Palantir Tells Investors to Expect $1 Billion in 2020 Revenue
- Financial details seen by Bloomberg forecast 38% growth
- Company expects to break even for first time in its history
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Palantir Technologies Inc. expects to generate $1 billion in revenue this year and break even for the first time in its 16-year history, offering shareholders a rare optimistic forecast in a badly bruised economy.
These and other details in financial documents reviewed by Bloomberg show a glimpse into the famously secretive company known as much for its government work as for its controversial co-founder, Peter Thiel. Among other things, the documents suggest Palantir is preparing to go public, though the coronavirus could pose an insurmountable barrier to that goal.