Hey this company has all sorts of top secret level government contracts so they are in an elite position. Interesting that insiders just sold shares at $16 maybe to throw shorts off guard and kill them..lol AI and tech stocks will rule the world which is why Nasdaq QQQ is the exchange to watch for growth
Palantir Reports Its Fifth Consecutive Quarter of GAAP Profitability; Fourth Quarter GAAP EPS of $0.04
2/5/2024
DENVER — (BUSINESS WIRE) — Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.
Q4 2023 Highlights
•GAAP net income of $93 million, representing a 15% margin
?Fifth consecutive quarter of GAAP profitability
•GAAP income from operations of $66 million, representing an 11% margin
?Fourth consecutive quarter of GAAP operating profitability
•GAAP earnings per share (“EPS”) of $0.04
•Adjusted EPS of $0.08
•Revenue grew 20% year-over-year and 9% quarter-over-quarter to $608 million
•US commercial highlights
?US commercial revenue grew 70% year-over-year and 12% quarter-over-quarter to $131 million
?US commercial customer count grew 55% year-over-year and 22% quarter-over-quarter to 221 customers
?US commercial total contract value (“TCV”) of $343 million, representing 107% growth year-over-year on a dollar-weighted duration basis
?US commercial remaining deal value (“RDV”) grew 32% year-over-year and 28% quarter-over-quarter
•Commercial revenue grew 32% year-over-year and 13% quarter-over-quarter to $284 million
•Government revenue grew 11% year-over-year and 5% quarter-over-quarter to $324 million
•Customer count grew 35% year-over-year
•Adjusted income from operations of $209 million, representing a margin of 34%
?Fifth consecutive quarter of expanding adjusted operating margins
•Cash from operations of $301 million, representing a 50% margin
•Adjusted free cash flow of $305 million, representing a 50% margin
•Cash, cash equivalents, and short-term US treasury securities of $3.7 billion
FY 2023 Highlights
•Revenue grew 17% year-over-year to $2.23 billion
•Commercial revenue grew 20% year-over-year to $1.0 billion
?US commercial revenue grew 36% year-over-year to $457 million
•Government revenue grew 14% year-over-year to $1.2 billion
•GAAP net income of $210 million, representing a 9% margin
•GAAP income from operations of $120 million, representing a 5% margin
•Cash from operations of $712 million, representing a 32% margin
•Adjusted free cash flow of $731 million, representing a 33% margin
•Adjusted income from operations of $633 million, representing a 28% margin
