Planet Labs PBC (PL) shares soared 13.17% in Thursday's after-hours session, marking a significant upward movement for the Earth-imaging company.

The surge was driven by the company's better-than-expected fourth-quarter financial results. Planet Labs reported revenue of $86.8 million, a 41% year-over-year increase that beat analyst estimates. The company also delivered its first adjusted EBITDA profit since going public, with full-year adjusted EBITDA of $15.5 million.

Adding to the positive sentiment, Planet Labs issued strong forward-looking guidance, projecting full-year 2027 revenue of $415-440 million, significantly above analyst expectations. The company also highlighted a 79% increase in backlog to $900 million and expressed optimism about artificial intelligence unlocking new business opportunities through partnerships with companies like Nvidia and Google.