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Satellite imaging play Planet Labs pops more than 50% after posting earnings beat, record revenue
PLPlanet Labs PBC(PL) CNBC·2025-06-06 00:12

his satellite image from Planet Labs PBC shows what appears to be a sunken Chinese submarine at a shipyard near Wuhan, China, June 15, 2024.The company on Wednesday posted its first-ever quarter of positive free cash flow, coming in at $8.0 million. Planet Labs also exceeded quarterly estimates on top and bottom lines, reporting record revenue for the period.Shares of satellite imagery company Planet Labs soared more than 50% during Thursday's trading session on the back of its strong first-quarter earnings ...