Continued Acceleration with Record First Quarter Revenue of $40.1 Million

Received Landmark EOCL Award by the U.S. National Reconnaissance Office (NRO)

Expects Revenue Growth Rate to More than Double YoY for FY’23

SAN FRANCISCO (Planet Labs PR) –Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for its fiscal first quarter for the period ended April 30, 2022, demonstrating accelerated growth and the momentum of its unique data subscription business.

SAN FRANCISCO (Planet Labs PR) — Today, we are excited to share that our wholly owned subsidiary, Planet Federal, expanded our contract with the National Reconnaissance Office (NRO) to provide the Department of Defense and Intelligence Community with continued access to Planet’s daily, unclassified satellite data. This contract modification expands NRO’s current access to now include monitoring over new areas of interest. 

The extension also includes continued integration efforts to make Planet’s deep archive – dating back to 2009 – and daily satellite data, available to NRO users through their Commercial GEOINT Integration (CGI) architecture. While Planet’s high-resolution SkySat data is already available through the CGI architecture, incorporating our medium-resolution PlanetScope data into the same system enables faster decision-making by providing users with data in a more user-friendly fashion. 

SPRINGFIELD, Va. (NGA PR) – The National Geospatial-Intelligence Agency’s primary unclassified delivery system now features small satellite commercial imagery, enabling federal government and international partners increased access to geospatial data to meet mission demands. 

The G-EGD system, first introduced in 2011, consisted of only of MAXAR/Digital Globe imagery, but the addition of Planet Federal and BlackSky Global data represents the first time that small satellite imagery has been integrated into the delivery system.