Phunware Inc Stock Price, News & Analysis

Phunware, Inc. (NASDAQ: PHUN) announced a partnership with Intermarkets, Inc. to design and support the new Headlines+ website and mobile application. This collaboration highlights Phunware's Multiscreen-as-a-Service (MaaS) platform, enhancing news aggregation across multiple platforms including iOS and Android. The Headlines+ service aims to empower content publishers amidst increasing constraints by delivering curated news while monetizing through digital advertising. This strategic move is expected to bolster Phunware's market presence and attract more partners.

Phunware, Inc. (NASDAQ: PHUN) has launched a Ten Million PhunToken Sweepstakes alongside the new release of its PhunWallet for iOS and Android. The update enhances user engagement by allowing users to earn PhunToken (PHTK) through daily actions and custom referrals. Upcoming features scheduled for the next six months include creating user accounts, advanced profile options, team functionalities, and engagement enhancements. COO Randall Crowder emphasizes the company's commitment to a decentralized data economy that rewards active participation.

Phunware, Inc. (NASDAQ: PHUN) will host a fireside chat on October 7 at 1:00 PM ET, featuring COO Randall Crowder and market analyst Steve Grasso. The discussion will focus on Phunware's outlook for 2021, especially leading into Q4, alongside general business updates. Grasso, with extensive Wall Street experience, aims to provide insights into the company's strategic direction. The event will be broadcast live and available for replay on the company’s investor relations website.

Phunware (NASDAQ: PHUN) announced a contract win with Yavapai Regional Medical Center (YRMC) for a Multiscreen-as-a-Service (MaaS) digital front door application portfolio. This partnership aims to enhance mobile healthcare experiences by integrating multiple solutions into one cohesive platform. YRMC is a prominent not-for-profit healthcare system serving a vast geographical area. Phunware's solutions promise improved operational efficiencies and enhanced clinical outcomes, leveraging features like mobile engagement, real-time navigation, and analytics.

Phunware (NASDAQ: PHUN) has announced the acquisition of Lyte Technology for up to $10.32 million, combining cash and stock. The deal includes $3.32 million in cash at closing, with $7 million contingent on performance within a year. This acquisition aims to enhance Phunware's blockchain initiatives, offering a strategic distribution network and generating revenue. Founded two years ago, Lyte Technology specializes in high-end computer systems for gaming and cryptocurrency markets. Integration is expected to be completed in 30-45 days, relocating Lyte's operations to Austin, Texas.

Phunware, Inc. (NASDAQ: PHUN) has announced the appointment of Ryan Costello and Rahul Mewawalla to its Board of Directors, effective October 1, 2021. Costello brings experience from his tenure in Congress, focusing on digital commerce, while Mewawalla's extensive background in technology leadership is expected to enhance the company's strategic direction. These additions are anticipated to strengthen Phunware’s advocacy and healthcare verticals and support its blockchain-enabled initiatives. This change comes as Lori Tauber Marcus steps down to pursue other opportunities.

Phunware, Inc. (NASDAQ:PHUN) has announced its participation in the 10th Annual Gateway Conference on September 8-9, 2021. The company will present virtually on September 8 at 3:00 p.m. Eastern time, with one-on-one meetings available throughout the event. Attendees can access the live webcast and replay via the provided link. Phunware is recognized for its Multiscreen-as-a-Service (MaaS) platform, aiding brands in creating impactful mobile experiences for consumers. For further inquiries, email conference@gatewayir.com.

Phunware, Inc. (NASDAQ: PHUN) and Kontakt.io announced a collaboration with Virginia Hospital Center (VHC) to enhance mobile healthcare delivery. This partnership will implement VHC's Digital Front Door, covering over 850,000 square feet of medical space, enabling services like appointment scheduling and telehealth via a feature-rich mobile app. The innovative solution facilitates patient navigation and improves operational efficiencies, supporting VHC’s commitment to quality care. This initiative reflects Phunware's goal to transform healthcare interactions through advanced mobile technology.

Phunware, Inc. (NASDAQ: PHUN) has announced the launch of PhunCoin, a security token aimed at empowering consumers through data control and fair compensation. This innovative cryptocurrency leverages Phunware's global presence and mobile engagement expertise, with a customer data platform managing around one billion active devices monthly. CEO Alan Knitowski emphasized the need for transparency in data usage, noting that PhunCoin will facilitate consumer ownership of their data. PhunCoin’s compliance is ensured via Securitize, a blockchain-based SEC-registered transfer agent.