secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0000950170-25-069427
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phunware Q1 revenue rises 40%; net loss $3.7M on $1.2M legal charge; cash $109.7M
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- Total revenue $0.7M; software subs/services up 40% to $0.6M. Net loss $3.7M ($0.18/sh) vs $2.3M ($0.33/sh) a year ago.
- Cash and equivalents $109.7M; operating cash burn improved to $3.3M from $5.5M.
- Added 3 new hospitality customers in Q1; Q2 secured a $0.5M multi-location healthcare booking.
- One-time legal expense of $1.2M for Wild Basin litigation; decision expected Q3 2025. Appointed Quyen Du to Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000095017025069427/0000950170-25-069427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000095017025069427/phun-20250512.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-069427

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer