2024-02-06 11:31:32 ET
Summary
- Palantir Technologies Inc. finally broke into positive net income territory in the middle of 2023 while stock-based compensation expenses trended lower.
- Revenue trends are stable while operating expenses are trending higher. Net income and gross profits will likely continue to rise.
- Company products' effects in battlefield environments will likely fuel debate on whether the stock should be nominated for exclusion from certain funds in the future.
Palantir Technologies Inc. (PLTR), arguably one of the world's few major "pure play" artificial intelligence, or AI, companies that are (at least currently) publicly traded, has had a stalwart 2023. AI has been the dominant theme for investment preferences through most of the past year, and early trends indicate that it will remain a central focus through at least two quarters of the current year....
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For further details see:
Palantir Q4: Public Sector Revenue Streams Provide Strong Tailwinds