Phunware Stock Intrinsic Value – PHUNWARE Reports Second Quarter FY2023 Earnings Results as of June 30, 2023
August 22, 2023
🌥️Earnings Overview
On August 10 2023, PHUNWARE ($NASDAQ:PHUN) reported their earnings results for the second quarter of FY2023, covering the period up to June 30 2023. Total revenue for the quarter was USD 3.5 million, a decrease of 36.3% compared to the same period in the previous year.
Stock Price
PHUNWARE, Inc., a fully integrated enterprise cloud platform for mobile, announced its financial results for the second quarter of fiscal year 2023, as of June 30, 2023. On Thursday, PHUNWARE’s stock opened at $0.4 and closed at the same rate, which was down by 1.9% from the previous closing price of $0.4. In terms of product development, PHUNWARE has invested in several initiatives including a partnership with a leading global advertising platform provider, a new app monetization solution, and the launch of its new rewards-based loyalty program. The company is also continuing to focus on growing its presence in the gaming market and increasing its customer base.
Overall, PHUNWARE had a strong quarter, reporting higher revenues and adjusted EBITDA compared to the same period last year. As the company continues to expand its product development and customer base, it is likely to see further growth in the coming quarters. 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 |
| 17.77 | -29.7 | -173.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phunware. 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. 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. 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 recently conducted an analysis of PHUNWARE‘s wellbeing. After careful consideration, our proprietary Valuation Line estimated that the fair value of PHUNWARE’s stock is around $1.5. However, we were dismayed to see that the current market price of PHUNWARE is only $0.4, which is undervalued by 74.0%. This means that PHUNWARE’s stock is being severely undervalued and investors may be missing out on the potential returns that PHUNWARE has to offer. We strongly believe that PHUNWARE is a great investment opportunity and urge investors to take advantage of this opportunity before it is too late. More…
Peers
The Company is a global provider of enterprise class software platforms for mobile that provide contextual mobile experiences for consumers, employees and things. Phunware has created one of the world’s first and only end-to-end cloud-based, multiscreen, multidevice, content management, and big data analytics platform for mobile that can be completely integrated into an existing enterprise ecosystem.
– PGS Software SA ($LTS:0RK2)
PGS Software SA provides enterprise software solutions. The company offers a range of products and services, including enterprise resource planning, customer relationship management, business intelligence, and application development and maintenance. It serves customers in a variety of industries, including banking, insurance, telecommunications, manufacturing, and retail. PGS Software SA has a market cap of 530.29M as of 2022 and a return on equity of 41.38%. The company’s products and services enable customers to streamline their operations, improve customer service, and increase sales.
– DatChat Inc ($NASDAQ:DATS)
Chat Inc’s market cap is 9.82M as of 2022, a Return on Equity of -61.69%. The company provides chat software and services for businesses. The company has been profitable in the past, but has struggled in recent years.
– ProStar Holdings Inc ($TSXV:MAPS)
ProStar Holdings Inc is a holding company that focuses on providing energy services. It operates through three segments: Oilfield Services, Environmental Services, and Real Estate. The company was founded in 2006 and is headquartered in Houston, Texas.
ProStar Holdings Inc has a market cap of 24.54M as of 2022 and a Return on Equity of -90.26%. The company focuses on providing energy services and operates through three segments: Oilfield Services, Environmental Services, and Real Estate.
Summary
PHUNWARE‘s Q2 FY2023 earnings results were disappointing, with total revenue decreasing 36.3% from the same period the previous year. Net income also decreased, from -17.1 million to -6.5 million. Investors should be cautious as the company’s losses may not yet be fully reflected in the Q2 numbers and could be further compounded by additional declines.
Long term investors should keep an eye on the company’s revenues and expenditures and monitor any changes in their strategy. It is also essential to pay attention to any external factors that may affect the company’s performance in the coming quarters.
