Phunware Inc (NASDAQ:PHUN) shares are in the spotlight Tuesday ahead of earnings. Here’s what you need to know.
What To Know: Phunware is set to report fourth-quarter financial results Tuesday after the market close. The company is expected to report a loss of $2 per share and quarterly revenue of $2.097 million, according to estimates from Benzinga Pro.
Last quarter, Phunware missed revenue estimates, but turned in earnings that were in line with analyst estimates and introduced the Phunware 3.0 strategy. Investors will be watching for updates on the company’s new corporate initiative.
Phunware shares have rallied more than 150% year-to-date driven by increased optimism surrounding a potential return to the White House for former President Donald Trump.
Phunware has ties to Trump dating back to 2020 when the company announced that it was working on …