Phunware Q2 net revenue $3.5M, net loss $6.5M; restructures debt, files suit vs UBS

Phunware, Inc.

2023-Q2 EPS reported -$0.10 revenue$8,234,000

Net revenues $3.5M: platform $1.3M, hardware $2.2M.
Net loss $6.5M ($0.06 per share); non-GAAP adjusted EBITDA loss $5.2M.
Restructuring existing debt, reducing cash burn; new CFO Troy Reisner appointed.
Filed lawsuit against UBS Securities for market manipulation.
Launched smart hospitality solution at Thumper Pond; partnered with MKT Consulting.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Phunware, Inc. reported the second quarter ended June 30, 2023 results: revenue $3.5 million, net income $(6.5) million, EPS $(0.06).

Period: the second quarter ended June 30, 2023
Revenue: $3.5 million
Net income: $(6.5) million
EPS: $(0.06)
Result: reported results

Exact text from the filing

Net revenues for the quarter totaled $3.5 million

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Phunware, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-028898

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