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Planet Labs' stock surged over 50% after strong Q1 earnings and first positive cash flow.
Planet Labs, a satellite imaging company, saw its stock surge over 50% after reporting strong Q1 earnings, with revenue of $66.3 million, surpassing Wall Street's $62.3 million estimate.
The company also reported its first quarter of positive free cash flow at $8.0 million and secured a significant contract with an anchor customer.
Planet Labs raised its full-year revenue guidance to $265–$280 million, reflecting improved financial health and market optimism.
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Las acciones de Planet Labs subieron más del 50% después de las fuertes ganancias del primer trimestre y el primer flujo de efectivo positivo.