Phunware Inc. (PHUN, Financial) announced its first-quarter 2025 revenue figures, reporting $688,000, which exceeded market expectations of $675,000. The company attributed this success to a significant increase in mobile software subscriptions and services, bolstered by new customer acquisitions and innovative bookings.
The interim CEO highlighted the importance of AI-related projects during this period. Notably, Phunware achieved a gross margin of 52%, demonstrating strong financial performance. A notable achievement was the launch of an integrated conference solution for an existing hospitality client, featuring dynamic wayfinding and mobile engagement messaging among other services.
Additionally, Phunware rolled out a comprehensive application for a major resort and entertainment venue to enhance guest experiences within the hospitality industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Phunware Inc (PHUN, Financial) is $6.31 with a high estimate of $12.00 and a low estimate of $3.00. The average target implies an upside of 102.32% from the current price of $3.12. More detailed estimate data can be found on the Phunware Inc (PHUN) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Phunware Inc's (PHUN, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Phunware Inc (PHUN, Financial) in one year is $1.38, suggesting a downside of 55.77% from the current price of $3.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Phunware Inc (PHUN) Summary page.
