Phunware AI Stock Analysis
Phunware (2RJA) AI Stock Analysis
Phunware
(Frankfurt:2RJA)
No summary available
Phunware (2RJA) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 36.60M
- Dividend Yield
- ―
- Average Volume (3M)
- 667
- Price to Earnings (P/E)
- -2.7
- Beta (1Y)
- 0.79
- Revenue Growth
- 6.51%
- EPS Growth
- 17.05%
- Country
- Germany
- Employees
- 26
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Phunware Business Overview & Revenue Model
Company Description
Phunware, Inc., operating alongside its subsidiaries, delivers an integrated software platform designed to empower companies globally and within the United States. Its primary aim is to provide clients with the tools, solutions, and services needed t...
Phunware Earnings Call Summary
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.
Q3-2024 Updates
Positive Updates
Negative Updates
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.
Phunware Risk Analysis
Phunware disclosed 67 risk factors in its most recent earnings report. Phunware reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
1 New RiskPhunware Peers Comparison
Overall Rating
NTWK70Outperform
AWRE44Neutral
SURG44Neutral
BMR42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| NTWK | 70Outperform | $83.67M | 27.46 | 7.84% | ― | 12.53% | -0.08% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| AWRE | 44Neutral | $19.43M | -2.48 | -36.87% | ― | -9.81% | -45.08% |
| SURG | 44Neutral | $9.82M | -0.10 | 193.81% | ― | 83.91% | 38.02% |
| BMR | 42Neutral | $14.98M | -2.09 | -52.77% | ― | -7.06% | -58.16% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:2RJA | Phunware | 1.52 | -0.41 | -21.19% | |
| AWRE | Aware Inc. | 0.95 | -1.40 | -59.49% | |
| NTWK | Netsol | 6.89 | 4.06 | 143.46% | |
| SURG | Surgepays Inc | 0.15 | -1.86 | -92.57% | |
| AMOD | Alpha Modus Holdings, Inc. | 0.95 | -37.85 | -97.55% | |
| BMR | Beamr Imaging Ltd. | 0.96 | -1.10 | -53.35% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.