Phunware announces AI SaaS platform; H1 bookings up 939% to $1.7M, net loss improves

Phunware, Inc.

Bookings H1 2024 $1,746K (+939% YoY); revenue $1,932K (-27%); gross profit $994K (+63%).
Net loss from continuing ops ($4,923K), improved 39% YoY; company has zero debt.
New generative AI SaaS platform to enable rapid custom mobile app development, launch mid-2025.
Plans to relaunch programmatic advertising and integrate AI personalization into digital ad platform.
Will invest in AI-powered voter/advocacy engagement apps, building on 2020 Trump campaign app.

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