Planet Labs stock soared 37.2% in morning trading Monday after the Earth imaging company posted a narrower-than-expected loss in the fiscal second quarter and raised its guidance.

Planet Labs, which operates hundreds of satellites in space, posted a second-quarter loss of 7 cents a share, narrower than the 9-cent loss analysts had forecast, according to Bloomberg. Revenue surged 20% to $73.4 million and came in above the $66.1 million Wall Street had expected.

For the fiscal year, Planet Labs guided for revenue of $281 million to $289 million, up from a prior range of $265 million to $280 million. Analysts polled by Bloomberg were looking for $273 million.