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We’re both utterly alone within the universe or we’re not. Both consequence is equally terrifying, so it’s greatest not to consider that stuff an excessive amount of and keep centered on stonks. Planet Earth is our solely house, and understanding it by imagery is now doable because of geospatial intelligence distributors just like the aptly named Planet Labs (PL).
Why We Invested in Planet Labs
Our thesis was merely this. Most NewSpace themes are low margin capital intensive ventures that don’t supply software-like gross margins. Planet Labs was an exception to that rule with their “capital gentle” geospatial intelligence enterprise that’s a minimize above the opposite pure play publicly traded geospatial intelligence corporations on the market. We spend money on leaders, and Planet Labs leads by way of revenues and market cap when in comparison with different pure play geospatial intelligence shares.
Then the issues began. First we observed it within the proprietary metric Planet launched referred to as “winbacks.” This was speculated to measure clients whose contracts lapsed, then salespeople chased them right down to resubscribe. If Planet’s answer is so helpful, then individuals ought to be proactively renewing their contracts as an alternative of getting to be chased. Of their current earnings name, the corporate cites seasonality as a proof for “gaps between when a contract expires and when the shopper focuses on the renewal.” Honest sufficient, so we will have a look at web retention price (NRR), one thing that has been unstable and ended this yr at a dismal 101% (partially defined by contractions of certai
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