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, Inc. (NASDAQ: PHUN) is an enterprise software company and enterprise cloud platform for mobile that regularly issues news about its financial performance, product roadmap, leadership changes, and sector-specific initiatives. This PHUN news page aggregates the company’s press releases and other coverage so readers can review how Phunware is positioning its mobile app, analytics, digital advertising, and location-based services business over time.
According to its own announcements, Phunware focuses on mobile engagement solutions for enterprises, with particular emphasis on hospitality and healthcare customers. News items describe launches and pilots of AI Concierge and AI Personal Concierge features, Guest Services Agent capabilities, and updates to its Multiscreen-as-a-Service platform, as well as white papers that outline revenue opportunities for hospitality leaders using intelligent digital engagement.
Investors and researchers following PHUN news will see regular quarterly and annual financial results, including discussions of software subscriptions and services revenue, software bookings, gross margins, cash and cash equivalents, and adjusted EBITDA. Releases also cover governance and capital markets topics such as annual meetings of stockholders, director elections, audit committee composition, and changes in independent registered public accounting firms.
Phunware’s news flow further highlights strategic themes like development of a generative AI-powered software development platform, a new generative AI platform, AI-driven customer engagement, and a renewed focus on a digital asset ecosystem. Leadership updates, including appointments of interim chief executive officers, an executive chairman and Chief AI Architect, and board chairpersons, are also documented in its press releases. Bookmark this page to access an organized view of these company-generated updates and related PHUN stock news.
Phunware (NASDAQ: PHUN) announced the retirement and resignation of CEO Michael Snavely, with former Board Chairperson Stephen Chen appointed as interim CEO effective October 22, 2024. The company is shifting focus towards generative AI, predictive analytics, and cloud-based services. As part of this transition, Phunware launched a new microsite (ai.phunware.com) dedicated to helping businesses and developers leverage generative AI and mobile app technologies. The company aims to strengthen its position in mobile and cloud-based solutions while expanding into AI-driven technologies.
Phunware, a leader in enterprise cloud solutions for mobile applications, has announced its participation in the LD Micro Main Event XVII. CEO Michael Snavely will present a corporate overview at the investment conference, which is scheduled for October 28-30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles.
Key details of the presentation include:
- Date: Wednesday, October 30, 2024
- Time: 11:30 AM PT (Track 3)
- Registration link: https://me24.sequireevents.com/
In addition to the presentation, CEO Michael Snavely and CFO Troy Reisner will be available for one-on-one meetings with registered investors attending the conference.
Phunware, Inc. (NASDAQ: PHUN) is set to showcase its Mobile Hospitality Solution at The Hospitality Show in San Antonio from October 7-10, 2024. The company will exhibit at Booth #139 in the Henry B. González Convention Center, introducing a fully-customizable and configurable mobile solution for events.
Phunware's solution aims to boost guest engagement and drive incremental revenue by enhancing the guest experience from pre-arrival to on-property activities. Key features include digital keys, push notifications, and on-property wayfinding. CEO Mike Snavely emphasized the platform's ability to provide personalized experiences and convenient access to essential services like contactless check-in and mobile ordering.
The Hospitality Show, produced by AHLA and Questex, serves as a forum for vendors, educators, and hospitality industry professionals to explore efficient and profitable hotel operations.
Phunware, Inc. (NASDAQ: PHUN) has issued a letter to stockholders from CEO Mike Snavely, providing an update on the company's performance and future plans. Key highlights include:
- Increased sales by two orders of magnitude in H1 2024 compared to H1 2023
- Lowered cash burn by more than half
- 939% growth in bookings for H1 2024 compared to H1 2023
- Announcement of a new generative AI-based platform for rapid mobile app development
- Plans to expand digital advertising capabilities and voter/advocacy engagement business
- Zero debt and adequate resources to support investments and growth
The company aims to launch its new AI-powered SaaS platform by mid-2025, targeting the global mobile app market expected to exceed $420 billion by 2028.
Phunware, a leader in enterprise cloud solutions for mobile applications, has announced its participation in the Webull LIVE! with Corporate Connect: Technology Investment Webinar. The event is scheduled for Wednesday, October 16, 2024, at 2pm ET.
During the webinar, Phunware CEO Mike Snavely will present an overview of the company and its strategic path forward. Following the presentation, there will be a Q&A session where investors can engage with the CEO directly.
This webinar provides an opportunity for investors to gain insights into Phunware's operations and future plans. Interested parties can register for the event through the provided webinar link.
Phunware, Inc. (NASDAQ: PHUN) will showcase its Conference Event Solution at IMEX America and the Global Gaming Expo (G2E) in Las Vegas, October 7-10, 2024. The mobile solution features intuitive wayfinding, increased sponsor ROI, and data-driven insights. Key features include:
- Turn-by-turn directions for complex venues
- Location-based notifications for sponsors
- Real-time data and analytics for organizers
Phunware's technology can integrate into existing event mobile apps or management platforms. The company is scheduling demos for attendees at both trade shows, highlighting how their solution can elevate events and gaming environments.
Phunware (NASDAQ: PHUN), a mobile experience platform, announces CEO Michael Snavely's participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled for September 9-11, 2024 at the Lotte New York Palace Hotel. Snavely will present a corporate overview on September 9, 2024, available on-demand from 7:00 am ET.
Investors can register for the conference at https://hcwevents.com/annualconference/ to access the presentation. Additionally, CEO Snavely and CFO Troy Reisner will be available for one-on-one meetings with registered conference investors, providing an opportunity for direct engagement with Phunware's leadership.
Phunware (NASDAQ: PHUN) reported strong Q2 2024 financial results, showcasing significant growth in software bookings. Key highlights include:
- 623% increase in Q2 software bookings compared to Q2 2023
- 10% revenue increase to $1.0 million in Q2 2024 vs Q1 2024
- 49% reduction in total operating expenses to $3.4 million
- 60% decrease in net loss to $2.6 million
- $20.4 million cash on hand as of June 30, 2024
The company secured early renewals with three major customers and appointed Paul Ruffino as a strategic advisor for hospitality sector growth. Phunware was also added to the FTSE Russell Microcap Index. CEO Mike Snavely emphasized the effectiveness of their revamped sales team and evolving sales model in driving growth and reducing sales cycle length.
Phunware (NASDAQ: PHUN), a mobile experience platform, has announced its second quarter 2024 financial results will be released on Thursday, August 8, 2024, after U.S. financial markets close. The company will host a live conference call at 4:30 p.m. ET to discuss the results, followed by a Q&A session. Interested parties can join the call by dialing 1-800-715-9871 (domestic) or 646-307-1963 (international) using Conference ID 4402319. A live webcast will also be available, with a replay accessible until February 14, 2025. A telephonic replay will be available until August 22, 2024, by dialing 1-877-481-4010 (or 919-882-2331 for international callers) with replay access code 50975.
Phunware (NASDAQ: PHUN), a mobile experience platform, announced its addition to the FTSE Russell Microcap Index following the 2024 FTSE Russell annual index reconstitution. This change took effect after market close on June 28, 2024. CEO Mike Snavely expressed that rejoining the index marks a validation of Phunware's efforts to return to a growth trajectory. The annual reconstitution captures the 4,000 largest US stocks, ranked by market capitalization. FTSE Russell indexes are widely used as benchmarks for approximately $10.5 trillion in assets as of December 2023.
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