Welcome to our dedicated page for Phunware news (Ticker: PHUN), a resource for investors and traders seeking the latest updates and insights on Phunware stock.
Phunware reports developments tied to its enterprise cloud platform for mobile-first software products, solutions, data, and services that enable brands to engage, manage, and monetize mobile audiences. Company updates commonly cover software subscriptions and services, advertising activity, customer momentum, revenue trends, gross margin, cash use, and non-GAAP operating measures.
Recent news also reflects Phunware’s focus on hospitality and related mobile experiences, including AI Concierge, on-property mapping, live wayfinding, guest engagement, and customer deployments in hospitality and healthcare. Governance updates, annual meeting matters, board appointments, and leadership changes are recurring corporate themes for PHUN.
Phunware reported Q3 2022 revenues of $4.8 million, demonstrating a remarkable growth of over 120% year-over-year. The Multiscreen-as-a-Service platform accounted for $1.3 million of the revenue, while hardware sales contributed $3.5 million. Despite these gains, the company incurred a net loss of $8.0 million, equating to a loss per share of $0.08. Phunware has raised its revenue guidance for the year, anticipating around $22.5 million, or a 225% increase from the previous year. Their MaaS backlog is approaching $8 million, reflecting strong business momentum.
Phunware (NASDAQ: PHUN) will participate in the Roth 11th Annual Technology Event, scheduled for November 16, 2022, at The Yale Club in New York City. The event will feature in-person one-on-one and small group meetings with around 50 technology companies, allowing investors to interact with executive management from various sub-sectors. Phunware, a leader in digital transformation, aims to enhance mobile-first engagement.
For additional information or to schedule meetings, contact PHUN@gatewayir.com.
Phunware's LYTE division launches a "No Build Fee" Black Friday Sale throughout November 2022. Customers can save $100 on PC builds and receive a 5% discount on build kits. Additionally, the sale includes interactive opportunities such as spinning an upgrade wheel for free enhancements and eligibility for a golden ticket to win premium hardware. This promotional initiative aims to make PC purchases more affordable for gamers and crypto enthusiasts during the holiday season.
Phunware, Inc. (NASDAQ: PHUN) has announced a three-year contract renewal and expansion to provide its digital front door and location-based services to Parkview Health, covering 10 hospitals across over 1.7 million square feet. This partnership aims to enhance patient experiences through mobile engagement tools, including real-time indoor positioning and appointment notifications. Key features will be implemented at Parkview's Randallia campus starting early 2023.
Phunware (NASDAQ: PHUN) will host a conference call on November 10, 2022, at 4:30 p.m. Eastern time to discuss its third-quarter financial results for the period ending September 30, 2022. The call will feature management commentary followed by a Q&A session. Interested parties can join by dialing 888-506-0062 in the U.S. or 973-528-0011 internationally. A live broadcast and replay of the call will be available through the Company's investor relations website. Phunware continues to support brands with a robust enterprise cloud platform for mobile solutions.
Phunware, Inc. (NASDAQ: PHUN) announced that its 2022 Annual Meeting of Stockholders, held on October 14, 2022, was adjourned due to a lack of quorum. The meeting will reconvene virtually on November 4, 2022, allowing stockholders additional time to vote on proposals previously outlined in the Proxy Statement filed with the SEC on August 31, 2022. Proxies submitted will remain valid unless revoked, and stockholders need not act if they do not wish to change their vote. The Board recommends voting 'FOR' proposals one through four and 'THREE YEARS' for proposal five.
Phunware, Inc. (NASDAQ: PHUN) announced its participation in key financial conferences scheduled for September 2022. The company will present at the 2nd Annual Needham Virtual Crypto Conference on September 8, 2022, and the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. Presenters include COO Randall Crowder and CEO Alan Knitowski, with one-on-one meetings offered throughout these events. Phunware continues to enhance its mobile cloud platform, impacting over one billion active devices each month.
Phunware announced a remarkable Q2 2022 financial performance, reporting revenues of $5.5 million, reflecting a growth of 282% year-over-year. The company reaffirmed its 2022 revenue guidance, projecting 250% growth, equating to $25 million. However, Phunware faced a net loss of $(17.1) million, including a $(12.2) million impairment of digital assets. Despite this, improvements in gross margins and ongoing product developments, such as PhunToken's availability on Uniswap, signal a strong operational momentum heading into the second half of the year.
Phunware, Inc. (NASDAQ: PHUN) will announce its financial results for Q2 2022 on August 11, 2022, during a conference call at 4:30 p.m. Eastern time. The Company offers an enterprise cloud platform for mobile, serving major brands worldwide. A live broadcast of the conference call will be available, along with a replay starting at 8:00 p.m. Eastern time on the same day through August 25, 2022. Investors are encouraged to dial in 10 minutes early to ensure connection.
Phunware, Inc. (NASDAQ: PHUN) has announced that its Smart Advocacy Solution will integrate social media capabilities with Twitter.
This integration aims to assist politicians and advocacy groups in managing content effectively as they prepare for the 2022 Midterm Elections and the 2024 Presidential Election. Users can curate tweets in-app, enhancing control over displayed content amid challenges from spam bots and fake accounts on larger platforms. The company emphasizes the importance of authenticity and messaging in political engagements.