Phunware: Q1 Earnings Snapshot

Associated Press Finance
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AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Thursday reported a loss of $4.3 million in its first quarter.

The Austin, Texas-based company said it had a loss of 4 cents per share. Losses, adjusted for non-recurring gains, came to 7 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 7 cents per share.

The company posted revenue of $4.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $5.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHUN at https://www.zacks.com/ap/PHUN

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