Planet Labs PBC (PL) revealed Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.
The company's earnings came in at -$30.1 million, or -$0.11 per share. This compares with -$37.8 million, or -$0.14 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn -$0.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.1% to $58.9 million from $53.0 million last year.
Planet Labs PBC earnings at a glance (GAAP) :
-Earnings (Q4): -$30.1 Mln. vs. -$37.8 Mln. last year.
-EPS (Q4): -$0.11 vs. -$0.14 last year.
-Revenue (Q4): $58.9 Mln vs. $53.0 Mln last year.
-Guidance:
Next quarter revenue guidance: $58 mln - $61 mln
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