Phunware, Inc. (PHUN) News

Phunware Reports Fourth Quarter and Full Year 2025 Financial Results

Fri, 20 Mar 2026 08:05:00 -0400

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 personalize customer guest journeys through real-time wayfinding, Q&A and on-property recommendations.
Announced election of Ed Lu to the Board of Directors, bringing financial, strategic and operational leadership experience to guide the Company's finance and technology strategy and customer initiatives.
Appointed Elliot Han, a director of the Company since 2024 with experience in corporate finance and investments in digital asset companies, as Chairperson of the Board of Directors.
Appointed Jeremy Krol, our Interim CEO, to the Board of Directors.

Management Commentary

“The decrease of approximately $0.6 million in revenue from fiscal year 2024 to fiscal year 2025 was the result of a softening advertising market, but this was positively offset by growth in our software business. Moreover, net revenue increased 33% to $0.8 million in Q4 2025, as compared to $0.6 million in Q4 2024. The fourth quarter of 2025 and early 2026 reflects the ongoing evolution of our pioneering capabilities and forward-thinking approach to mobile software products and solutions that focus on the multi-billion-dollar hospitality market,” said Jeremy Krol, Interim CEO of Phunware. “We believe our platform and products can fundamentally change the economics of large hotels and resorts and deliver the most value to customers and shareholders.

"We recently introduced two hospitality-specific product tiers designed to align our platform with the distinct needs of different property segments. Our Luxury Engagement tier is built for premium hospitality brands. It delivers fully personalized digital guest experiences anchored by Phunware's deep wayfinding capabilities, serving as a branded, immersive companion for guests throughout the on-property journey. It is designed to anticipate guest needs, enhance discovery, and reinforce the brand's premium identity at every touchpoint. Our Enriched Experience tier is built for full-service independent properties. It delivers guest engagement through curated digital touchpoints that drive on-property discovery and surface amenities and events, extending core services into more intelligent, dynamic guest interactions to create new revenue opportunities for property operators. Both tiers are designed to deepen guest relationships while expanding monetization opportunities for property operators.

"We continue to invest in artificial intelligence across our internal operations and products. We note that IDC, a leading market intelligence provider, estimates that 50% of AI budgets in hospitality and travel will be allocated to guest personalization efforts by 2030, powering ambient intelligence and preference anticipation to increase guest satisfaction, and we intend to capitalize on that trend. Our AI Concierge, a generative AI module embedded within our mobile applications, serves as a conversational, human-like interface that enhances guest engagement and creates new monetization opportunities for our hospitality customers. Unlike conventional chatbot solutions, the AI Concierge is deeply integrated with Phunware's proprietary navigation and mapping technology, enabling guests to receive intelligent, context-aware responses and to be routed directly to their rooms, points of interest, restaurants, the spa and other on-property destinations with turn-by-turn directions and live blue-dot wayfinding. This integration of real-time conversational AI and on-property spatial intelligence represents what we believe is a significant differentiator for Phunware in the hospitality technology market. Following a successful pilot program with one of our large resort customers, AI Concierge is now commercially available, and Phunware is actively selling this module to new and existing customers.

"We recognize that hospitality brands are built on trust and we are taking a deliberate, collaborative approach on AI development for our products. Rather than deploying simple generative AI features at scale, we are working closely with our customers to develop agentic and predictive guest-focused AI solutions tailored to their immediate operational needs while progressively building more robust language models trained on increasingly complete guest behavior, location intelligence and property data. We believe this measured approach of combining near-term commercial value with longer-term data and model enterprise value and maturity positions us to deliver AI guest experience capabilities that luxury brands and independent property operators can deploy with confidence and their guests will actually use, which in our view is ultimately the threshold that separates AI as a strategic asset from AI as a marketing line item in this vertical. Beyond hospitality, we continue to serve healthcare customers where our wayfinding and mobile engagement capabilities address similar on-property navigation and patient experience challenges, and we see meaningful opportunity to extend our AI-enabled products into that vertical as it matures.

"Looking ahead, we remain deeply committed to executing our transformative approach within the hospitality industry, driving ancillary revenue growth while enhancing guest experiences through smart digital engagement. The hospitality industry is entering a new phase where technology, and AI in particular, is no longer simply an add-on feature, but is evolving to become the core infrastructure for maximizing guest experience and property value, unlocking customer operational efficiencies and revenues and delivering personalized guest experiences at scale. Our continued investment in AI, grounded in real product integration and close customer collaboration, is central to that vision.

"Operationally, we are expanding business and sales initiatives, including new sales and marketing personnel to accelerate momentum for our existing products and drive adoption of our AI Concierge and future AI-enabled capabilities. With approximately $100 million in cash and cash equivalents at year-end, we have meaningful capacity to invest in our product research and development, sales, other intellectual property and organic and inorganic growth, including potential acquisitions and partnerships, to deepen our data assets and infrastructure, extend our development platform, and accelerate our AI roadmap." concluded Krol.

