NASDAQ$PHUN

Phunware Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Phunware's Q2 2024 financial results reported solid performance with significant SaaS bookings growth.

Phunware reported its Q2 2024 financial results, highlighting a 623% increase in SaaS bookings compared to Q2 2023. The company focused on supporting existing customers and early renewals, driven by demand for their products and services.

  • SaaS bookings increased by 623% compared to the second quarter of 2023.
  • The company executed early renewals with three of its largest customers.
  • Software bookings are up nearly 10x over the prior six-month period.
  • The company is activating marketing spend to encourage current customers to renew early.

Headline financials

Total Revenue

$1.01M

Previous: $3.49M-71.0%
EPS

-$0.32

Previous: -$2.50+87.2%
Free Cash Flow

-$2.63M

Previous: -$6.53M+59.7%
Net Income

-$2.63M

Previous: -$6.52M+59.7%
Operating Income

-$2.93M

Previous: -$8.2M+64.2%
Gross Profit

$470K

Previous: $456K+3.1%
R&D Expense

$496K

No prior period

Revenue & EPS history

Phunware · Revenue · Quarterly

$1.01M

Q2 2024-71%vs Q2 2023
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

-3.4%

Avg return

Earnings day

-1.8%

Avg return

5 days after

-12.4%

Avg return

30 days after

28%

10 / 36 earnings

Positive

+17.0%

Q1 2022

Best reaction

-24.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.6%-2.0%
Q1 2026-0.5%+3.5%-1.5%
Q3 2025+1.4%+0.4%-8.8%
Q1 2025+1.3%+0.3%+5.1%
Q4 2024-1.3%-20.0%+0.3%
Q3 2024-24.6%-28.1%-38.2%
Q2 2024+10.5%+4.7%-6.4%
Q1 2024-5.5%+4.9%-24.2%
Q4 2023-11.7%+1.6%-27.3%
Q3 2023-16.7%-13.6%-48.3%
Q2 2023-4.6%-7.8%-34.9%
Q1 2023-5.9%-7.8%-11.9%
Q4 2022-4.1%-5.4%-18.1%
Q3 2022+14.8%+15.6%-25.4%
Q2 2022-3.9%-1.1%-21.3%
Q1 2022+17.0%+11.9%-5.9%
Q4 2021+0.0%-0.7%-25.8%
Q3 2021+4.9%+0.8%-13.1%
Q2 2021-16.3%-21.8%-5.5%
Q1 2021-8.1%+1.5%+3.7%
Q4 2020-15.1%-18.2%-22.4%
Q3 2020-6.8%-8.3%+13.9%
Q2 2020-8.2%-12.2%-40.8%
Q1 2020-0.4%+129.9%+69.8%
Q4 2019-13.6%-30.7%-9.5%
Q3 2019+2.3%+1.5%-9.2%
Q2 2019-17.2%-25.4%+0.6%
Q1 2019-9.8%-26.5%-45.1%
Q4 2018+3.7%-11.7%-82.0%
Q3 2018+0.0%+0.0%-4.1%
Q2 2018+0.0%+0.0%-0.1%
Q4 2017+0.6%+0.1%+0.6%
Q1 2018+0.1%+0.1%+0.1%
Q3 2017-2.1%+0.0%+0.6%
Q2 2017-1.0%-0.3%-0.5%
Q1 2016+0.0%+0.0%-0.1%
Q3 2016

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