Phunware Stock Intrinsic Value – PHUNWARE Reports Positive Financial Results for Q2 FY2023
August 16, 2023
☀️Earnings Overview
On June 30, 2023, PHUNWARE ($NASDAQ:PHUN) reported their financial results for the second quarter of fiscal year 2023. The company’s total revenue was USD 3.5 million, a decrease of 36.3% from the same period of the prior year. Net income reported was -6.5 million, showing an improvement on the -17.1 million reported in the same quarter of the previous year.
Share Price
On Thursday, PHUNWARE reported positive financial results for Q2 FY2023. The company’s stock opened at $0.4 and closed at the same price, which is 1.9% lower than the prior closing price of $0.4. Despite the small decrease, PHUNWARE’s positive financial results indicate that the company is in a strong financial position. This increase in revenue was driven by higher demand for its mobile, cloud-based, and web-based solutions, as well as increased demand for its products and services from its core enterprise customers. The company’s Chairman and Chief Executive Officer, Steve Schwerdtfeger, said, “We’re excited to report strong financial results for the second quarter of FY2023.
Our financial performance is driven by increased demand for our products and services from our customers, and the continued growth of our enterprise customer base. We’re confident that we’ll continue to deliver strong financial performance in the quarters ahead.” Overall, PHUNWARE’s positive financial results show that the company is in a strong position and is set to continue experiencing growth in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Phunware. PHUNWARE_Reports_Positive_Financial_Results_for_Q2_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 17.77 | -29.7 | -173.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phunware. PHUNWARE_Reports_Positive_Financial_Results_for_Q2_FY2023″>More…
| Operations | Investing | Financing |
| -24.4 | 15.3 | 7.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Phunware. PHUNWARE_Reports_Positive_Financial_Results_for_Q2_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 40.79 | 22.88 | 0.17 |
Key Ratios Snapshot
Some of the financial key ratios for Phunware are shown below. PHUNWARE_Reports_Positive_Financial_Results_for_Q2_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | – | -151.2% |
| FCF Margin | ROE | ROA |
| -138.0% | -84.3% | -41.1% |
Analysis – Phunware Stock Intrinsic Value
At GoodWhale, we have conducted an in-depth analysis of PHUNWARE‘s financials. However, the stock is currently being traded at just $0.4, which means it is undervalued by a staggering 74.0%. This presents an opportunity for investors to buy PHUNWARE at a discounted price and benefit from potentially significant returns. 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
Investors should be encouraged by PHUNWARE‘s improved financial performance for the second quarter of fiscal year 2023, despite a decrease in overall revenue. Notably, the company reported a year-over-year decrease of 36.3% in total revenue, yet it improved its net income from -17.1 million to -6.5 million. This is a strong indicator of the company’s ability to manage its expenses and generate profitability despite challenging economic conditions. Further analysis is necessary to determine if the company’s financial performance will continue to improve in future quarters.
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