Earnings

Record quarter as revenue climbs

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Will Marshall, Co-Founder & CEO of Planet Inc., celebrates his company’s listing on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021.

Brendan McDermid | Reuters

Satellite imagery and data company Planet reported record third-quarter revenue on Wednesday, forecasting nearly $200 million in annual revenue.

“Planet’s growth continues to be underpinned by global, secular tailwinds that are driving demand for our solutions,” cofounder and CEO Will Marshall said in a statement.

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…



Source cnbc.com

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