Planet Labs: With Q2 revenue up 19%, we’re on track to reach full-year goals; new investors clear way for NYSE listing

by Peter B. de Selding

PARIS — Geospatial imagery and analytics provider Planet Labs Inc. reported a 19% increase in revenue, to $30.4 million, for the three months ending July 31 and said it was on track to meet its forecast of $130 million in full-year revenue and a gross profit margin of 40%, or $52 million.

Just as important for its short term, Planet and its sponsor, special purpose acquisition company (SPAC) dMY Technology Group Inc. IV (dMY IV), said they had secured up to $52 million in new equity commitments, bringing . . .

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