Planet Labs (PL, Financial) has secured a multi-year agreement with EMDYN, a European firm specializing in intelligence and security services. EMDYN plans to integrate Planet’s near-daily global satellite imagery and high-resolution SkySat data into its platform to enhance its capabilities in various sectors.
This collaboration aims to support EMDYN in delivering advanced solutions for defense operations, infrastructure monitoring, counter-terrorism, and risk management. By leveraging Planet Labs' satellite technology, EMDYN intends to provide its clients with cutting-edge tools for strategic decision-making and risk assessment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Planet Labs PBC (PL, Financial) is $5.53 with a high estimate of $8.00 and a low estimate of $3.50. The average target implies an upside of 77.73% from the current price of $3.11. More detailed estimate data can be found on the Planet Labs PBC (PL) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Planet Labs PBC's (PL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Planet Labs PBC (PL, Financial) in one year is $3.22, suggesting a upside of 3.54% from the current price of $3.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Planet Labs PBC (PL) Summary page.
PL Key Business Developments
Release Date: March 20, 2025
- Full-Year Revenue: $244.4 million, 11% year-over-year growth.
- Q4 Revenue: $61.6 million, 5% year-over-year growth.
- Non-GAAP Gross Margin: 60% for the full year, up from 54% the previous year.
- Q4 Non-GAAP Gross Margin: 65%, compared to 58% in the previous year.
- Full-Year Adjusted EBITDA Loss: $10.6 million.
- Q4 Adjusted EBITDA: Positive $2.4 million, marking the first quarter of adjusted EBITDA profitability.
- Backlog: Approximately $498.5 million, up 115% quarter over quarter.
- Net Dollar Retention Rate: 106%, with winbacks at 107%.
- End-of-Period Customer Count: 976 customers.
- Capital Expenditures: $49.6 million for the full year, approximately 20% of revenue.
- Cash and Equivalents: Approximately $222 million at the end of the quarter.
- Guidance for Fiscal 2026 Revenue: Expected between $260 million and $280 million.
- Guidance for Q1 Fiscal 2026 Revenue: Expected between $61 million and $63 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Planet Labs PBC (PL, Financial) achieved a record $244.4 million in revenue for the full year, representing an 11% year-over-year growth.
- The company reached its target of adjusted EBITDA positive in Q4, marking the first time in its history.
- A landmark $230 million commercial agreement was signed with JSAT, enhancing their satellite services market presence.
- Backlog increased to almost $0.5 billion, up over 100% year-over-year, indicating strong future revenue potential.
- The launch of 74 satellites, including Pelican and Tanager spacecraft, expanded their operational capabilities.
Negative Points
- The commercial sector faced headwinds, particularly in agriculture, with revenue down more than 10% year-over-year.
- Despite growth in other sectors, North America revenue grew only approximately 5% year-over-year, indicating regional challenges.
- The company reported a full-year adjusted EBITDA loss of $10.6 million, despite improvements.
- Capital expenditures were higher than expected, driven by timing of procurements for satellite and ground station infrastructure.
- The company anticipates continued variability in expenses and a potential adjusted EBITDA loss in the upcoming quarter.