Note about Non-GAAP Financial Measures

A non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. Non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. Other companies may use different non-GAAP measures and presentation of results.

In addition to financial results presented in accordance with GAAP, this press release presents adjusted EBITDA, which is a non-GAAP measure. Adjusted EBITDA is determined by taking net loss and adding interest expense (income), income tax expense, depreciation, and further adjusted for non-cash impairment, valuation adjustments and stock-based compensation expense. The company believes that this non-GAAP measure, viewed in addition to and not in lieu of net loss, provides additional information to investors by providing a more focused measure of operating results. This metric is an integral part of the Company’s internal reporting to evaluate its operations and the performance of senior management. A reconciliation of adjusted EBITDA to net loss, the most comparable GAAP measure, is available in the accompanying financial tables below. The non-GAAP measure presented herein may not be comparable to similarly titled measures presented by other companies.

US-GAAP NET LOSS TO ADJUSTED EBITDA RECONCILIATION
	Year Ended December 31,
(in thousands)	2025			2024
Net loss	$	(11,401	)	$	(10,316	)
Add back: Depreciation		13			16
Add back: Interest expense		32			135
Less: Interest income		(4,268	)		(1,732	)
Add back: Income tax (benefit) expense		(19	)		41
EBITDA		(15,643	)		(11,856	)
Add back: Stock-based compensation		455			1,656
Less: Gain on extinguishment of debt		-			(535	)
Add back: Loss on disposal of subsidiary		-			418
Less: Gain on legal settlement		(959	)		-
Adjusted EBITDA	$	(16,147	)	$	(10,317	)

About Phunware

Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions for hospitality, healthcare and other large property related customers, with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences.

Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, and market participants. Phunware is poised to expand its software products and services audience through new generative AI products and product enhancements which are in development, utilize and monetize its patents and other intellectual property, and focus on serving its enterprise customers and partners.

For more information on Phunware, please visit www.phunware.com.

Safe Harbor / Forward-Looking Statements

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware uses forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. These forward-looking statements involve risks, uncertainties, and other assumptions that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC. We undertake no obligation to update any forward-looking statements.

By their nature, forward-looking statements involve risks and uncertainties. We caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those expressed or implied by these forward-looking statements.

Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware, Inc. Consolidated Balance Sheets (In thousands, except share and per share information)
	December 31,			December 31,
	2025			2024
Assets:
Current assets:
Cash and cash equivalents	$	100,587		$	112,974
Accounts receivable, net of allowance for credit losses of $113 and $166 as of December 31, 2025 and December 31, 2024, respectively		300			276
Digital currencies		96			103
Prepaid expenses and other current assets		19,164			406
Total current assets		120,147			113,759
Non-current assets:
Property and equipment, net		11			24
Right-of-use asset, net		552			840
Other assets		158			158
Total non-current assets		721			1,022
Total assets	$	120,868		$	114,781

Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$	1,070		$	3,754
Accrued expenses		19,905			148
Deferred revenue		1,386			1,034
Lease liability		342			313
PhunCoin subscription payable		1,202			1,202
Total current liabilities		23,905			6,451
Deferred revenue		369			528
Lease liability		277			619
Total noncurrent liabilities		646			1,147
Total liabilities		24,551			7,598
Commitments and contingencies (See Note 7)		-			-
Stockholders' equity
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 20,198,290 shares issued and 20,188,160 shares outstanding as of December 31, 2025 and 20,166,665 shares issued and 20,156,535 shares outstanding as of December 31, 2024		2			2
Treasury stock		(502	)		(502	)
Additional paid-in capital		421,538			421,003
Accumulated deficit		(324,721	)		(313,320	)
Total stockholders' equity		96,317			107,183
Total liabilities and stockholders' equity	$	120,868		$	114,781

Phunware, Inc. Consolidated Statements of Operations and Comprehensive Loss (In thousands, except share and per share information)
	Year Ended
	December 31,
	2025			2024

Net revenue	$	2,553		$	3,189
Cost of revenue		1,262			1,735
Gross profit		1,291			1,454
Operating expenses:
Sales and marketing		3,352			2,605
General and administrative		15,295			10,473
Research and development		3,163			2,265
Total operating expenses		21,810			15,343
Operating loss		(20,519	)		(13,889	)
Other income (expense):
Interest expense		(32	)		(135	)
Interest income		4,268			1,732
Gain on extinguishment of debt		-			535
Other income, net		4,863			1,482
Total other income		9,099			3,614
Loss before taxes		(11,420	)		(10,275	)
Income tax benefit (expense)		19			(41	)
Net loss		(11,401	)		(10,316	)
Net loss per share, basic and diluted	$	(0.57	)	$	(0.94	)
Weighted-average shares used to compute net loss per share, basic and diluted		20,177,806			10,972,163

