Planet Labs quarterly revenue jumps 58 percent to a record $116.1m
Planet Labs posted record quarterly revenue of $116.1m for the three months ended July 31.
That was a 58 percent increase from a year earlier. Adjusted EBITDA profit rose to $13.9m from $6.4m, while the company recorded a GAAP net loss of 3 cents a share.
Backlog reached about $814.9m.
Cash, cash equivalents and short-term investments ended the quarter at $865.4m. Planet raised about $120m during the quarter through stock sales, at an average net price of $31.95 a share after expenses.
