{"id":20385,"date":"2023-06-09T06:45:10","date_gmt":"2023-06-09T10:45:10","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/planet-labs-stock-plummets-16-on-guidance-miss\/"},"modified":"2023-06-09T06:45:11","modified_gmt":"2023-06-09T10:45:11","slug":"planet-labs-stock-plummets-16-on-guidance-miss","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=20385","title":{"rendered":"Planet Labs stock plummets 16% on guidance miss"},"content":{"rendered":"
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Planet Labs stock plummets 16% on guidance miss<\/span>
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Planet Labs PBC <\/span><\/span> (NYSE:)\u00a0shares plunged more than 16% after-hours following the company\u2019s reported . While EPS of ($0.13) beat the consensus of ($0.15) and revenue of $52.7 million (up 31% year-over-year) was roughly in line with the consensus of $52.92M, management\u2019s outlook disappointed investors.<\/p>\n

Percent of recurring annual contract value (ACV) for Q1 was 93%. End of Period (EoP) customer count grew 9% year-over-year to 903 customers.<\/p>\n

For Q2\/24, the company expects revenue in the range of $53-$55M, missing the consensus estimate of $60.7M. Non-GAAP gross margin is seen at 48%-49%<\/p>\n

For the full year, the company expects revenue in the range of $225-$235M, below the consensus estimate of $257M. Non-GAAP gross margin is seen at 52%-54%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Planet Labs stock plummets 16% on guidance miss Planet Labs PBC (NYSE:)\u00a0shares plunged more than 16% after-hours following the company\u2019s reported . While EPS of ($0.13) beat the consensus of ($0.15) and revenue of $52.7 million (up 31% year-over-year) was roughly in line with the consensus of $52.92M, management\u2019s outlook disappointed investors. Percent of recurring […]<\/p>\n","protected":false},"author":1,"featured_media":20386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-20385","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nPlanet Labs stock plummets 16% on guidance miss | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Planet Labs stock plummets 16% on guidance miss Planet Labs PBC (NYSE:)\u00a0shares plunged more than 16% after-hours following the company\u2019s reported . 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