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$PL Q2 2023
A few highlights from the quarter:
- Accelerating revenue growth (+59% Y/Y)
- Increasing customer spend (125% net dollar retention rate vs. 105% in Q1)
- Gross margin +1400 basis points since Q3 2022 (quarter prior to going public)
- Continued operating leverage (OpEx at 136% of revenue vs. 191% in Q4 2022)
- Second consecutive quarter raising guidance
If you're interested in reading more, I shared a few thoughts here.
Seeking Alpha
Planet Labs: A Statement Quarter (NYSE:PL)
Planet Labs' revenue growth continues to accelerate, driven largely by existing customers' growing spend. Read why I'm encouraged by PL's results and confidence in management.
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