NASDAQ$PHUN

Phunware Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported a sequential increase in net revenues and an expanded gross margin, while reducing Adjusted EBITDA loss.

Phunware's Q3 2020 financial results showed a 40% sequential increase in Net Revenues to $3.13 million and an expanded gross margin exceeding 71%. The company also reduced Adjusted EBITDA loss by nearly 30% sequentially.

  • Net Revenues for the quarter totaled $3.13 million.
  • Multiscreen-as-a-Service (MaaS) Platform Subscriptions and Services Revenues were $2.86 million.
  • Gross Margin was 71.3%.
  • Net Loss was ($8.57) million, inclusive of a one-time ($4.50) million extraordinary expense for legal settlements.

Headline financials

Total Revenue

$3.13M

Previous: $5.64M-44.5%
EPS (adj)

-$4.50

Previous: -$3.00-50.0%
Gross Margin

71.3%

No prior period
Adjusted EBITDA Loss

-$1.26M

No prior period
Capital Expenditures

$0.00

Previous: -$18K+100.0%
Free Cash Flow

-$8.57M

Previous: -$2.44M-250.5%
Net Income

-$8.57M

Previous: -$2.43M-253.1%
Operating Income

-$7.5M

Previous: -$2.29M-227.2%
Gross Profit

$2.23M

Previous: $3.22M-30.7%
Cash & Equivalents

$1.14M

Previous: $68K+1580.9%
Total Assets

$29.4M

Previous: $30.4M-3.5%
Stock-Based Comp

$1.71M

No prior period

Revenue & EPS history

Phunware · Revenue · Quarterly

$3.13M

Q3 2020-44.5%vs Q3 2019
Beat estimate in 1 of 5 quarters(20%)
ActualEstimate

Forward guidance

Phunware has established solid operating momentum for entering 2021, positioning it to capitalize on the demand it’s seeing for its MaaS Smart Workplace solutions for corporations and its MaaS Digital Front Door solutions for healthcare organizations.

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 Q3 2020

Historical avgQ3 2020

-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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