Planet Reports Financial Results for First Quarter of Fiscal 2024
First quarter gross margin expanded to 53%, compared to 41% in the first quarter of fiscal year 2023.
- First quarter gross margin expanded to 53%, compared to 41% in the first quarter of fiscal year 2023.
- First quarter Non-GAAP Gross Margin(1) expanded to 56%, compared to 45% in the first quarter of fiscal year 2023.
- (1) Please see “Planet’s Use of Non-GAAP Financial Measures” below for a discussion on how Planet calculates the non-GAAP financial measures presented herein.
- The actual amount of these expenses during the first quarter of fiscal year 2024 and fiscal year 2024 will have a significant impact on Planet’s future GAAP financial results.