Palantir Reaffirms FY'22 Revenue Guidance, Reports Revenue Growth of 22% Y/Y for Q3 2022

About this update from Palantir Technologies Inc.

[{"type":"text","content":"DENVER, Nov. 7, 2022 /PRNewswire/ -- Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the third quarter ended September 30, 2022.\n\n \n \n \n \n \n \n\n \n\"We beat expectations for revenue growth this quarter and expect to have a strong finish to the year, even in the face of the continued strength of the U.S. dollar,\" said Alexander C. Karp, Co-Founder and Chief Executive Officer of Palantir Technologies Inc.\nQ3 2022 Highlights\nRevenue grew 22% year-over-year to $478 millionUS revenue grew 31% year-over-year to $297 millionUS commercial revenue grew 53% y/yUS government revenue grew 23% y/yTotal contract value (\"TCV\") closed of $1.3 billion, including US TCV closed of $1.1 billionCustomer count grew 66% y/y and 11% q/qUS commercial customer count increased 124% year-over-year, from 59 customers in Q3 2021 to 132 customers in Q3 2022Loss from operations of $(62) million, representing a margin of (13)%, up 1,000 basis points year-over-yearAdjusted income from operations of $81 million, representing a margin of 17%Cash from operations of $47 million, representing a 10% marginAdjusted free cash flow (\"AFCF\") of $37 million, representing an 8% marginThis marks the 8th consecutive quarter of positive AFCFQ3 2022 TTM Highlights\nUS revenue of $1.11 billion on a trailing-twelve-month (\"TTM\") basis, representing a 38% growth rate y/yGovernment revenue of $1.02 billion on a TTM basis, representing a 20% growth rate y/y and surpassing the $1 billion mark for the first time in company historyCash from operations of $238 million, representing a 13% marginAdjusted free cash flow of $231 million, representing a 13% marginQ3 2022 Financial Summary\n(Amounts in thousands, except percentages and per share amounts)\nThird Quarter\nAmount\nRevenue\n$ 477,880\nYear-over-year growth\n22 %\nAmount\nMargin\nLoss from Operations\n$ (62,191)\n(13) %\nAdjusted Income from Operations\n$ 81,250\n17 %\nCash from Operations\n$ 47,066\n10 %\nAdjusted Free Cash Flow\n$ 36,560\n8 %\nNet Loss\n$ (123,875)\nAdjusted Net Income\n$ 16,075\nAdjusted EBITDA\n$ 87,192\n18 %\nGAAP Net Loss Per Share, Diluted\n$ (0.06)\nAdjusted Earnings Per Share, Diluted\n$ 0.01\nOutlook \nFor full year 2022:\nWe are reaffirming our revenue guidance of $1.9 - $1.902 billion despite a negative $6 million currency impact since our prior quarter's g...

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