Reports Q1 revenue $688K, consensus $675K. “The first quarter of 2025 was underscored by new customers and bookings and continued focus on our AI-related initiatives,” said interim CEO Stephen Chen. “First quarter revenues of $0.7M and gross margin of 52% were driven by a 40% increase in Mobile software subscriptions and services with delivered customer projects. With an existing hospitality customer, we launched an integrated conference solution including dynamic wayfinding, mobile engagement messaging, events scheduling, and content management. With a well-known resort and entertainment venue customer, we launched our hospitality industry solution application to enhance guest experiences.”
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PHUN:
- Phunware Approves Director Election and Auditor Ratification
- Phunware (PHUN) Q1 Earnings Cheat Sheet
- Phunware price target lowered to $12 from $13 at Ascendiant
- Phunware price target lowered to $4.50 from $20 at Roth MKM
- Phunware: Balancing Operational Progress with Revenue Decline and Uncertainty – Hold Rating Maintained
