Planet Labs PBC (NYSE:PL) Q2 2025 Earnings Conference Call September 5, 2024 5:00 PM ET

Company Participants

Cleo Palmer-Poroner - IR
Will Marshall - Co-Founder and CEO
Ashley Johnson - President and CFO

Conference Call Participants

Ryan Koontz - Needham & Company
Mike Latimore - Northland
Kristine Liwag - Morgan Stanley
Trevor Walsh - JMP
Jason Gursky - Citi
Anthony Valentini - Goldman Sachs
Caleb Henry - Quilty Space

Operator

Hello, everyone. Thank you for attending today's Planet Labs PBC Second Quarter of Fiscal 2025 Earnings Call. My name is Sierra and I will be your moderator for today. 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’d now like to pass the conference over to our host, Cleo Palmer-Poroner, Investor Relations at Planet Labs PBC. Please proceed.

Cleo Palmer-Poroner

Thanks, operator and hello everyone. This is Cleo Palmer-Poroner, Investor Relations at Planet Labs PBC. Welcome to Planet's Second Quarter of Fiscal 2025 Earnings Call. I'm joined today by Will Marshall and Ashley Johnson, who'll provide a recap of our results and discuss our current outlook. We encourage everyone to please reference the earnings press release and earnings update presentation for today's call, which are available on our Investor Relations website.

Before we begin, we would like to remind everyone that we may make forward-looking statements related to future events or our financial outlook. We also may 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 historic and forward-looking 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.