Phunware, Inc. - PHUN STOCK NEWS

Phunware, Inc. has joined the Siemens Connect Ecosystem, which focuses on collaborating with various experts in technology and infrastructure. This partnership aims to enhance smart building solutions, utilizing Phunware's blue dot wayfinding technology. Randall Crowder, COO of Phunware, emphasized the integration of their Smart Workplace and Multi-Dwelling Unit solutions with Siemens’ platforms, facilitating seamless management of building operations. The Siemens Ecosystem provides tools necessary for third-party solutions to integrate with its Building Management Systems. With the surge in smart building technology, this collaboration is positioned to accelerate innovation and meet customer needs more effectively.

Phunware, Inc. (NASDAQ: PHUN) reported its preliminary financial results for 2022, showing a 105% revenue increase to $21.8 million. Platform revenues reached $6.5 million, while hardware revenues were $15.3 million. However, the company faced a significant net loss of $(50.9) million, translating to a loss per share of $(0.51). CEO Russ Buyse emphasized growth opportunities through partnerships and expansion in hospitality and healthcare sectors. The company also announced a stock repurchase plan and plans to enhance its customer data control initiatives. A conference call is scheduled to discuss these results in detail.

Phunware, Inc. (NASDAQ: PHUN) announced a conference call to discuss its financial results for the fourth quarter and full year ending December 31, 2022. The call is scheduled for March 23, 2023, at 4:30 p.m. Eastern time. Financial results will be released prior to the call, which will also include a question and answer session with management. Interested parties can join via U.S. and international dial-in numbers, and a replay will be available following the call until April 6, 2023. Phunware emphasizes its role as a leader in Multiscreen-as-a-Service, providing comprehensive solutions for mobile engagement and monetization.

Phunware, Inc. (NASDAQ: PHUN) announced its participation in March 2023 financial events, including a fireside chat with H.C. Wainwright on March 1, featuring CEO Russ Buyse, and a session at the 35th Annual Roth Conference on March 13, with both Buyse and CFO Matt Aune. The company focuses on being a leader in Multiscreen-as-a-Service (MaaS), providing integrated cloud solutions for mobile engagement, location services, and analytics, with approximately one billion active devices on its platform each month. For further inquiries, stakeholders can contact the investor relations team via email.

Phunware (NASDAQ: PHUN) has expanded its contract with VHC Health to enhance Location Based Services (LBS) at the new 250,000 square foot Outpatient Pavilion. This upgrade will integrate TIBA Parking Systems with VHC Health’s mobile digital front door.

VHC Health, recognized for exceptional patient experiences, has achieved significant awards, including the Healthgrades Outstanding Patient Experience Award™ and a consistent ‘A’ grade from The Leapfrog Group. Phunware's digital solutions aim to streamline patient interactions, offering features like indoor positioning, appointment reminders, and mobile bill pay, providing a seamless healthcare experience.

Phunware, Inc. (NASDAQ: PHUN) has launched its Experience Optimizer, enabling brands to engage users based on location and persona through a single mobile application. This technology allows healthcare systems and hospitality businesses to optimize user experiences without managing multiple apps. Randall Crowder, COO, noted its potential for enhancing patient experiences and supporting digital initiatives for cities and advocacy groups. Leveraging Phunware’s Multiscreen-as-a-Service platform, this solution integrates with third-party systems, enhancing mobile app capabilities significantly.

Phunware has announced an inducement grant to its new CEO, Russell Buyse, effective December 28, 2022. Under the 2022 Inducement Plan, approved by the Board on January 4, 2023, Buyse will receive 1,470,588 restricted stock units. This grant is pivotal for Buyse's employment and is subject to a vesting schedule, with one-third vesting annually, contingent on his continued employment. Phunware, publicly traded on NASDAQ as PHUN, specializes in software platforms for mobile app audience engagement and monetization.

Phunware has authorized a Stock Repurchase Plan to buy back up to $5 million of its common stock over the next 12 months. CEO Russ Buyse stated this move is seen as an attractive use of capital given the current market prices. Shares will be repurchased in open market transactions at prevailing prices, with management deciding the timing and amount based on market conditions. The Company is not obligated to repurchase any shares and may suspend the plan at any time.

Phunware, Inc. (NASDAQ: PHUN) will participate in the 25th Annual Needham Growth Conference on January 12, 2023, by holding one-on-one and small group meetings. This conference features presentations from over 550 public and private companies and is designed for institutional, private equity, and venture capital investors. Phunware is a pioneer of Multiscreen-as-a-Service (MaaS), offering a fully integrated cloud platform for mobile applications, which supports about one billion active devices monthly.