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Mar 31, 2020
Phunware Q1 2020 Earnings Report
Announced financial results for the first quarter ended March 31, 2020.
Key Takeaways
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.
Net Revenues for the quarter totaled $2.6 million.
Platform Subscriptions and Services Revenues were $2.4 million.
Gross Margin was 58.7%.
Net Loss was ($4.0) million.
Forward Guidance
The Company expects to see a flat to slightly down Net Revenues total for the coming quarter, which it believes to represent a bottom for the year and a Net Revenues base from which it will re-accelerate its growth sequentially during both the third quarter and fourth quarter thereafter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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