Palantir Technologies Inc. (PLTR) declined in the pre-market after announcing Q4 and fiscal 2021 results in a press release. PLTR values at $12.85, losing more than 8.73% from yesterday’s closing price. The stock closed at $12.75 at the end of the last trading session. The stock volume traded in the last trading session was 50.31 million shares. The current market cap is around $28.39 billion.
PLTR: Q4 and Fiscal 2021 results
- Palantir revenue in Q4 2021 was $433 million. It is a gain of more than 34% compared to the revenue of Q4 in 2020.
- Fiscal year revenue was $1.54 billion, and it is an increase of more than 40% compared to the revenue in fiscal 2020.
- The company’s net loss in Q4 2021 was around $156 million.
- PLTR net loss in fiscal 2021 was around $520 million.
- The Q4 2021 diluted loss per share was $0.08
- For fiscal 2021, the diluted loss per share was $0.27.
PLTR other achievements in Q4 and Fiscal 2021
Palantir added 34 new customers in Q4, and while in the fiscal year 2021, it reached 147. The company won 64 new customers with an average purchase of more than $1 million in Q4.
PLTR Outlook 2022
By 2025, the company expects to have a 30% yearly growth rate. Palantir expects sales of $443 in the first quarter of 2022, with an adjusted operating margin of 23%. They predict a 27 percent operating margin in the fiscal year of 2022.
Conclusion
The solid financial statement may be attributed to a significant increase in the company’s commercial activities. When comparing fiscal years 2020 and 2021, the company’s commercial clients climbed by more than three times, reaching 147 in fiscal 2021. Prestigious firms like IBM and Ferrari are among the new clients. The company’s dependence on the government contract makes its revenue steam uncertain. That is why they are increasing their customer base to not rely on the revenue from the government contracts.
