secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0001193125-26-116810
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phunware Q4 rev $0.8M (+33% YoY); FY rev down to $2.6M; launches hospitality AI products with $100.6M cash
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- Q4 net revenue $0.8M, up 33% YoY from $0.6M; gross margin improved to 57.7% from 23.3%.
- Full year 2025 revenue $2.6M, down 19% from $3.2M in 2024; net loss $11.4M ($0.57 per share) vs $10.3M ($0.94).
- Cash and cash equivalents $100.6M as of Dec 31, 2025; net cash used in operations improved to $12.5M from $13.3M.
- Launched two hospitality product tiers (Luxury Engagement, Enriched Experience) and AI Concierge commercially available after pilot.
- Board changes: Ed Lu elected, Elliot Han appointed Chair, Interim CEO Jeremy Krol added to Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000119312526116810/0001193125-26-116810-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000119312526116810/phun-20260320.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-116810

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