Phunware, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:34 pm EDT
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Phunware, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 3.49 million compared to USD 5.49 million a year ago. Net loss was USD 6.52 million compared to USD 17.07 million a year ago. Basic loss per share from continuing operations was USD 3 compared to USD 8.5 a year ago.
For the six months, sales was USD 8.23 million compared to USD 12.26 million a year ago. Net loss was USD 10.79 million compared to USD 31.99 million a year ago. Basic loss per share from continuing operations was USD 5 compared to USD 16.5 a year ago.
Phunware, Inc. offers a fully integrated cloud platform for mobile that provides companies with products, services and solutions necessary to engage, manage and monetize their mobile application portfolios and audiences at scale. Its platform provides the entire mobile lifecycle of applications, media and data in one login through one procurement relationship. Its offerings include Enterprise mobile software development kits (SDKs) including content management, location-based services, marketing automation, business intelligence and analytics, notifications and messaging, audience engagement and audience monetization; Integration of its SDK licenses into existing applications maintained by its customers, and custom application development and support services; Cloud-based vertical solutions, and Application transactions for mobile audience building, user acquisition, application discovery, audience engagement and monetization, including its engagement-driven digital asset PhunToken.