Changes in US stocks | Q3 adjusted EBITDA profit Planet Labs PBC (PL.US) opened and surged more than 20%

The Zhitong Finance App learned that on Thursday, Planet Labs PBC (PL.US) opened surged more than 20%, approaching the previous record high of October, and is now reporting $15.60. According to the news, the company's third-quarter revenue was $81.3 million, up 33% year over year. Non-GAAP gross margin was 60% for the quarter. Adjusted EBITDA profit was USD 5.6 million, achieving adjusted EBITDA profit for the fourth consecutive quarter. Positive free cash flow was achieved for the third consecutive quarter, and free cash flow is expected to remain positive throughout the fiscal year.

The company expects fourth-quarter revenue to be between $76 million and $80 million, an increase of about 27% over the same period last year (calculated at midpoint). Non-GAAP gross margin for the fourth quarter is expected to be between 50% and 52%. Adjusted EBITDA losses for the fourth quarter are expected to be between $7 million and $5 million due to further investment in artificial intelligence solutions and next-generation fleets.