PlanetScope Business Model and Operating Leverage
Planet is a One-to-Many Data Platform
Daily, Global Scanning
→ Revolutionary
Global Scale
24h
.....
888
Most Frequent Cadence
-> Up to 10 revisits/day1
Largest Fleet
→ 10x competition
One-to-Many Model
→ Uniquely Scalable
200+
Satellites in Orbit
-2x
Earth Land Area / Day
25TB
Data Captured Daily
$110M+
FY2021A Revenue
100%
of Data is ML-analyzed²
50M+
Detections
Business Metrics
90%+
73%
of ACV is
Recurring³
600+
62%
FY2021A PlanetScope
Gross Margins4
Customers Across
Multi-Year Deals5
Multiple Verticals6
7
Note: FYE January 31st
1 Revisits/day is defined as number of times Company satellites image a particular area of interest on a given day.
2 ML-analyzed describes Planet's machine learning capabilities.
3 Recurring contracts are defined as those that are either subscription-based or have a minimum commitment of usage.
4 PlanetScope represents 73% of FY2021A revenue. Gross Profit used to calculate gross margin reflects non-GAAP Gross Profit relative to net revenue. Non-GAAP Gross Profit includes Depreciation & Amortization costs and adds back stock-based compensation classified as cost of goods.
5 Represents percentage of Company Annual Contract Value contracted with a term that exceeds 1 year.
6 A customer is defined as a distinct entity which has a commercial relationship with Company, i.e. subscription agreements or one-off purchases of data. As of end of period January 2021.
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