TUPPER LAKE, NY — Geospatial imagery and services provider Planet Labs PBC, after two major restructurings and staff reductions since mid-2023, reported its sixth consecutive quarter of growth and is all but certain to reach its goal of becoming adjusted EBITDA positive for the three months ending Jan. 31, 2025.
Planet’s improving performance is coming as its non-U.S. business is growing faster than than its US business. For the three months ending Oct. 31, 56% of Planet’s revenue was generated from customers outside the United States.
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