
Phunware Inc (PHUN) Stock Forecast & Price Target
Phunware Inc (PHUN) Analyst Ratings
Bulls say
Phunware Inc. reported a gross margin of 48.4% for the quarter, indicating an improvement from 46.5% in the previous quarter and a comparison to 50.4% from the prior year, highlighting operational efficiency. The company anticipates significant year-over-year growth for 2025, driven by favorable market conditions as it capitalizes on its strengths in key industries such as AI and mobile cloud software. Additionally, Phunware's strategic cost optimization efforts, including workforce reduction, are expected to yield annual run-rate cost savings of approximately $5 million, further enhancing its financial health and positioning for future opportunities.
Bears say
Phunware Inc. reported fiscal Q3 2024 revenues of $0.7 million, representing a significant decline of 76% year-over-year and falling short of both the company's estimates and market consensus. The company's EBITDA loss deepened to $8.6 million, with adjustments suggesting a potential increase to $10.0 million moving forward, highlighting a deteriorating financial performance. The lack of visibility into future business prospects has prompted a reassessment of the company's value, leading to a notable reduction in estimated revenue run-rate and concerns regarding the sustainability of its operations.
This aggregate rating is based on analysts' research of Phunware Inc and is not a guaranteed prediction by Public.com or investment advice.
Phunware Inc (PHUN) Analyst Forecast & Price Prediction
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