PHUN

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Thursday reported a loss of $3.2 million in its first quarter. On a per-share basis, the Austin, Texas-based company said it had a loss of 16 cents. The company posted revenue of $542,000 in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHUN at https://www.zacks.com/ap/PHUN

Management Expected to Host Investor Webinar in Conjunction with Upcoming Product Announcements & Display at HITEC North America 2026, World’s Largest Hospitality Technology Conference AUSTIN, Texas, May 07, 2026 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), the enterprise cloud platform for mobile-first software products, solutions, data, and services to enable customers to engage, manage, and monetize their global audiences, today reported financial results for the first quarter ended March 31, 2026. Financial Highlights Net revenue decreased 21% to $0.5 million in Q1 2026, as compared to $0.7 million in Q1 2025. Gross margin improved to 70.8% in Q1 2026, as compared to 52.2% in Q1 2025. Net loss improved to $3.2 million in Q1 2026, as compared to a net loss of $3.7 million in the previous year period. Net loss per basic and diluted share was ($0.16) in Q1 2026, as compared to ($0.18) per basic and diluted share in Q1 2025. Net cash used in operations decreased to $2.7 million for the three months ended March 31, 2026, as compared to $3.3 million for the previous year period. Cash and cash equivalents totaled $97.9 million as of March 31, 2026. Recent Business Highlights Introduced two hospitality specific products, one for luxury brands and the other for full-service independent property owners, which provide solutions for developing modular, native mobile apps, with cloud-driven updates and a range of solutions for enhancing on-property guest experiences and engagements and ancillary revenue growth. Launched a redesigned corporate website and a refined portfolio of products for enhancing hospitality guest-related experiences, engagements and revenues. Continued investment in artificial intelligence (“AI”) to employ and integrate within our internal systems and product and services offerings. Continued development and release of our AI Concierge product, which is designed to personalize customer guest journeys through real-time wayfinding, Q&A and on-property recommendations. Final settlement and dismissal of legacy legal proceedings in early 2026. Management Commentary "The first quarter reflects a Company executing with focus and discipline," said Jeremy Krol, Interim CEO of Phunware. "During the quarter, we concentrated on tightening the product foundation that our commercial growth depends on. This included productiz...

Phunware Inc (NASDAQ:PHUN, FRA:2RJA) earlier this week outlined its fourth quarter and full-year financial results, with CEO Jeremy Krol emphasising a transition year focused on stabilisation and positioning the company for future growth. Krol said the past year was defined by efforts to streamline operations, sharpen strategic focus, and eliminate distractions. He noted that this discipline is beginning to translate into tangible financial improvements, pointing to steady quarter-over-quarter revenue increases since his appointment in Q2. The fourth quarter delivered a notable performance, with revenue rising 33% year-over-year alongside an improvement in gross margins. Krol indicated that this momentum reflects a more focused execution strategy and a clearer market approach. Despite a slight decline in full-year revenue, attributed to softness in the advertising segment, the company’s software business grew by 20% year-over-year, highlighting the strength of its core offering. A key catalyst for future growth is the launch of Phunware’s AI concierge product. Krol explained that the solution had been developed and tested with a major customer before being rolled out more broadly. He added that artificial intelligence is becoming increasingly central to the company’s product roadmap and value proposition. Financially, Phunware appears well-positioned, ending the year with $100 million in cash and no debt. Krol described this as “a signal of stability going into 2026,” providing flexibility to invest in growth initiatives while maintaining financial discipline. v Looking ahead, Krol identified several strategic priorities for 2026, including driving top-line revenue growth, expanding the customer base, and securing new brand partnerships. He also highlighted ongoing efforts to improve margins and further reduce cash burn. Beyond near-term targets, the company is focused on evolving its platform into a broader “guest intelligence” solution, which could expand its addressable market and deepen customer engagement. Krol also underscored the importance of rebuilding Phunware’s brand identity, stating that restoring recognition and market positioning will be critical to long-term success. Overall, the company appears to be entering 2026 with improved financial footing, a clearer strategic direction, and multiple potential catalysts, particularly in AI-driven produ...

