Phunware Inc - PHUN STOCK NEWS

Nativo has announced the appointment of Marcus Chan as Senior Vice President and Head of Finance, strengthening its executive leadership team. Chan brings extensive experience in corporate finance, M&A, capital markets, and investor relations to support Nativo's strategic growth initiatives.

Chan previously served as Vice President of Finance at Phunware (PHUN), where he spearheaded financial strategy and fundraising efforts, notably contributing to the company's public market debut and Nasdaq listing. His background includes finance roles at MobileIron, Silicon Graphics International Corp., and Rackable Systems.

This appointment is part of a broader executive leadership transformation at Nativo, following the September 2024 hiring of Michael Lehman as President, Sam Amiri as Chief Revenue Officer, and Gena Schirer as Senior Vice President, Sales – West.

Phunware (NASDAQ: PHUN) has appointed Quyen Du to its Board of Directors as an independent director, effective February 28, 2025. Du brings 25 years of experience in strategy and corporate development, joining the company's Audit, Compensation, and Nominating and Corporate Governance Committees.

Du's extensive background includes leadership roles at major media companies, most recently serving as Head of Corporate Strategy & Development at Condé Nast. Her experience spans corporate strategy, finance, M&A, and business development at companies including Fandom, NBC Universal, Disney, and Showtime.

The appointment fills a Class III director seat vacated in October 2024 following CEO Michael Snavely's resignation. The move is strategically timed to address Nasdaq compliance issues, as the company received a delisting notification for failing to hold its 2024 Annual Shareholder Meeting. Phunware has submitted a compliance plan to Nasdaq, including Du's nomination for formal election as Class III director.

Phunware, a leader in enterprise cloud solutions for mobile applications, has announced that CEO Stephen Chen will participate in the 37th Annual ROTH Conference taking place March 16-18, 2025 at the Laguna Cliffs Marriott Resort & Spa in Dana Point, California.

During this invitation-only event, Chen will hold one-on-one meetings with institutional investors on site. Investors interested in scheduling meetings with Phunware management can contact their conference representative or reach out directly via email at PHUN@mzgroup.us, or by calling Chris Tyson at (949) 491-8235.

Phunware (NASDAQ: PHUN) continues to position itself as a key player in the mobile application cloud solutions space through strategic investor relations initiatives.

Phunware (NASDAQ: PHUN) has appointed Jeremy Krol as Chief Operating Officer (COO), effective February 10, 2025. Krol, who joined the company in June 2024 as Fractional COO, brings over 20 years of experience in engineering, finance, and technology startups.

In his new role, Krol will oversee company operations to ensure business scalability and alignment with objectives. His expertise includes optimizing business operations, integrating technology with market needs, and leading teams through complex transitions. He specializes in implementing the Entrepreneurial Operating System framework and has a background in working with tech startups and SMBs, focusing on scaling challenges, go-to-market strategies, and business model development.

Phunware has released a comprehensive guide based on a survey of 780 U.S. travelers, revealing important insights about resort guests' digital preferences. The survey, conducted between August and September 2024, shows that 82% of guests believe mobile apps would improve their resort experience, while 77% prioritize personal data protection.

Key findings indicate that 83% of guests are likely to provide feedback via mobile apps, and 95% support real-time updates on activities. The study highlights that 64% of guests prioritize ease of booking, while 56% value booking convenience. Additionally, 65% of respondents believe mobile app engagement enhances their perception of a resort's commitment to guest experience.

Phunware (NASDAQ: PHUN) announced its participation in the 13th Annual ROTH Technology Conference at the Hard Rock Hotel in New York City on November 20, 2024. Interim Chief Executive Officer Stephen Chen will conduct one-on-one meetings with institutional investors during this invitation-only event.

The conference will take place at the Hard Rock Hotel, located at 159 W 48th St, New York. Interested institutional investors can schedule meetings through their conference representative or by contacting PHUN@mzgroup.us or Chris Tyson at (949) 491-8235.

Phunware (NASDAQ: PHUN) reported Q3 2024 financial results, showing improved net loss from continuing operations at $2.8 million ($0.25 per share) compared to $13.7 million ($5.72 per share) in Q3 2023. Operating cash burn decreased to $10.4 million from $14.6 million year-over-year. The company's cash position strengthened to $110 million as of November 6, 2024, boosted by ATM financing. Year-to-date software and subscription bookings increased 300% over the prior year. Recent developments include the appointment of Stephen Chen as Interim CEO and Rahul Mewawalla as Chairman, along with plans to acquire a controlling interest in MyCanvass,

Phunware (Nasdaq: PHUN) has appointed Rahul Mewawalla as Chairman of the Board, effective immediately. Mewawalla, who has served as a director since October 2021, will guide the leadership team and drive corporate strategy to accelerate expansion and innovation, particularly in generative AI, predictive analytics, and cloud-based services. The appointment aims to leverage his experience from Fortune 500 and Silicon Valley technology companies to enhance Phunware's growth initiatives.

Phunware (NASDAQ: PHUN) announces its upcoming Third Quarter 2024 financial results release scheduled for Thursday, November 7, 2024, after U.S. market close. The company will host a conference call at 4:30 p.m. ET to discuss quarterly results, recent leadership changes, ongoing initiatives, and upcoming milestones. The call will include management remarks followed by a Q&A session. U.S. participants can dial 1-888-506-0062 (international: 973-528-0011) using code 704558. A live webcast and replay options will be available, with the telephonic replay accessible until November 21, 2024.