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Sep 30, 2023
Phunware Q3 2023 Earnings Report
Phunware's financial performance declined due to decreased hardware revenue and a net loss, but was marked by the launch of Phunware 3.0 strategy.
Key Takeaways
Phunware reported a net revenue of $2.8 million for Q3 2023, with a net loss of $19.0 million or $(0.16) per share. The company launched its Phunware 3.0 strategy, focusing on software sales, IP monetization, and the development of its digital assets ecosystem.
Net revenues for the quarter totaled $2.8 million.
Platform revenues were $1.3 million.
Hardware revenues were $1.5 million.
Net loss was $(19.0) million, or $(0.16) per share.
Phunware
Phunware
Forward Guidance
No specific forward guidance was provided in the press release.