Loading...
•
Dec 31, 2021
Phunware Q4 2021 Earnings Report
Announced Preliminary Full Year 2021 Financial Results
Key Takeaways
Phunware reported preliminary full year 2021 financial results, highlighting significant progress across key business segments and a pivotal period for the company. The acquisition of Lyte Technology added to top-line revenues and diversified business channels.
Net Revenues for the year totaled $10.6 million
Multiscreen-as-a-Service (MaaS) Platform Subscriptions and Services Revenues were $5.3 million
Computer Hardware Revenues were $3.1 million
Net Loss was $(53.5) million
Phunware
Phunware
Forward Guidance
Phunware expects to accelerate expansion via organic and inorganic initiatives on an international scale, including top-line revenue growth of 250% or more year over year, all while strategically investing for efficiency and diversification.