{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-212181","form_type":"8-K","ticker":"PHUN","cik":"0001665300","company_name":"Phunware, Inc.","filed_at":"2026-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.695213+00:00","generated_at":"2026-05-14T21:50:25.091968+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Phunware Q1 revenue down 21% to $0.5M; net loss improves to $3.2M, cash $97.9M","bullets":["Net revenue $0.5M, down 21% YoY from $0.7M; gross margin improved to 70.8% from 52.2%.","Net loss $3.2M ($0.16 per share) improved from $3.7M ($0.18) in Q1 2025; cash from ops $2.7M.","Cash and equivalents $97.9M, no debt; plans to invest in R&D, IP, and growth opportunities.","Launched two hospitality product tiers and AI Concierge for commercial sale; legacy litigation settled.","Interim CEO cites focus on product foundation and commercial rebuild for renewed bookings in 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-212181","json":"https://secwatch.observer/filing/0001193125-26-212181.json","markdown":"https://secwatch.observer/filing/0001193125-26-212181.md","text":"https://secwatch.observer/filing/0001193125-26-212181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1665300/000119312526212181/0001193125-26-212181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1665300/000119312526212181/phun-20260507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:50:25.091968+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"90c8ad4f4e4b8c24ec254aef074a7ff49864625e","claim":"Phunware, Inc. reported first quarter ended March 31, 2026 results: revenue $0.5 million, net income $3.2 million, EPS ($0.16).","evidence_excerpt":"Net revenue decreased 21% to $0.5 million in Q1 2026, as compared to $0.7 million in Q1 2025. • Gross margin improved to 70.8% in Q1 2026, as compared to 52.2% in Q1 2025. • Net loss improved to $3.2 million in Q1 2026, as compared to a net loss of $3.7 million in the previous year period. • Net loss per basic and diluted share was ($0.16) in Q1 2026, as compared to ($0.18) per basic and diluted share in Q1 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1665300/000119312526212181/0001193125-26-212181-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$0.5 million"},{"label":"Net income","value":"$3.2 million"},{"label":"EPS","value":"($0.16)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}