Phunware Showcases Next-Gen Guest Experience Technology at HITEC 2025
Phunware's Participation in HITEC 2025: Phunware, a mobile engagement solutions provider for the hospitality industry, will showcase its AI-enhanced mobile hospitality solution at the 2025 Hospitality Industry Technology Exposition and Conference (HITEC) from June 16-19 in Indianapolis, demonstrating how it transforms guest experiences and generates revenue.
Focus on Next-Gen Mobile Apps: At the event, Phunware will participate in discussions about next-generation mobile applications, highlighting features like intuitive user experience, real-time wayfinding, and targeted messaging that enhance guest engagement and operational efficiency for hotels.
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Phunware Launches Two Hospitality-Specific Products
- Product Innovation: Phunware has launched two hospitality-specific products targeting luxury brands and full-service properties, designed to enhance guest experiences and revenue through modular, native mobile apps that address the complex needs of large hotels and resorts.
- User Experience Enhancement: The redesigned website showcases Phunware's advanced location and wayfinding capabilities aimed at removing friction for guests within hotels, thereby improving customer satisfaction and enhancing brand loyalty.
- Market Potential: With guest app adoption rates exceeding 70%, Phunware's software solutions are transforming static hotel stays into high-margin digital marketplaces, which is expected to significantly boost ancillary revenue for clients.
- Strategic Direction: CEO Jeremy Krol emphasized Phunware's commitment to changing the economics of large hotels by eliminating friction in guest experiences, demonstrating the company's scalability and repeatable business model in a multi-billion-dollar market.
Phunware Elects Ed Lu to Board, Enhancing Financial Leadership
- New Board Member: Phunware elected Ed Lu to its Board of Directors at the Annual Meeting on December 17, 2025, bringing over 14 years of experience in risk management and capital markets, which is expected to guide the company through strategic and financial transformations.
- CEO Re-election: Concurrently, Phunware re-elected Interim CEO Jeremy Krol to the Board, who has been steering the company's strategic direction and operational efficiency since joining in October 2025.
- Financial and Operational Expertise: Ed Lu currently serves as CFO and COO of Fandom, Inc., overseeing all financial and corporate development functions, and his extensive background is anticipated to help Phunware achieve hypergrowth during periods of technological and financial transformation.
- Strategic Value Enhancement: Board Chair Elliot Han noted that Lu's addition will create sustainable, long-term value for Phunware, particularly as his rich experience in M&A and capital markets transactions will provide crucial support for the company's future growth.
HC Wainwright & Co. Keeps Neutral Rating on Phunware, Reduces Price Target to $2
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Phunware (PHUN) Posts Q3 Loss but Exceeds Revenue Projections
Quarterly Performance: Phunware reported a quarterly loss of $0.12 per share, better than the expected loss of $0.14, and showed an earnings surprise of +14.29%. Revenue for the quarter was $0.62 million, exceeding estimates by 16.70%.
Stock Outlook: Despite underperforming the market with a 54.6% decline this year, Phunware holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on earnings estimate revisions.
Industry Context: The Internet - Software industry, where Phunware operates, is currently ranked in the top 35% of Zacks industries, suggesting a favorable environment for stocks in this sector.
Comparative Analysis: DocuSign, another company in the same industry, is expected to report earnings of $0.92 per share, reflecting a year-over-year increase, with revenues projected at $806.13 million, indicating positive growth trends in the sector.
Rigetti Computing (RGTI) Jumps 9.8%: Is There More Growth Potential for the Stock?
Rigetti Computing Stock Performance: Rigetti Computing, Inc. (RGTI) shares rose 9.8% to $39.6, driven by investor optimism in quantum computing and potential U.S. government equity stakes in leading firms, enhancing Rigetti's market position.
Earnings Expectations: The company is projected to report a quarterly loss of $0.05 per share, with revenues expected to reach $2.39 million, reflecting a slight year-over-year increase.
Earnings Estimate Trends: The consensus EPS estimate for Rigetti has remained stable over the past month, indicating that stock price movements may be influenced by future earnings estimate revisions.
Phunware Overview: Phunware (PHUN) also saw a stock increase of 3.8%, with a consensus EPS estimate change of +2.1% for its upcoming report, while the semiconductor market is anticipated to grow significantly, benefiting companies like Phunware.
Phunware Reports Q2 Revenue Drop
Revenue Performance: Phunware reported a significant decline in Q2 2025 revenue, falling to $0.455 million and missing analyst expectations by 44.9%, while gross margin improved to 43.9% due to recurring software revenue.
