News flash! SPAC alum (Planet) actually meets pre-IPO revenue forecast (but misses on profit)

by Peter B. de Selding

PARIS — Geospatial imagery and analytics provider Planet Labs matched the fiscal-year 2022 revenue forecast that it presented to investors in the run-up to its SPAC-enabled stock-market introduction, but fell short on gross profit.

For fiscal-year 2023, Planet said it likely will miss its forecasts for both top-line revenue and gross profit, even if both are expected to grow substantially.

In a March 31 investor call, Planet Chief Financial Officer Ashley Fieglein Johnson said the unpredicted loss of a contract with the . . .

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