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Side-by-side financial comparison of Lakeshore Acquisition III Corp. (LCCC) and Phunware, Inc. (PHUN). Click either name above to swap in a different company.
Phunware, Inc. is the larger business by last-quarter revenue ($1.0M vs $717.3K, roughly 1.4× Lakeshore Acquisition III Corp.). Lakeshore Acquisition III Corp. runs the higher net margin — 67.9% vs -260.2%, a 328.1% gap on every dollar of revenue.
Phunware Inc. is a publicly traded enterprise software company headquartered in Austin, Texas. Founded in 2009, Phunware builds cloud-based platforms that help brands and governments engage users across mobile and digital environments. Its core products include solutions for mobile app development, location-based services, digital advertising, and data-driven engagement.
LCCC vs PHUN — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $717.3K | $1.0M |
| Net Profit | $486.8K | $-2.6M |
| Gross Margin | — | 46.5% |
| Operating Margin | -32.1% | -290.2% |
| Net Margin | 67.9% | -260.2% |
| Revenue YoY | — | -21.9% |
| Net Profit YoY | — | 59.7% |
| EPS (diluted) | $0.08 | $-0.32 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 25 | $717.3K | — | ||
| Q2 25 | $467.3K | — | ||
| Q2 24 | — | $1.0M | ||
| Q1 24 | — | $921.0K | ||
| Q4 23 | — | $941.0K | ||
| Q3 23 | — | $1.3M | ||
| Q2 23 | — | $1.3M | ||
| Q1 23 | — | $1.3M |
| Q3 25 | $486.8K | — | ||
| Q2 25 | $216.5K | — | ||
| Q2 24 | — | $-2.6M | ||
| Q1 24 | — | $-2.3M | ||
| Q4 23 | — | $-23.0M | ||
| Q3 23 | — | $-19.0M | ||
| Q2 23 | — | $-6.5M | ||
| Q1 23 | — | $-4.3M |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | 46.5% | ||
| Q1 24 | — | 56.9% | ||
| Q4 23 | — | 47.5% | ||
| Q3 23 | — | 50.4% | ||
| Q2 23 | — | 41.3% | ||
| Q1 23 | — | 5.4% |
| Q3 25 | -32.1% | — | ||
| Q2 25 | -53.7% | — | ||
| Q2 24 | — | -290.2% | ||
| Q1 24 | — | -312.1% | ||
| Q4 23 | — | -2086.3% | ||
| Q3 23 | — | -1060.5% | ||
| Q2 23 | — | -470.0% | ||
| Q1 23 | — | -498.1% |
| Q3 25 | 67.9% | — | ||
| Q2 25 | 46.3% | — | ||
| Q2 24 | — | -260.2% | ||
| Q1 24 | — | -248.9% | ||
| Q4 23 | — | -2445.6% | ||
| Q3 23 | — | -1515.9% | ||
| Q2 23 | — | -503.8% | ||
| Q1 23 | — | -317.6% |
| Q3 25 | $0.08 | — | ||
| Q2 25 | $0.06 | — | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-0.33 | ||
| Q4 23 | — | — | ||
| Q3 23 | — | $-0.16 | ||
| Q2 23 | — | $-0.06 | ||
| Q1 23 | — | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-1.6M | $14.1M |
| Total Assets | $71.0M | $23.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | $20.4M | ||
| Q1 24 | — | $21.6M | ||
| Q4 23 | — | $3.9M | ||
| Q3 23 | — | $2.9M | ||
| Q2 23 | — | $1.1M | ||
| Q1 23 | — | $694.0K |
| Q3 25 | $-1.6M | — | ||
| Q2 25 | $-1.4M | — | ||
| Q2 24 | — | $14.1M | ||
| Q1 24 | — | $14.6M | ||
| Q4 23 | — | $-11.5M | ||
| Q3 23 | — | $6.6M | ||
| Q2 23 | — | $17.9M | ||
| Q1 23 | — | $21.9M |
| Q3 25 | $71.0M | — | ||
| Q2 25 | $70.5M | — | ||
| Q2 24 | — | $23.1M | ||
| Q1 24 | — | $24.3M | ||
| Q4 23 | — | $6.7M | ||
| Q3 23 | — | $27.8M | ||
| Q2 23 | — | $40.8M | ||
| Q1 23 | — | $45.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-206.3K | $-2.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -0.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-206.3K | — | ||
| Q2 25 | $-218.3K | — | ||
| Q2 24 | — | $-2.7M | ||
| Q1 24 | — | $-5.5M | ||
| Q4 23 | — | $-2.6M | ||
| Q3 23 | — | $-3.3M | ||
| Q2 23 | — | $-5.2M | ||
| Q1 23 | — | $-7.4M |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 0.0% | ||
| Q3 23 | — | 0.0% | ||
| Q2 23 | — | 0.0% | ||
| Q1 23 | — | 0.0% |
| Q3 25 | -0.42× | — | ||
| Q2 25 | -1.01× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
