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Mar 31, 2023
Phunware Q1 2023 Earnings Report
Phunware's financial performance declined in Q1 2023 due to decreased revenues and increased net losses.
Key Takeaways
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.
Net revenues for the quarter totaled $4.7 million.
Platform revenues were $1.3 million.
Hardware revenues were $3.4 million.
Net loss was $(4.3) million, with a net loss per share of $(0.04).
Forward Guidance
Phunware intends to continue ramping its go-to-market efforts to capture as much market share as possible.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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