Palantir Slips after Fourth-Quarter Loss. Revenue Higher than Projected

Palantir Slips after Fourth-Quarter Loss. Revenue Higher than Projected

Palantir stock fell 10% on Tuesday morning after the company reported a loss per share of 8 cents, according to the company’s press release. Q4 revenue was $322 million, up 40% year over year, and more than expected $300.7 million. 

  • In Q4, Palantir’s loss from operations was $156.6 million, including $241.8 million in stock-based compensation and $18.9 million in related employer payroll taxes.
  • Income from operations was $104.1 million in Q4, after adjusting for stock-based compensation and related employer payroll taxes.
  • Full-year 2020 revenue was $1.1 billion, up 47% year over year.
  • Palantir’s average revenue per customer was $7.9 million, up 41% year over year.
  • The company’s top 20 customers generated $33.2 million each on average in 2020, up 34% year over year.
  • Palantir’s government segment generated $190 million in revenue in Q4, up 85% year over year, while the commercial segment brought in $132 million, up 4% year over year. 
  • In Q4, Palantir closed 21 deals worth at least $5 million in total contract value, including 12 worth at least $10 million.
  • Palantir expects Q1 2021 revenue growth of 45% and an adjusted operating margin of 23% year over year.
  • The company projects revenue growth of greater than 30% for the full year 2021.

Palantir stock is currently declining. PLTR: NYSE is down 9.43%

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