BUZZ-Phunware slides after missing Q3 revenue estimates

Reuters
2024-11-08

** Shares of software developer Phunware 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

(Reporting by Ragini Mathur)

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

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