Palantir Technologies Inc. (NYSE:PLTR) Q4 2022 Earnings Call Transcript

We are more expensive than what I would offer some other products, but that we also think it’s more valuable. So I think what you’re going to see is kind of a tale of two cities at Palantir, large contracts getting larger and many, many more small contracts, especially in the U.S.

Ana Soro: Thank you, Alex and Ryan. Alex, we have a lot of individual investors on the line. Is there anything you’d like to say before we end the call?

Alex Karp: We — I value individual investors quite a bit, we do at Palantir, all of us at Palantir, individual investors. We listen to you. We are very proud that we’re GAAP profitable in Q4 last year. We plan to be GAAP profitable this year. That’s in part because we listened to you. It’s in great part because we listened to our partners and customers on the frontline and at institutions that rely on us for their livelihood and for their life that they need to — they need a company, they need talent here to be as strong as possible. That’s why we became — we went into the black, why we’re planning to stay in the black on a yearly basis and why we have $2.6 billion in the bank and no debt. And it’s going to be tough weather out there. We believe, I believe the macroeconomic environment, the political environment is going to be rough and often terrible. That gives Palantir crucial role, and we really, really respect your support.

Ana Soro: Thank you. That concludes Q&A for today’s call.