Cloud platform Phunware's Q3 net loss improves

Phunware

06/11/2025 21:57

Overview

Phunware Q3 2025 revenue decreased 6.5% yr/yr to $0.6 mln

Net loss improved to $2.4 mln from $2.8 mln in Q3 2024

Company focuses on AI technology integration and corporate initiatives

Outlook

Phunware plans to expand AI features in its product offerings

Phunware maintains strong liquidity to support AI and sales initiatives

Result Drivers

AI CONCIERGE DEVELOPMENT - Phunware is advancing its AI Concierge product, currently in pilot testing, to enhance customer engagement and monetization in hospitality applications

SALES AND MARKETING INVESTMENT - Increased investments in sales and marketing to boost brand and performance marketing, including a new website launch and additional leadership

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$622,000
Q3 Net Income
-$2.41 mln
Q3 Gross Profit
$287,000


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Phunware Inc is $4.25, about 44.5% above its November 5 closing price of $2.36

Press Release: ID:nGNX5NDDXS

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)