Summary
Phunware revenue jumps as company invests in AI-led growth strategy
Mobile-first enterprise software company Phunware Inc (NASDAQ:PHUN, FRA:2RJA) said on Thursday it is accelerating its transformation into an AI-enabled guest intelligence platform, as new leadership and a strong cash position support investments aimed at expanding its hospitality business and entering adjacent markets. The company, which provides location-aware mobile engagement technology for hospitality, healthcare and other physical venues, said it is focused on executing its "2.0 Strategy" following the appointment of Dmitry Kroshka as CEO in May.
Phunware expands leadership team as Wailea Beach Resort adopts AI Concierge
Phunware Inc (NASDAQ:PHUN, FRA:2RJA) appointed Nick Farrell as senior vice president of sales and added Aaron Holloway and Michael Crooks as advisors, the mobile enterprise guest intelligence platform company said, building on momentum from its showing at HITEC North America 2026 in San Antonio. The appointments follow strong engagement at the hospitality technology conference, where Phunware demonstrated its Guest Intelligence Platform, including its AI Concierge and AI Itinerary Builder.
Phunware to showcase AI guest platform at HITEC as it names new sales director
Phunware Inc (NASDAQ:PHUN, FRA:2RJA) said on Thursday it will exhibit at the Hospitality Industry Technology Exposition and Conference in San Antonio next week, as the mobile enterprise software company named a hospitality technology veteran to lead its sales efforts and previewed new features for its Guest Intelligence Platform. The Nasdaq-listed company appointed Brent McMahan, formerly of FLYR Hospitality, as senior director of sales.
Phunware Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 35 | $103.25 | $72.45 | -$30.8 | -29.83% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 1 | $8.96 | $2.07 | -$6.89 | -76.9% |
 Hui Fai Tam Caitong International Asset Management Co. Ltd. | 15 | $27.79 | $31.05 | $3.26 | 11.73% |
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 500 | $925 | $1,035.15 | $110.15 | 11.91% |
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Phunware Inc. Profile
| Software Industry | Information Technology Sector | Dmitry Kroshka CEO | NASDAQ (CM) Exchange | 71948P209 CUSIP |
| US Country | 26 Employees | - Last Dividend | 27 Feb 2024 Last Split | 28 Oct 2016 IPO Date |
Overview
Phunware, Inc., headquartered in Austin, Texas since its foundation in 2009, operates globally, offering an integrated software platform that enables companies to effectively engage, manage, and monetize their mobile application portfolios. The company serves a broad range of industries, including healthcare, retail, sports, aviation, real estate, hospitality, and education, by providing innovative mobile software solutions and services. These offerings help businesses to interact with their mobile audience through high-quality, feature-rich applications, thereby enhancing user engagement and generating new revenue streams.
Products and Services
- Mobile Software and Application Transaction Solutions
This includes the licensing of Software Development Kits (SDKs) that integrate into clients' mobile applications to provide crucial analytics on app usage and engagement. These solutions offer a comprehensive suite of tools for content management, allowing app administrators to manage app content via a cloud-based portal seamlessly. Additionally, the platform supports alerts, notifications, messaging for direct communication with users, marketing automation for sending targeted, location-triggered messages, advertising services, and location-based services like mapping, navigation, wayfinding, and asset management.
- SDK License Integration and Custom Application Development
Phunware extends its platform capabilities by integrating its SDK licenses into customers' existing apps, enhancing their functionality and user experience. The company also offers custom application development services, tailored to meet the specific needs of its clients, alongside providing ongoing support services to ensure optimal app performance.
- Cloud-Based Vertical Solutions
The company excels in delivering cloud-based solutions catered to specific industries, including healthcare, retail, sports, aviation, real estate, hospitality, and education. These vertical solutions are designed to address unique industry challenges and enable businesses to leverage mobile technology effectively to achieve their goals.
- Application Transactions
Phunware facilitates various transactional media purchases that support application discovery, user acquisition and building, engagement, and monetization. This encompasses both recurring and one-time transactions, providing businesses with flexible options to enhance their mobile app's visibility and user base.
Contact Information
