AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Thursday reported a loss of $2.4 million in its third quarter.
The Austin, Texas-based company said it had a loss of 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The company posted revenue of $622,000 in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $533,000.
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