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Phunware, Inc. - PHUN STOCK NEWS

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.

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Phunware, Inc. announced the appointment of Elliot Han, a cryptocurrency and digital asset expert, to its Board of Directors. Han brings extensive experience in corporate finance, strategy, and development, as well as a background in technology equity capital markets. His appointment is expected to maximize the value of Phunware's digital asset ecosystem, including PhunCoin and PhunToken.
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Phunware, Inc. has announced a definitive agreement for the issuance and sale of approximately 56,000,000 million shares of common stock at a price of $0.10 per share. The offering is expected to close on or before January 24, 2024. Roth Capital Partners is acting as the sole placement agent for the offering.
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Phunware, Inc. has entered into an agreement for the issuance and sale of approximately 87,500,000 million shares of common stock at a price of $0.08 per share. The offering is expected to close on or before January 20, 2024. Roth Capital Partners is acting as the sole placement agent for the offering.
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Phunware, Inc. (Nasdaq: PHUN) closed a public offering of approximately 46.7 million shares of common stock at a price of $0.06 per share, generating gross proceeds of approximately $2.8 million. The company intends to use the net proceeds for working capital, general corporate purposes, and product initiatives, including its patent portfolio, PhunCoin, and PhunToken.
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Phunware, Inc. (Nasdaq: PHUN) announces the pricing of its public offering of approximately 46.7 million shares of common stock at $0.06 per share. Roth Capital Partners is the sole placement agent for the offering.
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Phunware, Inc. (Nasdaq: PHUN) has launched a public offering to sell shares of its common stock or pre-funded warrants. The offering is subject to market conditions and will be managed by Roth Capital Partners. The company intends to use the proceeds for working capital, general corporate purposes, and product initiatives such as monetizing its patent portfolio, PhunCoin, and PhunToken.
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Phunware, Inc. (NASDAQ: PHUN) announced the hiring of Jeremy Kidd as Senior Vice President of Sales and Marketing. Jeremy brings over 20 years of sales leadership in mobile applications, AI, and augmented and virtual reality. He previously served as VP of Sales for Phunware, responsible for major contracts with FOX, CBS, and WWE. Phunware CEO Mike Snavely expressed excitement for Jeremy's return and highlighted the company's progress in executing against an $8MM pipeline in hospitality, healthcare, and connected workplace.
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Phunware, Inc. (NASDAQ: PHUN) announced an inducement grant to Mr. Michael Snavely, their Chief Revenue Officer, under the 2023B Inducement Plan. The grant includes 600,000 restricted stock units, subject to vesting on February 23, 2024, contingent on Mr. Snavely's continued employment. Mr. Snavely has also been appointed as Phunware's Chief Executive Officer effective October 25, 2023.
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Phunware, Inc. (NASDAQ: PHUN) announced its Q3 2023 financial results, including net revenues of $2.8 million, a net loss of $(19.0) million, and the launch of the Phunware 3.0 strategy. CEO Mike Snavely highlighted the focus on software sales, IP monetization, and the development of digital assets ecosystem. Recent business highlights include a purchase agreement with Lincoln Park Capital Fund, the appointment of Mike Snavely as CEO, and the wind down of Lyte Technology's operations.
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Phunware, Inc. has announced the wind down of operations of its subsidiary gaming PC Manufacturer, Lyte Technology. This decision comes after an assessment of Lyte's business in the context of Phunware's future direction. The wind down may be followed by the disposition of remaining Lyte assets via a sale or otherwise. CEO Mike Snavely stated that this transition is a good financial decision as it reduces inventory carrying costs and operational staff expenses, reducing cash burn.
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FAQ

What is the current stock price of Phunware (PHUN)?

The current stock price of Phunware (PHUN) is $3.89 as of December 20, 2024.

What is the market cap of Phunware (PHUN)?

The market cap of Phunware (PHUN) is approximately 78.8M.

What is Phunware, Inc.?

Phunware, Inc. is a software company that provides a cloud platform for mobile, enabling brands to engage, manage, and monetize their mobile application audiences.

What services does Phunware offer?

Phunware offers multiscreen as a service (MaaS) with products and solutions that include mobile engagement, management, and monetization tools.

Who are some of Phunware's clients?

Phunware works with some of the world's most respected brands, providing category-defining mobile experiences.

What is the Phunware Hospitality Solution?

The Phunware Hospitality Solution is a mobile engagement platform designed to enhance guest experiences at hotels, restaurants, and cruise boats.

Where does Phunware derive its revenue?

Phunware primarily derives its revenue from the United States.

What recent financial achievements has Phunware made?

In the first quarter of 2024, Phunware raised cash through equity, paid off debt, and settled a litigation matter, stabilizing its financial position.

What is Phunware's mission?

Phunware's mission is to foster an ecosystem where digital interactions create more engaged and valuable experiences for all stakeholders.

What are Phunware's future plans?

Phunware plans to expand its software products and services audience, monetize its patents and intellectual property, and reintroduce its digital asset ecosystem.

How does Phunware enhance mobile user engagement?

Phunware enhances mobile user engagement through integrated services that include context-aware notifications, personalized content, and mapping functionalities.

How can I contact Phunware for media inquiries?

For media inquiries, you can email PRESS@phunware.com or call (512) 693-4199.

Phunware, Inc.

Nasdaq:PHUN

PHUN Rankings

PHUN Stock Data

78.76M
19.28M
3.24%
4.44%
8.83%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
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