Evolution to Focus on Hospitality and Related Markets, Steady Product Revenue, Customer Growth and Expanding Leadership Team Exits FY25 with Strong Cash Position to Accelerate AI Platform and Products and New Corporate Initiatives AUSTIN, Texas, March 20, 2026 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), the enterprise cloud platform for mobile-first software products, solutions, data, and services to enable customers to engage, manage, and monetize their global audiences, today reported financial results for the fourth quarter and year ended December 31, 2025. Financial Highlights Net revenue increased 33% to $0.8 million in Q4 2025, as compared to $0.6 million in Q4 2024. Gross margin improved to 57.7% in Q4 2025, as compared to 23.3% in Q4 2024, a 3,443 basis point improvement. Net loss improved to $2.1 million in Q4 2025, as compared to a net loss of $2.6 million in the previous year period. Net loss per basic and diluted share was ($0.11) in Q4 2025, as compared to ($0.15) per basic and diluted share in Q4 2024. FY 2025 net revenue decreased to $2.6 million from $3.2 million in FY 2024. FY 2025 gross margin increased 500 basis points to 50.6%, as compared to 45.6% in the prior year period. FY 2025 net loss was $11.4 million, or ($0.57) per basic and diluted share, compared to a net loss of $10.3 million, or ($0.94) per basic and diluted share in FY 2024. Net cash used in operations decreased to $12.5 million for the year ended December 31, 2025, as compared to $13.3 million for the previous year period. Cash and cash equivalents totaled $100.6 million as of December 31, 2025. Recent Business Highlights Introduced two hospitality specific products, one for luxury brands and the other for full-service independent property owners, which provide solutions for developing modular, native mobile apps, with cloud-driven updates and a range of solutions for enhancing on-property guest experiences and engagements and ancillary revenue growth. Launched a redesigned corporate website and a refined portfolio of products for enhancing hospitality guest-related experiences, engagements and revenues. Continued investment in artificial intelligence (“AI”) to employ and integrate within our internal systems and product and services offerings. Continued development and release of our AI Concierge product, which is designed to personaliz...

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Friday reported a loss of $2.1 million in its fourth quarter. The Austin, Texas-based company said it had a loss of 11 cents per share. The company posted revenue of $788,000 in the period. For the year, the company reported a loss of $11.4 million, or 57 cents per share. Revenue was reported as $2.6 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHUN at https://www.zacks.com/ap/PHUN

Onestream (OS) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +140.00%. A quarter ago, it was expected that this artificial-intelligence developer would post earnings of $0.02 per share when it actually produced earnings of $0.08, delivering a surprise of +300%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Onestream, which belongs to the Zacks Internet - Software industry, posted revenues of $163.73 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 4.18%. This compares to year-ago revenues of $132.48 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Onestream shares have added about 28.3% since the beginning of the year versus the S&P 500's gain of 1.5%. While Onestream has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Onestream was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Ra...

