Phunware Q1 FY26 net loss narrows to USD 3.2 million; revenue drops 21% to USD 542,000

PUBT·05/07/2026 20:35:31

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Phunware posted Q1 2026 net revenue of USD 542,000, down 21% year over year.
Gross margin rose 18.6 percentage points to 70.8%.
Net loss narrowed to USD 3.2 million; loss per share improved to USD 0.16.
Net cash used in operations fell to USD 2.7 million; cash and cash equivalents totaled USD 97.9 million at March 31, 2026.
During quarter, Phunware introduced two hospitality-focused product tiers, advanced AI Concierge from pilot to commercial release, and said it is rebuilding its commercial engine with new sales leadership and modernized demand generation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phunware Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605071605PRIMZONEFULLFEED9715674) on May 07, 2026, and is solely responsible for the information contained therein.

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