Phunware: Q1 Earnings Snapshot
By AP News
Published - May 11, 2023, 04:48 PM ET
Last Updated - Jun 21, 2023, 08:23 PM EDT
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Thursday reported a loss of $4.3 million in its first quarter.
The Austin, Texas-based company said it had a loss of 4 cents per share. Losses, adjusted for non-recurring gains, came to 7 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.
The company posted revenue of $4.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $5.2 million.
