---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-042745"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T10:17:42.362422+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Phunware FY2024 net loss narrows to $10.3M; cash surges to $113M; interim CEO appointed

## Summary
- Net loss from continuing ops improved to $10.3M from $41.9M; adjusted EBITDA loss improved to $10.3M from $15.5M.
- Cash and cash equivalents rose to $113.0M (Dec 2024) from $3.9M (Dec 2023), fortifying balance sheet.
- Software/subscription bookings grew 232% YoY; full-year revenue $3.2M with 46% gross margins.
- Stephen Chen named interim CEO after Michael Snavely's retirement; Quyen Du appointed to Board.
- Signed term sheet to acquire controlling stake in MyCanvass; AI-driven platform launch targeted for mid-2025.

## SEC filing metadata
- accession: 0000950170-25-042745
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2025-03-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000095017025042745/0000950170-25-042745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000095017025042745/phun-20250320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-042745
- JSON: https://secwatch.observer/filing/0000950170-25-042745.json
- Plain text: https://secwatch.observer/filing/0000950170-25-042745.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.