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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024财年二季报
美股SEC公告 ·  08/09 16:58

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Phunware, Inc. (Phunware) reported its financial performance for the quarter ended June 30, 2024. The company experienced a decrease in net revenues, which fell by 21.9% to $1.01 million compared to $1.295 million in the same quarter of the previous year. This decline was attributed to lower development fees and the timing of advertising campaigns. Gross profit also saw a reduction, dropping by 12.1% to $470,000, while gross margin improved to 46.5% from 41.3% year-over-year. Operating expenses decreased significantly, with sales and marketing expenses down by 46.7%, general and administrative expenses by 46.1%, and research and development expenses by 59.1%. The company recorded other income of $303,000, primarily due to interest income. Phunware's cash position stood at $20.4 million, all within the United States. The company's financial strategy included various common stock sales, resulting in aggregate gross cash proceeds of $4.2 million. Despite the financial challenges, Phunware is committed to improving its internal control over financial reporting and is actively working on remediation efforts to address identified material weaknesses.
Phunware, Inc. (Phunware) reported its financial performance for the quarter ended June 30, 2024. The company experienced a decrease in net revenues, which fell by 21.9% to $1.01 million compared to $1.295 million in the same quarter of the previous year. This decline was attributed to lower development fees and the timing of advertising campaigns. Gross profit also saw a reduction, dropping by 12.1% to $470,000, while gross margin improved to 46.5% from 41.3% year-over-year. Operating expenses decreased significantly, with sales and marketing expenses down by 46.7%, general and administrative expenses by 46.1%, and research and development expenses by 59.1%. The company recorded other income of $303,000, primarily due to interest income. Phunware's cash position stood at $20.4 million, all within the United States. The company's financial strategy included various common stock sales, resulting in aggregate gross cash proceeds of $4.2 million. Despite the financial challenges, Phunware is committed to improving its internal control over financial reporting and is actively working on remediation efforts to address identified material weaknesses.
Phunware, Inc.(Phunware)公布了截至2024年6月30日的季度财务业绩。公司净收入下降了21.9%,降至101万美元,而去年同期为129.5万美元。这一下降归因于开发费用降低和广告活动时间的推迟。毛利润也出现了下降,下降了12.1%至47万美元,而毛利率环比上年提高了5.2个百分点,达到46.5%。营业费用也显著下降,销售和营销费用下降46.7%,总部及行政费用降低46.1%,研发费用下降了59.1%。公司录得其他收入303,000美元,主要是由于利息收入。Phunware的现金头寸为2040万美元,全部在美国。公司的财务策略包括各种普通股销售,总共获得420万美元的总毛现金收益。尽管面临财务挑战,Phunware致力于改善其财务报告的内部控制,并积极开展纠正措施来解决发现的重大弱点。
Phunware, Inc.(Phunware)公布了截至2024年6月30日的季度财务业绩。公司净收入下降了21.9%,降至101万美元,而去年同期为129.5万美元。这一下降归因于开发费用降低和广告活动时间的推迟。毛利润也出现了下降,下降了12.1%至47万美元,而毛利率环比上年提高了5.2个百分点,达到46.5%。营业费用也显著下降,销售和营销费用下降46.7%,总部及行政费用降低46.1%,研发费用下降了59.1%。公司录得其他收入303,000美元,主要是由于利息收入。Phunware的现金头寸为2040万美元,全部在美国。公司的财务策略包括各种普通股销售,总共获得420万美元的总毛现金收益。尽管面临财务挑战,Phunware致力于改善其财务报告的内部控制,并积极开展纠正措施来解决发现的重大弱点。
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