Palantir: posts loss, despite 40% jump in sales
(CercleFinance.com) - Data-analytics firm Palantir posted a quarterly loss of 156 million dollars on Tuesday, despite a 40% jump in sales.
The secretive Denver-based company - which, like many startups, lures top talent with equity packages - said its fourth-quarter earnings were hurt by 241.8 million dollars in stock-based compensation expenses.
Excluding stock-based compensation and related employer payroll taxes, operating profit would have been 104.1 million dollars, it said.
Sales jumped to 322 million dollars, ahead of a consensus of 300 million dollars, as the company won 21 contracts each worth at least five million dollars in the past quarter, including 12 contracts, each worth of which were worth at least 10 million dollars.
Palantir, whose clients include global miner Rio Tinto, energy giant bp and the US Air Force, said it expects revenue growth of over 30% in 2021, far less than the 47% growth posted for 2020.
Its shares dropped more than 10% after the report. They have still risen by over 100% over the past three months.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The secretive Denver-based company - which, like many startups, lures top talent with equity packages - said its fourth-quarter earnings were hurt by 241.8 million dollars in stock-based compensation expenses.
Excluding stock-based compensation and related employer payroll taxes, operating profit would have been 104.1 million dollars, it said.
Sales jumped to 322 million dollars, ahead of a consensus of 300 million dollars, as the company won 21 contracts each worth at least five million dollars in the past quarter, including 12 contracts, each worth of which were worth at least 10 million dollars.
Palantir, whose clients include global miner Rio Tinto, energy giant bp and the US Air Force, said it expects revenue growth of over 30% in 2021, far less than the 47% growth posted for 2020.
Its shares dropped more than 10% after the report. They have still risen by over 100% over the past three months.
Copyright (c) 2021 CercleFinance.com. All rights reserved.