BERLIN - Planet Labs (NYSE:PL) Germany GmbH, a subsidiary of Planet Labs PBC (NYSE: PL), has entered into a three-year agreement with the German Space Agency at the German Aerospace Center (DLR), it was announced today. The contract involves providing Earth observation data and services to support German research and development initiatives.
This partnership will allow the German Space Agency to utilize Planet's satellite data for research focused on addressing national and global challenges. The agreement grants German researchers and startups working on internal research access to Planet's data licenses.
In particular, the contract will give researchers access to Planet's PlanetScope products, offering near-daily imagery of Earth's landmass at nearly 3-meter resolution, and an extensive archive of PlanetScope data dating back to 2016. Additionally, the German Space Agency will gain access to Planet's full RapidEye imagery archive over Germany, which has been capturing images at 5-meter resolution since 2009.
The Earth observation data provided will support a variety of scientific analyses, including environmental change evaluation and policy initiative recommendations. It will also enable the study of rapidly changing ecosystems, with applications in security and climate change research. Moreover, the datasets will be used for educational purposes, teaching scientific research methods in German classrooms.
Dr. Marcus Apel, Planet's Director Public Sector Business in D-A-CH, expressed excitement over the continued partnership with the German Space Agency, highlighting the role of Planet's EU headquarters in Berlin in fostering relationships with German government and businesses.
Godela Roßner, Head of Earth Observation Department at the German Space Agency at DLR, emphasized the value of PlanetScope and RapidEye satellite data in developing innovative methods and applications for better planetary insights.
The agreement also includes development support for the German Space Agency's Earth observation data platform, EO-Lab, integrating Planet data and offering advanced services.
Planet Labs, founded in 2010 by three NASA scientists, operates the largest Earth observation fleet of imaging satellites, providing data and geospatial solutions to a wide range of clients across various industries.
This announcement is based on a press release statement.
In other recent news, Planet Labs PBC secured a position in the NASA Commercial SmallSat Data Acquisition Program (CSDA) through its subsidiary, Planet Federal. The fixed-price contract, with a maximum value of $476 million, extends until November 15, 2028. Planet Labs' inclusion in the CSDA program allows the company to continuously supply PlanetScope imagery and other products to NASA researchers.
In financial developments, Planet Labs reported a 14% year-over-year increase in its Q2 2025 revenue, totaling $61.1 million. This growth was largely driven by the Defence and Intelligence sector, which saw over 30% growth in revenue, and the Civil Government sector, with over 20% growth. However, the company reported an adjusted EBITDA loss of $4.4 million for the same quarter.
The company also launched its Tanager satellite and 36 new SuperDoves and established partnerships with NATO and various international entities. Analysts note that Planet Labs aims for adjusted EBITDA profitability by Q4 of the fiscal year and expects Q3 revenue to be between $61 million and $64 million. These recent developments highlight Planet Labs' continued efforts in executing its strategy and capturing market opportunities.
InvestingPro Insights
As Planet Labs PBC (NYSE: PL) cements its partnership with the German Space Agency, the company's financial health and stock performance come into focus. With a market capitalization of $630.97 million, Planet Labs holds a notable position in the Earth observation sector. One standout feature of the company's financial status is its impressive gross profit margin, which stood at 52.79% over the last twelve months as of Q1 2023. This high margin reflects the company's ability to manage costs effectively while delivering its satellite data services.
Investors might also take interest in the company's stock behavior, which has been characterized by high price volatility. This suggests that while there is potential for significant returns, as evidenced by a strong return over the last three months of 16.22%, the stock may also experience sharp price fluctuations. This could be an important consideration for potential investors looking at the long-term stability and growth prospects of Planet Labs.
According to InvestingPro Tips, analysts are optimistic about the company's performance in the upcoming period, with 5 analysts having revised their earnings upwards. This positive outlook could be a reflection of the company's strategic partnerships and innovative approach to Earth observation. For more in-depth analysis and additional InvestingPro Tips, interested individuals can visit https://www.investing.com/pro/PL, which currently lists 11 additional tips to help investors make informed decisions.
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