Phunware slides after missing Q3 revenue estimates

Phunware

08/11/2024 15:46

** Shares of software developer Phunware  PHUN.O  fall 7.6%
to $5.93
    ** Co posts Q3 revenue of $665,000, below analysts'
estimates of $1.3 mln, as per data compiled by LSEG 
    ** Co receives non-compliance notice from the Nasdaq stock
exchange, co says in a SEC filing
    ** PHUN reports net loss of $2.8 mln in Q3 vs net loss of
$13.7 mln, a year earlier  
    ** PHUN was hired by Trump's 2020 re-election campaign to
build a phone app 
    ** Including session's move stock up ~44% YTD vs 28% gain in
Nasdaq  .IXIC                    

 (Reporting by Ragini Mathur)
 ((Ragini.Mathur@thomsonreuters.com;))