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 (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.
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Phunware, Inc. (NASDAQ: PHUN) announced a collaboration with Cox Communications to enhance healthcare services through Phunware's Digital Front Door. This integrated solution aims to improve patient experiences by providing mobile engagement features, real-time navigation, and analytics, thereby streamlining operations in healthcare facilities.
George Valentine from Cox emphasized the importance of data and connectivity in improving patient outcomes. The partnership further integrates with Cox's Prosight smart hospital solution, aiming for a cohesive and efficient healthcare experience.
Phunware, Inc. (NASDAQ: PHUN) announced the launch of its MaaS Smart City Solution for Pasadena, Texas, aimed at enhancing citizen engagement and emergency management. This mobile application provides residents with critical real-time information regarding emergencies, including pandemic alerts and natural disasters. Mayor Jeff Wagner emphasized the importance of mobile technology in keeping citizens informed and connected with municipal services. Phunware's solution supports improved interaction and resource management for city officials and residents, contributing to a safer community.
Phunware reported its Q2 2021 financial results, showing net revenues of $1.4 million and a net loss of $8.3 million, translating to a loss per share of $0.12. Despite the challenges posed by the pandemic, the Company highlighted operational momentum with new product launches and an increase in customer backlog. Significant developments include a multi-year distribution agreement with a Fortune 500 partner and the launch of the blockchain-enabled Mobile Loyalty Ecosystem. The Company remains optimistic about future growth opportunities.
Phunware (NASDAQ: PHUN) will hold a conference call on August 12, 2021, at 5:00 p.m. Eastern time to discuss its second-quarter financial results for the period ending June 30, 2021. A press release with the financial results will precede the call. Interested parties can access the call via U.S. dial-in at 844-369-8774 or international dial-in at 862-298-0844. The call will include a question and answer session following management's presentation. For more information, visit phunware.com.