Planet Labs Grows Quickly. Its Stock -- Not So Much.
By now you've heard the news.
Planet Labs PLC (NYSE: PL), the space stock that that went public by way of a SPAC IPO last December with a promise of 47% annual revenue growth ($191 million) in its first full year as a public company, reported earnings and gave new guidance last week. The results were mixed. On the one hand, the company "missed" on earnings, reporting a $0.17 per share loss where Wall Street had predicted only a $0.15 per share loss. On the other hand, Planet "beat" revenue expectations, collecting $40.1 million in the quarter.
But it was the third hand that may matter most: According to Planet, the way things are shaping up this year makes it all but certain Planet will not hit $191 million in revenue this year.
Source Fool.com
