Planet Labs PBC (NYSE:PL) Q1 2024 Earnings Call Transcript June 8, 2023 5:00 PM ET

Company Participants

Chris Genualdi - VP of IR

Will Marshall - Co-founder and CEO

Ashley Fieglein Johnson - Chief Financial and Operating Officer

Conference Call Participants

Ryan Koontz - Needham & Company

Trevor Walsh - JMP

Jason Gursky - Citigroup

Mike Latimore - Northland Capital Markets

Jeff Van Rhee - Craig-Hallum

Edison Yu - Deutsche Bank

Greg Mesniaeff - WestPark

Josh Sullivan - The Benchmark Company

Operator

Good afternoon. Thank you for attending today's Planet Labs PBC First Quarter of Fiscal 2024 Earnings Call. My name is Anna, and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions-and-answers at the end. [Operator Instructions]

I would now like to pass the conference over to our host Chris Genualdi, Vice President of Investor Relations. You may go ahead.

Chris Genualdi

Thanks, operator, and hello, everyone. Welcome to Planet's first quarter of 2024 earnings call. Before we begin today's call, we'd like to remind everyone that we may make forward-looking statements related to future events or our financial outlook. We also reference qualified pipeline, which represents potential sales leads that have not yet executed contracts. Any forward-looking statements are based on management's current outlook, plans, estimates, expectations and projections. The inclusion of such forward-looking information should not be regarded as a representation by Planet that future plans, estimates or expectations will be achieved. Such forward-looking statements are subject to various risks and uncertainties, and assumptions as detailed in our SEC filings, which can be found at www.sec.gov. Our actual results or performance may differ materially from those indicated by such forward-looking statements and we undertake no responsibility to update such forward-looking statements to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

During the call, we will also discuss non-GAAP financial measures. We use these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. We believe that these measures provide useful information about operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making. For more information on the non-GAAP financial measures, please see the reconciliation tables provided in our press release issued earlier this afternoon.