Phunware

Phunware has appointed Dmitry Kroshka as chief executive officer with immediate effect; Jeremy Krol returns to the role of chief operating officer. The company has engaged Build Something Product Group and Michael Cerdá as senior product leader to drive product strategy and AI-driven transformation. Phunware reports strong customer retention rates above 95% and a liquid balance sheet with more cash than debt; the company was recently unprofitable, but analysts expect revenue growth of about 37% in 2026. The AI Concierge was commercially launched and its usage is roughly 40% above internal forecasts, indicating rising product momentum. » More on de.investing.com

Phunware has unveiled a redesigned website and the product lines "Luxury Engagement" and "Enriched Experience," aimed at delivering personalized digital guest experiences and deeper interactions in full-service hotels and resorts. The offerings use location and wayfinding features to boost engagement and ancillary revenue; the company reports app usage rates above 70% in properties using its hospitality software. With the product push, Phunware is pursuing a focus strategy, but despite this faces significant challenges after a recent 33% revenue decline and is considered undervalued in fair-value estimates. » More on de.investing.com

At the annual meeting, shareholders elected Jeremy Krol and Ed Lu as Class-I directors with terms through 2028. CBIZ CPAs P.C. was confirmed as the independent, registered public accounting firm for the fiscal year ending December 31, 2025. The non-binding advisory vote on executive compensation was approved and a majority supported annual say-on-pay votes. Phunware also reported a revenue decline in Q3 2025, H.C. Wainwright cut its price target to $2.00 while maintaining a "Buy" rating, Elliot Han was named chairman of the board, and Jeremy Kidd departed the company. » More on de.investing.com

Phunware announced that Jeremy Kidd, senior vice president and head of sales, has left the company with immediate effect. The separation occurred without reasons given; his former direct reports now report directly to the interim CEO. Phunware and Kidd agreed to a termination and severance agreement totaling USD 90,000. The company does not plan to refill the position for the time being. » More on de.investing.com

Phunware has appointed Elliot Han effective October 2025 as chairman of the board and of the audit committee; Han will also remain chair of the compensation committee. Han brings experience from roles at C1 Fund, PGP Capital Advisors, Cantor Fitzgerald, NYSE and Goldman Sachs. The company is developing new products in generative AI, reported a revenue decline for Q3 2025 but a slight sequential revenue increase, and H.C. Wainwright cut the price target to $2.00 while keeping the rating at Buy. » More on de.investing.com