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 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.
Phunware reported its Q1 2021 financial results, with net revenues of $1.6 million and gross margin at 58.0%. The company's Multiscreen-as-a-Service (MaaS) platform generated $1.5 million in subscriptions and services revenue. However, Phunware faced a net loss of $(12.4 million) or $(0.19 per share). On a positive note, cash on hand reached a record high of $23.5 million, following the elimination of 2020 convertible notes and the initiation of a $25 million At-The-Market offering. The company aims to leverage blockchain technology to enhance its mobile ecosystem.
Phunware, Inc. (NASDAQ: PHUN) has officially launched the PhunToken Purchase Portal, enabling sales of its cryptocurrency, PhunToken (PHTK), to consumers and brands. PhunToken plays a crucial role in Phunware's Mobile Loyalty Ecosystem, rewarding users for engaging with brand content and enhancing loyalty through its Multiscreen-as-a-Service platform. The tokens can also be obtained through brands using the PhunToken MaaS Loyalty SDK. Additionally, the PhunWallet is set to launch soon on major app stores, facilitating token management for users.
Phunware, Inc. (NASDAQ: PHUN) will host a conference call on May 13, 2021, at 5:00 p.m. Eastern time to discuss its Q1 2021 financial results. The earnings release will precede the call. Participants can join by calling 844-369-8770 for U.S. callers or 862-298-0840 for international attendees. The call aims to provide insights into the company's financial performance and future outlook, followed by a Q&A session. Investors can access the live broadcast through the company's website.
Phunware (NASDAQ: PHUN) announced a partnership with Infinite Leap to enhance healthcare operations through a digital front door on mobile. This solution integrates real-time technologies for improved asset management and patient coordination. Infinite Leap, recognized among America's fastest-growing companies, will help Phunware's cloud-based platform deliver essential healthcare features, including mobile engagement, indoor positioning, and appointment notifications. The collaboration aims to streamline healthcare experiences for providers and patients alike.
Phunware, Inc. (NASDAQ: PHUN) announced its participation in upcoming virtual financial conferences in Q2 2021. Key events include the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27 and the Needham Virtual Technology & Media Conference from May 17-20. Additionally, Phunware will engage in a fireside chat at the Northland Capital Markets Customer Engagement SaaS Conference on June 16. This activity highlights the company's strategy to enhance visibility and engagement with investors in the evolving mobile technology landscape.
Austin-based Phunware, Inc. (NASDAQ: PHUN) has launched its Data Software Development Kit (SDK) for both Apple iOS and Google Android platforms. This SDK enables third-party mobile applications to reward users with PhunCoin for their data. The release supports the broader launch of Phunware's blockchain-enabled Customer Data Platform, enhancing consumer control over their data and compensation for sharing it. CEO Alan S. Knitowski emphasized the importance of data transparency and accountability. This announcement follows the recent launch of Phunware's Loyalty SDK on both platforms.
Phunware, Inc. (NASDAQ: PHUN) has launched its Loyalty Software Development Kit (SDK) for Apple iOS and Google Android. This SDK enables third-party mobile applications to issue PhunToken and integrates into existing mobile apps for enhanced customer engagement. The launch supports Phunware's Multiscreen-as-a-Service (MaaS) Mobile Loyalty Ecosystem, which aims to incentivize user participation and loyalty. Additionally, a Data SDK is expected later this month, allowing app publishers to reward users for their data with PhunCoin.