Phunware, Inc. Consolidated Statements of Cash Flows (In thousands)
	Year Ended
	December 31,
	2025			2024
Operating activities
Net loss	$	(11,401	)	$	(10,316	)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on extinguishment of debt		-			(535	)
Non-cash writeoff of accounts payable		(201	)		(1,403	)
Stock-based compensation		455			1,656
Other adjustments		(607	)		1,219
Changes in operating assets and liabilities:
Accounts receivable		(21	)		130
Prepaid expenses and other assets		(258	)		86
Accounts payable and accrued expenses		(267	)		(2,933	)
Lease liability payments		(360	)		(682	)
Deferred revenue		193			(347	)
Net cash used in operating activities from continued operations		(12,467	)		(13,125	)
Net cash used in operating activities from discontinued operations		-			(177	)
Net cash used in operating activities		(12,467	)		(13,302	)
Investing activities
Net cash for investing activities		-			-
Financing activities
Proceeds from sales of common stock, net of issuance costs		80			122,342
Net cash provided by financing activities		80			122,342

Net (decrease) increase in cash and cash equivalents		(12,387	)		109,040
Cash and cash equivalents at the beginning of the period		112,974			3,934
Cash and cash equivalents at the end of the period	$	100,587		$	112,974


Supplemental disclosure of cash flow information
Interest paid	$	32		$	31
Income taxes paid	$	25		$	14
Supplemental disclosures of non-cash financing activities:
Issuance of common stock upon conversion of the 2022 Promissory Note	$	-		$	4,505
Issuance of common stock for payment of bonuses and consulting fees	$	-		$	35

Source: Phunware, Inc.

Phunware Unveils Redesigned Corporate Website Highlighting Evolution of Flagship Hospitality Platform and Refined Products

Wed, 28 Jan 2026 09:30:00 -0500

Showcases Phunware’s Introduction of Two Hospitality Specific Products, One for Luxury Brands and the Other for Full-Service Property Owners

AUSTIN, Texas, Jan. 28, 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 introduced a redesigned corporate website and a refined portfolio of products for enhancing hospitality guest-related experiences, engagements and revenues.

Phunware’s redesigned corporate website reflects the evolution of its pioneering capabilities and forward-thinking approach to mobile software products and solutions with a focus on the large and growing hospitality market. The dynamic, user-friendly, and content-rich website showcases a refined product portfolio and highlights how Phunware's advanced location and wayfinding capabilities continue to remove friction, enhance guest experiences and interactions across hospitality touchpoints to build relationships and loyalty, and free up hospitality staff to deliver other higher-touch guest services.

The website notably showcases Phunware’s introduction of two hospitality specific products, one for luxury brands and the other for full-service property owners, which provide solutions for developing modular, native mobile apps, with cloud-driven updates, and range of solutions for enhancing on-property guest experiences and engagements, and ancillary guest revenue growth. These solutions address critical needs for large spatially complex hotels and resorts that offer a variety of on-site amenities and events.

“When I stepped in as CEO, my mandate was simple: focus and double down on where we deliver the most value. We looked at the data, and it was clear that our platform can and should be used to fundamentally change the economics of large hotels and resorts,” said Jeremy Krol, Interim CEO of Phunware.

The Luxury Engagement product tier, developed for premium luxury hospitality brands, delivers fully-personalized digital guest experiences and engagements and takes advantage of Phunware’s deep wayfinding capabilities to provide guests with a branded, immersive companion throughout each guest’s on-property journey. It was developed to anticipate needs, enhance discovery, reinforce a brand’s premium identity at every touchpoint, and increase guest relationships and revenues. The Enriched Experience product tier, developed for full service hospitality properties, delivers options to elevate guest engagement across meaningful touchpoints, drive discovery, and expand and reinforce guest revenue opportunities, all of which builds on core services for deeper interactivity, more curated ways to explore the property, and more intelligent and dynamic guest engagement with services, amenities and events.

“We’re building software solutions designed to eliminate friction.” Krol added. “When a guest doesn't have to wander through a maze with a paper map to find his or her room or come back tomorrow to book a spa appointment because the spa just closed, the guest’s vacation starts instantly. At properties running Phunware hospitality software, we are seeing guest app adoption rates exceed 70%. That level of guest engagement is, in our view, unprecedented in hospitality. It can turn a static hotel or resort stay into a high-margin digital marketplace. For our customers, we believe this means massive jumps in ancillary revenue. For our investors, we believe it demonstrates the unlocking of a repeatable, highly scalable customer playbook in a multi-billion-dollar market. We have the ability to deploy this standard to customers across the hospitality industry, and our new website reflects an absolute commitment to addressing the biggest problem in hospitality: unnecessary friction between guests and their vacations.”

About Phunware

For more information on Phunware, please visit www.phunware.com.

Safe Harbor / Forward-Looking Statements

Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us

Source: Phunware, Inc.

Phunware Announces Election of Ed Lu to the Board of Directors

Tue, 23 Dec 2025 16:01:00 -0500

Seasoned Finance Executive and Strategic Technology Advisor to
Guide Board Strategy Technology and Customer Initiatives

AUSTIN, Texas, Dec. 23, 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 announced the election of Ed Lu to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on December 17, 2025. Phunware also today announced the re-election of Interim Chief Executive Officer Jeremy Krol to the Company’s Board of Directors, after having joined the Board in October 2025.

