Phunware Q1 2024 net loss narrows to $2.3M, revenue $0.9M, gross margin jumps to 56.9%

Phunware, Inc.

2025-Q1 EPS reported -$0.33 revenue$921,000

Net loss improved 46.5% YoY to $2.3M; loss per share $(0.33) vs $(2.07) in Q1 2023.
Gross margin expanded to 56.9% from 5.4% in Q1 2023; non-GAAP Adj. EBITDA loss improved 61.1% to $2.0M.
Cash at $21.6M; eliminated $5.0M debt; settled lawsuit via payment of past due payables.
Revenue of $0.9M exceeded internal plan by 5%; multi-year renewals with major hospitality & healthcare clients.

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 0.9

Phunware, Inc. reported first quarter ended March 31, 2024 results: revenue $0.9 million, net income $(2.3) million, EPS $(0.33).

Period: first quarter ended March 31, 2024
Revenue: $0.9 million
Net income: $(2.3) million
EPS: $(0.33)
Result: reported results

Exact text from the filing

to make a global difference in mobile.” First Quarter 2024 Financial Results - A Foundation to Build Upon Statement of Income (Loss) • Net revenues for the quarter totaled $0.9 million, exceeding the Company’s internal Q1 2024 plan by 5% • Gross margin was 56.9% up from 5.4% in Q1 2023 • Net loss decreased to $(2.3) million from $(4.3) million in Q1 2023 • Net

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Source: SEC EDGAR

accession 0001628280-24-022285

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