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 an enterprise software company and enterprise cloud platform for mobile that regularly issues news about its financial performance, product roadmap, leadership changes, and sector-specific initiatives. This PHUN news page aggregates the company’s press releases and other coverage so readers can review how Phunware is positioning its mobile app, analytics, digital advertising, and location-based services business over time.
According to its own announcements, Phunware focuses on mobile engagement solutions for enterprises, with particular emphasis on hospitality and healthcare customers. News items describe launches and pilots of AI Concierge and AI Personal Concierge features, Guest Services Agent capabilities, and updates to its Multiscreen-as-a-Service platform, as well as white papers that outline revenue opportunities for hospitality leaders using intelligent digital engagement.
Investors and researchers following PHUN news will see regular quarterly and annual financial results, including discussions of software subscriptions and services revenue, software bookings, gross margins, cash and cash equivalents, and adjusted EBITDA. Releases also cover governance and capital markets topics such as annual meetings of stockholders, director elections, audit committee composition, and changes in independent registered public accounting firms.
Phunware’s news flow further highlights strategic themes like development of a generative AI-powered software development platform, a new generative AI platform, AI-driven customer engagement, and a renewed focus on a digital asset ecosystem. Leadership updates, including appointments of interim chief executive officers, an executive chairman and Chief AI Architect, and board chairpersons, are also documented in its press releases. Bookmark this page to access an organized view of these company-generated updates and related PHUN stock news.
Phunware (NASDAQ: PHUN) will attend the Hospitality Industry Technology Exposition and Conference (HITEC) from June 24-27 in Charlotte. The company will showcase its leading hospitality mobile solutions aimed at enhancing guest engagement through personalized mobile experiences. Phunware's technology includes features like digital keys, push messaging, and wayfinding, designed to improve the guest experience from pre-arrival to post-departure. CEO Mike Snavely highlights that their solutions help hospitality customers generate significant ancillary revenue and high app store ratings. Booth #3955 at the Charlotte Convention Center will feature live demonstrations and on-site meetings.
Phunware announced a prospectus supplement to its existing shelf registration with the SEC, allowing it to offer and sell up to $120 million in common stock through an 'at-the-market' (ATM) equity offering program. No additional capacity was added to the registration statement, and Canaccord Genuity will act as the representative sales agent. Sales will be made at market or negotiated prices, depending on market conditions and the company's capital needs. The prospectus supplement updates information in the existing prospectus. Investors can find more information and obtain copies of pertinent documents on the SEC's website.
Phunware announced an Equity Distribution Agreement with Canaccord Genuity and other agents, allowing the company to sell up to $120 million of its common stock through an at-the-market offering. This move does not add to the existing universal shelf capacity of $200 million. Phunware also amended a prior Securities Purchase Agreement to exclude this new distribution from certain financing participation rights. The agreement aims to provide greater flexibility by involving Canaccord Genuity, Roth MKM, and Benchmark Company as new investment banks.
Phunware, Inc. reported significant improvement in their first quarter 2024 financial results, with net revenues of $0.9 million, a gross margin of 56.9%, a net loss of $(2.3) million, and a non-GAAP Adjusted EBITDA loss of $(2.0) million. The company also strengthened its balance sheet with $21.6 million in cash, eliminated debt, and settled a lawsuit. Phunware remains focused on sales momentum, strategic investments, and operational execution.
Phunware, Inc. (NASDAQ: PHUN) appoints seasoned hospitality industry veteran Paul Ruffino as a Strategic Advisor to propel growth in the hospitality sector. Ruffino brings over four decades of industry expertise, having led successful ventures in well-known properties such as The Excelsior and The Park Lane. His appointment signifies a significant milestone for Phunware as they aim to expand in the hospitality market, leveraging Ruffino's insights to enhance revenue and customer experiences.
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