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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, Inc. (NASDAQ: PHUN) has launched its Smart Hospitality Solution at the Wailea Beach Resort - Marriott, Maui. This innovative service aims to enhance guest experiences through features like real-time mapping, wayfinding, and bookable experiences. The resort recently completed a $100 million renovation and offers various amenities, including a spa and diverse dining options. Phunware's solution leverages its Multiscreen-as-a-Service (MaaS) platform, ensuring future integrations for improved guest engagement.
AUSTIN, Texas, Nov. 30, 2022 – Phunware (NASDAQ: PHUN) has announced plans to return control of consumer data to individuals as part of a new data economy initiative leveraging blockchain technology. The company aims to create a unique Phunware ID for mobile device users globally, facilitating better consent management and compensation for first-party data. Consumers will receive PhunCoin for data usage and PhunToken for engagement. This initiative seeks to enhance transparency and empower consumers while addressing the exploitation of data within the digital economy.
AUSTIN, Texas, Nov. 17, 2022 - Phunware, Inc. (NASDAQ: PHUN) has launched its Smart Hospitality Solution across all Gaylord Hotels, owned by Ryman Hospitality Properties (NYSE: RHP) and operated by Marriott. This solution enhances guest experiences with features such as interactive mapping, real-time wayfinding, reservation links to Marriott Bonvoy, on-property guides, and activity calendars. With Phunware's Multiscreen-as-a-Service platform, Gaylord Hotels plans to expand the integration of additional features like on-demand ordering and concierge communication in the future.
Phunware reported Q3 2022 revenues of $4.8 million, demonstrating a remarkable growth of over 120% year-over-year. The Multiscreen-as-a-Service platform accounted for $1.3 million of the revenue, while hardware sales contributed $3.5 million. Despite these gains, the company incurred a net loss of $8.0 million, equating to a loss per share of $0.08. Phunware has raised its revenue guidance for the year, anticipating around $22.5 million, or a 225% increase from the previous year. Their MaaS backlog is approaching $8 million, reflecting strong business momentum.
Phunware (NASDAQ: PHUN) will participate in the Roth 11th Annual Technology Event, scheduled for November 16, 2022, at The Yale Club in New York City. The event will feature in-person one-on-one and small group meetings with around 50 technology companies, allowing investors to interact with executive management from various sub-sectors. Phunware, a leader in digital transformation, aims to enhance mobile-first engagement.
For additional information or to schedule meetings, contact PHUN@gatewayir.com.
Phunware's LYTE division launches a "No Build Fee" Black Friday Sale throughout November 2022. Customers can save $100 on PC builds and receive a 5% discount on build kits. Additionally, the sale includes interactive opportunities such as spinning an upgrade wheel for free enhancements and eligibility for a golden ticket to win premium hardware. This promotional initiative aims to make PC purchases more affordable for gamers and crypto enthusiasts during the holiday season.
Phunware, Inc. (NASDAQ: PHUN) has announced a three-year contract renewal and expansion to provide its digital front door and location-based services to Parkview Health, covering 10 hospitals across over 1.7 million square feet. This partnership aims to enhance patient experiences through mobile engagement tools, including real-time indoor positioning and appointment notifications. Key features will be implemented at Parkview's Randallia campus starting early 2023.
Phunware (NASDAQ: PHUN) will host a conference call on November 10, 2022, at 4:30 p.m. Eastern time to discuss its third-quarter financial results for the period ending September 30, 2022. The call will feature management commentary followed by a Q&A session. Interested parties can join by dialing 888-506-0062 in the U.S. or 973-528-0011 internationally. A live broadcast and replay of the call will be available through the Company's investor relations website. Phunware continues to support brands with a robust enterprise cloud platform for mobile solutions.
Phunware, Inc. (NASDAQ: PHUN) announced that its 2022 Annual Meeting of Stockholders, held on October 14, 2022, was adjourned due to a lack of quorum. The meeting will reconvene virtually on November 4, 2022, allowing stockholders additional time to vote on proposals previously outlined in the Proxy Statement filed with the SEC on August 31, 2022. Proxies submitted will remain valid unless revoked, and stockholders need not act if they do not wish to change their vote. The Board recommends voting 'FOR' proposals one through four and 'THREE YEARS' for proposal five.
Phunware, Inc. (NASDAQ: PHUN) announced its participation in key financial conferences scheduled for September 2022. The company will present at the 2nd Annual Needham Virtual Crypto Conference on September 8, 2022, and the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. Presenters include COO Randall Crowder and CEO Alan Knitowski, with one-on-one meetings offered throughout these events. Phunware continues to enhance its mobile cloud platform, impacting over one billion active devices each month.
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