Planet Labs Raises Full-Year Guidance on Record Sales Driven by Defense and Government Demand

Planet Labs raised its full-year guidance after reporting record quarterly sales. The company attributed the results to demand from defense and government customers for its satellite imaging services. @business reported the update, which followed the quarterly results.

The quarterly sales reached a record level, according to the same report. Defense and government contracts contributed to the increase. Planet Labs supplies satellite imagery used by government and commercial clients.

The company did not release specific revenue figures in the report cited by @business.