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Mar 31, 2022
Phunware Q1 2022 Earnings Report
Reported record financial results for the quarter ended March 31, 2022.
Key Takeaways
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.
Net revenues for the quarter totaled $6.8 million.
Multiscreen-as-a-Service (MaaS) Platform Revenues were $2.5 million.
Hardware Revenues were $4.3 million.
Net Loss per Share was $(0.15).
Forward Guidance
Phunware expects to close the second quarter strong sequentially, activate PhunCoin for trading and continue to deliver dramatic year-over-year growth for the remainder of the fiscal year. For Q2, upwardly revise top-line revenue growth forecast from up more than 250% year-over-year to up more than 275% year-over-year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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