Planet delivered record results for the third quarter and forecast nearly $200 million in annual revenue.
Satellite imagery and data company Planet delivered quarterly results after market close on Wednesday, with the venture delivering record results and forecasting nearly $200 million in annual revenue.
The company has a variety of imagery satellites, both operating and in production, with about 200 in orbit.Will Marshall, Co-Founder & CEO of Planet Inc., celebrates his company’s listing on the floor of the New York Stock Exchange in New York City, December 8, 2021.reported record third-quarter revenue on Wednesday, forecasting nearly $200 million in annual revenue.
The company reported a third-quarter adjusted EBITDA loss of $12.4 million, just above the $12.3 million loss that Planet reported for the same period a year ago. But Planet reported a record revenue of $49.7 million for the third quarter, up 57% year over year.
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