Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Palantir Technologies Inc (NYSE:PLTR) reported third-quarter FY21 revenue growth of 36% year-on-year to $392 million, beating the consensus of $385 million.
- Revenue Drivers: U.S. commercial revenue grew 103% Y/Y. Palantir added 34 net new customers. Commercial customer count increased 46% Q/Q.
- Palantir closed 54 deals of $1 million or more, of which 33 contracts were worth $5 million or more and 18 deals at $10 million or above. The total remaining deal value grew 50% Y/Y to $3.6 billion.
- Margins: The adjusted operating margin expanded 500 bps to 30%. The adjusted EBITDA margin rose 400 bps to 30%.
- Palantir held $2.4 billion in cash and equivalents and generated $101 million in operating cash flow.
- Adjusted EPS of $0.04 was in line with the consensus.
- Outlook: Palantir sees Q4 revenue of $418 million above the consensus of $401.9 million. It expects FY21 revenue of $1.53 billion above the consensus of $1.51 billion.
- Palantir raised the adjusted free cash flow outlook to over $400 million, up from above $300 million. It reiterated annual revenue growth of 30% or greater for 2021 through 2025.
- Price Action: PLTR shares traded higher by 0.82% at $26.97 in the premarket session on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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