Just_SuperPLTR Proves That It Is Ahead Of The AI RacePalantir Technologies Inc. (NYSE:PLTR) has maintained its momentum of achieving GAAP profitability for FY2023 indeed, especially demonstrated through the excellent FQ1'23 performance. It reports revenues of $525.19M (+3.2% QoQ/ +17.6% YoY), partly attributed to the pulled-forward recognition from the recent SPAC bankruptcies. Nonetheless, we are glad that this event contributed to its first-ever GAAP operating income of $4.12M (+123.1% QoQ/ +110.4% YoY) and GAAP EPS of $0.01 (inline QoQ/ +120% YoY) in the latest quarter. This is on top of the SaaS company's robust FY2023 revenue guidance of $2.21B (+15.7% YoY) and adj. In addition, assuming that the PLTR stock successfully bounced at its April 2023 resistance of $9, we may see a sustainable support level form in the near term, improving the margin of safety for those who add there.

Source: Forbes May 14, 2023 02:42 UTC