Phunware Issues Shareholder Letter and Corporate Update
Key Highlights
- ➤Phunware (PHUN) shifts from mobile apps to AI-enabled B2B intelligence platform
- ➤AI Concierge adoption reached 70% of app users; questions ran 40% above plan
- ➤Hospitality market expands from 3,000–4,000 resorts to 30,000–40,000 properties
- ➤Nearly 300 leads and 50+ meetings generated since June 2026
- ➤Phunware reports ample liquidity, no debt, but continues operating at a loss
Expert Statements
Dmitry Kroshka, Chief Executive Officer of Phunware
“We intend to complete the evolution of Phunware from a wayfinding and enterprise app developer to an AI enabled B2B intelligence platform capable of scale through our Phunware 2.0 strategy, starting with hospitality and healthcare customers.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“We give operators what they want most: the ability to reach guests in the moment, understand what guests are doing and want to do, and turn foot traffic into incremental revenue.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“Phunware 2.0 is the reset of Phunware from an enterprise mobile app development company to a data and intelligence platform company.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“By combining real-time location intelligence with guest behavior and engagement data, Phunware can deliver personalized recommendations when and where they are the most relevant to act in the moment.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“Our technology stack and modular product build is designed to scale to other complex domains, including healthcare, where 90% of the technology is shared with our hospitality offering.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“We have moved past wayfinding, and are in discussions with major flags for the 2.0 platform, with consumer-facing components delivered as modules within their existing system.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“Phunware’s balance sheet is healthy, and we have ample liquidity and carry no debt.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“Our fixed cost base remains large relative to revenue, and we continue to operate at a loss.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“Organic growth comes first.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“Acquisitions come second, pursued selectively, and only where a deal gets Phunware 2.0 to market faster or better than we could accomplish on our own.”
Dmitry Kroshka, Chief Executive Officer of Phunware
“While we are early and there is a lot left for Phunware to prove, we have a clear strategy, a team built to execute it, and early customer evidence that it works.”
CEO Dmitry Kroshka Provides Updates on Phunware 2.0, Including Recently Launched AI Concierge, Recently Announced Itinerary Planner, and its AI-Forward Development Process
Highlights Go-Forward Plan, Meaningful Milestones, and Growth Priorities
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