Phunware, Inc. (PHUN)

Phunware's stock price experienced a significant decline over the past year. Key events impacting the stock in the past six months include leadership changes in July 2025, the Q2 2025 earnings report showing a revenue decline but improved gross margin and net loss per share, the Q3 2025 earnings report showing a decrease in net revenue but improved net loss and net loss per share, a Nasdaq non-compliance notification in October 2025, board appointments in December 2025, and daily stock price fluctuations.

While specific details on the demand seasonality for Phunware's products and services are not explicitly provided, the company's focus on the hospitality and healthcare sectors could imply some seasonal variations. Demand from the hospitality industry might align with peak travel seasons or major industry events. The company's investor relations materials indicate that mean and median monthly returns are displayed to identify seasonal patterns in the stock, but these patterns for product and service demand are not detailed.

Phunware, Inc. is an enterprise cloud platform company specializing in mobile solutions, with a strategic pivot towards AI-driven SaaS offerings. The company operates in the Technology sector, specifically in the Application Software industry, encompassing mobile software, generative AI, agentic AI, and software publishing. Its core business model is primarily a SaaS subscription. Major products and services include the Multiscreen-as-a-Service (MaaS) platform, mobile app development, location-based services, digital advertising, data-driven engagement, generative AI tools, and PhunToken. Phunware primarily targets the enterprise healthcare and hospitality sectors, as well as civic engagement.

Phunware is headquartered in Austin, Texas, with additional offices in Irvine, San Diego, California, and Miami, Florida. The company operates in the United States and internationally, with its solutions powering mobile experiences for clients across North America, Europe, the Middle East, and the Asia-Pacific region.

Phunware has faced public scrutiny in the past, particularly related to its political advertising work and an SEC settlement with Uber in 2020. Since 2021, the company has focused on governance reforms, product innovation, and diversifying its client base to improve its reputation. The company's MSCI ESG score has been noted as "particularly poor," indicating challenges in its sustainability and ethical performance. Recent efforts to strengthen corporate governance include the appointment of new independent directors to the Board in December 2025.

Phunware's ownership structure is a mix of institutional, individual insider, and retail investors. Approximately 11.15% of the company's stock is owned by institutional investors, 0.07% by insiders, and 88.78% by public and individual investors. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. Major individual owners (insiders) include George Syllantavos and Eric Manlunas.