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Planet Labs sees Q3 revenue $54M-$56M, consensus $57.03M
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Planet Labs sees Q3 revenue $54M-$56M, consensus $57.03M

For the third quarter of fiscal year 2024, ending October 31, 2023, Planet expects revenue to be in the range of approximately $54 million to $56 million, representing approximately 11% year-over-year growth at the midpoint. Non-GAAP Gross Margin is expected to be in the range of approximately 50% to 52%. Adjusted EBITDA loss is expected to be in the range of approximately ($15) million and ($13) million. Capital Expenditures as a Percentage of Revenue is expected to be in the range of approximately 22% to 25% for the quarter.

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