Planet Labs PBC's Cash Burn and Growth: A Closer Look

Planet Labs PBC's share price has soared by 141% in the last year, but the company is still losing money. The company's cash burn is significant, but it has a cash runway of 5.4 years and analysts expect it to reach cash flow breakeven before then. The company reduced its cash burn by 44% during the last year and revenue improved by 9.5%. However, the company's ability to raise more cash easily is still a concern.