share_log

8-K: Phunware Reports Third Quarter 2024 Financial Results

8-K: Phunware Reports Third Quarter 2024 Financial Results

8-K:Phunware公布2024年第三季度财务业绩
美股SEC公告 ·  2024/11/07 16:44

Moomoo AI 已提取核心信息

Phunware reported improved financial results for Q3 2024, with net loss from continuing operations narrowing to $2.8 million ($0.25 per share) from $13.7 million ($5.72 per share) in Q3 2023. The company's cash position strengthened to $110 million as of November 6, 2024, boosted by ATM financing proceeds. Year-to-date software and subscription bookings increased 300% over the prior year.The company announced leadership changes, with Stephen Chen appointed as Interim CEO and CFO Troy Reisner set to depart by November 30, 2024. Additionally, Rahul Mewawalla was appointed as Chairman of the Board. The company also signed a term sheet to acquire a controlling interest in MyCanvass, LLC.Phunware received notice from Nasdaq regarding non-compliance with audit committee composition requirements following Stephen Chen's resignation from the committee. The company must regain compliance by either its next annual stockholders' meeting or April 21, 2025, whichever comes first, to avoid potential delisting proceedings.
Phunware reported improved financial results for Q3 2024, with net loss from continuing operations narrowing to $2.8 million ($0.25 per share) from $13.7 million ($5.72 per share) in Q3 2023. The company's cash position strengthened to $110 million as of November 6, 2024, boosted by ATM financing proceeds. Year-to-date software and subscription bookings increased 300% over the prior year.The company announced leadership changes, with Stephen Chen appointed as Interim CEO and CFO Troy Reisner set to depart by November 30, 2024. Additionally, Rahul Mewawalla was appointed as Chairman of the Board. The company also signed a term sheet to acquire a controlling interest in MyCanvass, LLC.Phunware received notice from Nasdaq regarding non-compliance with audit committee composition requirements following Stephen Chen's resignation from the committee. The company must regain compliance by either its next annual stockholders' meeting or April 21, 2025, whichever comes first, to avoid potential delisting proceedings.
Phunware报告了2024年第三季度的财务业绩改善,持续经营的净亏损从2023年第三季度的1370万美元(每股5.72美元)缩减至280万美元(每股0.25美元)。截至2024年11月6日,公司的现金储备增强至11000万美元,这得益于ATM融资收入。今年到目前为止,软件和订阅预订量较去年增加了300%。公司宣布了领导层的更换,任命Stephen Chen为临时首席执行官,首席财务官Troy Reisner将于2024年11月30日前离职。此外,Rahul Mewawalla被任命为董事会主席。公司还签署了一份条款清单,以收购MyCanvass,LLC的控股权。在Stephen Chen辞去审计委员会职务后,Phunware收到了纳斯达克关于未符合审计委员会组成要求的通知。公司必须在下次年度股东大会或2025年4月21日之前恢复合规,以避免潜在的退市程序。
Phunware报告了2024年第三季度的财务业绩改善,持续经营的净亏损从2023年第三季度的1370万美元(每股5.72美元)缩减至280万美元(每股0.25美元)。截至2024年11月6日,公司的现金储备增强至11000万美元,这得益于ATM融资收入。今年到目前为止,软件和订阅预订量较去年增加了300%。公司宣布了领导层的更换,任命Stephen Chen为临时首席执行官,首席财务官Troy Reisner将于2024年11月30日前离职。此外,Rahul Mewawalla被任命为董事会主席。公司还签署了一份条款清单,以收购MyCanvass,LLC的控股权。在Stephen Chen辞去审计委员会职务后,Phunware收到了纳斯达克关于未符合审计委员会组成要求的通知。公司必须在下次年度股东大会或2025年4月21日之前恢复合规,以避免潜在的退市程序。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息