STOCK TITAN
  1. Home
  2. News
  3. PHUN

Phunware Inc - PHUN STOCK NEWS

Welcome to our dedicated news page for Phunware (Ticker: PHUN), a resource for investors and traders seeking the latest updates and insights on Phunware.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Phunware's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Phunware's position in the market.

News
Phunware Announces Closing of $2.8 Million Public Offering
Rhea-AI Summary
Phunware, Inc. (Nasdaq: PHUN) closed a public offering of approximately 46.7 million shares of common stock at a price of $0.06 per share, generating gross proceeds of approximately $2.8 million. The company intends to use the net proceeds for working capital, general corporate purposes, and product initiatives, including its patent portfolio, PhunCoin, and PhunToken.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.36%
Tags
offering
-
News
Phunware Announces Pricing of $2.8 Million Public Offering
Rhea-AI Summary
Phunware, Inc. (Nasdaq: PHUN) announces the pricing of its public offering of approximately 46.7 million shares of common stock at $0.06 per share. Roth Capital Partners is the sole placement agent for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.91%
Tags
offering
-
News
Phunware Launches Proposed Public Offering of Securities
Rhea-AI Summary
Phunware, Inc. (Nasdaq: PHUN) has launched a public offering to sell shares of its common stock or pre-funded warrants. The offering is subject to market conditions and will be managed by Roth Capital Partners. The company intends to use the proceeds for working capital, general corporate purposes, and product initiatives such as monetizing its patent portfolio, PhunCoin, and PhunToken.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.91%
Tags
offering
News
Phunware Appoints Jeremy Kidd as Senior Vice President of Sales and Marketing
Rhea-AI Summary
Phunware, Inc. (NASDAQ: PHUN) announced the hiring of Jeremy Kidd as Senior Vice President of Sales and Marketing. Jeremy brings over 20 years of sales leadership in mobile applications, AI, and augmented and virtual reality. He previously served as VP of Sales for Phunware, responsible for major contracts with FOX, CBS, and WWE. Phunware CEO Mike Snavely expressed excitement for Jeremy's return and highlighted the company's progress in executing against an $8MM pipeline in hospitality, healthcare, and connected workplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.52%
Tags
management
-
News
Phunware Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
Rhea-AI Summary
Phunware, Inc. (NASDAQ: PHUN) announced an inducement grant to Mr. Michael Snavely, their Chief Revenue Officer, under the 2023B Inducement Plan. The grant includes 600,000 restricted stock units, subject to vesting on February 23, 2024, contingent on Mr. Snavely's continued employment. Mr. Snavely has also been appointed as Phunware's Chief Executive Officer effective October 25, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.97%
Tags
none
-
News
Phunware Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Phunware, Inc. (NASDAQ: PHUN) announced its Q3 2023 financial results, including net revenues of $2.8 million, a net loss of $(19.0) million, and the launch of the Phunware 3.0 strategy. CEO Mike Snavely highlighted the focus on software sales, IP monetization, and the development of digital assets ecosystem. Recent business highlights include a purchase agreement with Lincoln Park Capital Fund, the appointment of Mike Snavely as CEO, and the wind down of Lyte Technology's operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.57%
Tags
earnings
News
Phunware Announces Wind Down of Lyte Technology’s Operations to Reinforce Core Mission
Rhea-AI Summary
Phunware, Inc. has announced the wind down of operations of its subsidiary gaming PC Manufacturer, Lyte Technology. This decision comes after an assessment of Lyte's business in the context of Phunware's future direction. The wind down may be followed by the disposition of remaining Lyte assets via a sale or otherwise. CEO Mike Snavely stated that this transition is a good financial decision as it reduces inventory carrying costs and operational staff expenses, reducing cash burn.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
Phunware Sets Third Quarter 2023 Earnings Call for Thursday, November 9, 2023 at 4:30 PM ET
Rhea-AI Summary
Phunware, Inc. will hold a conference call on November 9, 2023, to discuss its financial results for Q3 2023. The call will be hosted by Phunware management and will include a question and answer period. The conference call will be broadcast live and available for replay on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
earnings
-
News
Phunware Partners with Wailea Beach Resort – Marriott, Maui for its Enhanced Smart Hospitality Solution
Rhea-AI Summary
Phunware, Inc. has announced that Wailea Beach Resort will deploy its enhanced Smart Hospitality Solution under a three-year contract. The platform will guide guests through the property, improve the guest experience, and generate new revenue. Phunware was chosen for its experience with complex facilities and hotel guest engagement. Wailea Beach Resort is a luxury oceanfront property with 547 rooms and suites, offering amenities such as a spa, luau, and signature dining. Phunware's solution will provide interactive mapping, advanced search and filtering, booking of experiences, curated selections, and audio streaming on Points of Interest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.02%
Tags
partnership
News
Phunware Provides Corporate Update
Rhea-AI Summary
Phunware, Inc. announces changes in senior management and an expanded corporate vision. Mike Snavely is appointed as the new CEO, while former CEO Russ Buyse moves into a consulting role. The company is focusing on monetizing its portfolio of patents and IP, including AI, and strengthening its software distribution network. Phunware is evaluating the business and regulatory landscapes to expand its digital asset ecosystem. Q3 2023 earnings call to be held in November.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
Stock PHUN logo
Phunware Inc

Nasdaq:PHUN

PHUN Rankings

#4716 Ranked by Market Cap
#5394 Ranked by Stock Gains
N/A Ranked by Dividends

PHUN Stock Data

58.36M
7.95M
7.75%
4.95%
14.28%
Software Publishers
Information
Link
US
Austin

About PHUN

phunware is the pioneer of multiscreen as a service (maas) – the only fully integrated services platform that enables brands to engage, manage and monetize their anytime, anywhere users. phunware has introduced category defining experiences that challenge the outer limits of the most advanced multiscreen devices for the world’s most respected brands.