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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 (NASDAQ: PHUN) will engage in a fireside chat on June 3rd at 12:00 PM ET with market analyst Kenny Polcari, hosted by COO Randall Crowder. The discussion will focus on the company’s outlook for 2021 and its go-to-market strategy emphasizing indirect channel partners. The chat is accessible live and for replay via the investor relations section of Phunware’s website. Founded on the Multiscreen-as-a-Service (MaaS) platform, Phunware provides mobile cloud solutions aimed at enhancing engagement for brands worldwide.
Phunware reported its Q1 2021 financial results, with net revenues of $1.6 million and gross margin at 58.0%. The company's Multiscreen-as-a-Service (MaaS) platform generated $1.5 million in subscriptions and services revenue. However, Phunware faced a net loss of $(12.4 million) or $(0.19 per share). On a positive note, cash on hand reached a record high of $23.5 million, following the elimination of 2020 convertible notes and the initiation of a $25 million At-The-Market offering. The company aims to leverage blockchain technology to enhance its mobile ecosystem.
Phunware, Inc. (NASDAQ: PHUN) has officially launched the PhunToken Purchase Portal, enabling sales of its cryptocurrency, PhunToken (PHTK), to consumers and brands. PhunToken plays a crucial role in Phunware's Mobile Loyalty Ecosystem, rewarding users for engaging with brand content and enhancing loyalty through its Multiscreen-as-a-Service platform. The tokens can also be obtained through brands using the PhunToken MaaS Loyalty SDK. Additionally, the PhunWallet is set to launch soon on major app stores, facilitating token management for users.
Phunware, Inc. (NASDAQ: PHUN) will host a conference call on May 13, 2021, at 5:00 p.m. Eastern time to discuss its Q1 2021 financial results. The earnings release will precede the call. Participants can join by calling 844-369-8770 for U.S. callers or 862-298-0840 for international attendees. The call aims to provide insights into the company's financial performance and future outlook, followed by a Q&A session. Investors can access the live broadcast through the company's website.
Phunware (NASDAQ: PHUN) announced a partnership with Infinite Leap to enhance healthcare operations through a digital front door on mobile. This solution integrates real-time technologies for improved asset management and patient coordination. Infinite Leap, recognized among America's fastest-growing companies, will help Phunware's cloud-based platform deliver essential healthcare features, including mobile engagement, indoor positioning, and appointment notifications. The collaboration aims to streamline healthcare experiences for providers and patients alike.
Phunware, Inc. (NASDAQ: PHUN) announced its participation in upcoming virtual financial conferences in Q2 2021. Key events include the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27 and the Needham Virtual Technology & Media Conference from May 17-20. Additionally, Phunware will engage in a fireside chat at the Northland Capital Markets Customer Engagement SaaS Conference on June 16. This activity highlights the company's strategy to enhance visibility and engagement with investors in the evolving mobile technology landscape.
Austin-based Phunware, Inc. (NASDAQ: PHUN) has launched its Data Software Development Kit (SDK) for both Apple iOS and Google Android platforms. This SDK enables third-party mobile applications to reward users with PhunCoin for their data. The release supports the broader launch of Phunware's blockchain-enabled Customer Data Platform, enhancing consumer control over their data and compensation for sharing it. CEO Alan S. Knitowski emphasized the importance of data transparency and accountability. This announcement follows the recent launch of Phunware's Loyalty SDK on both platforms.
Phunware, Inc. (NASDAQ: PHUN) has launched its Loyalty Software Development Kit (SDK) for Apple iOS and Google Android. This SDK enables third-party mobile applications to issue PhunToken and integrates into existing mobile apps for enhanced customer engagement. The launch supports Phunware's Multiscreen-as-a-Service (MaaS) Mobile Loyalty Ecosystem, which aims to incentivize user participation and loyalty. Additionally, a Data SDK is expected later this month, allowing app publishers to reward users for their data with PhunCoin.
Phunware, Inc. (NASDAQ: PHUN) has authorized bitcoin purchases to prepare for the launch of its blockchain-enabled MaaS Customer Data Platform and MaaS Mobile Loyalty Ecosystem. The company has purchased 25.8 bitcoin at an average price of $58,133 each. Additionally, Phunware plans to release PhunWallet on iOS and Android to manage PhunCoin and PhunToken for rewarding users. The company also partnered with BitPay to offer cryptocurrency payroll options for employees. CEO Alan S. Knitowski aims to boost cryptocurrency adoption by leveraging over a decade of mobile expertise.
Phunware, Inc. (NASDAQ: PHUN) reported its financial results for the year ending December 31, 2020. The company transitioned to a high-margin SaaS business model, achieving net revenues of $10.0 million and gross margin of 66.4%. However, it faced a net loss of $22.2 million, equating to a loss per share of $0.50. The company is optimistic about its future with a recent institutional financing of approximately $25 million, enabling it to pursue growth initiatives and expand its global footprint. Notable partnerships were established in the healthcare sector, enhancing its service offerings.
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