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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 announced a remarkable Q2 2022 financial performance, reporting revenues of $5.5 million, reflecting a growth of 282% year-over-year. The company reaffirmed its 2022 revenue guidance, projecting 250% growth, equating to $25 million. However, Phunware faced a net loss of $(17.1) million, including a $(12.2) million impairment of digital assets. Despite this, improvements in gross margins and ongoing product developments, such as PhunToken's availability on Uniswap, signal a strong operational momentum heading into the second half of the year.
Phunware, Inc. (NASDAQ: PHUN) will announce its financial results for Q2 2022 on August 11, 2022, during a conference call at 4:30 p.m. Eastern time. The Company offers an enterprise cloud platform for mobile, serving major brands worldwide. A live broadcast of the conference call will be available, along with a replay starting at 8:00 p.m. Eastern time on the same day through August 25, 2022. Investors are encouraged to dial in 10 minutes early to ensure connection.
Phunware, Inc. (NASDAQ: PHUN) has announced that its Smart Advocacy Solution will integrate social media capabilities with Twitter.
This integration aims to assist politicians and advocacy groups in managing content effectively as they prepare for the 2022 Midterm Elections and the 2024 Presidential Election. Users can curate tweets in-app, enhancing control over displayed content amid challenges from spam bots and fake accounts on larger platforms. The company emphasizes the importance of authenticity and messaging in political engagements.
Phunware, Inc. (NASDAQ: PHUN) announced the release of PhunWallet version 1.3, featuring a new user registration system and cross-device access. The update enhances user experience, allowing seamless login with the same credentials on different devices. Users can earn PhunToken (PHTK) through engagement activities and personal QR code referrals, replacing previous share link methods. The in-app referral contest from June 9-19 contributed to over 10,000 new users. These features aim to empower users in managing their data within a decentralized economy.
PhunToken (PHTK), developed by Phunware, announces its co-sponsorship of the Consensus 2022 event in Austin, Texas, from June 9-12, 2022. This festival focuses on blockchain, cryptocurrency, Web 3, and the metaverse, featuring prominent voices in the digital assets industry. Phunware will launch the PhunToken Consensus Quest on PhunWallet, allowing participants to win rewards exceeding $100,000, including a Lyte Mining PC. The event promises to facilitate discussions on the evolving role of these technologies in finance, culture, and marketing.
Phunware, Inc. (NASDAQ: PHUN) reported a record revenue of $6.8 million for Q1 2022, reflecting a remarkable growth of over 310% year-over-year. The company's Multiscreen-as-a-Service (MaaS) revenues reached $2.5 million, while Hardware revenues accounted for $4.3 million. Despite this success, the net loss stood at $(14.9) million, resulting in a $(0.15) loss per share. Looking ahead, Phunware has revised its Q2 revenue growth forecast to exceed 275% year-over-year, indicating strong momentum in the digital asset ecosystem.
Phunware (NASDAQ: PHUN) will participate in two key financial conferences in May 2022. The company is set to virtually present at the 17th Annual Needham Technology & Media Conference on May 18, 2022, at 3:45 p.m. Eastern Time, with one-on-one meetings scheduled throughout the event. Additionally, they will present at the H.C. Wainwright Global Investment Conference on May 25, 2022, at 10:30 a.m. Eastern Time. Key executives, including CEO Alan Knitowski and CFO Matt Anne, will represent Phunware.
Phunware, Inc. (NASDAQ: PHUN) announced its collaboration with Moneta Advisory Partners to enhance its visibility as a leader in Data-Driven Consumer Engagement. Jon Najarian, co-founder of Moneta, emphasized the transformative potential of Phunware's data-driven platform and blockchain technology for enterprise clients. Phunware’s COO, Randall Crowder, highlighted a projected 250% YoY revenue growth in Q1 and Q2 of 2022, with an anticipated revenue target of at least $25 million. The company recently launched PhunToken (PHTK), aiming to broaden its reach in crypto and investor communities.
Phunware (NASDAQ: PHUN) announces a conference call scheduled for May 12, 2022, at 4:30 PM ET to discuss its Q1 2022 financial results. The call will follow a press release detailing the financial outcomes for the quarter ending March 31, 2022, released earlier that day. Interested parties can participate by dialing in 10 minutes before the start time. A live broadcast and replay will be available through the Company's investor relations website.
Phunware has appointed Matt Lull as its first Executive Vice President and Chief Cryptocurrency Officer, effective April 18, 2022. With over 30 years of experience in technology and finance, Lull is expected to enhance Phunware's strategic initiatives in software, hardware, cloud, and decentralized finance (DeFi). His extensive background includes significant roles at Citrix Systems, where he founded the cloud computing partner ecosystem. Lull's expertise is anticipated to drive Phunware's growth in the rapidly evolving cryptocurrency sector.
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