Ed Lu brings financial, strategic and operational leadership experience to Phunware, including over 14 years of service as Chief Financial Officer and similar roles in companies backed by venture capital and private equity. Mr. Lu’s expertise includes finance, accounting, risk management, corporate development and capital markets. Mr. Lu currently serves as the Chief Financial Officer and Chief Operating Officer of Fandom, Inc., with oversight over all financial, planning, accounting and corporate development functions since joining Fandom in October 2018. Mr. Lu has also served as a director of Outpost Games and as a board advisor and strategic advisor across several early to mid-stage companies.

Mr. Lu holds a B.A. in Economics from the University of California, Berkeley and an M.S. in Management Science & Engineering with a concentration in Entrepreneurial Finance and Strategy from Stanford University.

“Ed brings a strong background in finance and operations, and expertise in guiding technology companies through periods of strategic and financial transformation, to our board of directors,” said Elliot Han, Phunware Board Chairperson. “Ed is known for his ability to drive hypergrowth and build scalable organizations, and has extensive experience with M&A and capital markets transactions. He is also a thought leader within the finance community. We welcome him to the Board and look forward to his insights and contributions to help create sustainable, long-term value for Phunware and its shareholders.”

About Phunware

Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences.

For more information on Phunware, please visit www.phunware.com.

Safe Harbor / Forward-Looking Statements

Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us

Source: Phunware, Inc.

Phunware Announces Appointment of Elliot Han as Chairperson of the Board of Directors

Tue, 02 Dec 2025 08:31:00 -0500

Experienced Corporate Finance and Technology/Digital-Asset Leader to Guide Board Strategy and Growth Initiatives

AUSTIN, Texas, Dec. 02, 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 announced that Elliot Han was appointed Chairperson of the Company’s Board of Directors and Chairperson of the Board’s Audit Committee, each effective October 2025.

Mr. Han has served as a Class II non-employee Director on the Company's Board since January 2024 and will continue to chair the Board’s Compensation Committee.

Since February 2025, Mr. Han has served as Chief Investment Officer of C1 Fund Inc., a NYSE-listed closed-end investment company primarily focused on investments in private digital asset services and technology companies. Since September 2023, he has also served as a Partner at PGP Capital Advisors, a boutique investment and merchant banking firm, focused on the technology and digital asset sectors.

Mr. Han is an accomplished investment executive with global experience and deep expertise across technology, finance, digital assets, and the full spectrum of corporate finance, strategy, legal, and operational disciplines. He has held senior leadership roles at several global financial institutions, including Cantor Fitzgerald, the New York Stock Exchange, and Goldman Sachs. He also served on the management team of the Argon Group, a pioneering blockchain technology and advisory company. Earlier in his career, he practiced corporate law at Freshfields Bruckhaus Deringer and began his finance career at Credit Suisse/CSFB.

Mr. Han holds a B.A. from Columbia University, a Master's degree from Oxford University, and law and M.A. degrees from Cambridge University.

“We are thrilled to have Elliot lead as Chairperson of our Board and Chair of the Audit Committee,” said Jeremy Krol, Interim CEO of Phunware. “Elliot has a wealth of experience in corporate finance, strategy, capital markets, technology and digital assets, and his leadership will continue to be instrumental as we execute on our software business growth strategy, explore and develop opportunities in digital assets, and deliver value to our shareholders.”

About Phunware

For more information on Phunware, please visit www.phunware.com.

Safe Harbor / Forward-Looking Statements

Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us

Source: Phunware, Inc.

Phunware Reports Third Quarter 2025 Financial Results

Thu, 06 Nov 2025 16:05:00 -0500

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 help hoteliers unlock additional revenue by utilizing AI in their hospitality applications. AI Concierge functionalities will serve as a human-like interface in our mobile apps for customers to enhance customer engagement with users, providing customers with innovative opportunities to further monetize their products and services with users. We are running an AI Concierge pilot testing program with an existing customer in their mobile application and are delighted by the initial positive response. We look forward to measuring its impact on user engagement and customer insights.”

“Looking ahead, we are highly focused on adding more AI-related features and functionalities within our current product offerings and are working with other customers to launch pilot testing programs for our AI Concierge. Our team is continuing internal development and testing of our Guest Services Agent to provide information and book reservations at restaurants located on customer properties. Expanding business and sales initiatives, including new sales consultants, are ramping momentum in our existing products and building interest in our upcoming AI features and functionalities. To support our strategy, we continue to have ample liquidity to invest in our product development and sales initiatives, as well as the deployment of capital for organic and inorganic growth," concluded Krol.

