Phunware Inc Stock Price, News & Analysis

Phunware (NASDAQ: PHUN) announced that Elliot Han was appointed Chairperson of its Board of Directors and Chairperson of the Board’s Audit Committee, effective October 2025. Mr. Han has served as a Class II non-employee director since January 2024 and will continue to chair the Board’s Compensation Committee.

His recent roles include Chief Investment Officer of C1 Fund Inc. since February 2025 and Partner at PGP Capital Advisors since September 2023. His background includes senior roles at Cantor Fitzgerald, New York Stock Exchange, Goldman Sachs, Argon Group, and earlier positions at Freshfields and Credit Suisse. Mr. Han holds degrees from Columbia, Oxford, and Cambridge.

The company said his experience in corporate finance, capital markets, technology, and digital assets will support growth in its software business and exploration of digital asset opportunities.

Phunware (NASDAQ: PHUN) reported third quarter 2025 results for the period ended September 30, 2025. Net revenue was $0.6 million, down 6.5% year‑over‑year. Gross margin declined to 46.1% from 48.4%. The company recorded a net loss of $2.4 million (Q3 2024: $2.8 million) and net loss per share of ($0.12) (Q3 2024: ($0.25)). Adjusted EBITDA for Q3 was $(3.34) million. Net cash used in operations for the nine months was $9.3 million versus $10.6 million a year earlier. Cash and cash equivalents were $103.8 million at September 30, 2025.

Key corporate items: Jeremy Krol was named Interim CEO and director; the 2025 Annual Meeting is scheduled for December 17, 2025 (record date October 23, 2025). The company is piloting its AI Concierge product with a hospitality partner and plans additional AI feature rollouts.

Phunware (NASDAQ: PHUN) released a white paper titled "From Browsing to Booking and Back Again" on Nov 3, 2025, presenting a digital engagement strategy for hospitality operators.

The paper estimates that 35% of guest spending occurs after check-in and that a 200-room property at 60% occupancy could capture an $2M+ annual ancillary revenue opportunity by converting static brochures into interactive digital maps and a real-time concierge. It identifies five levers: capturing on-site attention, unlocking post-check-in revenue, precision engagement, operational efficiency, and market positioning.

Phunware (NASDAQ: PHUN) announced that Jeremy Krol has been appointed to its Board of Directors, effective October 22, 2025.

Krol joined Phunware in June 2024, served as COO, and has been Interim Chief Executive Officer since July 2025; he will continue as Interim CEO while joining the board. The company says Krol brings more than 20 years of experience in engineering, finance, and technology startups and will continue to oversee daily operations, strengthen business and sales initiatives around existing products, and advance integrations of new technologies.

Phunware (NASDAQ: PHUN), an enterprise mobile app solutions provider, reported Q2 2025 financial results with mixed performance. Software subscriptions and services revenue decreased 16% to $0.4 million compared to Q2 2024, while gross margin significantly improved to 43.9% from 26.9% year-over-year.

The company reported a net loss of $3.1 million ($0.16 per share) compared to $2.6 million ($0.32 per share) in Q2 2024. Q2 software bookings reached $0.6 million from new customers. The company maintains strong liquidity with $106.3 million in cash and announced new AI initiatives, including AI Concierge and Guest Services Agent features for the hospitality industry.

Under new interim CEO Jeremy Krol, Phunware is focusing on AI integration, product innovation, and has four new customers in development within hospitality and healthcare sectors, expected to launch next quarter.

Phunware (NASDAQ: PHUN) has announced significant changes to its senior leadership team. Jeremy Krol, the company's current Chief Operating Officer, has been appointed as Interim CEO, replacing Stephen Chen. Additionally, board member Rahul Mewawalla has been named Executive Chairman and Chief AI Architect.

Krol brings operational optimization experience and previously served as a startup advisor at Platform Calgary. Mewawalla, with extensive experience in technology and AI, will focus on strategic matters and advancing Phunware's artificial intelligence initiatives. He has held leadership positions at companies including Yahoo, Nokia, and General Electric.

Phunware (NASDAQ: PHUN) announced its participation in the 2025 Hospitality Industry Technology Exposition and Conference (HITEC®), scheduled for June 16-19 at the Indiana Convention Center in Indianapolis. The company will showcase its mobile hospitality solution and unveil new AI features at Booth #2233.

The company's team will participate in a discussion about next-generation mobile apps at the Exhibit Hall on Tutorial Stage A on June 18. Phunware's solution includes features such as property-wide navigation, real-time offers, and targeted messaging designed to enhance guest experiences while improving operational efficiency and driving ancillary revenue.

The platform aims to deliver seamless, intuitive, and personalized guest experiences while maintaining alignment with brand standards and existing systems.

Phunware (NASDAQ: PHUN) reported its Q1 2025 financial results, showing mixed performance. Software subscriptions and services revenue grew 40% to $0.6 million compared to Q1 2024. The company recorded a net loss of $3.7 million, higher than the $2.3 million loss in the previous year, primarily due to $1.2 million in one-time legal expenses. Cash position remained strong at $109.7 million. Business highlights include adding three new hospitality customers in Q1 and securing a $0.5 million booking from a healthcare facility in Q2. The company appointed Quyen Du, a 25-year corporate strategy executive, to its Board. Phunware is developing AI-related initiatives, including AI Personal Concierge for hospitality customers, with launch expected in mid-2025.

Phunware (NASDAQ: PHUN) reported its full year 2024 financial results, showing significant improvements in its financial position. The company reduced its net loss from continuing operations to $10.3 million from $41.9 million in the previous year, while adjusted EBITDA loss improved to $10.3 million from $15.5 million.

Key financial highlights include a 232% increase in software and subscription bookings, and cash and cash equivalents of $113.0 million as of December 31, 2024, up from $3.9 million in 2023. The company generated revenues of $3.2 million with 46% gross margins.

Recent leadership changes include Stephen Chen's appointment as interim CEO and Quyen Du joining the Board of Directors. The company plans to launch new AI-driven features, including an AI Personal Concierge for hospitality guests and Intelligent Reporting, expected in mid-2025. Additionally, Phunware signed a term sheet to acquire a controlling interest in MyCanvass, , focusing on voter engagement software.