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Sep 30, 2021
Phunware Q3 2021 Earnings Report
Phunware's Q3 2021 financial results were announced, revealing a 50% increase in quarter-over-quarter net revenues.
Key Takeaways
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.
Net Revenues totaled $2.2 million.
MaaS Platform Subscriptions and Services Revenues were $1.8 million.
Net Income was $0.4 million.
Net Income per Share was $0.01.
Phunware
Phunware
Forward Guidance
Phunware is positioned to finish the year with a great fourth quarter and is excited to have a fully funded operating plan that gives it the ability to drive organic and inorganic growth in 2022.
Positive Outlook
- Fully funded operating plan enabling organic and inorganic growth.
- Successful raising of more than $65 million.
- Holding approximately 129 bitcoin.
- Commitment to growing digital currency holdings.
- Expectation to add Decentralized Finance (DeFi) to corporate treasury activities.
Challenges Ahead
- No specific negative aspects were found in the text provided.