Note about Non-GAAP Financial Measures


US-GAAP NET LOSS TO ADJUSTED EBITDA RECONCILIATION (Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2025			2024			2025			2024
Net loss	$	(2,409	)	$	(2,760	)	$	(9,276	)	$	(7,683	)
Add back: Depreciation		3			4			11			12
Add back: Interest expense		9			10			23			126
Less: Interest income		(1,077	)		(381	)		(3,290	)		(760	)
EBITDA		(3,474	)		(3,127	)		(12,532	)		(8,305	)
Add back: Stock-based compensation		134			242			338			1,532
Less: Gain on extinguishment of debt		-			-			-			(535	)
Adjusted EBITDA	$	(3,340	)	$	(2,885	)	$	(12,194	)	$	(7,308	)

About Phunware

For more information on Phunware, please visit www.phunware.com.

Safe Harbor / Forward-Looking Statements

Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us


Phunware, Inc. Condensed Consolidated Balance Sheets (In thousands, except share and per share information)

	September 30,			December 31,
	2025			2024
Assets:	*(Unaudited)*
Current assets:
Cash and cash equivalents	$	103,783		$	112,974
Accounts receivable, net of allowance for credit losses of $113 and $166 as of September 30, 2025 and December 31, 2024, respectively		350			276
Digital currencies		127			103
Prepaid expenses and other current assets		583			406
Total current assets		104,843			113,759
Non-current assets:
Property and equipment, net		13			24
Right-of-use asset, net		626			840
Other assets		158			158
Total non-current assets		797			1,022
Total assets	$	105,640		$	114,781

Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$	3,177		$	3,754
Accrued expenses		152			148
Deferred revenue		1,290			1,034
Lease liability		335			313
PhunCoin subscription payable		1,202			1,202
Total current liabilities		6,156			6,451
Deferred revenue		793			528
Lease liability		366			619
Total noncurrent liabilities		1,159			1,147
Total liabilities		7,315			7,598
Commitments and contingencies		-			-
Stockholders' equity
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 20,197,456 shares issued and 20,187,326 shares outstanding as of September 30, 2025 and 20,166,665 shares issued and 20,156,535 shares outstanding as of December 31, 2024		2			2
Treasury stock		(502	)		(502	)
Additional paid-in capital		421,421			421,003
Accumulated deficit		(322,596	)		(313,320	)
Total stockholders' equity		98,325			107,183
Total liabilities and stockholders' equity	$	105,640		$	114,781

Phunware, Inc. Condensed Consolidated Statements of Operations (In thousands, except share and per share information) (Unaudited)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2025			2024			2025			2024

Net revenue	$	622		$	665		$	1,765		$	2,597
Cost of revenue		335			343			929			1,281
Gross profit		287			322			836			1,316
Operating expenses:
Sales and marketing		800			619			2,386			1,671
General and administrative		2,308			2,281			8,562			7,051
Research and development		679			612			2,462			1,592
Total operating expenses		3,787			3,512			13,410			10,314
Operating loss		(3,500	)		(3,190	)		(12,574	)		(8,998	)
Other income (expense):
Interest expense		(9	)		(10	)		(23	)		(126	)
Interest income		1,077			381			3,290			760
Gain on extinguishment of debt		-			-			-			535
Other income, net		23			59			31			146
Total other income		1,091			430			3,298			1,315
Loss before taxes		(2,409	)		(2,760	)		(9,276	)		(7,683	)
Income tax expense		-			-			-			-
Net loss		(2,409	)		(2,760	)		(9,276	)		(7,683	)
Net loss per share, basic and diluted	$	(0.12	)	$	(0.25	)	$	(0.46	)	$	(0.88	)
Weighted-average shares used to compute net loss per share, basic & diluted		20,182,247			11,104,174			20,174,508			8,755,908

Phunware, Inc. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited)

	Nine Months Ended
	September 30,
	2025			2024
Operating activities
Net loss	$	(9,276	)	$	(7,683	)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on extinguishment of debt		-			(535	)
Stock-based compensation		338			1,532
Other adjustments		235			653
Changes in operating assets and liabilities:
Accounts receivable		(71	)		(561	)
Prepaid expenses and other assets		(177	)		(2,759	)
Accounts payable and accrued expenses		(573	)		(457	)
Lease liability payments		(268	)		(560	)
Deferred revenue		521			(43	)
Net cash used in operating activities from continued operations		(9,271	)		(10,413	)
Net cash used in operating activities from discontinued operations		-			(177	)
Net cash used in operating activities		(9,271	)		(10,590	)
Investing activities
Net cash for investing activities		-			-
Financing activities
Proceeds from sales of common stock, net of issuance costs		80			42,193
Net cash provided by financing activities		80			42,193

Net (decrease) increase in cash and cash equivalents		(9,191	)		31,603
Cash and cash equivalents at the beginning of the period		112,974			3,934
Cash and cash equivalents at the end of the period	$	103,783		$	35,537


Supplemental disclosure of cash flow information
Interest paid	$	23		$	22
Income taxes paid	$	23		$	40
Supplemental disclosures of non-cash financing activities:
Issuance of common stock upon conversion of the 2022 Promissory Note	$	-		$	4,505
Issuance of common stock for payment of bonuses and consulting fees	$	-		$	35

Source: Phunware, Inc.

