Planet Labs beats by $0.03, beats on revs; guides Q4 revs above consensus
- Reports Q3 (Oct) net of breakeven, excluding non-recurring items, $0.03 better than the FactSet Consensus of ($0.03); revenues rose 32.6% year/year to $81.25 mln vs the $72.19 mln FactSet Consensus.
- Increased RPOs +361% YoY to $672 mln; Backlog +216% YoY to $734 mln.
- Co issues upside guidance for Q4, sees Q4 revs of $76-80 mln vs. $73.64 mln FactSet Consensus.
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