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Phunware ( (PHUN) ) just unveiled an announcement.
On May 13, 2026, Phunware entered a one-year renewable Master Software and Services Agreement with Build Something LLC, under which the developer will provide software and technology services, including building the Apollo 2.0 Program for up to $3.56 million in milestone-based fees between May 17, 2026, and May 17, 2027. The engagement, led by Michael Cerdá’s AI-first Build Something Product Group, is intended to accelerate Phunware’s Product 2.0 rollout and unify its next-generation Guest Intelligence Platform across hospitality, healthcare and other large-property markets.
On May 12, 2026, Phunware appointed longtime advisor Dmitry Kroshka as chief executive officer under an employment agreement featuring a $475,000 base salary, sizable performance-based cash incentives and an initial $1 million equity package, while interim CEO Jeremy Krol returned to his chief operating officer role and resigned from the board. These leadership and product moves, supported by strong customer retention, AI Concierge traction and a solid cash position, are aimed at tightening product execution, sharpening strategy and positioning Phunware for the next phase of growth in AI-driven guest intelligence and real-time property engagement.
The most recent analyst rating on (PHUN) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Phunware stock, see the PHUN Stock Forecast page.
Spark’s Take on PHUN Stock
According to Spark, TipRanks’ AI Analyst, PHUN is a Neutral.
The score is primarily held down by weak financial performance—declining revenue, extreme losses, and ongoing negative operating/free cash flow—despite a currently low-debt balance sheet. Technicals are mixed with limited momentum and price below key short/long-term averages, and valuation is difficult to support given negative earnings and no indicated dividend yield.
To see Spark’s full report on PHUN stock, click here.
More about Phunware
Phunware, Inc. is an enterprise software company that provides mobile app solutions, analytics, digital advertising and location-based services for hospitality, healthcare and other large-property customers. Its mobile-first, location-aware platform focuses on intelligent, AI-enabled guest engagement and operational intelligence across complex physical environments.
Average Trading Volume: 148,057
Technical Sentiment Signal: Strong Sell
Current Market Cap: $42.33M
For an in-depth examination of PHUN stock, go to TipRanks’ Overview page.