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PALANTIR TECHNOLOGIES INC.

(PLTR)
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Palantir Posts 1Q Loss, Adjusted Profit as Sales Grow

05/11/2021 | 07:28am EDT

By Matt Grossman

Palantir Technologies Inc. Tuesday posted a loss in the first quarter, though revenue rose on improvements in sales to commercial and government customers.

The Denver-based data-analysis company posted a net loss attributable to common stockholders of 7 cents a share, compared with a loss of 10 cents a share in 2020's first quarter. The total net loss was $123.5 million, compared with a net loss of $54.3 million in the year-ago period.

Adjusting for one-time items, the company's profit was 4 cents a share, in line with analysts' forecasts compiled by FactSet.

Revenue rose to $341.2 million, from $229.3 million in the year-ago quarter. Analysts were expecting revenue of $332 million.

U.S. commercial revenue rose by 72% year over year, while U.S. government revenue was 83% higher, the company said.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

05-11-21 0727ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.76% 33876.97 Delayed Quote.8.77%
PALANTIR TECHNOLOGIES INC. 0.20% 25.42 Delayed Quote.7.73%
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Financials (USD)
Sales 2021 1 482 M - -
Net income 2021 -560 M - -
Net cash 2021 2 152 M - -
P/E ratio 2021 -81,8x
Yield 2021 -
Capitalization 47 613 M 47 613 M -
EV / Sales 2021 30,7x
EV / Sales 2022 23,5x
Nbr of Employees 2 492
Free-Float 83,5%
Chart PALANTIR TECHNOLOGIES INC.
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Technical analysis trends PALANTIR TECHNOLOGIES INC.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 21,29 $
Last Close Price 25,37 $
Spread / Highest target 10,4%
Spread / Average Target -16,1%
Spread / Lowest Target -33,0%
EPS Revisions
Managers and Directors
NameTitle
Alexander Caedmon Karp Chief Executive Officer & Director
Stephen Cohen President, Secretary & Director
David Glazer Chief Financial Officer & Treasurer
Peter Andreas Thiel Chairman
Shyam Sankar Chief Operating Officer & Executive Vice President
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