Filing Flows › Phunware (PHUN) › Q4 2024
Phunware (PHUN) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Phunware (PHUN) reported revenue of $592K for the fourth quarter 2024 (Q4 2024), -37% from a year earlier and -11% from the quarter before. Operating margin was -826.2%, net loss $2.6M (444.8% of revenue).
Phunware, Q4 2024: revenue $592K (-37% year over year), operating margin -826.2%, net loss $2.6M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $592K | -11% | -37% |
| Operating profit | −$4.9M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | −$2.7M | — | — |
What changed
Revenue was $592K in Q4 2024, down 37% year over year and down 11% from the previous quarter.
Gross margin was 23.3%, down 24.0 points from a year earlier. Operating costs exceeded revenue by $4.9M, an operating margin of -826.2%. Operating expenses fell 75% while revenue fell 37%. The fastest-growing cost line was Sales & marketing (+90%). The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $2.8M loss. Non-operating items added $2.3M, -89% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$2.7M. Non-cash charges added back $124K of share-based compensation. Working capital and other items used $203K.
Questions
What was Phunware's revenue in the fourth quarter 2024?
Phunware (PHUN) reported revenue of $592K for the fourth quarter 2024 (Q4 2024), -37% from a year earlier and -11% from the quarter before.
Was Phunware profitable in the fourth quarter 2024?
Operating loss was $4.9M (-826.2% of revenue) and net loss $2.6M.
Source: Phunware 10-K on SEC EDGAR.