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0.00111731843575417 0 -0.00167597765363135 -0.00391061452513968 -0.0111731843575421 -0.0201117318435756 -0.00558659217877103 0.00167597765363115
Stock impact report

Market Fetes Planet Labs' Earnings Beat, But High Multiples, Dilution Risks Loom [Seeking Alpha]

Planet Labs PBC Class A (PL) 
Company Research Source: Seeking Alpha
PL's Q3 revenue growth is driven almost entirely by Defense and Intelligence, with commercial and civil sectors stagnating or declining. Convertible notes pose imminent dilution risk, potentially increasing shares outstanding by 12% if current prices persist. Despite progress toward break-even, PL's fundamentals do not justify a 15x book value multiple; profit-taking is advised. loops7/iStock via Getty Images When last we touched on Planet Labs PBC ( PL ) in October, the stock had just surged on revenue growth centered around their plan to transition from a data-first company to a satellite maker. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship w Show less Read more
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