Phunware (NASDAQ:PHUN) Issues Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Phunware (NASDAQ:PHUN) announced its earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.12, Zacks reports. Phunware had a negative return on equity of 244.22% and a negative net margin of 867.61%. The company had revenue of $0.99 million for the quarter, compared to analyst estimates of $0.93 million.

Phunware Stock Performance

PHUN opened at $2.89 on Friday. The stock’s 50-day moving average price is $3.80 and its 200 day moving average price is $4.58. Phunware has a 12-month low of $2.70 and a 12-month high of $14.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.80 and a quick ratio of 3.80.

About Phunware

Phunware, Inc, together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios in the United States and internationally. The company's products and services include mobile software and application transaction solutions comprise integration of software development kit (SDK) licenses, which consists of analytics that offers data related to application use and engagement; content management that allows application administrators to create and manage app content in a cloud-based portal; alerts, notifications, and messaging, which enables brands to send messages; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services, such as mapping, navigation, wayfinding, workflow, asset management, and policy enforcement.