NASDAQ$PHUN

Phunware Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Phunware's financial performance reflected a year of growth and strategic shifts.

Phunware reported full year 2022 financial results, with a significant increase in total revenue driven by hardware sales, alongside a net loss. The company is focusing on expanding its MaaS offering and hardware business.

  • Total revenue increased by 104.8% year-over-year, driven by hardware revenue growth.
  • Hardware revenue constituted 70.1% of total revenue.
  • Net loss was $(50.9) million, and net loss per share was $(0.51).
  • The company is focusing on ramping up its MaaS offering and expanding its hardware business.

Headline financials

Total Revenue

$4.77M

Previous: $5.4M-11.6%
EPS (adj)

-$5.00

Previous: -$20.00+75.0%
Net Income

-$50.9M

Previous: -$53.5M+4.9%
Operating Income

-$29.5M

Previous: -$16.8M-75.1%
Gross Profit

$5.08M

Previous: $3.61M+40.5%
Cash & Equivalents

$1.96M

Previous: $23.1M-91.6%
Total Assets

$56.8M

Previous: $99.3M-42.8%
Stock-Based Comp

$840K

Previous: $1.01M-16.7%

Revenue & EPS history

Phunware · Revenue · Quarterly

$4.77M

Q4 2022-11.6%vs Q4 2021
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Forward guidance

Phunware anticipates growth in 2023 driven by channel partners and is focused on expanding its MaaS offering and hardware business.

Tailwinds

  • Increased interest from channel partners expected to accelerate bookings.
  • Focus on ramping up MaaS offering through hospitality and healthcare verticals.
  • Plans to further expand the hardware business.
  • Belief that products increase customer satisfaction and provide a strong ROI for clients.
  • Expansion into industry segments where products increase customer satisfaction.

Headwinds

  • Forward-looking statements involve risks and uncertainties.
  • Actual results may differ materially from those projected.
  • Factors described under "Risk Factors" in SEC filings may affect results.
  • Forward-looking statements are not guarantees of future performance.
  • Results may not be indicative of results in subsequent periods.

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 2022

Historical avgQ4 2022

-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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