Phunware, Inc., together with its subsidiaries, provides integrated software platform that equips companies with the products, solutions, and services to engage, manage, and monetize their mobile application portfolios worldwide. Its products and services include cloud-based mobile software that licenses in software development kits (SDKs) form utilized inside mobile applications, such as analytics that provides data related to application use and engagement; content management that allows application admins to create and manage app content in a cloud-based portal; alerts, notifications, and messaging; marketing automation that enables location-triggered messages and workflow; advertising; and location-based services that include mapping, navigation, wayfinding, workflow, asset management, and policy enforcement. The company also engages the integration of its SDK licenses into existing applications maintained by its customers, as well as custom application development and support services; provision of cloud-based vertical solutions for healthcare, retail, sports, aviation, real estate, hospitality, education, and other applications; and offering application transactions, including re-occurring and one-time transactional media purchases for application discovery, user acquisition and audience building, audience engagement, and audience monetization. Phunware, Inc. was incorporated in 2009 and is headquartered in Austin, Texas.
IPO Year: 2016
Exchange: NASDAQ
Website: phunware.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | $9.00 → $6.00 | Buy → Neutral | H.C. Wainwright |
| 12/28/2021 | $5.00 → $4.00 | Buy | Roth Capital |
| 11/15/2021 | $2.00 → $5.50 | Buy | HC Wainwright & Co. |
| 7/28/2021 | $2.00 | Buy | HC Wainwright & Co. |
Fortified Balance Sheet of $113.0 Million Enables Company to continue R&D activities in AI-Driven Customer Platform in other Corporate Initiatives 2024 Annual Meeting of Stockholders Scheduled for May 6, 2025 AUSTIN, Texas, March 20, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, today reported financial results for the year ended December 31, 2024. Financial Highlights For the year ended December 31, 2024, net loss from continuing operations was $10.3 million, as compared to $41.9 million in the previous period, while adjusted EBITDA loss improved to $10.3 million for the year ended D
Chan's expertise bolsters company's focus on strategic growth and expansion. LOS ANGELES, March 19, 2025 /PRNewswire/ -- Nativo, the leading platform helping brands and publishers create advertising that connects better, today announced the hiring of Marcus Chan as SVP and Head of Finance. Chan's extensive expertise in corporate development within the software, media, and advertising spaces strengthens and sharpens Nativo's plans for strategic growth in both established and new channels and geographies. "Nativo has been evolving our business to combine our premium differentiat
25-Year Corporate Strategy & Development Executive at Fortune 500 Consumer Brands to Advance Company's New Strategic Growth Initiatives AUSTIN, Texas, March 04, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, announced today the appointment of Quyen Du to its Board of Directors as an independent director, effective February 28, 2025. Ms. Du will also serve on the Company's Audit, Compensation and Nominating and Corporate Governance Committees. Ms. Du brings 25 years' experience in strategy and corporate development to the Company. Based in Texas, she is a recognized leader in finance, med
AUSTIN, Texas, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, announced today Chief Executive Officer Stephen Chen will participate in the 37th Annual ROTH Conference at the Laguna Cliffs Marriott Resort & Spa in Dana Point, CA March 16-18, 2025. Stephen Chen will hold one-on-one meetings with institutional investors on site during this annual invitation-only event. 37th Annual ROTH Conference Date: March 16-18, 2025Location: Laguna Cliffs Marriott Resort & Spa in Dana Point, CAAttendees: Chief Executive Officer Stephen Chen Format: In-person 1x1'sConference Website: Click here
AUSTIN, Texas, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, today announced the appointment of Jeremy Krol as Chief Operating Officer (COO) effective February 10, 2025. Mr. Krol, who joined Phunware in June 2024 and most recently held the position of Fractional COO, brings more than 20 years of experience with a background in engineering, finance, and technology startups. He will oversee the Company's operations to ensure the business is scalable and aligned with objectives that drive meaningful impact. "Jeremy is a strategic operator who blends sharp analytical thinking with i
AUSTIN, Texas, Feb. 06, 2025 (GLOBE NEWSWIRE) -- We are advised by Phunware, Inc. that journalists and other readers should disregard the news release, "Phunware Mobile Hospitality Solution Deployed at JW Marriott Phoenix Desert Ridge Resort & Spa" issued February 5, 2025, over GlobeNewswire.
