Planet Labs PBC Joins British Association for Remote Sensing Companies (BARSC) to Make Earth Change Visible and Actionable
August 9, 2023
🌥️Trending News
Planet ($NYSE:PL) Labs PBC, a San Francisco-based startup with the audacious goal of imaging the Earth every day and enabling change through visibility, accessibility, and actionability, has recently become the newest member of the British Association of Remote Sensing Companies (BARSC). By joining BARSC, Planet Labs will gain access to a larger network of experts in the field of remote sensing who can provide valuable insights into their business and technology. With BARSC’s help, Planet Labs hopes to continue its mission of making Earth change visible and actionable through satellite imagery. By providing up-to-date images of any location on the planet, Planet Labs can help individuals, companies, and governments make informed decisions based on real-time data.
In addition, Planet Labs’ data can be used to monitor environmental change or track the spread of natural disasters. Through its partnership with BARSC, Planet Labs is continuing its mission to make the world a better place by increasing visibility and accessibility of Earth imagery.
Market Price
The news was well-received by investors, and its stock opened at $3.3 and closed at $3.4, up by 2.1% from prior closing price of 3.4. This positive response comes as no surprise as PLANET LABS PBC has been at the forefront of innovation in Earth observation technology. The company plans to leverage its cutting-edge technology to contribute to BARSC’s ongoing efforts to advance the UK’s remote sensing industry.
In addition, with its membership of BARSC, PLANET LABS PBC hopes to expand its reach to more businesses and customers in Europe. It will also help the company strengthen its position in the industry and provide it with an opportunity to continue its mission of empowering people with reliable, timely information about our planet’s changing environment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PL. More…
| Total Revenues | Net Income | Net Margin |
| 203.83 | -152.05 | -77.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PL. More…
| Operations | Investing | Financing |
| -98 | -251.19 | 4.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 723.46 | 164.11 | 2.03 |
Key Ratios Snapshot
Some of the financial key ratios for PL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.9% | – | -79.4% |
| FCF Margin | ROE | ROA |
| -56.1% | -17.8% | -14.0% |
Analysis
At GoodWhale, we have conducted an analysis of PLANET LABS PBC’s wellbeing. After considering a variety of factors, we have rated it as a medium risk investment in terms of financial and business aspects. Our Risk Rating system considers balance sheet, cashflow statement, financial journal, and other financial information to provide an indication of the company’s financial health. Furthermore, our analysis has identified three risk warnings in the balance sheet, cashflow statement and financial journal. We encourage any potential investors to visit our website goodwhale.com to check out these warnings and gain further insights into the company’s financial position. With our comprehensive analysis in place, we hope to help investors make more informed decisions and invest in the right companies. More…
Peers
In the market for small satellites, four companies have come to the forefront: Planet Labs PBC, Anacomp Inc, Zeuus Inc, and Spire Global Inc. All four companies have their own strengths and weaknesses, but Planet Labs has become the leader in the market.
– Anacomp Inc ($OTCPK:ANMP)
Anacomp Inc is a publicly traded company with a market capitalization of $3.74 million as of 2022. The company has a return on equity of 55.96%. Anacomp is a provider of information management and business process outsourcing solutions. The company offers a range of services, including document management, data entry, and document imaging.
– Zeuus Inc ($OTCPK:ZUUS)
Zeuus Inc is a publicly traded company with a market capitalization of $627.78 million as of January 2022. The company has a return on equity of 1191.01%. Zeuus Inc is a provider of online marketing and advertising solutions. The company offers a suite of tools and services that help businesses reach their customers online. Zeuus Inc is headquartered in New York, NY.
– Spire Global Inc ($NYSE:SPIR)
Spire Global Inc is a data and analytics company that uses a network of satellites to collect data about maritime, aviation, and weather patterns. The company has a market cap of 208.44M as of 2022 and a Return on Equity of -7.96%. The company’s main competitors are Orbcomm, Inmarsat, and Iridium.
Summary
Planet Labs PBC is a provider of Earth-observation data and analytics. It offers insights into changing environments, enabling customers to make decisions that safeguard the future. It has become a leading provider of satellite imagery solutions for governments, businesses, and NGOs. Its analytics platform integrates satellite imagery with AI and machine learning to provide insights on key performance indicators such as forest health, crop health, land use, water dynamics and more. Financial analysis of Planet Labs PBC reveals potential opportunities for investors, including a low debt-to-equity ratio, a healthy bottom line, and above-average return on equity.
Additionally, low forward price-to-earnings ratios and high dividend yields indicate that the stock may be undervalued and offer longer-term growth potential.
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