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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024財年二季報
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)公佈了截至2024年6月30日的季度財務業績。公司淨收入下降了21.9%,降至101萬美元,而去年同期爲129.5萬美元。這一下降歸因於開發費用降低和廣告活動時間的推遲。毛利潤也出現了下降,下降了12.1%至47萬美元,而毛利率環比上年提高了5.2個百分點,達到46.5%。營業費用也顯著下降,銷售和營銷費用下降46.7%,總部及行政費用降低46.1%,研發費用下降了59.1%。公司錄得其他收入303,000美元,主要是由於利息收入。Phunware的現金頭寸爲2040萬美元,全部在美國。公司的財務策略包括各種普通股銷售,總共獲得420萬美元的總毛現金收益。儘管面臨財務挑戰,Phunware致力於改善其財務報告的內部控制,並積極開展糾正措施來解決發現的重大弱點。
Phunware, Inc.(Phunware)公佈了截至2024年6月30日的季度財務業績。公司淨收入下降了21.9%,降至101萬美元,而去年同期爲129.5萬美元。這一下降歸因於開發費用降低和廣告活動時間的推遲。毛利潤也出現了下降,下降了12.1%至47萬美元,而毛利率環比上年提高了5.2個百分點,達到46.5%。營業費用也顯著下降,銷售和營銷費用下降46.7%,總部及行政費用降低46.1%,研發費用下降了59.1%。公司錄得其他收入303,000美元,主要是由於利息收入。Phunware的現金頭寸爲2040萬美元,全部在美國。公司的財務策略包括各種普通股銷售,總共獲得420萬美元的總毛現金收益。儘管面臨財務挑戰,Phunware致力於改善其財務報告的內部控制,並積極開展糾正措施來解決發現的重大弱點。
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