Phunware Inc Stock Price, News & Analysis

Phunware, Inc. (NASDAQ: PHUN) reported its financial results for the year ending December 31, 2020. The company transitioned to a high-margin SaaS business model, achieving net revenues of $10.0 million and gross margin of 66.4%. However, it faced a net loss of $22.2 million, equating to a loss per share of $0.50. The company is optimistic about its future with a recent institutional financing of approximately $25 million, enabling it to pursue growth initiatives and expand its global footprint. Notable partnerships were established in the healthcare sector, enhancing its service offerings.

Phunware, Inc. (NASDAQ: PHUN) will conduct a conference call on March 25, 2021, at 5:00 p.m. ET to discuss its financial results for Q4 and full-year 2020. The call will provide insights into the company's performance, with financial results to be released shortly before the call. A question and answer session will follow the management's presentation. Investors can access the call via dial-in numbers provided, and it will also be available for replay online. This event highlights Phunware's commitment to transparency and stakeholder engagement in their financial reporting process.

Phunware, Inc. (NASDAQ: PHUN) announces a partnership with Vizzia Technologies to enhance healthcare service delivery through a mobile digital front door solution. This collaboration leverages Vizzia's real-time location systems and Phunware's Multiscreen-as-a-Service (MaaS) platform to offer features including appointment reminders, indoor navigation, and integration with electronic health records like Epic. With Vizzia's 98% revenue growth over three years and recognition on the 2020 Inc. 5000 list, this partnership aims to streamline healthcare processes and improve patient care.

Phunware (NASDAQ: PHUN) will present at the 33rd Annual Roth Conference, taking place virtually from March 15-17. The management team has recorded their presentation, available for replay here. Phunware will also participate in one-on-one meetings throughout the event. Interested parties can reach out to their IR team at PHUN@gatewayir.com for more information.

Phunware, Inc. (NASDAQ: PHUN) has announced a five-year contract expansion for its Multiscreen-as-a-Service (MaaS) platform with Dignity Health, Yavapai Regional Medical Center (YRMC). This deployment marks the 40th facility to utilize Phunware’s MaaS Location Based Services (LBS) software, enhancing navigation and engagement across over 22 million square feet of medical facilities. The technology offers real-time indoor positioning and is ADA compliant, improving accessibility for all users. This partnership underscores Phunware's growth and commitment to digital transformation in healthcare.

Phunware (NASDAQ: PHUN) has completed its underwritten public offering of common stock, closing on February 12, 2021. The company sold 11,761,111 shares, generating approximately $24.7 million in net proceeds after deducting expenses. Northland Securities and Roth Capital acted as joint book-running managers for the offering. The offering was registered with the SEC, and the final prospectus supplement is accessible on their website. This transaction aims to bolster the company’s financial position and support future business strategies.

Phunware (NASDAQ: PHUN) announced a public offering of 11,111,111 shares at $2.25 per share, aiming to raise approximately $25 million, pending underwriter option. The offering, managed by Northland Securities and Roth Capital Partners, is scheduled to close on February 17, 2021. Proceeds will be utilized for redeeming convertible debt and general corporate needs. The company’s registration statement was effective as of February 11, 2021, with future risks noted in forward-looking statements.

Phunware (NASDAQ: PHUN) has announced the initiation of an underwritten public offering of its common stock, with an option for underwriters to purchase additional shares. The offering is subject to market conditions and may not proceed as planned. Proceeds will be allocated to redeem outstanding convertible debt and for general corporate use. The SEC has declared the registration statement effective as of February 11, 2021, and a preliminary prospectus will be filed. This announcement does not constitute an offer to sell securities.

Phunware (NASDAQ: PHUN) will present at the Proactive Investors One2One Investor Forum on January 26, 2021, at 1:00 p.m. ET. The presentation, featuring COO Randall Crowder, will be available via live webcast and for later replay. Phunware is a leading enterprise cloud platform specializing in mobile solutions and services. The company aims to transform digital experiences and engage global audiences across over one billion active devices monthly. For more details, visit phunware.com.