Phunware Inc Stock Price, News & Analysis

Phunware, Inc. (NASDAQ: PHUN) will hold a conference call on May 11, 2023, at 4:30 p.m. ET to discuss its financial results for Q1 2023. The call will provide insights into the company's performance and future outlook, with a subsequent Q&A session. Interested parties can call in using the provided dial-in numbers, or they may access a live broadcast through the company’s investor relations website. A replay of the call will be available post-event until May 25, 2023. Phunware offers an enterprise cloud platform that engages users through a variety of mobile solutions, reaching approximately one billion active devices monthly. For ongoing updates and information about Phunware's services and impact on digital experiences, visit their website or social media channels.

Phunware, Inc. (NASDAQ: PHUN) announced that the USPTO granted a Notice of Allowance for its patent application 17/362,765 titled Method and Apparatus for Geofence Event Predictions. This patent aims to enhance Phunware's location-based services by enabling businesses to predict geofence events using past and future geographic data from mobile devices. The technology allows brands to deliver personalized experiences by analyzing user behavior and engagement opportunities. COO Randall Crowder emphasized that the innovation supports their commitment to providing proprietary mobile solutions for better audience engagement. This advancement positions Phunware to offer more targeted content to users based on location and expected activities.

Phunware, Inc. has joined the Siemens Connect Ecosystem, which focuses on collaborating with various experts in technology and infrastructure. This partnership aims to enhance smart building solutions, utilizing Phunware's blue dot wayfinding technology. Randall Crowder, COO of Phunware, emphasized the integration of their Smart Workplace and Multi-Dwelling Unit solutions with Siemens’ platforms, facilitating seamless management of building operations. The Siemens Ecosystem provides tools necessary for third-party solutions to integrate with its Building Management Systems. With the surge in smart building technology, this collaboration is positioned to accelerate innovation and meet customer needs more effectively.

Phunware, Inc. (NASDAQ: PHUN) reported its preliminary financial results for 2022, showing a 105% revenue increase to $21.8 million. Platform revenues reached $6.5 million, while hardware revenues were $15.3 million. However, the company faced a significant net loss of $(50.9) million, translating to a loss per share of $(0.51). CEO Russ Buyse emphasized growth opportunities through partnerships and expansion in hospitality and healthcare sectors. The company also announced a stock repurchase plan and plans to enhance its customer data control initiatives. A conference call is scheduled to discuss these results in detail.

Phunware, Inc. (NASDAQ: PHUN) announced a conference call to discuss its financial results for the fourth quarter and full year ending December 31, 2022. The call is scheduled for March 23, 2023, at 4:30 p.m. Eastern time. Financial results will be released prior to the call, which will also include a question and answer session with management. Interested parties can join via U.S. and international dial-in numbers, and a replay will be available following the call until April 6, 2023. Phunware emphasizes its role as a leader in Multiscreen-as-a-Service, providing comprehensive solutions for mobile engagement and monetization.

Phunware, Inc. (NASDAQ: PHUN) announced its participation in March 2023 financial events, including a fireside chat with H.C. Wainwright on March 1, featuring CEO Russ Buyse, and a session at the 35th Annual Roth Conference on March 13, with both Buyse and CFO Matt Aune. The company focuses on being a leader in Multiscreen-as-a-Service (MaaS), providing integrated cloud solutions for mobile engagement, location services, and analytics, with approximately one billion active devices on its platform each month. For further inquiries, stakeholders can contact the investor relations team via email.

Phunware (NASDAQ: PHUN) has expanded its contract with VHC Health to enhance Location Based Services (LBS) at the new 250,000 square foot Outpatient Pavilion. This upgrade will integrate TIBA Parking Systems with VHC Health’s mobile digital front door.

VHC Health, recognized for exceptional patient experiences, has achieved significant awards, including the Healthgrades Outstanding Patient Experience Award™ and a consistent ‘A’ grade from The Leapfrog Group. Phunware's digital solutions aim to streamline patient interactions, offering features like indoor positioning, appointment reminders, and mobile bill pay, providing a seamless healthcare experience.

Phunware, Inc. (NASDAQ: PHUN) has launched its Experience Optimizer, enabling brands to engage users based on location and persona through a single mobile application. This technology allows healthcare systems and hospitality businesses to optimize user experiences without managing multiple apps. Randall Crowder, COO, noted its potential for enhancing patient experiences and supporting digital initiatives for cities and advocacy groups. Leveraging Phunware’s Multiscreen-as-a-Service platform, this solution integrates with third-party systems, enhancing mobile app capabilities significantly.

Phunware has announced an inducement grant to its new CEO, Russell Buyse, effective December 28, 2022. Under the 2022 Inducement Plan, approved by the Board on January 4, 2023, Buyse will receive 1,470,588 restricted stock units. This grant is pivotal for Buyse's employment and is subject to a vesting schedule, with one-third vesting annually, contingent on his continued employment. Phunware, publicly traded on NASDAQ as PHUN, specializes in software platforms for mobile app audience engagement and monetization.