AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Monday reported a loss of $3.7 million in its first quarter.
The Austin, Texas-based company said it had a loss of 18 cents per share. Losses, adjusted for non-recurring costs, came to 12 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 12 cents per share.
The company posted revenue of $688,000 in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $600,000.
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