Planet Labs PBC (NYSE:PL) on Thursday reported better-than-expected fourth-quarter sales results and issued FY27 guidance above estimates.
Planet Labs reported quarterly revenue of $86.82 million, which beat the consensus estimate of $78.53 million and was up from $61.55 million in the same period last year, according to Benzinga Pro.
“Planet had a transformational year driven by strong momentum in satellite services, including most recently with Sweden, as well as launching 40 satellites, and inking an R&D partnership with Google to explore data centers in space,” said Will Marshall, CEO of Planet.
Planet Labs expects first quarter revenue in a range of $87 million to …