Planet Labs PBC is trading 4.6% down at $41.55 in pre-market as the stock undergoes profit-taking and digestion following a sharp post-earnings rally.
- The company reported 42% year-over-year revenue growth to $94.2 million, beating non-GAAP EPS expectations and raising its full-year revenue guidance.
- Growth was driven by a 72% surge in backlog and significant demand within the government defense sector.