---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-022285"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:19:34.689090+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-022285
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828024022285/0001628280-24-022285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828024022285/phun-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-022285
- JSON: https://secwatch.observer/filing/0001628280-24-022285.json
- Plain text: https://secwatch.observer/filing/0001628280-24-022285.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828024022285/0001628280-24-022285-index.htm

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