The Recent York Stock Exchange welcomes Planet (NYSE: PL), Wednesday. December 8 to rejoice his listing. To rejoice the occasion, Will Marshall, co-founder and CEO, and Robert Schingler Jr., co-founder and chief strategy officer, together with Stacey Cunningham, president of the NYSE, call The Opening Bell®.
NYSE
Planet on Wednesday delivered one other record quarter of revenue, approaching the high end of its full-year revenue forecast.
“The fourth quarter ended an incredible year for Planet. Throughout the year, we nearly tripled our revenue growth rate,” Planet co-founder and CEO Will Marshall said in a press release.
The satellite imaging and data analytics company reported its adjusted EBITDA loss increased to $17.7 million within the fourth quarter from $16.7 million within the year-ago period. Net loss fell to $37.8 million, or 14 cents per share, from $46 million, or 26 cents. Planet brought in $53 million in revenue during this era, up 43% from $37.1 million a year earlier.
For the complete year, Planet’s revenue was $191.3 million – the upper end of the previously projected range of $188 million to $192 million.
Planet follows a fiscal year calendar that ends on January 31.
Enroll here for the weekly CNBC Investing in Space newsletter.
Planet CFO Ashley Johnson noted that the corporate ended the quarter with $408.8 million in money.
The corporate also makes its sixth acquisition to this point, signing an agreement to accumulate Slovenian satellite data analytics platform Sinergise. Financial terms haven’t been disclosed.
Planet said the acquisition of Sinergise, a long-time partner, is predicted to extend its access to European markets.