Planet Labs PBC is an Earth-imaging company. It uses space to help life on Earth by imaging the world every day and making change visible, accessible, and actionable. Its platform includes imagery, insights, and machine learning that empower companies, governments, and communities around the world to make timely decisions about the evolving world. Its solutions are Broad Area Management. Its products are Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, Planet Insights, and Platform Pricing. The group provides solutions to the Agriculture Science Program, Energy & Infrastructure, Forestry & Land Use, Mapping, Sustainability, Maritime, Civil Government, U.S. State and Local, Europe, Planet Federal, Defense & Intelligence, and Armed Services.

Planet Labs ($PL) reported strong Q2 earnings with revenue up 20% year-over-year to $73.4 million, gross margins accelerating, and backlog increasing. Full-year guidance raised to $281-289 million with cash reserves also up. Stock price rose 14% in response. Backlog at $736 million, up 245% year-over-year, indicating strong future revenue potential. Company moving closer to profitability and securing big government contracts. Market cap of $1.9 billion seen as undervalued.