Reported 3 days ago
Planet Labs, a tech company focusing on satellite data collection, has seen its stock price rise over 90% in the past year. Despite achieving record revenues and reducing losses, it remains unprofitable, ending the third quarter with a net loss of $20.1 million. The company aims for adjusted EBITDA profitability by early 2025 while exploring new industries to boost revenue. While Planet Labs shows potential for long-term growth, investors may want to wait for a more favorable stock price or results before buying.
Source: YAHOO