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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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