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Planet Labs Pbc  (PL)
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    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology

Planet Labs Pbc's

Competitiveness


 

PL Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Planet Labs Pbc reported Revenue decrease in the 4 quarter 2023 year on year by -42.93 %, despite the revenue increase by the most of its competitors of 27.17 %, recorded in the same quarter.

List of PL Competitors





Revenue Growth Comparisons




Net Income Comparison


Planet Labs Pbc, faster than the decline experienced by the competitors recorded a net loss, as well as most of its competitors.

<<  PL Stock Performance Comparisons


Planet Labs Pbc's Comment on Competitors and Industry Peers


Competition in Satellite Imagery: We see the satellite imagery industry as mainly divided between incumbents, such as Airbus and Maxar, and next generation players, such as BlackSky, Satellogic, and CG Satellite. Incumbents have typically hosted a limited number of active satellites which operate on a one-to-one tasking system. These satellites are typically very high cost with very high resolution, best suited for government use cases. Incumbent satellite data providers have primarily served national governments and other traditional satellite imagery industries, often with tight integrations into the classified systems they serve.
Next generation satellite imagery companies have developed satellites that are lower cost and smaller in size, and have a stated ambition to increase the presence of their fleets within Earth?s orbit. These providers have indicated that they intend to use and process the data that they capture in order to provide analytics to customers. As of the date of this report, we believe the scale of our satellite fleet, revenue, and business exceed the next-generation satellite data companies that compete with us.
Competition in Data Analytics: We also compete with data analytics platforms that use geospatial data from a variety of sources to provide analytics services to their customers. These companies include Orbital Insights, Descartes Labs, and GeoSpatial Insight.
Many data analytics providers rely on partnerships with satellite imagery companies in order to source the data necessary to run their analytics platforms. We partner with a number of these companies to provide data for their platforms for certain use cases while also providing analytical tools and services directly to our own customers. We believe these relationships are advantageous to us over the long-term, as they enable new opportunities.



  

Overall company Market Share Q4 2023

Overall company, revenue fell by -42.93 % and company lost market share, to approximately 0.21 %.




<<  More on PL Market Share.
 
*Market share is calculated based on total revenue.

  News about Planet Labs Pbc Contracts

Planet Labs PBC Expands Partnership with BASF Digital Farming to Enhance Smart Farming Solutions Using Satellite Data

Planet and BASF Digital Farming Expand Strategic Partnership to Enhance Smart Farming Solutions From SpacePlanet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, has recently announced an expansion of its existing commercial partnership with BASF Digital Farming GmbH. Through this strategic collaboration, BASF Digital Farming will increase its utilization of Planet satellite data products to enhance its advanced digital farming products and services offered under its xarvio Digital Farming Solutions brand.Over the years, the need for advanced digital solutions in agriculture has grown significantly. Farmers are increasingly turning to technology to improve efficiency, reduce co...

Planet Labs PBC and ZEP-RE Extend Partnership to Enhance Drought Risk Protection in the Horn of Africa Amidst Revenue Decrease and Market Share Challenges

ZEP-RE Extends Planet Partnership for Drought Insurance Program in Horn of AfricaIn a recent press release, Planet Labs PBC announced the extension of its contract with ZEP-RE, an African reinsurance company based in Nairobi, Kenya. This partnership aims to enhance drought risk protection in the Horn of Africa (HOA) through the utilization of Planet's insurance solutions. The successful first year of collaboration has paved the way for a continued partnership lasting until October 2027.Planet Labs PBC, a leading provider of daily data and insights about Earth, has been working closely with ZEP-RE to develop innovative solutions to combat the devastating effects of drought in the HOA region. Their shared goal...

