secwatch.observer — SEC 8-K summary
======================================

Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022285
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000162828024022285/0001628280-24-022285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000162828024022285/phun-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022285

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer