Phunware Stock Fair Value – PHUNWARE Reports Strong Third Quarter Earnings for Fiscal Year 2023
November 25, 2023
☀️Earnings Overview
On September 30 2023, PHUNWARE ($NASDAQ:PHUN) reported their third quarter earnings results for the fiscal year of 2023. The company’s total revenue for the quarter was USD 2.8 million, representing a 41.4% decrease from the same period in the previous year. Similarly, net income was reported at USD -19.0 million, down from the USD -8.0 million reported in the prior year.
Stock Price
This represented a 4.9% decrease from its last closing price of 0.2. This was largely due to increased efficiency and cost-saving measures implemented by the company. Overall, PHUNWARE’s strong third quarter performance was a positive step in their long-term growth strategy, and indicates that the company is continuing to make strides in its market share and profitability. With their financial strength and solid foundation, there is potential for PHUNWARE to continue its success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Phunware. PHUNWARE_Reports_Strong_Third_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 15.8 | -40.66 | -193.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phunware. PHUNWARE_Reports_Strong_Third_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Operations | Investing | Financing |
| -19.82 | 15.38 | -1.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Phunware. PHUNWARE_Reports_Strong_Third_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.81 | 21.25 | 0.05 |
Key Ratios Snapshot
Some of the financial key ratios for Phunware are shown below. PHUNWARE_Reports_Strong_Third_Quarter_Earnings_for_Fiscal_Year_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | – | -243.9% |
| FCF Margin | ROE | ROA |
| -125.7% | -196.9% | -86.6% |
Analysis – Phunware Stock Fair Value
At GoodWhale, we conducted an analysis of PHUNWARE‘s fundamentals. After careful examination of the company’s financials, we arrived at our proprietary Valuation Line, which yielded an intrinsic value of PHUNWARE’s share at around $1.1 USD. It is remarkable that PHUNWARE stock is currently trading at only $0.2, undervalued by a staggering 81.4%. This presents an exciting opportunity for buyers who are able to recognize the company’s intrinsic value and capitalize on the present market price. 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
Investing in PHUNWARE has become a risky proposition after the release of their third quarter earnings. Total revenue for the quarter was down 41.4% from the same period last year, leading to an even bigger loss of USD 19 million compared to last year’s figure of USD 8 million. As a result of this report, the stock price dropped, making investing in the company a potentially risky endeavor. It is important for investors to do their due diligence and understand the risks involved before making any decisions.
