Phunware Q1 2024 GAAP EPS $(0.33) Beats $(0.45) Estimate, Sales $921.000K Miss $1.196M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phunware reported Q1 2024 earnings with a GAAP EPS of $(0.33), surpassing the $(0.45) estimate, indicating a significant improvement over the previous year's $(2.07) per share loss. However, their sales of $921,000 fell short of the $1.196 million estimate, marking a 31.47% decrease from the previous year.
May 09, 2024 | 10:26 pm
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Phunware's Q1 2024 earnings outperformed EPS estimates but fell short on sales, indicating mixed financial health.
The positive EPS surprise suggests operational efficiency and cost management, potentially boosting investor confidence. However, the sales miss could raise concerns about revenue growth and market demand, creating mixed sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100