Consistent Product Revenue, Customer Momentum and Strong Liquidity Positioning the Company for New AI Technology Integration and Corporate Initiatives AUSTIN, Texas, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware”, or the “Company”) (NASDAQ: PHUN), the enterprise cloud platform for mobile that provides products, solutions, data, and services for brands to engage, manage and monetize global audiences, today reported financial results for the third quarter ended September 30, 2025. Financial Highlights Net revenue decreased 6.5% to $0.6 million in Q3 2025, as compared to $0.7 million in Q3 2024. Gross margin was 46.1% in Q3 2025, as compared to 48.4% in Q3 2024. Net loss improved to $2.4 million for the three months ended September 30, 2025, as compared to $2.8 million in the previous year period. Net loss per share improved to ($0.12) in Q3 2025, as compared to ($0.25) per share in Q3 2024. Net cash used in operations decreased to $9.3 million for the nine months ended September 30, 2025, as compared to $10.6 million for the previous year period. Cash and cash equivalents of $103.8 million at September 30, 2025. Recent Business Highlights Appointed Mr. Jeremy Krol as Interim CEO and to the Board of Directors. Announced December 17, 2025, as the date for its 2025 Annual Meeting of Stockholders, with October 23, 2025, set as the record date for stockholders entitled to vote. Forward momentum continues as sales pipeline opportunities created increased quarter over quarter. Continued advancement of AI Concierge, a context-aware agent that personalizes the guest journey through real-time wayfinding, Q&A, and on-property recommendations - currently in pilot testing with a trusted hospitality partner. Investments in sales and marketing increased from our pullback in 2024, including investing in brand & performance marketing spending, a new website expected to launch in Q4 2025 and the addition of senior marketing and product leadership as we continue to focus on the hospitality and healthcare sectors. Management Commentary “The third quarter of 2025 was underscored by progress toward the launch of our new AI Concierge product and steady revenue as we continue to advance our investment in AI,” said Jeremy Krol, Interim CEO of Phunware. “Earlier this year we announced our new AI Concierge product feature and Guest Services Agent product with features to h...

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Thursday reported a loss of $2.4 million in its third quarter. The Austin, Texas-based company said it had a loss of 12 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share. The company posted revenue of $622,000 in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $533,000. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHUN at https://www.zacks.com/ap/PHUN

Delivers Strong First Half with Key Product Milestones and Customer Momentum Strong Liquidity Powering New Technology Improvements, AI Integration and Corporate Initiatives AUSTIN, Texas, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, today reported financial results for the second quarter ended June 30, 2025. Financial Highlights Software subscriptions and services revenue decreased 16% to $0.4 million in Q2 2025, as compared to Q2 2024. Q2 2025 software and subscription bookings totaled $0.6 million. Software subscriptions and services gross margin improved 1,694 basis points to 43.9% in Q2 2025 from 26.9% in Q2 2024. Net loss was $3.1 million for the three months ended June 30, 2025, compared to $2.6 million in the previous year period. Net loss per share improved to ($0.16) per share in Q2 2025, as compared to ($0.32) per share in Q2 2024. Net cash used in operations decreased to $6.8 million for the six months ended June 30, 2025, compared to $8.2 million for the previous year period. Recent Business Highlights Debuted hospitality AI features to streamline mobile interaction at the 2025 Hospitality Industry Technology Exposition and Conference (HITEC®) Appointed Mr. Jeremy Krol, the Company’s current Chief Operating Officer, as new Interim CEO. Management Commentary “The second quarter of 2025 was highlighted by new product innovation and technology expansion with the highly-anticipated introduction of Phunware AI solutions,” said Jeremy Krol, interim CEO of Phunware. "We are proud to showcase and demo our new AI Concierge product feature and Guest Services Agent product feature at HITEC® in Indianapolis. Although still in development, we believe these product features will help hoteliers unlock additional revenue by utilizing AI in their hospitality applications." “A release of Map Editor 3.0 provided customers with significant platform upgrades and marks the largest update to our Multiscreen-as-a-Service platform to date. We also deployed 6 updates across our Support & Maintenance mobile applications to improve performance and security across customer installations. "Second quarter software subscriptions and services revenues of $0.4 million and gross margin of 43.9% were mainly driven by recurring revenue from our existing customers. Softwa...

