Phunware shares fall 3.85% premarket after reporting a 25.9% decrease in revenue and a 62.4% increase in net loss for Q1 2025.

Phunware, Inc. declined 3.85% in premarket trading, following the release of its first quarter 2025 financial results. The company reported a revenue of $0.688 million, down from $0.921 million in the previous year, and a net loss of $3.72 million, compared to $2.29 million in the prior year. The loss per share was $0.18, down from $0.33 in the previous year.