(Palantir) Palantir reported a net loss of $156.2 million in the fourth quarter of 2021, an increase from a loss of $140.3 million in the prior year.
The company’s net loss for FY21 was $520.4 million, narrowing from a net loss of $1.166 billion in the prior year.
In the fourth quarter, revenue was reported at $432.87 million, up 34% year-over-year. Government revenue increased by 26% from the prior year, while commercial revenue was up 47% in the quarter.
FY21 revenue was reported at $1.54 billion, an increase from $1.093 billion in the previous year.
Nvidia now projects revenue of $443 million in the first quarter of 2022, with an adjusted operating margin of 23%. For FY21, the operating margin is expected at 27%.
The company also projects growth of above 30% in revenues through 2025.
PLTR: NYSE is down -8.73% on premarket.
