Phunware reports Q3 net loss $2.8M; Nasdaq deficiency for audit committee

Phunware, Inc.

Net loss from continuing ops $2.8M ($0.25/diluted share) vs $13.7M ($5.72) in Q3 2023.
Cash & equivalents $35.5M at Sep 30; subsequent ATM proceeds boosted to ~$110M as of Nov 6.
Year-to-date software & subscription bookings up 300% vs prior year.
Nasdaq notified of non-compliance: audit committee size too small after Chen resignation; cure until next annual meeting or Oct 22, 2025.
CFO Troy Reisner to depart by Nov 30; Stephen Chen appointed interim CEO; signed term sheet to acquire MyCanvass.

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