Planet Labs Q1 Loss Widens, But Revenue Jumps 42%

Planet Labs reported a wider first-quarter loss year over year, though the increase was largely driven by a non-cash one-time charge. Revenue rose 42% on strong demand from government, defense, and commercial customers. The update is mixed: headline earnings were weaker, but top-line growth was robust.

Analysis

Planet Labs reported a wider first-quarter loss year over year, though the increase was largely driven by a non-cash one-time charge. Revenue rose 42% on strong demand from government, defense, and commercial customers. The update is mixed: headline earnings were weaker, but top-line growth was robust.