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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.
Phunware, Inc. (NASDAQ: PHUN) announced the launch of its MaaS Smart City Solution for Pasadena, Texas, aimed at enhancing citizen engagement and emergency management. This mobile application provides residents with critical real-time information regarding emergencies, including pandemic alerts and natural disasters. Mayor Jeff Wagner emphasized the importance of mobile technology in keeping citizens informed and connected with municipal services. Phunware's solution supports improved interaction and resource management for city officials and residents, contributing to a safer community.
Phunware reported its Q2 2021 financial results, showing net revenues of $1.4 million and a net loss of $8.3 million, translating to a loss per share of $0.12. Despite the challenges posed by the pandemic, the Company highlighted operational momentum with new product launches and an increase in customer backlog. Significant developments include a multi-year distribution agreement with a Fortune 500 partner and the launch of the blockchain-enabled Mobile Loyalty Ecosystem. The Company remains optimistic about future growth opportunities.
Phunware (NASDAQ: PHUN) will hold a conference call on August 12, 2021, at 5:00 p.m. Eastern time to discuss its second-quarter financial results for the period ending June 30, 2021. A press release with the financial results will precede the call. Interested parties can access the call via U.S. dial-in at 844-369-8774 or international dial-in at 862-298-0844. The call will include a question and answer session following management's presentation. For more information, visit phunware.com.
Phunware, a mobile enterprise cloud platform provider, announces its partnership with Steve Grasso of Grasso Global, Inc. for enhanced investor relations. Grasso aims to connect Phunware with institutional investors and strengthen financial strategies. CFO Matt Aune expresses confidence that Grasso's expertise and connections will maximize shareholder value. Phunware, recognized for its Multiscreen-as-a-Service model, serves over one billion active devices monthly, offering comprehensive solutions for mobile customer engagement.
Phunware, Inc. (NASDAQ: PHUN) has finalized a licensing deal for its Multiscreen-as-a-Service platform with a leading pediatric health system in the U.S. This collaboration aims to enhance patient and visitor experiences through a digital front door mobile application. The customer seeks to employ digital innovation for better resource management and clinical outcomes. Phunware’s mobile solutions promise to simplify navigation, integrate with Electronic Health Records, and improve patient engagement, marking a significant step in its healthcare sector strategy.
Phunware, Inc. (NASDAQ: PHUN) announced a licensing deal for its Smart Hospitality Solution with a major international luxury resort, aimed at enhancing guest experiences and operational efficiencies post-pandemic. The solution includes location-based services, mobile engagement, analytics, and content management, which will help the resort engage guests, streamline operations, and reduce costs. The CEO emphasized the importance of mobile solutions in adapting to safety and experience challenges.
Phunware, Inc. (NASDAQ: PHUN) announced a licensing agreement for its Smart Residential Solution with Regent Square, a mixed-use development in Houston. This partnership, alongside GID and MKT Consulting, aims to enhance luxury living experiences through mobile technology. The Smart Residential Solution will offer amenities like keyless entry and event registrations, promoting digital transformation in residential management. Regent Square features 300,000 square feet of retail, 200,000 square feet of office space, and 1,500 residences.
Phunware has launched the Ten Million PhunToken Sweepstakes to celebrate the release of its PhunWallet mobile app, available on both iOS and Android. Participants can earn daily entries to win one million PhunToken, with ten winners selected by the end of July. The company aims to provide an innovative platform that compensates consumers for their data while promoting brand-consumer connections. PhunWallet supports a blockchain-enabled ecosystem facilitating data exchange and loyalty, potentially impacting user engagement and brand loyalty.
Phunware, Inc. (NASDAQ: PHUN) announced its inclusion in the Russell Microcap® Index, effective June 28, 2021. This membership enhances the company's equity profile among investors and provides automatic inclusion in growth and value style indexes. CEO Alan Knitowski highlighted this as a significant milestone in their growth journey, alongside the launch of the PhunWallet app and a global distribution agreement with a major tech company. Russell indexes are essential for investment managers, with $10.6 trillion in assets benchmarked against them.
AUSTIN, Texas, June 08, 2021—Phunware (NASDAQ: PHUN) announced the launch of its new mobile application, PhunWallet, on Google Play for Android. This cryptocurrency wallet facilitates Phunware's blockchain data exchange and mobile loyalty ecosystem, utilizing PhunCoin and PhunToken. PhunWallet allows users to manage purchases, earn tokens through engagement activities, and discover brands tailored to personal interests. The iOS version is expected by month-end, pending App Store approval. The app aims to drive the mainstream adoption of Phunware's dual token economy.
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