Palantir Marches Towards Sustained Profitability Despite Slowing Growth
-
Palantir's software offerings expanded in 2023 with the release of its Palantir Artificial Intelligence Platform (AIP).
-
The company hosted "boot camps" to allow potential customers to test and demo its platforms, aiming to build a strong sales pipeline.
-
Palantir achieved 4 straight quarters of GAAP profitability in 2023, making it eligible for the S&P 500.
-
Revenue growth of just 16% in 2023 signals that rapid AIP adoption has yet to fully hit the financials.
-
With the stock down 60% from highs, Palantir could be an overlooked AI play compared to "big tech" companies.