Planet Reports Financial Results for First Quarter of Fiscal Year 2027
Planet reported Q1 revenue of $94.2 million, up 42% year-over-year, while backlog grew 72% to over $906 million, providing strong visibility into future growth. The company ended the quarter with $731 million in cash, cash equivalents, and short-term investments, a 223% increase, bolstered by the redemption of public warrants which generated approximately $108 million. For the full fiscal year 2027, Planet expects revenue between $425 million and $441 million and guided to its first full year of Adjusted EBITDA profitability.
Key figures
- Revenue
- 94200000
- Guidance
- FY27 revenue $425M-$441M; Adj EBITDA profit $0-$10M
- Revenue Yoy
- 42%
- Rpo
- $816 million
- Backlog
- $906 million
- Adj ebitda
- ($1.0) million
- Cash position
- $731 million
- Free cash flow
- ($2.5) million
- Gross margin gaap
- 54%
- Net cash from ops
- $15.4 million
AI analysis
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