Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Phunware Inc (DE:2RJA)
FRANKFURT:2RJA
Holding DE:2RJA?
Track your performance easily
Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
-4.49Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:May 15, 2019
|% Change Since: -16.33%
|Next Earnings Date:Mar 20, 2019
Earnings Call Sentiment|Neutral
The earnings call highlighted significant improvements in bookings, gross margin, and a substantial increase in cash reserves while maintaining a debt-free status. However, there was a decline in net revenues and a continuing non-GAAP adjusted EBITDA loss. Overall, while there are positive strides in financial health and strategic positioning, the decline in revenues indicates challenges that need addressing.Company Guidance
During the Phunware Q3 2024 earnings call, the company provided comprehensive guidance on its strategic direction and financial performance. Phunware's year-to-date software subscriptions and service bookings increased by nearly 300% to $2.2 million compared to $600,000 in 2023. The company's gross margin also improved to 51% in 2024 from 32% in 2023. Operating expenses decreased by 28% in Q3 2024 compared to Q3 2023, excluding a goodwill impairment expense in the previous year. The non-GAAP adjusted EBITDA loss was approximately $2.9 million for Q3 2024, showing a significant improvement from a $3.3 million loss in the same quarter of 2023. Phunware ended the quarter with $35.6 million in cash and no debt, bolstered by its at-the-market equity program, which raised gross proceeds of $16.8 million. Subsequent to the quarter, the company raised an additional $79.8 million, bringing its cash reserves to approximately $100 million. This strong financial position supports Phunware's strategic focus on integrating AI into mobile solutions and targeting enterprise and federal government contracts, with expectations to launch a next-generation AI-driven SaaS platform by mid-2025.Significant Increase in Software Subscriptions and Service Bookings
Year-to-date software subscriptions and service bookings for the 9 months ended September 30 increased nearly 300% to $2.2 million in 2024 compared to $600,000 in 2023.
Improved Gross Margin and Reduced Operating Expenses
Gross margin improved to 51% in 2024 from 32% in 2023, with non-GAAP gross margin reaching 56% compared to 43% in 2023. Additionally, operating expenses decreased by approximately 28% year-over-year.
Substantial Cash Increase and Debt-Free Status
Phunware closed the quarter with approximately $35.6 million in cash and no debt, with cash reserves boosted to approximately $100 million as of November 6, 2024.
Significant Improvement in Net Loss
Net loss from continuing operations improved by 96% to $2.8 million in Q3 2024 from $13.7 million in Q3 2023.
---
DE:2RJA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
DE:2RJA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | €5.94 | €5.50 | -7.41% |
| Aug 08, 2024 | €3.11 | €3.30 | +6.11% |
| May 09, 2024 | €7.04 | €6.56 | -6.82% |
| Mar 12, 2024 | €8.78 | €9.01 | +2.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Phunware Inc (DE:2RJA) report earnings?
Phunware Inc (DE:2RJA) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Phunware Inc (DE:2RJA) earnings time?
Phunware Inc (DE:2RJA) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Phunware Inc stock?
The P/E ratio of Phunware is N/A.
What is DE:2RJA EPS forecast?
DE:2RJA EPS forecast for the fiscal quarter 2024 (Q4) is -0.12.
---