Phunware (PHUN) investor relations material

Company overview and business model

• Specializes in mobile application software, services, and mobile-app advertising, offering a cloud-based platform for digital engagement, management, and monetization of mobile app portfolios and audiences.

• Provides recurring software license subscriptions, application development, support services, and in-app advertising, with revenue models based on subscriptions and ad impressions.

• Focuses on vertical solutions for hospitality, healthcare, retail, sports, aviation, real estate, and education, with modular SDKs and AI-enabled capabilities.

• Sells primarily through an internal sales team and partners such as value-added resellers and systems integrators.

Financial performance and metrics

• As of May 19, 2026, public float was approximately $46.1 million, based on 20,231,784 shares held by non-affiliates at $2.28 per share.

• Historical net tangible book value as of March 31, 2026, was $4.62 per share; after the offering, as adjusted, it would be $3.87 per share.

• The offering could result in immediate accretion in net tangible book value of $1.89 per share to new investors at the assumed price.

Use of proceeds and capital allocation

• Net proceeds are intended for general corporate purposes, including working capital, capital expenditures, R&D, administrative expenses, and potential acquisitions or investments.

• Management retains broad discretion over allocation and timing of use of proceeds.