Phunware Unveils New White Paper Demonstrating $2M+ Annual Revenue Opportunity for Hospitality Leaders

Mon, 03 Nov 2025 08:31:00 -0500

Paper Details Five Key Levers Driving the Transformation to Unlocking the Full Value of a Property While Creating Extraordinary Guest Experiences

AUSTIN, Texas, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), today announced the release of its latest white paper, "From Browsing to Booking and Back Again”, outlining a transformative strategy for the hospitality industry to increase ancillary revenue and elevate guest experiences through intelligent digital engagement.

The white paper highlights that 35% of guest spending takes place after check-in, representing an untapped $2+ million annual revenue opportunity for a 200-room property at 60% occupancy.

By transforming a property's static printed or electronic brochure into an interactive digital map with a real-time, always available concierge, resorts can capture attention at the moments that build loyalty and drive spending behavior. Properties now have the ability to unlock new revenue streams, optimize operations, and deliver frictionless experiences that build long-term loyalty.

"Hospitality has entered a new era where technology isn’t just an enhancement - it’s the foundation for unlocking the full value of a property while creating extraordinary guest experiences," said Jeremy Krol, Interim CEO of Phunware. "Our research shows that by meeting guests in the moments that matter, properties can dramatically increase engagement, satisfaction, and revenue - while gaining a sustainable competitive edge."

The white paper details five key levers driving this transformation: capturing guest attention on-site, unlocking post-check-in revenue, deploying precision engagement, increasing operational efficiency, and positioning properties for market leadership.

Download the full white paper here.

About Phunware

For more information on Phunware, please visit www.phunware.com.

Safe Harbor / Forward-Looking Statements

Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us

Source: Phunware, Inc.

Phunware Announces Appointment of Jeremy Krol to Board of Directors

Wed, 22 Oct 2025 08:05:00 -0400

Appointment Fills Vacant Position on Board of Directors

AUSTIN, Texas, Oct. 22, 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 announced the appointment of Jeremy Krol to its Board of Directors, effective immediately.

Mr. Krol, who served as Phunware’s COO before accepting a position as Interim Chief Executive Officer in July 2025, will continue in that leadership position in addition to joining the Board. Krol began his tenure at Phunware in June 2024 and brings more than 20 years of experience in engineering, finance, and technology startups. Prior to Phunware he served as a startup advisor for Platform Calgary, a technology accelerator hub. He will continue to oversee Phunware’s daily operations, strengthening business and sales initiatives around the existing products and advancing integrations of new technologies.

“We are pleased to welcome Jeremy to Phunware’s Board of Directors,” said Quyen Du, Board Director and Chair of the Company’s Nominating and Corporate Governance Committee. “Jeremy’s strategic insight and deep familiarity with our business and operations remains invaluable in the steer of Phunware, especially as we continue to finesse and execute on our growth plans.”

About Phunware

For more information on Phunware, please visit www.phunware.com.

Safe Harbor / Forward-Looking Statements

Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us

Source: Phunware, Inc.

Phunware Reports Second Quarter 2025 Financial Results

Fri, 08 Aug 2025 16:05:00 -0400

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. Software bookings for the second quarter were $0.6 million, all of which represented new customer logos for the Company, as we accelerate our pipeline and simultaneously shorten the sales cycle. We currently have four new customers in development and on track to launch next quarter in the hospitality and healthcare industries.

“Last month, I had the privilege of stepping into the role of Interim CEO after serving as Chief Operating Officer (COO) and fractional COO over the past year. We remain committed to advancing our investment in AI. In the months ahead, we’ll be engaging with existing customers to launch pilot testing programs for our AI Personal Concierge, while also continuing internal development and testing of our Guest Services Agent feature. As we look ahead, our focus is firmly on strengthening our business and sales initiatives around our existing products, where we’re seeing strong momentum—particularly following the success of HITEC. Lastly, Phunware continues to have ample liquidity. In the coming months, I will be working with our board on the deployment of capital for organic and inorganic growth," concluded Krol.

Note about Non-GAAP Financial Measures

US-GAAP NET LOSS TO ADJUSTED EBITDA RECONCILIATION (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2025			2024			2025			2024
Net loss	$	(3,144	)	$	(2,631	)	$	(6,867	)	$	(4,923	)
Add back: Depreciation		4			4			8			8
Add back: Interest expense		5			8			14			116
Less: Interest income		(1,094	)		(239	)		(2,213	)		(379	)
EBITDA		(4,229	)		(2,858	)		(9,058	)		(5,178	)
Add back: Stock-based compensation		118			660			204			1,290
Less: Gain on extinguishment of debt		-			-			-			(535	)
Adjusted EBITDA	$	(4,111	)	$	(2,198	)	$	(8,854	)	$	(4,423	)

About Phunware

For more information on Phunware, please visit www.phunware.com. To better understand and leverage generative AI and Phunware’s mobile app technologies, visit ai.phunware.com.

Safe Harbor / Forward-Looking Statements

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware is using forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms.

Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us

Phunware, Inc. Condensed Consolidated Balance Sheets *(In thousands, except share and per share information)*

	June 30,			December 31,
	2025			2024
Assets:	*(Unaudited)*
Current assets:
Cash and cash equivalents	$	106,264		$	112,974
Accounts receivable, net of allowance for credit losses of $239 and $166 as of June 30, 2025 and December 31, 2024, respectively		379			276
Digital currencies		108			103
Prepaid expenses and other current assets		456			406
Total current assets		107,207			113,759
Non-current assets:
Property and equipment, net		16			24
Right-of-use asset, net		699			840
Other assets		158			158
Total non-current assets		873			1,022
Total assets	$	108,080		$	114,781

Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$	3,573		$	3,754
Accrued expenses		176			148
Deferred revenue		885			1,034
Lease liability		327			313
PhunCoin subscription payable		1,202			1,202
Total current liabilities		6,163			6,451
Deferred revenue		864			528
Lease liability		453			619
Total noncurrent liabilities		1,317			1,147
Total liabilities		7,480			7,598
Commitments and contingencies		-			-
Stockholders' equity
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 20,183,043 shares issued and 20,172,913 shares outstanding as of June 30, 2025 and 20,166,665 shares issued and 20,156,535 shares outstanding as of December 31, 2024		2			2
Treasury stock		(502	)		(502	)
Additional paid-in capital		421,287			421,003
Accumulated deficit		(320,187	)		(313,320	)
Total stockholders' equity		100,600			107,183
Total liabilities and stockholders' equity	$	108,080		$	114,781

Phunware, Inc. Condensed Consolidated Statements of Operations *(In thousands, except share and per share information)* *(Unaudited)*

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2025			2024			2025			2024

Net revenues	$	455		$	1,011		$	1,143		$	1,932
Cost of revenues		265			541			594			938
Gross profit		190			470			549			994
Operating expenses:
Sales and marketing		690			609			1,586			1,052
General and administrative		2,790			2,299			6,254			4,770
Research and development		970			496			1,783			980
Total operating expenses		4,450			3,404			9,623			6,802
Operating loss		(4,260	)		(2,934	)		(9,074	)		(5,808	)
Other income (expense):
Interest expense		(5	)		(8	)		(14	)		(116	)
Interest income		1,094			239			2,213			379
Gain on extinguishment of debt		-			-			-			535
Other income, net		27			72			8			87
Total other income		1,116			303			2,207			885
Loss before taxes		(3,144	)		(2,631	)		(6,867	)		(4,923	)
Income tax expense		-			-			-			-
Net loss		(3,144	)		(2,631	)		(6,867	)		(4,923	)
Net loss per share, basic and diluted	$	(0.16	)	$	(0.32	)	$	(0.34	)	$	(0.65	)
Weighted-average shares used to compute net loss per share, basic & diluted		20,171,639			8,299,323			20,170,639			7,581,774

Phunware, Inc. Condensed Consolidated Statements of Cash Flows *(In thousands)* *(Unaudited)*

	Six Months Ended
	June 30,
	2025			2024
Operating activities
Net loss	$	(6,867	)	$	(4,923	)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on extinguishment of debt		-			(535	)
Stock-based compensation		204			1,290
Other adjustments		193			434
Changes in operating assets and liabilities:
Accounts receivable		(126	)		(422	)
Prepaid expenses and other assets		(50	)		81
Accounts payable and accrued expenses		(153	)		(3,158	)
Lease liability payments		(178	)		(373	)
Deferred revenue		187			(422	)
Net cash used in operating activities from continued operations		(6,790	)		(8,028	)
Net cash used in operating activities from discontinued operations		-			(177	)
Net cash used in operating activities		(6,790	)		(8,205	)
Investing activities
Net cash for investing activities		-			-
Financing activities
Proceeds from sales of common stock, net of issuance costs		80			24,640
Net cash provided by financing activities		80			24,640

Net (decrease) increase in cash and cash equivalents		(6,710	)		16,435
Cash and cash equivalents at the beginning of the period		112,974			3,934
Cash and cash equivalents at the end of the period	$	106,264		$	20,369


Supplemental disclosure of cash flow information
Interest paid	$	14		$	12
Income taxes paid	$	21		$	40
Supplemental disclosures of non-cash financing activities:
Issuance of common stock upon conversion of the 2022 Promissory Note	$	-		$	4,505
Issuance of common stock for payment of bonuses and consulting fees	$	-		$	35

Source: Phunware, Inc.

