In Blog Articles, Featured

Today Phunware announced the upwardly revised Net Revenues guidance for Q3 2020. During the Company’s last earnings announcement for Q2 2020, Phunware announced that Net Revenues would represent a quarterly, annual and historic bottom for revenue recognition as a public company and also that its post-pandemic goal was to get back to 30% or more year-over-year Net Revenues growth. Today Phunware announced that Net Revenues are expected to be up sequentially more than 30% quarter-over-quarter from Q2 to Q3 to a Net Revenues range of $2.9M – $3.1M.

“Many of Phunware’s customers and strategic partners were forced to pause procurement decisions due to COVID-19 in the second quarter, but as expected, companies are now racing to implement their digital transformation initiatives,” said Alan S. Knitowski, President, CEO and Co-Founder of Phunware. “By licensing and standardizing on our patented Multiscreen as a Service (MaaS) platform for mobile, enterprise customers can better engage people in a mobile-first, post-pandemic world that demands security, reliability and scalability, including complex application portfolio integrations with advanced product roadmap extensibility.”

Read the full article from Proactive

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