Loading...
•
Jun 30, 2022
Phunware Q2 2022 Earnings Report
Reported record revenues with 282% growth in Q2 2022.
Key Takeaways
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.
Net revenues for the quarter totaled $5.5 million.
Multiscreen-as-a-Service (MaaS) Platform Revenues were $1.6 million.
Hardware Revenues were $3.9 million.
Net Loss was $(17.1) million, inclusive of $(12.2) million impairment of digital assets.
Forward Guidance
Phunware expects to close the third quarter strong sequentially, activate PhunCoin for trading on Securitize and continue to deliver dramatic year-over-year growth for the remainder of the fiscal year.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...