Planet Labs recipe: Add cash to sales/marketing, let simmer and serve: FY 2023 revenue to be up 39%

by Peter B. de Selding

UPDATE June 15: This story has been updated to include a Planet statement on its future Pelican satellites and the NRO's EOCL contract.

PARIS — Satellite geospatial imagery provider Planet Labs reported a 26% increase in revenue for the three months ending April 30 compared to a year ago and higher gross margins and said revenue for the full year, ending Jan. 31, 2023, would be up 39%.

NRO contract: $145.9M over five years, front-loaded so that $89M is received in first two years

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