Phunware Inc Stock Price, News & Analysis

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.

Phunware has authorized a Stock Repurchase Plan to buy back up to $5 million of its common stock over the next 12 months. CEO Russ Buyse stated this move is seen as an attractive use of capital given the current market prices. Shares will be repurchased in open market transactions at prevailing prices, with management deciding the timing and amount based on market conditions. The Company is not obligated to repurchase any shares and may suspend the plan at any time.

Phunware, Inc. (NASDAQ: PHUN) will participate in the 25th Annual Needham Growth Conference on January 12, 2023, by holding one-on-one and small group meetings. This conference features presentations from over 550 public and private companies and is designed for institutional, private equity, and venture capital investors. Phunware is a pioneer of Multiscreen-as-a-Service (MaaS), offering a fully integrated cloud platform for mobile applications, which supports about one billion active devices monthly.

Phunware, Inc. (NASDAQ: PHUN) has launched its Smart Hospitality Solution at the Wailea Beach Resort - Marriott, Maui. This innovative service aims to enhance guest experiences through features like real-time mapping, wayfinding, and bookable experiences. The resort recently completed a $100 million renovation and offers various amenities, including a spa and diverse dining options. Phunware's solution leverages its Multiscreen-as-a-Service (MaaS) platform, ensuring future integrations for improved guest engagement.

AUSTIN, Texas, Nov. 30, 2022 – Phunware (NASDAQ: PHUN) has announced plans to return control of consumer data to individuals as part of a new data economy initiative leveraging blockchain technology. The company aims to create a unique Phunware ID for mobile device users globally, facilitating better consent management and compensation for first-party data. Consumers will receive PhunCoin for data usage and PhunToken for engagement. This initiative seeks to enhance transparency and empower consumers while addressing the exploitation of data within the digital economy.

AUSTIN, Texas, Nov. 17, 2022 - Phunware, Inc. (NASDAQ: PHUN) has launched its Smart Hospitality Solution across all Gaylord Hotels, owned by Ryman Hospitality Properties (NYSE: RHP) and operated by Marriott. This solution enhances guest experiences with features such as interactive mapping, real-time wayfinding, reservation links to Marriott Bonvoy, on-property guides, and activity calendars. With Phunware's Multiscreen-as-a-Service platform, Gaylord Hotels plans to expand the integration of additional features like on-demand ordering and concierge communication in the future.

Phunware reported Q3 2022 revenues of $4.8 million, demonstrating a remarkable growth of over 120% year-over-year. The Multiscreen-as-a-Service platform accounted for $1.3 million of the revenue, while hardware sales contributed $3.5 million. Despite these gains, the company incurred a net loss of $8.0 million, equating to a loss per share of $0.08. Phunware has raised its revenue guidance for the year, anticipating around $22.5 million, or a 225% increase from the previous year. Their MaaS backlog is approaching $8 million, reflecting strong business momentum.

Phunware (NASDAQ: PHUN) will participate in the Roth 11th Annual Technology Event, scheduled for November 16, 2022, at The Yale Club in New York City. The event will feature in-person one-on-one and small group meetings with around 50 technology companies, allowing investors to interact with executive management from various sub-sectors. Phunware, a leader in digital transformation, aims to enhance mobile-first engagement.

For additional information or to schedule meetings, contact PHUN@gatewayir.com.