LA PLATA, Maryland — Geospatial imagery constellation operator Planet Labs reported its third consecutive quarter of positive adjusted EBITDA and said it would report positive free cash flow for the full fiscal year, which ends Jan. 31.
The company said that its Q2, which ended July 31, was the first time it showed positive free cash flow for a 12-month period.
At a time when much of the geospatial sector is focused mainly on defense and intelligence business, Planet also reported a 6% increase in Commercial . . .
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