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Posted by
Two Blokes Jun 6 -
Filed in
Stock
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9 views
Planet Labs is capitalizing on expanding satellite imaging demand, securing major contracts in defense, agriculture, and climate, with strong recurring revenue and growing backlog. Despite robust gross margins and positive free cash flow, the company remains unprofitable, with high capital expenditures and negative EBITDA, EBIT, and net income margins. Valuation is steep, trading at significant premiums to sector averages, justified by growth potential but undermined by cash flow losses and capital intensity.
