---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-010581"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T23:04:20.180191+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Phunware reports FY2023 revenue $4.8M, net loss $(52.8)M; regains Nasdaq compliance

## Summary
- Net revenues from continuing ops $4.8M; net loss from continuing ops $(41.9)M including $25.8M goodwill impairment.
- Non-GAAP Adjusted EBITDA loss $(15.5)M; net loss per share from continuing ops $(17.62) (reflecting 1:50 reverse split).
- On March 12, 2024, Nasdaq confirmed Phunware regained compliance, subject to 1-year mandatory monitor.
- Appointed Jeremy Kidd as SVP Sales & Marketing, Elliot Han to Board; expanded hospitality partnership with Escapades/PAL+.
- Early 2024 equity raises eliminated outstanding debt; cost-cutting reduced expected 2024 cash burn.

## SEC filing metadata
- accession: 0001628280-24-010581
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828024010581/0001628280-24-010581-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828024010581/phun-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-010581
- JSON: https://secwatch.observer/filing/0001628280-24-010581.json
- Plain text: https://secwatch.observer/filing/0001628280-24-010581.txt

## Key facts
- Earnings Releases
  Phunware, Inc. reported the year ended December 31, 2023 results: revenue $4.8 million, net income $(52.8) million, EPS $(17.62).
  - Period: the year ended December 31, 2023
  - Revenue: $4.8 million
  - Net income: $(52.8) million
  - EPS: $(17.62)
  - Result: reported results
  source text: serving our markets. We’ll share our plans on the earnings call and beyond.” Full Year 2023 Financial Results • Net revenues from continuing operations for the year totaled $4.8 million • Impairment of remaining goodwill of $25.8 million • Lyte Technologies business was classified as a discontinued operation in 2023 • Net loss from continuing operations was
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828024010581/0001628280-24-010581-index.htm
- Listing & Compliance Notices
  Phunware, Inc. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2), 5815(d)(4)(B)).
  - Exchange: nasdaq
  - Notice: compliance regained
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5815(d)(4)(B)
  source text: March 12, 2024, we received a letter from Nasdaq notifying us that we demonstrated compliance with the requirements to remain listed on the Nasdaq Capital Market, as required by the Panel. The letter also informed the Company that pursuant to Listing Rule 5815(d)(4)(B), the Company will be subject to a mandatory Panel monitor for a period of one year from the date of this letter. If, within that one-year monitoring period, the staff finds the Company again out of compliance with the requirement that was the subject of the exception, notwithstanding Rule 5810(c)(2), the Company will not be perm
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828024010581/0001628280-24-010581-index.htm

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