LA PLATA, Maryland— Planet Labs PBC reported record revenue for the three months ending Jan. 31, including a 20% increase in commercial revenue, to $17 million, which the company said results from a “reset” of its approach that is now bearing fruit.
Planet reported a negative $1million in adjusted EBITDA for the quarter but said it is maintaining course for positive EBITDA for the fiscal year ending Jan. 31.
Defense and Intelligence (D&I) remains the prime mover of Planet’s results, and increased 65%, to $94.2 . . .
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