Phunware, Inc. Q2 FY2024 Earnings Call
· Earnings call transcript and AI-powered summary
- Quarter End: June 30, 2024
- Date of Call: August 8, 2024
- Key Executives: Mike Snavely (CEO), Troy Reisner (CFO)
Business Highlights
- Achieved 100% customer retention in Q2 2024.
- Phunware was added to the FTSE Russell Microcap Index.
- 2024 bookings to date already surpassed full-year 2023 bookings.
- Identified over $7 million in new pipeline in Q3 so far.
- Strengthened sales model and team, contributing to improved pipeline.
- Phunware platform continues to differentiate with native apps and reusable, configurable modules for industry-specific needs.
- Prepared for M&A activities and exploring expansion into new market verticals beyond hospitality and healthcare.
Financial Results
Bookings (Total Contract Value)
- Q2 2024 bookings increase: +623% vs Q2 2023
- First half 2024 bookings: +939% vs H1 2023
Revenue
- Q2 2024: $1.0 million, ↑ ~10% vs Q1 2024
- H1 2024: $1.9 million, ↓ ~$0.7M or 26.8% vs H1 2023 (H1 2023 included a breakage fee)
Profitability and Expenses
Continue Reading
Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.
Upgrade to ProfessionalContinue Reading
Unlock the full earnings call transcript with speaker labels and formatted dialogue.
Upgrade to Professional