NASDAQ$PHUN

Phunware Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Phunware's financial results for the full year ended December 31, 2020 were reported.

Phunware reported full year 2020 financial results, with net revenues totaling $10.0 million and a net loss of $22.2 million.

  • Net Revenues for the year totaled $10.0 million.
  • Multiscreen-as-a-Service (MaaS) Platform Subscriptions and Services Revenues were $9.1 million.
  • Gross Margin was 66.4%.
  • Net Loss was ($22.2) million.

Headline financials

Total Revenue

$2.02M

Previous: $2.69M-24.9%
EPS (adj)

-$6.00

Previous: -$5.00-20.0%
Net Income

-$22.2M

Previous: -$12.9M-72.5%
Operating Income

-$17.5M

Previous: -$12.3M-42.1%
Gross Profit

$6.64M

Previous: $10.1M-34.4%
Cash & Equivalents

$3.94M

Previous: $276K+1327.5%
Total Assets

$31.8M

Previous: $29.1M+9.6%
Stock-Based Comp

$1.03M

No prior period

Revenue & EPS history

Phunware · Revenue · Quarterly

$2.02M

Q4 2020-24.9%vs Q4 2019
Beat estimate in 1 of 6 quarters(17%)
ActualEstimate

Forward guidance

Phunware is transitioning to a SaaS licensing business and expects growth through direct customers, indirect sales, channel partners, and the launch of its blockchain ecosystem.

Tailwinds

  • Shift to a stickier, more scalable, recurring and high margin SaaS licensing business.
  • Continued enterprise interest in MaaS Digital Front Door and MaaS Smart Workplace solutions.
  • Resumed conversations with customers from the hospitality and real estate verticals.
  • Expansion of go-to-market strategy with indirect sales and channel partners.
  • Completion of PhunWallet and launch of blockchain ecosystem powered by PhunCoin and PhunToken.

Headwinds

  • No specific financial guidance provided.
  • Reliance on growth initiatives that may not materialize as expected.
  • Potential delays in the commercialization, scaling, and monetization of the blockchain business.
  • Risks associated with the adoption of blockchain-enabled MaaS Customer Data Platform and MaaS Mobile Loyalty Ecosystem.
  • Uncertainties related to the impact of the pandemic on customer sectors.

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 Q4 2020

Historical avgQ4 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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