NASDAQ$PHUN

Phunware Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Phunware's Q3 2021 financial results were announced, revealing a 50% increase in quarter-over-quarter net revenues.

Phunware reported a 50% sequential organic growth in net revenues quarter-over-quarter. The company's net revenues for the quarter totaled $2.2 million, with MaaS platform subscriptions and services revenues reaching $1.8 million. Net income was $0.4 million, with a net income per share of $0.01. However, the Non-GAAP Adjusted EBITDA Loss was $(2.5) million.

  • Net Revenues totaled $2.2 million.
  • MaaS Platform Subscriptions and Services Revenues were $1.8 million.
  • Net Income was $0.4 million.
  • Net Income per Share was $0.01.

Headline financials

Total Revenue

$2.16M

Previous: $3.13M-31.0%
EPS (adj)

-$0.03

Previous: -$4.50+99.3%
Free Cash Flow

$372K

Previous: -$8.57M+104.3%
Net Income

$372K

Previous: -$8.57M+104.3%
Operating Income

-$4.04M

Previous: -$7.5M+46.2%
Gross Profit

$1.13M

Previous: $2.23M-49.2%
Cash & Equivalents

$882K

Previous: $1.14M-22.8%
Total Assets

$32M

Previous: $29.4M+8.9%
Stock-Based Comp

$1.5M

Previous: $1.71M-12.5%

Revenue & EPS history

Phunware · Revenue · Quarterly

$2.16M

Q3 2021-31%vs Q3 2020
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Forward guidance

Phunware is positioned to finish the year with a great fourth quarter and is excited to have a fully funded operating plan that gives it the ability to drive organic and inorganic growth in 2022.

Tailwinds

  • Fully funded operating plan enabling organic and inorganic growth.
  • Successful raising of more than $65 million.
  • Holding approximately 129 bitcoin.
  • Commitment to growing digital currency holdings.
  • Expectation to add Decentralized Finance (DeFi) to corporate treasury activities.

Headwinds

  • No specific negative aspects were found in the text provided.

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 2021

Historical avgQ3 2021

-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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