Phunware ( (PHUN) ) has released its Q2 earnings. Here is a breakdown of the information Phunware presented to its investors.
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Phunware, Inc. is an enterprise software company that specializes in mobile app solutions with integrated intelligent capabilities, serving businesses across various industries by providing tools for custom mobile applications, analytics, digital advertising, and location-based services. In its recent earnings report for the second quarter of 2025, Phunware highlighted strong liquidity and key product milestones, despite a decrease in software subscriptions and services revenue by 16% compared to the previous year. The company reported a net loss of $3.1 million, although the net loss per share improved to ($0.16) from ($0.32) in the previous year.
Key financial metrics revealed that Phunware’s software subscriptions and services gross margin improved significantly to 43.9%, driven by recurring revenue from existing customers. The company also noted the introduction of new AI features for the hospitality industry and a major update to its Multiscreen-as-a-Service platform. Phunware’s strategic focus on AI integration and product innovation was underscored by the appointment of Jeremy Krol as Interim CEO, who emphasized the potential of AI to unlock additional revenue streams for clients.
Looking ahead, Phunware remains committed to advancing its AI initiatives and strengthening its business and sales strategies around existing products. The company plans to engage with existing customers for pilot testing of its AI Personal Concierge and continue development of its Guest Services Agent feature. With ample liquidity, Phunware aims to deploy capital for both organic and inorganic growth, maintaining a strong momentum in its core sectors.