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 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.
Phunware, a mobile enterprise cloud platform provider, announces its partnership with Steve Grasso of Grasso Global, Inc. for enhanced investor relations. Grasso aims to connect Phunware with institutional investors and strengthen financial strategies. CFO Matt Aune expresses confidence that Grasso's expertise and connections will maximize shareholder value. Phunware, recognized for its Multiscreen-as-a-Service model, serves over one billion active devices monthly, offering comprehensive solutions for mobile customer engagement.
Phunware, Inc. (NASDAQ: PHUN) has finalized a licensing deal for its Multiscreen-as-a-Service platform with a leading pediatric health system in the U.S. This collaboration aims to enhance patient and visitor experiences through a digital front door mobile application. The customer seeks to employ digital innovation for better resource management and clinical outcomes. Phunware’s mobile solutions promise to simplify navigation, integrate with Electronic Health Records, and improve patient engagement, marking a significant step in its healthcare sector strategy.
Phunware, Inc. (NASDAQ: PHUN) announced a licensing deal for its Smart Hospitality Solution with a major international luxury resort, aimed at enhancing guest experiences and operational efficiencies post-pandemic. The solution includes location-based services, mobile engagement, analytics, and content management, which will help the resort engage guests, streamline operations, and reduce costs. The CEO emphasized the importance of mobile solutions in adapting to safety and experience challenges.
Phunware, Inc. (NASDAQ: PHUN) announced a licensing agreement for its Smart Residential Solution with Regent Square, a mixed-use development in Houston. This partnership, alongside GID and MKT Consulting, aims to enhance luxury living experiences through mobile technology. The Smart Residential Solution will offer amenities like keyless entry and event registrations, promoting digital transformation in residential management. Regent Square features 300,000 square feet of retail, 200,000 square feet of office space, and 1,500 residences.
Phunware has launched the Ten Million PhunToken Sweepstakes to celebrate the release of its PhunWallet mobile app, available on both iOS and Android. Participants can earn daily entries to win one million PhunToken, with ten winners selected by the end of July. The company aims to provide an innovative platform that compensates consumers for their data while promoting brand-consumer connections. PhunWallet supports a blockchain-enabled ecosystem facilitating data exchange and loyalty, potentially impacting user engagement and brand loyalty.
Phunware, Inc. (NASDAQ: PHUN) announced its inclusion in the Russell Microcap® Index, effective June 28, 2021. This membership enhances the company's equity profile among investors and provides automatic inclusion in growth and value style indexes. CEO Alan Knitowski highlighted this as a significant milestone in their growth journey, alongside the launch of the PhunWallet app and a global distribution agreement with a major tech company. Russell indexes are essential for investment managers, with $10.6 trillion in assets benchmarked against them.
AUSTIN, Texas, June 08, 2021—Phunware (NASDAQ: PHUN) announced the launch of its new mobile application, PhunWallet, on Google Play for Android. This cryptocurrency wallet facilitates Phunware's blockchain data exchange and mobile loyalty ecosystem, utilizing PhunCoin and PhunToken. PhunWallet allows users to manage purchases, earn tokens through engagement activities, and discover brands tailored to personal interests. The iOS version is expected by month-end, pending App Store approval. The app aims to drive the mainstream adoption of Phunware's dual token economy.
Phunware (NASDAQ: PHUN) will engage in a fireside chat on June 3rd at 12:00 PM ET with market analyst Kenny Polcari, hosted by COO Randall Crowder. The discussion will focus on the company’s outlook for 2021 and its go-to-market strategy emphasizing indirect channel partners. The chat is accessible live and for replay via the investor relations section of Phunware’s website. Founded on the Multiscreen-as-a-Service (MaaS) platform, Phunware provides mobile cloud solutions aimed at enhancing engagement for brands worldwide.