Phunware Inc Stock Price, News & Analysis

Phunware (NASDAQ: PHUN) will participate in two key financial conferences in May 2022. The company is set to virtually present at the 17th Annual Needham Technology & Media Conference on May 18, 2022, at 3:45 p.m. Eastern Time, with one-on-one meetings scheduled throughout the event. Additionally, they will present at the H.C. Wainwright Global Investment Conference on May 25, 2022, at 10:30 a.m. Eastern Time. Key executives, including CEO Alan Knitowski and CFO Matt Anne, will represent Phunware.

Phunware, Inc. (NASDAQ: PHUN) announced its collaboration with Moneta Advisory Partners to enhance its visibility as a leader in Data-Driven Consumer Engagement. Jon Najarian, co-founder of Moneta, emphasized the transformative potential of Phunware's data-driven platform and blockchain technology for enterprise clients. Phunware’s COO, Randall Crowder, highlighted a projected 250% YoY revenue growth in Q1 and Q2 of 2022, with an anticipated revenue target of at least $25 million. The company recently launched PhunToken (PHTK), aiming to broaden its reach in crypto and investor communities.

Phunware (NASDAQ: PHUN) announces a conference call scheduled for May 12, 2022, at 4:30 PM ET to discuss its Q1 2022 financial results. The call will follow a press release detailing the financial outcomes for the quarter ending March 31, 2022, released earlier that day. Interested parties can participate by dialing in 10 minutes before the start time. A live broadcast and replay will be available through the Company's investor relations website.

Phunware has appointed Matt Lull as its first Executive Vice President and Chief Cryptocurrency Officer, effective April 18, 2022. With over 30 years of experience in technology and finance, Lull is expected to enhance Phunware's strategic initiatives in software, hardware, cloud, and decentralized finance (DeFi). His extensive background includes significant roles at Citrix Systems, where he founded the cloud computing partner ecosystem. Lull's expertise is anticipated to drive Phunware's growth in the rapidly evolving cryptocurrency sector.

Phunware, Inc. (NASDAQ: PHUN) has established a strategic partnership with Accion Labs, an innovation engineering company, to enhance its Multiscreen-as-a-Service (MaaS) platform. Accion will act as a preferred partner in implementing and customizing MaaS for clients seeking mobile solutions in digital transformation. This collaboration aims to extend Phunware's reach in 22 countries, leveraging Accion's infrastructure and expertise to drive operational efficiency and maximize ROI for clients. This partnership positions Phunware favorably in the mobile technology market.

Phunware, Inc. (NASDAQ: PHUN) announced the hiring of Christopher Olive as the Executive Vice President, General Counsel, and Chief Legal Officer, effective April 1, 2022. Olive brings over 20 years of legal experience, including significant expertise in corporate, finance, and regulatory matters. Alan S. Knitowski, CEO, emphasized the importance of Olive’s diverse background in enhancing the company's legal capabilities at a crucial time. Olive's previous roles include a partner at Bracewell LLP and service in the U.S. Army Judge Advocate General’s Corps.

Phunware announced that PhunToken (PHTK) is now available on Uniswap, expanding its accessibility. Users need to import PHTK using its contract address before trading. Additionally, a new website for PhunToken has launched, featuring streamlined interfaces for user-generated content, liquidity deposits, and yield farming opportunities. CEO Alan Knitowski emphasizes the company's goal of mainstream crypto adoption by enhancing brand-consumer engagement. Brands can leverage PhunToken for loyalty programs and consumers earn tokens through various activities, enabling interactive marketing.

Phunware, Inc. reported preliminary financial results for the year ending December 31, 2021, with net revenues of $10.6 million. The company highlighted a significant 250% year-over-year revenue growth forecast, driven by its Multiscreen-as-a-Service (MaaS) platform and the acquisition of Lyte Technology, which boosted revenue streams. However, it posted a net loss of $(53.5 million) and a net loss per share of $(0.71). Management expressed optimism regarding future growth and strategic investments but noted an ongoing audit process for the reported financial results.

AUSTIN, Texas, March 16, 2022 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) has announced new measures to enhance shareholder value, including a simplified online form allowing shareholders to instruct brokerages not to lend out their Phunware securities (PHUN and PHUNW). This initiative aims to combat short selling practices that may negatively affect stock prices. CFO Matt Aune emphasized that retail investors can restrict the availability of their shares to short sellers, echoing recent events with companies like GameStop.