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Phunware, Inc. (PHUN) on Friday reported a loss of $3.1 million in its second quarter. The Austin, Texas-based company said it had a loss of 16 cents per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share. The company posted revenue of $455,000 in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $736,000. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHUN at https://www.zacks.com/ap/PHUN

New Customer Launches Drive 40% Revenue Growth for Software Subscriptions and Services Strong Balance Sheet of $109.7 Million Powering R&D Activities in AI-Driven Customer Platform and Corporate Initiatives AUSTIN, Texas, May 12, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, today reported financial results for the first quarter ended March 31, 2025. Financial Highlights Software subscriptions and services revenue increased 40% to $0.6 million in Q1 2025, as compared to Q1 2024. Q1 2025 software and subscription bookings totaled $0.4 million. Net loss was $3.7 million for the three months ended March 31, 2025, as compared to $2.3 million in the previous year period. Primary driver for net loss increase was $1.2 million one-time legal expenses related to the Wild Basin litigation bench trial that concluded in Q1 2025; a decision is expected in Q3 2025. Net loss per share improved to ($0.18) per share in Q1 2025, as compared to ($0.33) per share in Q1 2024. Net cash used in operations decreased to $3.3 million for the three months ended March 31, 2025, compared to $5.5 million for the previous year period. Cash and cash equivalents as of March 31, 2025, was $109.7 million. Recent Business Highlights During Q1 2025, added three (3) new customers in the hospitality vertical. Momentum carried into Q2, with a new $0.5 million booking for a multi-location health care facility. Appointed Quyen Du to the Board of Directors, a 25-year corporate strategy and development executive with Fortune 500 consumer brands. Her appointment satisfies Nasdaq Stock Market LLC (“Nasdaq”) continued listing requirements for audit committee service. Attended investor and industry conferences including the 37th Annual ROTH Conference and upcoming 2025 Hospitality Industry Technology Exposition and Conference (HITEC®) June 16–19 in Indianapolis, Indiana. Management Commentary “The first quarter of 2025 was underscored by new customers and bookings and continued focus on our AI-related initiatives,” said interim CEO Stephen Chen. “First quarter revenues of $0.7 million and gross margin of 52% were driven by a 40% increase in Mobile software subscriptions and services with delivered customer projects. With an existing hospitality customer, we launched an integrated conference solution inc...

Fortified Balance Sheet of $113.0 Million Enables Company to continue R&D activities in AI-Driven Customer Platform in other Corporate Initiatives 2024 Annual Meeting of Stockholders Scheduled for May 6, 2025 AUSTIN, Texas, March 20, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, today reported financial results for the year ended December 31, 2024. Financial Highlights For the year ended December 31, 2024, net loss from continuing operations was $10.3 million, as compared to $41.9 million in the previous period, while adjusted EBITDA loss improved to $10.3 million for the year ended December 31, 2024, compared to $15.5 million in the previous year period. Net cash used in operations was $13.3 million for the year ended December 31, 2024, compared to $18.4 million for the year ended December 31, 2023. Fiscal year 2024 software and subscription bookings increased 232% over prior year. Cash and cash equivalents as of December 31, 2024 was $113.0 million, as compared to $3.9 million as of December 31, 2023. Recent Business Highlights Stephen Chen, former Chairperson of the Company's Board of Directors, assumed the role of interim CEO of Phunware, following the retirement of Michael Snavely. Appointed Quyen Du to the Board of Directors, a 25-year corporate strategy and development executive at Fortune 500 consumer brands to advance the Company’s new strategic growth initiatives. Appointment positions Phunware to satisfy Nasdaq Stock Market LLC (“Nasdaq”) continued listing requirements for audit committee service and is a nominee for election to the Company's Board of Directors at the 2024 Annual Shareholders' Meeting which is scheduled for May 6, 2025. Appointed Rahul Mewawalla, an existing director of the Company since October 2021, as Chairperson of the Board of Directors, an accomplished public company executive at leading Fortune 500 and Silicon Valley technology companies, bringing growth, turnarounds, and innovation expertise. Signed a term sheet, in conjunction with other parties, to acquire a controlling interest in MyCanvass, LLC, a new startup technology company that will focus on providing voter and advocacy engagement software and data analytics tools, including mobile apps. Attended industry and investor conferences including IMEX America and the G...