Planet Labs Pbc Stock Price, News & Analysis

Planet Labs PBC (NYSE: PL) announced that CFO Ashley Johnson will present at the 25th Annual Needham Growth Conference on January 10, 2023, at 3 p.m. ET in New York City. The event will feature a moderated fireside chat led by Ryan Koontz from Needham & Company, LLC. Interested attendees can reach out to their Needham contact for registration details. A webcast of the presentation will be available, with a replay accessible for 90 days on Planet's investor relations webpage. Planet provides daily satellite imagery and geospatial solutions, serving over 800 customers globally.

Planet Labs plans to launch 36 SuperDove satellites on SpaceX's Falcon 9 rocket on January 3, 2023, at 9:56 a.m. ET. This launch will replenish Planet's fleet of around 200 satellites, enhancing its capabilities to provide daily Earth data and insights. Equipped with advanced spectral bands, the satellites support various industries, including agriculture and government. Additionally, a number of SuperDoves will showcase artwork honoring Star Trek creator Gene Roddenberry as part of a collaboration with The Roddenberry Foundation.

Planet Labs PBC (NYSE: PL) has partnered with the Roddenberry Foundation to launch fan art-inspired SuperDove satellites aboard a SpaceX Falcon 9 rocket during the Transporter-6 mission. This initiative celebrates Gene Roddenberry's legacy of hope and inclusiveness from Star Trek. The Boldly Go Campaign invited over 1,500 submissions focusing on themes like diversity and optimism, which will be reflected on the satellites. Planet's satellite constellation provides vital insights for businesses and governments, enhancing environmental and social change.

Planet Labs PBC (NYSE: PL) reported a record Q3 revenue of $49.7 million, increasing 57% year-over-year. The company's GAAP gross margin expanded to 50%, up from 34% in the previous year, while Non-GAAP gross margin reached 54%. Planet has raised its FY 2023 revenue guidance to $188-192 million, expecting approximately 45% growth at the midpoint. With a strong customer count increase and strategic partnerships with firms like Accenture and AWS, Planet's outlook remains robust amid shifting global needs.

Planet Labs PBC (NYSE: PL) has announced a collaboration with Amazon Web Services to integrate geospatial data within Amazon SageMaker, enhancing machine learning capabilities for their customers. This partnership allows users to access daily satellite imagery, facilitating quicker model training and visualization. With the integration, Planet's satellite data can streamline processes previously deemed complex and inaccessible. The new tools significantly reduce training times, enabling operational efficiencies for users in various industries.

Planet Labs PBC (NYSE: PL) has secured a contract with ZEP-RE, a Nairobi-based reinsurance company, to utilize Planet’s Basemaps products. This initiative aims to enhance drought risk protection across the Horn of Africa, covering over 600,000 km² of Eastern Africa. By employing PlanetScope imagery, ZEP-RE will develop a drought index to support over 250,000 pastoralists, helping to determine payouts and premium rates. This program showcases Planet’s innovative use of satellite data for agricultural index insurance, underlining its commitment to leveraging technology for impactful solutions.

Planet Labs PBC (NYSE:PL) is scheduled to release its fiscal Q3 2023 financial results on December 14, 2022, after market close. A conference call to discuss these results and the company's business outlook will occur at 5:00 p.m. ET. Planet Labs specializes in daily satellite imagery and geospatial solutions, capturing over 30 terabytes of data per day to serve more than 800 customers, including top firms in agriculture, finance, and government.

Planet Labs PBC (NYSE: PL) has announced an expansion of its partnership with Microsoft to leverage AI and satellite data for climate adaptation projects in Africa. This collaboration aims to empower local data scientists with access to satellite imagery to inform early warning systems. The initiative includes the Global Renewables Watch, a project mapping utility-scale solar and wind installations globally. Additionally, Planet's previous work with Microsoft involved assessing building damage in Ukraine. The partnership emphasizes the use of technology to address climate change and humanitarian challenges.