Phunware, Inc. (PHUN)
NASDAQ: PHUN · Real-Time Price · USD
1.901
+0.011 (0.58%)
Jun 26, 2026, 2:29 PM EDT - Market open
Phunware Earnings Call Transcripts
Fiscal Year 2024
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Year-to-date bookings surged nearly 300%, but Q3 revenue declined year-over-year as the company pivots to AI-driven SaaS and advertising. Cash reserves reached $110 million with no debt, supporting strategic investments and M&A.
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A new interim CEO outlined a strategic pivot to generative AI, leveraging strong financials, rapid app development, and deep political ties to pursue both SMB and federal contracts. The company is focused on scalable, secure AI solutions and a high-performance culture.
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Q2 2024 saw 100% customer retention, bookings up over 600%, and a narrowed net loss. Cash position strengthened with $36.6M post-ATM raise, while operating expenses dropped nearly 50% year-over-year.