Phunware: Q2 Earnings Snapshot

August 11, 2022 GMT

AUSTIN, Texas (AP) _ Phunware, Inc. (PHUN) on Thursday reported a loss of $17.1 million in its second quarter.

The Austin, Texas-based company said it had a loss of 17 cents per share. Losses, adjusted for asset impairment costs, came to 5 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 5 cents per share.

The company posted revenue of $5.5 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $5.8 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHUN at https://www.zacks.com/ap/PHUN