Phunware Inc Stock Price, News & Analysis

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.

Phunware (NASDAQ: PHUN) announced a conference call scheduled for March 23, 2022, at 5:00 p.m. ET to discuss its fourth-quarter and full-year financial results for 2021. The call will follow a press release revealing the financial outcomes prior to the call. Interested parties can participate via U.S. dial-in at 888-506-0062 or internationally at 973-528-0011 using access code 161657. A replay will be available following the call. This conference will likely address key metrics including earnings and revenue, impacting investor sentiment.

Phunware, Inc. (NASDAQ: PHUN) announced that the USPTO has issued a Notice of Allowance for its patent application US10038972B1 entitled “Monitoring Outdoor and Indoor Regions with Mobile Devices.” This patent enhances Phunware's core patent portfolio for its Multiscreen-as-a-Service (MaaS) platform, enabling improved indoor and outdoor tracking capabilities. The allowance is expected to help Phunware monetize its IP through licensing or legal enforcement, providing clients with precise tracking technology and maintaining competitive advantages in the market.

Phunware, Inc. (NASDAQ: PHUN) will participate in the 34th Annual ROTH Conference from March 13-15, 2022 in Laguna Niguel, California. Executives including President & CEO Alan Knitowski and CFO Matt Aune will hold one-on-one meetings and engage in discussions about blockchain technologies. The ROTH Conference is a leading event for small-cap companies, featuring over 550 participants and 5,100 attendees. Phunware offers a fully-integrated enterprise cloud platform aimed at enhancing mobile user experiences through its innovative solutions.