet's AI Symposium, where experts discussed the convergence of AI and Earth observation data. Both Planet and Anthropic, as Public Benefit Companies, emphasize their commitment to responsible innovation and technical advancement in AI and satellite data analysis.

Ocean Ledger has secured a $900K pre-seed investment led by Ananda Impact Ventures and Silverstrand Capital to scale its coastal risk management solutions. The geospatial analytics startup leverages satellite imagery, machine learning, and site-level data to forecast coastal shoreline and environmental changes.

The company offers 13 in-house data products focusing on natural capital accounting and coastal erosion, providing high-resolution analytics for infrastructure assessment. Their solution addresses a critical market need, as climate-induced infrastructure losses could reach $4 trillion over the next 15 years, with 78% of insured catastrophe losses ($18.2 billion) in 2024 attributed to flooding.

Led by CEO Paige Roepers, along with coastal remote sensing expert Dr. Dimos Traganos and data scientist Dr. Jeremiah Nieves, Ocean Ledger has partnered with Planet Labs PBC (NYSE: PL) and is developing new insurance products, including long-term catastrophe bonds.

Planet Labs PBC (NYSE: PL) has announced an expanded multi-year enterprise license agreement with Bayer, enhancing their agricultural operations through satellite imagery and analytics. The agreement provides Bayer with access to Planet's suite of products including PlanetScope, Tasking, Fusion, Basemaps, and Planetary Variables.

The collaboration enables Bayer to make data-driven agronomic decisions using high-frequency, high-resolution imagery for improved field monitoring, trial oversight, and crop performance optimization. The partnership focuses on advancing regenerative agriculture and enhancing productivity through geospatial intelligence.

Through this expanded relationship, Bayer teams can integrate satellite insights into their workflows more efficiently, supporting the development of innovative solutions for climate-smart agriculture and supply chain resilience.

Planet Labs PBC (NYSE:PL) has announced it will release its fiscal fourth quarter and full year 2025 financial results after market close on Thursday, March 20, 2025. The results will cover the fiscal year ended January 31, 2025.

The company will host a conference call and webcast to discuss financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT on the same day. The webcast will be available on Planet's Investor Relations website and archived for replay approximately two hours after the event. Interested participants can pre-register for both the webcast and dial-in options through provided links.