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Planet Labs lowers revenue guidance amid losses  

Company stock took 25% hit following earnings report  

Joseph GordonbyJoseph Gordon
June 15, 2023
in News, Strategy and Markets
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Satellite imaging company Planet Labs reported a net loss of $34.4 million for the first fiscal quarter, which ended April 30, an improvement from a net loss of $44.3 million in the corresponding quarter last year. The company’s stock has fluctuated since reporting its earnings, taking a 25% dip after the report.  Demand for satellite […]

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