Cloud platform Phunware's Q3 net loss improves

Reuters

Nov 07

Cloud platform Phunware's Q3 net loss improves

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}