Phunware Announces Updates to Senior Leadership Team

Mon, 14 Jul 2025 08:00:00 -0400

Jeremy Krol Appointed as Interim Chief Executive Officer and
Rahul Mewawalla Appointed as Executive Chairman and Chief AI Architect

AUSTIN, Texas, July 14, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) (“Phunware” or the “Company”), today announced a leadership update, effective immediately. The Board has appointed Mr. Jeremy Krol, the Company’s current Chief Operating Officer, as its new Interim CEO, effective today, replacing Mr. Stephen Chen. Mr. Krol has spent his career optimizing business operations, integrating technology with market needs, and leading high-performing teams through complex transitions. He has served as the Company’s fractional Chief Operating Officer from June 2024 to February 2025, at which time he joined the Company in a full-time capacity as Chief Operating Officer. From 2019 to 2024, Mr. Krol served as a startup advisor for Platform Calgary, which is a technology accelerator hub for technology startups.

In addition, the Company has appointed Mr. Rahul Mewawalla, a member of the Company’s Board of Directors, as the Company’s Executive Chairman and Chief Artificial Intelligence (AI) Architect. In this dual role, Mr. Mewawalla as Executive Chairman will focus on working along with the Company’s interim CEO on high-priority strategic and operational matters and as Chief AI Architect, on advancing the Company’s artificial intelligence priorities and overall AI enterprise activities.

Mr. Mewawalla is a technology, digital, product, and business leader with extensive strategic and operational leadership experience with enterprise and consumer companies across artificial intelligence, computing, technology, internet, telecom, financial services, and digital markets. He has served as a Nasdaq-listed public company chairman, public company CEO, public company President, EVP of platforms and technology businesses, and has held leadership positions at a number of global technology companies such as Yahoo, Nokia, and General Electric Company. Mr. Mewawalla is a frequent speaker and panelist at global artificial intelligence (AI) summits and a regular author on AI and accelerated computing in publications such as Forbes and Fast Company.

“We are confident that with Jeremy as interim CEO and Rahul as Executive Chairman and as Chief AI Architect, advancing our AI priorities, the Company is well positioned for enhanced innovation and continued growth,” said Elliot Han, Chair of the Compensation Committee and Quyen Du, Chair of the Nominating and Governance Committee, on behalf of the Company’s Board of Directors.

These updates reflect the Company’s continued commitment to strengthening its leadership team, advancing its capabilities, and accelerating execution of the Company’s long-term vision and strategic goals.

About Phunware

Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, and market participants. Phunware is poised to expand its software products and services audience through a new Generative AI platform which is in development, utilize and monetize its patents and other intellectual property, and focus on serving its enterprise customers and partners.

For more information on Phunware, please visit www.phunware.com. To better understand and leverage generative AI and Phunware’s mobile app technologies, visit ai.phunware.com.

Safe Harbor / Forward-Looking Statements

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware is using forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms.

Investor Relations Contact:

Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:

Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us

Source: Phunware, Inc.

Phunware Showcases Next-Gen Guest Experience Technology at HITEC 2025

Fri, 23 May 2025 07:00:00 -0400

Phunware to Debut Hospitality AI Features to Streamline Mobile Interactions; Joins Industry Leaders in Discussing How Next-Gen Apps Are Redefining Guest Engagement

AUSTIN, Texas, May 23, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN), a leading provider of mobile-first engagement solutions for the hospitality industry, today announced its participation in the 2025 Hospitality Industry Technology Exposition and Conference (HITEC®), taking place June 16–19 at the Indiana Convention Center in Indianapolis.

At Booth #2233, Phunware will showcase its mobile hospitality solution and unveil its newest AI features. Executives and product experts will be on-site to demonstrate how Phunware’s solution is transforming guest experiences while unlocking new revenue opportunities for hospitality leaders.

Phunware's team will also join a discussion about next-generation mobile apps at the Exhibit Hall on Tutorial Stage A on Wednesday, June 18. Phunware will demonstrate how intuitive UX, in-app services, real-time wayfinding, and AI-driven features enhance guest discovery across the resort experience—driving deeper engagement, increased revenue, and greater adoption of ancillary services. More details to follow.

Phunware’s mobile hospitality solution empowers hoteliers to deliver seamless, intuitive, and personalized guest experiences. With features like property-wide navigation, real-time offers, and targeted messaging, it helps brands boost operational efficiency and drive ancillary revenue, all while staying aligned with brand standards and existing systems.

Attendees can explore Phunware’s hospitality solution, test-drive the new AI features, and learn how top properties are transforming mobile engagement into revenue-generating, 5-star experiences.

Book a meeting here to connect with Phunware’s team during the event.

For additional information on HITEC program, visit here.

About Phunware

Phunware Inc. (NASDAQ: PHUN) envisions a world where every organization can deliver immersive, personalized mobile experiences that drive real-world action, loyalty, and growth. We aim to be the leading provider of integrated software solutions enabling smarter engagement through data-driven insights and seamless mobile platforms. We are bridging digital and physical touchpoints to shape the future of mobile engagement.

Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, digital asset holders, and market participants. Phunware is poised to expand its software products and services audience so customers can drive deeper engagement, automate key functions, and deliver compelling, on-brand experiences.

For more information on Phunware, please visit www.phunware.com.

Safe Harbor / Forward-Looking Statements

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware is using forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms.

Investor Relations Contact:

Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us

Phunware Media Contact:

Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us

Source: Phunware, Inc.