Phunware Earnings Reports

Phunware reported a decrease in revenue and an increased net loss for Q1 2025 compared to the previous year, primarily due to one-time legal expenses. However, they saw significant growth in software subscriptions and services revenue and improved net loss per share. The company maintains a strong cash position and is focused on new customer acquisition and AI initiatives.

Phunware reported a net loss from continuing operations of $2.8 million for Q3 2024, compared to a net loss of $13.7 million for Q3 2023. Cash and cash equivalents as of September 30, 2024, were $35.5 million, increasing to approximately $110 million as of November 6, 2024, based on proceeds from the Company’s use of the at-the-market (ATM) financing facility.

Phunware reported its Q2 2024 financial results, highlighting a 623% increase in SaaS bookings compared to Q2 2023. The company focused on supporting existing customers and early renewals, driven by demand for their products and services.

Phunware reported a net revenue of $0.9 million for Q1 2024. The company significantly improved its gross margin to 56.9% and reduced its net loss to $(2.3) million. Phunware also eliminated its $5.0 million debt and settled an existing lawsuit.

Phunware reported a full year 2023 net revenue of $4.8 million. The company strategically reshaped its operating costs and stabilized its balance sheet to prepare for future growth.

Phunware reported a net revenue of $2.8 million for Q3 2023, with a net loss of $19.0 million or $(0.16) per share. The company launched its Phunware 3.0 strategy, focusing on software sales, IP monetization, and the development of its digital assets ecosystem.

Phunware reported a decrease in net revenues to $3.5 million for Q2 2023, with a net loss of $6.5 million or $(0.06) per share. The company is focused on cost reduction, debt restructuring, and commercializing its Location-Based Platform to improve financial performance.

Phunware reported a decrease in net revenues to $4.7 million for Q1 2023, compared to $6.8 million in Q1 2022. The company experienced a net loss of $4.3 million, or $(0.04) per share.

Phunware reported full year 2022 financial results, with a significant increase in total revenue driven by hardware sales, alongside a net loss. The company is focusing on expanding its MaaS offering and hardware business.

Phunware reported a 120% year-over-year revenue increase in Q3 2022, with revenues totaling $4.8 million. The company's MaaS backlog expanded to nearly $8M. Forward revenue guidance for 2022 was revised to approximately $22.5M, representing a 225% year-over-year increase.

Phunware reported a record second quarter with revenue exceeding $5.5 million, representing a 282% year-over-year growth. The company's net loss was $(17.1) million, including a $(12.2) million impairment of digital assets. They are reiterating their forward revenue guidance for 2022 of up roughly 250% year-over-year, or $25M.

Phunware announced record financial results for Q1 2022, with revenue growth exceeding 310% year-over-year. The company is operating at the intersection of mobile, cloud, big data, and blockchain and is revising its Q2 revenue growth forecast upward to more than 275% year-over-year.

Phunware reported preliminary full year 2021 financial results, highlighting significant progress across key business segments and a pivotal period for the company. The acquisition of Lyte Technology added to top-line revenues and diversified business channels.

Phunware reported a 50% sequential organic growth in net revenues quarter-over-quarter. The company's net revenues for the quarter totaled $2.2 million, with MaaS platform subscriptions and services revenues reaching $1.8 million. Net income was $0.4 million, with a net income per share of $0.01. However, the Non-GAAP Adjusted EBITDA Loss was $(2.5) million.

Phunware reported full year 2020 financial results, with net revenues totaling $10.0 million and a net loss of $22.2 million.

Phunware's Q3 2020 financial results showed a 40% sequential increase in Net Revenues to $3.13 million and an expanded gross margin exceeding 71%. The company also reduced Adjusted EBITDA loss by nearly 30% sequentially.

Phunware reported a challenging second quarter in 2020, with net revenues totaling $2.2 million and a net loss of $3.5 million. Despite the impact of the pandemic, the company focused on strengthening its balance sheet and reducing operational expenses, achieving a gross margin of 65.3%. They anticipate an acceleration of net revenues in the coming quarter and throughout the rest of the year.

Phunware reported net revenues of $2.6 million for the quarter ended March 31, 2020, with platform subscriptions and services revenues at $2.4 million. The gross margin was 58.7%, and the net loss was $4.0 million, or $0.10 per share. The company expects flat to slightly down net revenues for the coming quarter.

Phunware reported full year 2019 financial results, including a shift from one-time revenue to recurring platform subscriptions. The company also announced a $3 million structured debt financing and a furlough of 37 employees in response to COVID-19.