One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Phunware, Inc.
PHUN · NCM · Technology · Software - Application
Current price
$1.87
52-week range
$1.56 - $2.56
Market cap
$38.27M
Balance sheet
Healthy
-641.22x Concerning
Net cash $91.68M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Revenue grew 7.8% last year.
- Risk Operating margin compressed from -368.5% to -757.1% over 3 years.
- Risk Insider ownership is only 5.1% (peer median: 19.4%).
- Risk Return on equity was -13.7% last year — the company lost money on shareholders' equity.
What this company does
Phunware, Inc.
Phunware sells a software platform that helps other companies create and manage their own mobile apps, making money mainly through software subscriptions and advertising services. This platform allows businesses to engage with their customers through their apps and generate revenue from them, which is important for companies looking to build a strong presence in the mobile world. The company's revenue comes from selling access to its software and from showing ads within other apps.
How the company got here
Phunware was founded in 2009 with the goal of creating a cloud-based mobile platform to help companies engage, manage, and monetize their mobile app users. [1, 5, 8] Over the years, it has evolved its offerings to include a wide range of services, from mobile app development and location-based services to digital advertising and generative AI tools. [2] The company went public in 2018 through a merger with a special-purpose acquisition company (SPAC). [2] Phunware has also been involved in political campaigns, providing technology for voter engagement and fundraising, which has drawn public attention. [2] In recent years, the company has focused on realigning its business around high-growth Software-as-a-Service (SaaS) and Artificial Intelligence (AI) solutions. [2]
What it actually does
Phunware provides a comprehensive cloud-based software platform designed to help businesses enhance their mobile presence and customer engagement. [3, 6, 8] Think of it as a toolkit for companies that want to make their mobile apps more interactive, useful, and profitable. [3] This platform allows businesses to manage their mobile applications, deliver content, send alerts and messages, and even understand user behavior through data analytics. [3, 8] Phunware's technology aims to create better experiences for app users and provide valuable insights for the businesses using the platform. [3, 8]
Software subscriptions and services
This is Phunware's primary way of making money, accounting for the largest portion of its revenue. [1, 4] It involves providing companies with licenses for their software development kits (SDKs), which are like pre-built components that developers can use to add specific features to their own apps. [1] Phunware also offers customized development services to build unique mobile applications for clients. [1] Additionally, this segment includes services like content management, where businesses can update and manage app content through a cloud portal, and location-based services, which enable features like indoor navigation and wayfinding within apps. [1]
Advertising
This segment represents another way Phunware generates revenue. [1, 4, 7] It focuses on in-app advertising services, helping brands reach and engage with mobile users. [1] This includes services for mobile audience building, where companies can find and attract new users for their apps, and user acquisition, which is the process of getting people to download and start using an app. [1] Phunware also facilitates audience engagement, keeping users interested in an app, and audience monetization, which means finding ways for apps to make money through advertising. [1]
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$799.00K
Net income
$-5.25M
Diluted EPS
-0.26
Operating cash flow
$-5.73M
Free cash flow
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Sources
Revenue
$542.00K
Net income
$-3.19M
Diluted EPS
-0.16
Operating cash flow
$-2.73M
Free cash flow
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Sources
Revenue
$788.00K
Net income
$-2.12M
Diluted EPS
-0.11
Operating cash flow
$-3.20M
Free cash flow
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Revenue
$622.00K
Net income
$-2.41M
Diluted EPS
-0.12
Operating cash flow
$-2.48M
Free cash flow
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Sources
Revenue
$455.00K
Net income
$-3.14M
Diluted EPS
-0.16
Operating cash flow
$-3.46M
Free cash flow
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Sources
Revenue
$688.00K
Net income
$-3.72M
Diluted EPS
-0.18
Operating cash flow
$-3.33M
Free cash flow
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Sources
Revenue
$592.00K
Net income
$-2.63M
Diluted EPS
-0.04
Operating cash flow
$-2.71M
Free cash flow
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Sources
Revenue
$665.00K
Net income
$-2.76M
Diluted EPS
-0.25
Operating cash flow
$-2.38M
Free cash flow
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Sources
Is it cheap or expensive?
Fair value — vs current price $1.87
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $91.7M - more cash than debt. Interest coverage -641.2x.
Net debt
$-91.68M
Interest coverage
-641.22x
Phunware, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
PHUN
BASELINE
Phunware, Inc.
Total debt $453.00K Interest coverage -641.22x This is the baseline the peer rows are being compared against.
Total debt $356.09M Interest coverage 0.58x This peer still has a real interest-payment cushion, while PHUN does not.
Total debt $17.90M Interest coverage -15.30x Neither company has much profit cushion over interest right now.
Total debt $3.73M Interest coverage -6.97x Neither company has much profit cushion over interest right now.
Total debt $9.28M Interest coverage 11.47x This peer still has a real interest-payment cushion, while PHUN does not.
What you should know
The case for and against PHUN
1 Reward
3 Risks
Rewards
-
Revenue grew 7.8% last year.
Risks
-
Operating margin compressed from -368.5% to -757.1% over 3 years.
-
Insider ownership is only 5.1% (peer median: 19.4%).
-
Return on equity was -13.7% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-3.60x
P/B
0.43x
P/S
13.91x
EV/EBITDA
2.48x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
61.0%
Operating margin
-757.1%
Net margin
0.0%
ROE
-13.7%
ROA
-13.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.01x
Current ratio
19.84x
Quick ratio
19.71x
Total debt
$453.00K
Total cash
$92.13M
Growth
How the business has been compounding
Revenue TTM
$2.75M
Revenue 5Y CAGR
-30.0%
EPS TTM
-0.65
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-14.13M
Free CF TTM
$-12.47M
FCF margin
-453.2%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
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