Phunware (NASDAQ:PHUN) Announces Quarterly Earnings Results

Phunware (NASDAQ:PHUN - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.12), Zacks reports. Phunware had a negative net margin of 867.61% and a negative return on equity of 244.22%. The company had revenue of $0.69 million during the quarter, compared to analysts' expectations of $0.60 million.

Phunware Stock Up 3.3%

NASDAQ:PHUN traded up $0.10 on Friday, reaching $3.13. 279,102 shares of the stock traded hands, compared to its average volume of 2,282,616. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $63.14 million, a price-to-earnings ratio of -3.86 and a beta of 2.58. Phunware has a 12 month low of $2.22 and a 12 month high of $14.60. The company's fifty day simple moving average is $2.85 and its 200 day simple moving average is $3.95.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PHUN shares. HC Wainwright decreased their target price on shares of Phunware from $6.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, March 24th. Roth Capital set a $4.50 price objective on Phunware in a research report on Monday, March 24th. Finally, Ascendiant Capital Markets lowered their price objective on Phunware from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Monday, April 21st.

Phunware Company Profile

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.