Phunware, Inc. (NASDAQ: PHUN) – a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide – announced preliminary financial results for the year ended December 31, 2022.
FY 2022 Financial Results
— Net revenues for the year totaled $21.8 million
— Platform revenues were $6.5 million
— Hardware revenues were $15.3 million
— Net loss was $(50.9) million
— Net loss per share was $(0.51)
— Non-GAAP Adjusted EBITDA loss was $(23.5) million
— Note: The Q4 EPS of ($0.51) was $0.43 lower than a consensus of ($0.08). And the revenue for the quarter was $21.79 million compared to a consensus of $5.47 million.
— Note: PHUN is down over 6% as of the last check
KEY QUOTE:
“We are thrilled to see increased interest from our channel partners, who we believe will be a key catalyst of accelerated bookings of our core software solution in 2023. Our senior management team remains laser-focused on ramping up our MaaS offering through several essential verticals, with a key focus on hospitality and healthcare. Additionally, we plan to further expand our hardware business, which in the first full year under the Phunware umbrella, helped drive total revenue up 105% in 2022. Phunware helps brands enhance the consumer experience and we expect to further extend our footprint in industry segments where our products increase customer satisfaction and provide a strong ROI for our clients.”
— Russ Buyse, CEO of Phunware
