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, 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.
Phunware, a cloud platform for mobile, announced the launch of its PhunToken (PHTK) liquidity pool rewards program on Uniswap V2. This program incentivizes liquidity providers by offering rewards in PHTK for locking ETH and PHTK for at least 30 days. The initiative aims to enhance the liquidity and decentralization of PhunToken, with the first rewards distributed in April. To participate, liquidity providers must complete a KYC/AML verification and provide a minimum liquidity of 1 ETH and 1 ETH equivalent in PHTK. Future similar initiatives are planned for other decentralized exchanges.
Phunware, a mobile enterprise cloud platform, will participate in the HIMSS Global Health Conference & Exhibition in Orlando, Florida, from March 14-18, 2022. The conference connects healthcare professionals for education and innovation.
Phunware's sales team will showcase their Digital Front Door Solution at Booths from Kontak.io and COX. The HIMSS22 event draws a variety of attendees, including CIOs, executives, and IT professionals, focusing on reimagining health and wellness.
AUSTIN, Texas, Feb. 07, 2022 - Phunware (NASDAQ: PHUN) announced a strategic partnership with Campaign Nucleus to enhance its Smart Advocacy Solution for mobile platforms. This collaboration aims to integrate AI capabilities to support center-right political candidates and organizations. The Smart Advocacy Solution, previously utilized in the Trump 2020 campaign, offers features for audience engagement and voter management. Initial efforts will focus on U.S. political activities, with potential expansion internationally. This partnership underscores Phunware's commitment to leveraging technology in modern political advocacy.