Phunware Inc (NASDAQ:PHUN). said its net revenues for the first quarter ended March 31, 2023, totaled $4.7 million.
During the period, platform revenues were $1.3 million while hardware revenues were $3.4 million. The net loss was $4.3 million and net loss per share was $0.04, the company said.
“We are thrilled to add Siemens as a channel partner through their Siemens Connect Ecosystem. Partners like Siemens are a prime example of the types of relationships we intend to forge and will be a key accelerator for bookings on our platform in 2023 and beyond. I’m also encouraged by the progress made by major brands moving deeper through our sales pipeline,” Russ Buyse, CEO of Phunware, said in a statement.
“At the same time, our product team made huge strides in realizing our vision for Contextual Engagement on our platform. Phunware gives brands the tools and reach to enhance the consumer experience, increase customer satisfaction and provide a strong return on investment. Looking ahead, we intend to continue ramping our go-to-market efforts to capture as much market share as possible.”
Phunware is a pioneer of location-based software as a service (SaaS) and offers the only fully integrated enterprise cloud platform for mobile that enables brands to engage, manage and monetize their anytime, anywhere users worldwide.
Contact the author at jon.hopkins@proactiveinvestors.com