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Sep 30, 2022
Phunware Q3 2022 Earnings Report
Reported a significant revenue increase and backlog growth.
Key Takeaways
Phunware reported a 120% year-over-year revenue increase in Q3 2022, with revenues totaling $4.8 million. The company's MaaS backlog expanded to nearly $8M. Forward revenue guidance for 2022 was revised to approximately $22.5M, representing a 225% year-over-year increase.
Net revenues for the quarter totaled $4.8 million.
Multiscreen-as-a-Service (MaaS) Platform Revenues were $1.3 million.
Hardware Revenues were $3.5 million.
Net Loss was $(8.0) million.
Phunware
Phunware
Forward Guidance
Phunware is revising its forward revenue guidance for 2022 to up roughly 225% year-over-year, or approximately $22.5M. The second half of 2022 will represent a new second half record for reported revenues as a public company for its comparable period.