Phunware Files Q3 2024 Amendment

TL;DR

Phunware filed an amendment to its Q3 2024 report. Check for updates.

AI Summary

Phunware, Inc. filed an amendment (10-Q/A) on January 15, 2025, for its quarterly report ending September 30, 2024. The filing details financial information and operational updates for the company, which operates in the computer processing and data preparation sector.

Why It Matters

This amended filing provides updated financial and operational details for Phunware, Inc. for the third quarter of 2024, which is crucial for investors to assess the company's performance and outlook.

Risk Assessment

Risk Level: medium — As a 10-Q/A filing, it indicates an amendment to a previous report, suggesting potential corrections or additions that could impact the company's financial standing or disclosures.

Key Numbers

• 20240930 — Quarterly Period End Date (The filing pertains to the financial performance up to this date.)
• 20250115 — Filing Date (This is the date the amended filing was submitted to the SEC.)

Key Players & Entities

• Phunware, Inc. (company) — Registrant
• Stellar Acquisition III Inc. (company) — Former company name
• 001-37862 (company) — SEC file number
• 1002 West Avenue, Austin, Texas 78701 (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.0001 — h registered: Common Stock, par value $0.0001 per share PHUN The NASDAQ Capital M
• $0.6 m — % 100.0 % Net revenues decreased $0.6 million, or (46.9)%, for the three months
• $1.3 m — ing campaigns. Net revenues decreased $1.3 million, or (33.3)%, for the nine months

Filing Documents

• phun-20240930.htm (10-Q/A) — 682KB
• phun-ex31_1.htm (EX-31.1) — 15KB
• phun-ex31_2.htm (EX-31.2) — 15KB
• phun-ex32_1.htm (EX-32.1) — 15KB
• 0000950170-25-005926.txt ( ) — 972KB
• phun-20240930.xsd (EX-101.SCH) — 61KB
• phun-20240930_htm.xml (XML) — 9KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 1 PART II OTHER INFORMATION 12 Item 1A.

Risk Factors

Risk Factors 12 Item 6. Exhibits 13

Signatures

Signatures 14 ii Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Management's Discussion and An alysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and An alysis of Financial Condition and Results of Operations References in this section to "we," "us," "our," or "the Company" refer to Phunware, Inc. References to "management" or "management team" refer to our officers and directors. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our condensed consolidated financial statements and the related notes thereto presented in " Part I – Item 1. Financial Statements. " As discussed in the section titled " Special Note Regarding Forward-Looking Statements," the following discussion and analysis contains forward-looking statements that involve risks, uncertainties and assumptions. Our actual results and timing of selected events may differ materially from those anticipated in these forward-looking statements as a result of many factors, including, but not limited to, those discussed in the section titled " Risk Factors " and elsewhere in this Report. Certain figures, such as interest rates and other percentages, included in this section have been rounded for ease of presentation. Percentage figures included in this section have not in all cases been calculated on the basis of such rounded figures but on the basis of such amounts prior to rounding. For this reason, percentage amounts in this section may vary slightly from those obtained by performing the same calculations using the figures in our condensed consolidated financial statements or in the associated text. Certain other amounts that appear in this section may similarly not sum due to rounding. Key Events & Recent Developments On October 22, 2024, Michael Snavely tendered his resignation as Chief Executive Officer, and as a member of our Board of Directors, effective immediately. On the same date, our Board of Directors appointed Mr. Stephen Chen, our then existing Chairperson of our Board of Directors, as Interim Chief Executive Officer. In con

View Full Filing

View this 10-Q/A filing on SEC EDGAR