Planet Labs Empowers Farmers and Analysts with Upgraded Crop Biomass Planetary Variable and Enhanced Integration Opportunities

Planet Labs Enhances Crop Biomass Planetary Variable with Daily PlanetScope Data IntegrationSAN FRANCISCO - Planet Labs PBC (NYSE: PL), a renowned provider of daily data and insights about Earth, recently unveiled improvements to its Crop Biomass Planetary Variable. The upgrade includes the integration of its daily, global PlanetScope data, further enhancing the analysis and monitoring capabilities for agricultural fields. The integration of radar and optical signals within Crop Biomass offers agronomists and farmers valuable insights into the status of their operations and aids in better decision-making.The addition of PlanetScope's cloud-free, analysis-ready data to the Crop Biomass Planetary Variable is ...





Who are Planet Labs Pbc's Competitors?




Adtran Holdings Inc
Share Performance



-39.22%
One Year



Adtran Holdings Inc
Profile

Adtran Holdings Inc is a telecommunications equipment supplier and software development company.

More about Adtran Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 413.110 mill. $ 954.032 mill. $ -117.362 mill.


Astra Space Inc
Share Performance



-67.66%
This Quarter



Astra Space Inc
Profile

Astra Space Inc's business model is centered around providing launch services for small satellites, aiming to streamline and improve access to space through affordable and frequent launches using their Rocket 3.0 launch vehicle.

More about Astra Space Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 9.204 mill. $ - mill. $ -132.951 mill.


Blacksky Technology Inc
Share Performance



-23.65%
This Quarter



Blacksky Technology Inc
Profile

is a leading provider of real-time geospatial intelligence

More about Blacksky Technology Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 162.412 mill. $ 100.331 mill. $ -52.354 mill.


Calamp Corp
Share Performance



-91.63%
One Year



Calamp Corp
Profile

Calamp Corp is a technology company that specializes in providing wireless communication solutions and services. They offer a wide range of products, including telematics devices, software platforms, and mobile resource management solutions, catering to various industries such as transportation, logistics, and industrial sectors.

More about Calamp Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5.419 mill. $ 289.630 mill. $ -21.080 mill.


Casa Systems Inc
Share Performance



-93.40%
This Quarter



Casa Systems Inc
Profile

Casa Systems Inc operates as a provider of software-centric solutions for fixed, mobile, and wireless networks. They offer a range of products and services designed to enable network operators to deliver broadband services to their customers efficiently and effectively.

More about Casa Systems Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3.412 mill. $ 249.407 mill. $ -107.172 mill.


Ceridian Hcm Holding Inc
Share Performance



+1.34%
Over The Past 5 Days



Ceridian Hcm Holding Inc
Profile

is a global human capital management software company

More about Ceridian Hcm Holding Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,823.827 mill. $ 1,450.100 mill. $ 4.000 mill.


Cambium Networks Corp
Share Performance



-78.65%
One Year



Cambium Networks Corp
Profile

provides fixed wireless broadband and Wi-Fi networking infrastructure solutions

More about Cambium Networks Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 89.763 mill. $ 264.409 mill. $ -14.555 mill.


Decisionpoint Systems Inc
Share Performance



+26.73%
This Quarter



Decisionpoint Systems Inc
Profile

designs, and implements mobility-first enterprise solutions and services

More about Decisionpoint Systems Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 79.482 mill. $ 110.709 mill. $ 1.922 mill.


Partnerre Ltd
Share Performance



0.00%
30 Days



Partnerre Ltd
Profile

PartnerRe Ltd is a reinsurance company that operates on a business-to-business model. It provides risk management solutions to insurance companies globally through underwriting, investment services, and capital preservation strategies. The company generates revenue by charging premiums to its clients in exchange for assuming a portion of their insurance risk.

More about Partnerre Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 9,122.836 mill. $ 2,318.119 mill.


Truist Financial Corporation
Share Performance



+1.13%
30 Days



Truist Financial Corporation
Profile

Truist Financial Corporation operates under a diversified business model providing various financial services to its clients. Primarily focused on consumer and commercial banking, Truist offers a wide range of solutions including lending, investment management, insurance, and wealth management. By combining the strengths of its predecessor banks, the company aims to deliver exceptional service and innovative solutions to help individuals and businesses achieve their financial goals.

More about Truist Financial Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 51,153.028 mill. $ 21,281.000 mill. $ -1,047.000 mill.



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