For fiscal year 2024, Planet expects revenue to be in the range of approximately $248 million to $268 million, representing approximately 35% year-over-year growth at the midpoint. Non-GAAP Gross Margin is expected to be between approximately 57% to 61%. Adjusted EBITDA loss is expected to be between approximately ($47) million and ($37) million. Capital Expenditure as a Percentage of Revenue is expected to be between approximately 18% to 21% for the full fiscal year 2024.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PL:
- Planet Labs PBC options imply 11.7% move in share price post-earnings
- Planet Labs Pbc (PL) Q4 Earnings Cheat Sheet
- Planet Labs awarded contract for hyperspectral capabilities by NRO
- ‘Worth a Roll of the Dice’: Ray Dalio’s Bridgewater Bets on These 2 ‘Strong Buy’ Stocks
- Planet and ASU team to build global scale solutions for sustainability