Thread by @thesheetztweetz

I'm taking a walk through Planet's investor presentation (planet.com/investors/pres…), so here is a thread on some notable details:

Story: cnbc.com/2021/07/07/spa…

@planet @Will4Planet @schingler @kevinweil @ro_saccone @bhernacki @NiccoloDeMasi @dfjgrowth @SpaceCapital @Lux_Capital Planet has more than 600 customers across a variety of sectors, with this slide giving a look at a number of those names – from Bayer to NASA to Google and more:

@planet @Will4Planet @schingler @kevinweil @ro_saccone @bhernacki @NiccoloDeMasi @dfjgrowth @SpaceCapital @Lux_Capital Planet's revenue – rising from $43m to $113m, a 27% compound annual growth rate, over the past five years – largely comes from recurring subscription deals that are more than a year in length.

@planet @Will4Planet @schingler @kevinweil @ro_saccone @bhernacki @NiccoloDeMasi @dfjgrowth @SpaceCapital @Lux_Capital Additionally, Planet's revenue base is split roughly in five parts: Civil, Agriculture, Defense & Intelligence, Mapping, and Other (Energy, Education, Forestry, Finance, Insurance, etc.)

@planet @Will4Planet @schingler @kevinweil @ro_saccone @bhernacki @NiccoloDeMasi @dfjgrowth @SpaceCapital @Lux_Capital And here is how Planet expects that revenue to grow over the next five years, from above $100m last year to nearly $700m (Planet's fiscal year ends on Jan. 30, so FY2026 = the year ending in Jan 2026).

@planet @Will4Planet @schingler @kevinweil @ro_saccone @bhernacki @NiccoloDeMasi @dfjgrowth @SpaceCapital @Lux_Capital Planet aims to be profitable by the end of 2024:

@planet @Will4Planet @schingler @kevinweil @ro_saccone @bhernacki @NiccoloDeMasi @dfjgrowth @SpaceCapital @Lux_Capital The SPAC deal overview

A couple of highlights (mine) in the small text:
– Planet has $65m in debt
– Cofounders Marshall and Schingler will get 20:1 "high vote" shares
– Benioff acted as a strategic advisor and purchased 1.2m Planet shares at $14.94 (~$17.9m).

@planet @Will4Planet @schingler @kevinweil @ro_saccone @bhernacki @NiccoloDeMasi @dfjgrowth @SpaceCapital @Lux_Capital Planet compares itself to software & data analytics companies – like $NET, $MDB, $U, $TWLO, $PLTR – rather than other satellite imagery companies – such as $MAXR, BlackSky $SFTW, or Satellogic $CFV.

@planet @Will4Planet @schingler @kevinweil @ro_saccone @bhernacki @NiccoloDeMasi @dfjgrowth @SpaceCapital @Lux_Capital Finally, a couple of Planet customer case studies:

@Syngenta – "Farmers spent less time in the field scouting, saw less crop damage"

@NMLandOffice – "Discovered 53 trespasses"

@Climateforest – "4k+ users in 120 countries leveraging insights to reduce deforestation"