Palantir stock pulls back despite Q1 revenue beat, upside sales guidance

Tiger Newspress2021-05-11

(May 11) Palantir Technologies Inc. today announced financial results for the first quarter ended March 31, 2021.

  • Palantir Technologies : Q1 Non-GAAP EPS of $0.04 in-line; GAAP EPS of -$0.07beats by $0.01.
  • Revenue of $341M (+48.7% Y/Y)beats by $8.69M.
  • Q1 adjusted operating margin of 34% vs. a guidance of 23%.
  • Cash flow from operations of $117 million, up $404 million year-over-year, and representing a 34% margin
  • Adjusted free cash flow of $151 million, up $441 million year-over-year, and representing a 44% margin.
  • For Q2 2021, PLTR expects $360 million in revenue (consensus: $342.89M) and Adjusted operating margin of 23%.

Palantir stock falls nearly 5% premarket after Q1 results.

Q1 2021 Highlights

  • Total revenue grew 49% year-over-year to $341 million
  • US commercial revenue grew 72% year-over-year
  • US government revenue grew 83% year-over-year
  • Cash flow from operations of $117 million, up $404 million year-over-year, and representing a 34% margin
  • Adjusted free cash flow of $151 million, up $441 million year-over-year, and representing a 44% margin
  • GAAP net loss per share, diluted of $(0.07)
  • Adjusted earnings per share, diluted of $0.04

Outlook

For Q2 2021, we expect:

  • $360 million in revenue, representing year-over-year revenue growth of 43%.
  • Adjusted operating margin of 23%.

For full year 2021, we expect:

  • Adjusted free cash flow in excess of $150 million.

Per long-term guidance policy, as provided by our Chief Executive Officer,Alex Karp, we continue to expect:

  • Annual revenue growth of 30% or greater for 2021 through 2025.
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Comments

  • fysx49
    2021-05-12
    fysx49
    Ptlr at low point, good to pick up some for long term investment
  • Jackyjw
    2021-05-12
    Jackyjw
    Wow
  • A68
    2021-05-12
    A68
    [Happy] 
  • daniao
    2021-05-12
    daniao
    Go go
  • Snowwhite
    2021-05-11
    Snowwhite
    Heng ah added some at Pre market [USD] 
  • Lynny
    2021-05-11
    Lynny
    Good results! Yet price may continue to go down… sad story of tech these last couple of months. 
    • Eagleeye: 
      Yeah... it's already price in..
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