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 a trailblazer in the field of multiscreen as a service (MaaS), offering the only fully integrated services platform that enables brands to engage, manage, and monetize their users anytime, anywhere. As a leading software company, Phunware provides a cloud platform for mobile, offering essential products, solutions, and data services to help companies effectively interact with their mobile application audiences.
Phunware's core business revolves around its innovative mobile solutions that have redefined user engagement for some of the world's most respected brands. The company’s recent achievements include the launch of the Phunware Hospitality Solution, which has been adopted by PAL+, a prominent player in the Eastern Townships' hospitality industry. This solution enhances guest experiences through personalized mobile applications, offering context-aware notifications, content, and mapping functionalities for hotels, restaurants, and luxury cruise boats.
Phunware has also made significant strides in improving its financial condition. In the first quarter of 2024, the company achieved stability by raising cash through equity, paying off debt, and resolving litigation matters. This financial discipline will support continued strategic investments in sales and marketing.
Phunware’s mission is to foster an ecosystem where digital interactions enable more engaged and valuable experiences for all stakeholders. The company is poised to expand its software products and services audience, monetize its intellectual property, and reintroduce its digital asset ecosystem for new market participants.
Phunware is more than just a software provider; it is a partner in creating category-defining experiences that push the boundaries of advanced multiscreen devices. With its strong product, dedicated team, and strategic financial positioning, Phunware is well-equipped to continue making a global impact in mobile technology.
On November 5, 2021, Phunware (NASDAQ: PHUN) announced acquiring an additional 100 bitcoins for approximately $6.2 million in cash, averaging $62,030 per bitcoin. This purchase increases their total holdings to approximately 127 bitcoins, at a total cost of about $7.75 million, averaging $61,238 per bitcoin. The strategic acquisition aims to enhance their financial investment portfolio in cryptocurrency, leveraging the ongoing growth in digital assets.
Phunware, Inc. (NASDAQ: PHUN) will participate in two virtual financial conferences in November 2021. The first is the Roth Capital 10th Annual Technology & Inaugural AgTech Answers Virtual Event on November 17, 2021, featuring one-on-one and small group meetings. The second is the Ladenburg Thalmann Virtual Technology Expo 2021, where the company will present on November 18, 2021, at 2:00 p.m. ET. Investors can arrange meetings via the event's website. Phunware continues to enhance its position in the mobile cloud platform industry.
Phunware, a leader in mobile cloud platform solutions, will host a conference call on November 11, 2021, at 5:00 p.m. ET to discuss its financial results for Q3 2021, ending September 30, 2021. The call will include insights from management followed by a Q&A session. Investors can access the call via U.S. dial-in at 877-545-0523 and international dial-in at 973-528-0016. The company is known for its Multiscreen-as-a-Service platform, engaging over one billion active devices monthly.
Phunware, Inc. (NASDAQ: PHUN) announces a Black Friday special on its Lyte Optimized PCs, specifically designed for crypto miners, gamers, streamers, and traders. To commemorate its acquisition of Lyte Technology, the company now accepts Bitcoin for purchases. Caleb Borgstrom, founder of Lyte, emphasized the value of optimized systems that simplify the purchasing process for customers. This initiative aligns with Phunware's vision for a blockchain-enabled data economy, catering to a growing community of users.
Phunware, Inc. (NASDAQ: PHUN) announced the successful integration of its Digital Front Door solution with Epic's platform, now available on the Epic App Orchard. This integration enhances patient engagement by enabling hospital systems to provide seamless mobile experiences, such as navigation, appointment scheduling, and health record access. Epic holds a significant share of the Electronic Health Record market, managing over 250 million patient records. The partnership aims to drive digital transformation in healthcare, improving operational efficiency and patient satisfaction.
Phunware, Inc. (NASDAQ: PHUN) announced a fireside chat with Board Member Ryan Costello and COO Randall Crowder, scheduled for November 3, 2021, at 12:00 PM ET. The discussion will focus on Phunware’s collaboration with the Trump Administration and its platform’s potential to engage voters and foster communities. This event will be broadcast live and available for replay on the company’s website. Costello, a former Pennsylvania Congressman, brings expertise in digital commerce, IoT, and healthcare IT, enhancing the dialogue on technology’s role in community engagement.
Phunware, Inc. (NASDAQ: PHUN) has successfully completed its acquisition of Lyte Technology, a high-performance computer systems provider, for approximately $3.32 million in cash and unsecured debt, with a total potential valuation of $10.98 million. This strategic acquisition allows Phunware to enter a $32 billion PC gaming market expected to grow at 20.4% CAGR. For Q4 FY2021, Phunware anticipates revenues exceeding $5 million, leveraging Lyte’s customer base for its blockchain initiatives. The acquisition's success hinges on Lyte generating $12 million in net revenues within a year.
AUSTIN, Texas, Oct. 14, 2021 – Phunware (NASDAQ: PHUN) will attend the Consumer Electronics Show 2022 (CES) from January 5-8, 2022, both virtually and in-person in Las Vegas. Hosted by the Consumer Technology Association, CES features over 1,100 global companies showcasing innovations in various fields. Jeff Friedman, VP of Sales, emphasized the importance of digital transformation in a mobile-first world. Phunware’s sales team will demonstrate their MaaS platform aimed at improving customer engagement and driving profitability. For inquiries, contact Phunware's sales team.
Phunware (NASDAQ: PHUN) has announced a partnership with Cooper Lighting Solutions, part of Signify, to integrate its Multiscreen-as-a-Service (MaaS) platform with the Trellix IoT platform. This collaboration aims to enhance commercial building efficiency and occupant experience through actionable data insights from connected lighting systems. The integration will provide features such as digital access, occupancy management, and analytics. Phunware's COO expressed excitement about the collaboration, highlighting the potential for meaningful engagement in smart spaces.
Phunware, Inc. (NASDAQ: PHUN) announced a partnership with Intermarkets, Inc. to design and support the new Headlines+ website and mobile application. This collaboration highlights Phunware's Multiscreen-as-a-Service (MaaS) platform, enhancing news aggregation across multiple platforms including iOS and Android. The Headlines+ service aims to empower content publishers amidst increasing constraints by delivering curated news while monetizing through digital advertising. This strategic move is expected to bolster Phunware's market presence and attract more partners.
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