Strategic Focus: The company is investing in AI product innovations and expanding its customer base, with new bookings coming from new clients, although existing customer churn remains a challenge; no forward-looking financial guidance was provided.
Phunware Launches Two Hospitality-Specific Products
- Product Innovation: Phunware has launched two hospitality-specific products targeting luxury brands and full-service properties, designed to enhance guest experiences and revenue through modular, native mobile apps that address the complex needs of large hotels and resorts.
- User Experience Enhancement: The redesigned website showcases Phunware's advanced location and wayfinding capabilities aimed at removing friction for guests within hotels, thereby improving customer satisfaction and enhancing brand loyalty.
- Market Potential: With guest app adoption rates exceeding 70%, Phunware's software solutions are transforming static hotel stays into high-margin digital marketplaces, which is expected to significantly boost ancillary revenue for clients.
- Strategic Direction: CEO Jeremy Krol emphasized Phunware's commitment to changing the economics of large hotels by eliminating friction in guest experiences, demonstrating the company's scalability and repeatable business model in a multi-billion-dollar market.
Phunware Elects Ed Lu to Board, Enhancing Financial Leadership
- New Board Member: Phunware elected Ed Lu to its Board of Directors at the Annual Meeting on December 17, 2025, bringing over 14 years of experience in risk management and capital markets, which is expected to guide the company through strategic and financial transformations.
- CEO Re-election: Concurrently, Phunware re-elected Interim CEO Jeremy Krol to the Board, who has been steering the company's strategic direction and operational efficiency since joining in October 2025.
- Financial and Operational Expertise: Ed Lu currently serves as CFO and COO of Fandom, Inc., overseeing all financial and corporate development functions, and his extensive background is anticipated to help Phunware achieve hypergrowth during periods of technological and financial transformation.
- Strategic Value Enhancement: Board Chair Elliot Han noted that Lu's addition will create sustainable, long-term value for Phunware, particularly as his rich experience in M&A and capital markets transactions will provide crucial support for the company's future growth.
HC Wainwright & Co. Keeps Neutral Rating on Phunware, Reduces Price Target to $2
- Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
- Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters, enhancing their trading strategies.
- Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, sharing knowledge and strategies.
- Market Winning Tools: The platform is designed to help traders win in the markets every day with accurate stock market intelligence.
Phunware (PHUN) Posts Q3 Loss but Exceeds Revenue Projections
Quarterly Performance: Phunware reported a quarterly loss of $0.12 per share, better than the expected loss of $0.14, and showed an earnings surprise of +14.29%. Revenue for the quarter was $0.62 million, exceeding estimates by 16.70%.
Stock Outlook: Despite underperforming the market with a 54.6% decline this year, Phunware holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on earnings estimate revisions.
Industry Context: The Internet - Software industry, where Phunware operates, is currently ranked in the top 35% of Zacks industries, suggesting a favorable environment for stocks in this sector.
Comparative Analysis: DocuSign, another company in the same industry, is expected to report earnings of $0.92 per share, reflecting a year-over-year increase, with revenues projected at $806.13 million, indicating positive growth trends in the sector.
Rigetti Computing (RGTI) Jumps 9.8%: Is There More Growth Potential for the Stock?
Rigetti Computing Stock Performance: Rigetti Computing, Inc. (RGTI) shares rose 9.8% to $39.6, driven by investor optimism in quantum computing and potential U.S. government equity stakes in leading firms, enhancing Rigetti's market position.
Earnings Expectations: The company is projected to report a quarterly loss of $0.05 per share, with revenues expected to reach $2.39 million, reflecting a slight year-over-year increase.
Earnings Estimate Trends: The consensus EPS estimate for Rigetti has remained stable over the past month, indicating that stock price movements may be influenced by future earnings estimate revisions.
Phunware Overview: Phunware (PHUN) also saw a stock increase of 3.8%, with a consensus EPS estimate change of +2.1% for its upcoming report, while the semiconductor market is anticipated to grow significantly, benefiting companies like Phunware.
Phunware Reports Q2 Revenue Drop
Revenue Performance: Phunware reported a significant decline in Q2 2025 revenue, falling to $0.455 million and missing analyst expectations by 44.9%, while gross margin improved to 43.9% due to recurring software revenue.
Strategic Focus: The company is investing in AI product innovations and expanding its customer base, with new bookings coming from new clients, although existing customer churn remains a challenge; no forward-looking financial guidance was provided.
