Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2023
Retrieved on:
Wednesday, March 29, 2023
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Our strong finish to the year positions us for a solid Fiscal 2024 ahead.”
Key Points:
- Our strong finish to the year positions us for a solid Fiscal 2024 ahead.”
Fiscal Fourth Quarter and Full Year 2023 Financial and Key Metric Highlights:
Fourth quarter revenue increased 43% year-over-year to $53.0 million. - Fourth quarter gross margin expanded to 55%, compared to 37% in the fourth quarter of fiscal year 2022.
- Fourth quarter Non-GAAP Gross Margin(1) expanded to 58%, compared to 42% in the fourth quarter of fiscal year 2022.
- 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.