The company said the average revenue per customer for 2020 was $ 79 million, up 41% from 2019. The top 20 customers hit $ 33 on average in 2020, an increase of $ 2 million of 34% compared to the previous year

In the fourth quarter, according to Palantir, 21 transactions with a total order value of at least 5 million USD, including 12 with a value of at least 10 million USD New contracts in the fourth quarter include those with the US Army, US. Food and Drug Administration and PG&E

Palantir expects sales of 4 billion US dollars in 2025. In 2021, Palantir expects sales growth of more than 30%. For the first quarter of the year, sales growth of 45% with an average of 332 million USD expected This is higher than the estimates by Refinitiv analysts of around 309 million US dollars in sales for the first quarter

In a taped video that was posted on the company’s earnings webcast, CEO Alex Karp highlighted the company’s long-term prospects

“We hope that those of you who are current investors stay with us, and those of you who prefer a shorter-term orientation, that you choose companies that are more suitable for you,” he said

The close-knit government entrepreneur debuted in September via a direct listing on the New York Stock Exchange with an opening deal of $ 10 per share that was $ 16.5 billion in market capitalization. Palantir has more than tripled since then The stock closed at $ 3191 on Friday, making it $ 526 billion market cap

Palantir aims to differentiate itself from other Silicon Valley-born tech companies. In a letter to investors in its prospectus, Karp said, while Palantir started in Silicon Valley, “we always seem to share less of the values ​​and commitments of the technology sector, “Karp said the company has” repeatedly turned down opportunities to sell, collect or mine data, “unlike those that are based on advertising dollars.” The company has announced its headquarters from Palo Alto, California, relocated to Denver

Palantir was more willing to work with government agencies during Donald Trump’s presidency than other California-based tech companies, which have received significant setbacks from their employees on such contracts.Employees at Amazon, Google, and Microsoft have urged the company to get out of business to withdraw with agencies and military departments, including US Immigration and Customs Control, Customs and Border Protection and Army

In contrast, Palantir has largely built its business on lucrative government deals for its data analytics software, including with ICE, however, the company has also stated that it generally would not do business with customers or governments whose positions or actions we believe would not are compatible with our mission to support Western liberal democracy and its strategic allies “

The company also serves commercial customers, who make up less than half of the business. Palantir reported in its first earnings release that 56% of its third-quarter sales came from the government segment, which grew faster than the commercial business

Palantir said its government segment had fourth quarter revenue of $ 190 million, up 85% year-over-year The commercial segment brought in $ 132 million, up 4% year over year / p>

Palantir did not provide an updated number of customers this time or in its first earnings release in November after it was announced in its prospectus that it had 125 customers in the first half of the year. However, customer concentration has declined 61% of sales in the third quarter came from the top 20 customers, instead of 68% in the same period in 2019

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World News – US – Palantir shares fall after fourth quarter loss, but sales beat expectations

Source: https://www.cnbc.com/2021/02/16/palantir-pltr-q4-2020-earnings.html