Phunware (NASDAQ:PHUN - Get Free Report) announced its earnings results on Thursday. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.12, Zacks reports. The business had revenue of $0.99 million for the quarter, compared to analysts' expectations of $0.93 million. Phunware had a negative net margin of 867.61% and a negative return on equity of 244.22%.
Phunware Trading Up 4.1 %
Shares of NASDAQ:PHUN traded up $0.12 during trading on Monday, reaching $3.07. The company had a trading volume of 254,420 shares, compared to its average volume of 2,317,968. 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 stock's fifty day moving average price is $3.76 and its 200 day moving average price is $4.60. Phunware has a fifty-two week low of $2.70 and a fifty-two week high of $14.60.
Wall Street Analyst Weigh In
Separately, HC Wainwright dropped their price objective on shares of Phunware from $6.00 to $3.00 and set a "neutral" rating on the stock in a research note on Monday.
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About Phunware
(
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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.
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