Planet delivered mixed results with muted topline growth but better than expected AEBITDA results. Q2 revenues grew 11% y/y, representing Planet’s weakest growth rate as a public company. Planet’s AEBITDA loss increased by $4M y/y to ($14.5M) but handily beat the consensus estimate of ($18.6M).
Planet Labs (PL) Initiation of Coverage
Aug 8, 2023
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