Phunware Reports Significant Improvement in First Quarter 2024 Financial Results
Phunware, Inc. (PHUN)
Company Research
Source: GlobeNewswire
AUSTIN, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) (“Phunware” or the “Company”), the leading provider of patented wayfinding and mobile engagement solutions that enables brands to engage, manage and monetize anyone anywhere, today announced financial results for the quarter ended March 31, 2024. “We’ve had a strong start to our year,” said Mike Snavely, CEO of Phunware. “New logo sales, gross margins and improvement in the strategic financial position of the company are the bright spots. We have the product, the team, and the pipeline to continue to make a global difference in mobile.” First Quarter 2024 Financial Results - A Foundation to Build Upon Statement of Income (Loss) Net revenues for the quarter totaled $0.9 million, exceeding the Company’s internal Q1 2024 plan by 5%Gross margin was 56.9% up from 5.4% in Q1 2023Net loss decreased to $(2.3) million from $(4.3) million in Q1 2023Net loss per share was $(0.33) versus $(2.07) in Q1 2023Non-GAAP
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PHUN
News
- Phunware, Inc. (NASDAQ: PHUN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $12.00 price target on the stock.MarketBeat
- Phunware, Inc. (NASDAQ:PHUN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Phunware Reports Significant Improvement in First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Phunware Appoints Hospitality Industry Veteran as Strategic Advisor to Propel Hospitality Sector Growth [Yahoo! Finance]Yahoo! Finance
- Phunware Appoints Hospitality Industry Veteran as Strategic Advisor to Propel Hospitality Sector GrowthGlobeNewswire
PHUN
Earnings
- 5/9/24 - Beat
PHUN
Sec Filings
- 5/13/24 - Form 10-Q
- 5/9/24 - Form 4
- 5/9/24 - Form 8-K
- PHUN's page on the SEC website