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Phunware, Inc. Releases Amendment No. 1 to Q3 2024 Report: Focus on AI Initiatives

$PHUN
Form 10-Q/A
Filed on: 2025-01-15
Source
Phunware, Inc. Releases Amendment No. 1 to Q3 2024 Report: Focus on AI Initiatives

Here are the key insights extracted from the provided section of the financial report:

  1. Company Information:
  • Name: Phunware, Inc.
  • CIK: 0001665300
  • Location: 1002 West Avenue, Austin, TX 78701
  • Phone: 512-693-4199
  • Ticker Symbol: PHUN
  • Exchange: NASDAQ
  1. Filing Details:
  • Type: Amendment No. 1 on Form 10-Q/A
  • Original Filing Date: November 8, 2024
  • Amended Filing Date: January 14, 2025
  • Quarter Ended: September 30, 2024
  1. Purpose of the Amendment:
  • The amendment is made to restate two sections:
    • Part I Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations, specifically to include information about the company's initiatives regarding the application of artificial intelligence (AI) technology.
    • Part II Item 1A: Risk Factors, which now includes a specific risk factor related to the use and reliance on AI technology.
  1. Regulatory Compliance:
  • The filing includes certifications as required by Rule 12b-5 and Rule 13a-14(a) under the Exchange Act, indicating adherence to regulations governing financial disclosures.
  1. Filing Status:
  • The amendment does not change or restate information from the original Quarterly Report except for the specified sections and should be read in conjunction with the original report and other SEC filings.
  1. Company Classification:
  • The company is classified as a "Non-accelerated Filer."
  1. Financial Unit:
  • The report uses USD as the unit of measure and references shares in its disclosures.

Overall, the essential takeaway is that Phunware, Inc. is updating its previous quarterly report to reflect new initiatives concerning AI technology and associated risks, while ensuring compliance with SEC regulations.