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.
Phunware, Inc. (NASDAQ: PHUN) will conduct a conference call on March 25, 2021, at 5:00 p.m. ET to discuss its financial results for Q4 and full-year 2020. The call will provide insights into the company's performance, with financial results to be released shortly before the call. A question and answer session will follow the management's presentation. Investors can access the call via dial-in numbers provided, and it will also be available for replay online. This event highlights Phunware's commitment to transparency and stakeholder engagement in their financial reporting process.
Phunware, Inc. (NASDAQ: PHUN) announces a partnership with Vizzia Technologies to enhance healthcare service delivery through a mobile digital front door solution. This collaboration leverages Vizzia's real-time location systems and Phunware's Multiscreen-as-a-Service (MaaS) platform to offer features including appointment reminders, indoor navigation, and integration with electronic health records like Epic. With Vizzia's 98% revenue growth over three years and recognition on the 2020 Inc. 5000 list, this partnership aims to streamline healthcare processes and improve patient care.
Phunware (NASDAQ: PHUN) will present at the 33rd Annual Roth Conference, taking place virtually from March 15-17. The management team has recorded their presentation, available for replay here. Phunware will also participate in one-on-one meetings throughout the event. Interested parties can reach out to their IR team at PHUN@gatewayir.com for more information.
Phunware, Inc. (NASDAQ: PHUN) has announced a five-year contract expansion for its Multiscreen-as-a-Service (MaaS) platform with Dignity Health, Yavapai Regional Medical Center (YRMC). This deployment marks the 40th facility to utilize Phunware’s MaaS Location Based Services (LBS) software, enhancing navigation and engagement across over 22 million square feet of medical facilities. The technology offers real-time indoor positioning and is ADA compliant, improving accessibility for all users. This partnership underscores Phunware's growth and commitment to digital transformation in healthcare.
Phunware (NASDAQ: PHUN) has completed its underwritten public offering of common stock, closing on February 12, 2021. The company sold 11,761,111 shares, generating approximately $24.7 million in net proceeds after deducting expenses. Northland Securities and Roth Capital acted as joint book-running managers for the offering. The offering was registered with the SEC, and the final prospectus supplement is accessible on their website. This transaction aims to bolster the company’s financial position and support future business strategies.
Phunware (NASDAQ: PHUN) announced a public offering of 11,111,111 shares at $2.25 per share, aiming to raise approximately $25 million, pending underwriter option. The offering, managed by Northland Securities and Roth Capital Partners, is scheduled to close on February 17, 2021. Proceeds will be utilized for redeeming convertible debt and general corporate needs. The company’s registration statement was effective as of February 11, 2021, with future risks noted in forward-looking statements.
Phunware (NASDAQ: PHUN) has announced the initiation of an underwritten public offering of its common stock, with an option for underwriters to purchase additional shares. The offering is subject to market conditions and may not proceed as planned. Proceeds will be allocated to redeem outstanding convertible debt and for general corporate use. The SEC has declared the registration statement effective as of February 11, 2021, and a preliminary prospectus will be filed. This announcement does not constitute an offer to sell securities.
Phunware (NASDAQ: PHUN) will present at the Proactive Investors One2One Investor Forum on January 26, 2021, at 1:00 p.m. ET. The presentation, featuring COO Randall Crowder, will be available via live webcast and for later replay. Phunware is a leading enterprise cloud platform specializing in mobile solutions and services. The company aims to transform digital experiences and engage global audiences across over one billion active devices monthly. For more details, visit phunware.com.
Phunware, Inc. (NASDAQ: PHUN) has announced its 2021 roadmap for launching a blockchain-enabled Customer Data Platform (CDP) and Mobile Loyalty Ecosystem. This dual-token ecosystem will utilize PhunCoin and Phun Tokens, managed through the PhunWallet app. Key milestones include reducing token supply, releasing SDKs for mobile publishers, launching the PhunWallet app, and listing tokens on exchanges. The company aims to enhance user data ownership and engagement, driving growth in its mobile services.
Phunware, Inc. (NASDAQ: PHUN) has expanded its contract with Baptist Health South Florida, increasing coverage across an additional 3.1 million square feet of medical facilities. This expansion raises the total contract value to over $1 million and enhances the capacity of its Multiscreen-as-a-Service (MaaS) platform. The deployment aims to improve patient interaction and navigation within the healthcare environment, supporting the digital transformation initiatives of Baptist Health. The MaaS platform is designed for seamless indoor-outdoor transitions and is ADA compliant.
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