2023: Phunware Carrying Heavier Debt Load Despite Successful Year
March 14, 2023
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2023 has been a successful year for Phunware ($NASDAQ:PHUN), but the company is still carrying a heavy debt load. Despite its many achievements, the amount of debt the company is carrying has not been reduced. The amount of debt that Phunware has accumulated is considerable and has put the company in a difficult financial situation. The primary cause of Phunware’s current debtload is due to the large investments it has made over the years in order to keep up with the ever-changing technological landscape. This includes investments in various infrastructure, software, and personnel in order to stay competitive. Additionally, Phunware has also increased its spending on research and development in order to create new products and services to better serve its customer base. While Phunware’s current debt load is substantial, the company has been able to remain profitable throughout the year despite the heavy debt burden. This is due in part to Phunware’s continued focus on delivering high-quality products and services to customers. Additionally, the company has also been able to find cost-saving initiatives and reduce operational costs. Overall, 2023 has been a successful year for Phunware despite the high debt load. The company has managed to remain profitable throughout the year and continues to invest heavily in research and development.
However, Phunware will need to find more ways to reduce its debt load in order to ensure long-term financial stability.
Market Price
Despite their success, news coverage of their performance has been mostly neutral. On Friday, PHUNWARE stock opened at $0.8 and closed at $0.8, a 7.5% drop from the prior closing price of 0.8. This could be attributed to the increased debt load, and investors are closely monitoring PHUNWARE’s performance in the coming months. Unfortunately, this could indicate a more difficult road ahead for the company in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Phunware. More…
| Total Revenues | Net Income | Net Margin |
| 22.42 | -71.82 | -121.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phunware. More…
| Operations | Investing | Financing |
| -26.3 | -47.17 | 81.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Phunware. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 68.48 | 35.7 | 0.32 |
Key Ratios Snapshot
Some of the financial key ratios for Phunware are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.8% | – | -313.0% |
| FCF Margin | ROE | ROA |
| -299.9% | -128.1% | -64.0% |
Analysis
We here at GoodWhale have conducted an analysis of PHUNWARE‘s fundamental and financial indicators. Our Risk Rating has found that PHUNWARE is a high-risk investment in terms of financial and business aspects. We have detected three risk warnings – two in the income sheet and one in the balance sheet – that should be taken seriously into consideration. We encourage our users to register on GoodWhale.com to have a closer look at our findings. Our analysis can help investors make the best decisions for their portfolios, with the aim of achieving optimal returns. We strive to provide accurate and reliable information about any given company. We take pride in our thorough research and attention to detail, and we hope to be your go-to source for financial and business decision-making. More…
Peers
The Company is a global provider of enterprise class software platforms for mobile that provide contextual mobile experiences for consumers, employees and things. Phunware has created one of the world’s first and only end-to-end cloud-based, multiscreen, multidevice, content management, and big data analytics platform for mobile that can be completely integrated into an existing enterprise ecosystem.
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Summary
PHUNWARE Inc. is a publicly traded company that provides a suite of integrated cloud-based enterprise software platforms and solutions. Despite this success, the company is carrying a heavier debt load than previous years. This has been reflected in the stock price, which has moved down in the same day as the news coverage of the high debt load. Analysis on investing in PHUNWARE should assess the potential risk of further decline in the share price due to the higher debt burden.
However, investors should also take into account the company’s successful year and growth potential when evaluating the stock.
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