Phunware Technology for Location-Based Services and Enhanced Connectivity Providing Guests Seamless, Property-Wide Navigation Integrated Solutions for Data-Driven Insights and Location Based Services to Boost Efficiency, Revenue, and Guest Satisfaction AUSTIN, Texas, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, announced today that JW Marriott Phoenix Desert Ridge Resort & Spa is deploying its enhanced Smart Hospitality Solution. The app will provide JW Marriott Desert Ridge guests using iOS and Android operating systems with real time navigation capabilities across 950 guest
Survey Discovers Key Factors that Influence Guest Interactions and Preferences for Mobile App Engagement with Actionable Recommendations for Resort Operators AUSTIN, Texas, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, released The Essential Guide to Resort Guest Digital Experience. The guide is based on a survey, conducted by Phunware, of 780 U.S. travelers from August to September 2024 to better understand resort guest expectations, behaviors and preferences using mobile apps while traveling. "As digital technology levels the boundaries between physical and digital experienc
AUSTIN, Texas, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, announced today Interim Chief Executive Officer Stephen Chen will participate in the 13th Annual ROTH Technology Conference at the Hard Rock Hotel in New York City on Wednesday, November 20, 2024. Stephen Chen will hold one-on-one meetings with institutional investors on site during this annual invitation-only event. Event:13th Annual Roth Technology ConferenceDate:November 20, 2024Location:Hard Rock Hotel, 159 W 48th St, New York, NY 10036Format:In-person 1x1'sConference Website:Click here For more information on th
AUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, announces its financial results for the quarter ended September 30, 2024. Financial Highlights Steady progress in reducing net loss; Net loss from continuing operations was $2.8 million, or ($0.25) per share, for Q3 2024, as compared to a net loss of $13.7 million, or ($5.72) per share, for Q3 20231Net cash used in operating activities from continued operations was $10.4 million for Q3 2024, as compared to $14.6 million for Q3 2023Year-to-date software and subscription bookings up 300% over prior yearCash and cash equ
H.C. Wainwright downgraded Phunware from Buy to Neutral and set a new price target of $6.00 from $9.00 previously
Roth Capital reiterated coverage of Phunware with a rating of Buy and set a new price target of $4.00 from $5.00 previously
HC Wainwright & Co. reiterated coverage of Phunware with a rating of Buy and set a new price target of $5.50 from $2.00 previously
HC Wainwright & Co. initiated coverage of Phunware with a rating of Buy and set a new price target of $2.00
ROTH Capital initiated coverage of Phunware with a rating of Buy and set a new price target of $2.50
Chan's expertise bolsters company's focus on strategic growth and expansion. LOS ANGELES, March 19, 2025 /PRNewswire/ -- Nativo, the leading platform helping brands and publishers create advertising that connects better, today announced the hiring of Marcus Chan as SVP and Head of Finance. Chan's extensive expertise in corporate development within the software, media, and advertising spaces strengthens and sharpens Nativo's plans for strategic growth in both established and new channels and geographies. "Nativo has been evolving our business to combine our premium differentiat
25-Year Corporate Strategy & Development Executive at Fortune 500 Consumer Brands to Advance Company's New Strategic Growth Initiatives AUSTIN, Texas, March 04, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, announced today the appointment of Quyen Du to its Board of Directors as an independent director, effective February 28, 2025. Ms. Du will also serve on the Company's Audit, Compensation and Nominating and Corporate Governance Committees. Ms. Du brings 25 years' experience in strategy and corporate development to the Company. Based in Texas, she is a recognized leader in finance, med
AUSTIN, Texas, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, today announced the appointment of Jeremy Krol as Chief Operating Officer (COO) effective February 10, 2025. Mr. Krol, who joined Phunware in June 2024 and most recently held the position of Fractional COO, brings more than 20 years of experience with a background in engineering, finance, and technology startups. He will oversee the Company's operations to ensure the business is scalable and aligned with objectives that drive meaningful impact. "Jeremy is a strategic operator who blends sharp analytical thinking with i
Accomplished Public Company Executive at Leading Fortune 500 and Silicon Valley Technology Companies Brings Growth, Turnarounds, and Innovation Expertise AUSTIN, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN), a leader in cloud enterprise solutions for mobile applications and related enterprise technologies, today announced the appointment of Rahul Mewawalla, who has served as a director of the company since October 2021, as Chairman of the Board, effective immediately. As Chairman, Mewawalla will provide guidance to the Phunware leadership team and help drive corporate strategy to accelerate expansion and innovation, which includes opportunities in generative AI,
AUSTIN, Texas, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN), a leader in cloud enterprise solutions for mobile applications and related technologies, announced today that Michael Snavely, CEO of Phunware, has retired and resigned from Phunware. Stephen Chen, former Chairperson of the Phunware Board of Directors, has assumed the role of interim CEO of Phunware, effective October 22, 2024. "We appreciate Mike's dedication and service to Phunware and wish him much success in the future," said Mr. Chen. "I am proud and excited to assume the role of interim CEO as we prepare to embark on new opportunities in generative AI, predictive analytics, and cloud-based services. We
AUSTIN, Texas, May 07, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) (the "Company"), the leading provider of patented wayfinding and mobile engagement solutions that enable brands to engage, manage and monetize anyone anywhere, announced that hospitality industry veteran Paul Ruffino has been appointed as a Strategic Advisor to guide Phunware's hospitality offering, effective May 7, 2024. Prior to joining Phunware, Ruffino led the development and launch of Hospitality Management's NOLA Hospitality in New Orleans, showcasing his innovative approach to hospitality. His distinguished career includes executive positions at well-known properties such as The Excelsior in Rome and T
AUSTIN, Texas, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) (the "Company"), the leading provider of patented wayfinding and mobile engagement SaaS solutions that offer the only fully integrated enterprise cloud platform for mobile that enables brands to engage, manage and monetize anyone anywhere, announced the appointment of Elliot Han to its Board of Directors on January 21, 2024. Han brings extensive experience to Phunware's board. He currently serves as a Partner at PGP Capital Advisors, a boutique investment/merchant bank where he focuses on mergers & acquisitions and corporate finance both in the domestic and international arena. His expertise spans a range of a
AUSTIN, Texas, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) (the "Company"), the pioneer of patented Location Based SaaS solutions that offer the only fully integrated enterprise cloud platform for mobile that enables brands to engage, manage and monetize anyone anywhere, announced today that Jeremy Kidd has been hired as its Senior Vice President of Sales and Marketing, effective November 22, 2023. Jeremy comes to Phunware with over two decades of sales leadership in mobile applications, AI, and augmented and virtual reality. Jeremy was previously VP of Sales for Phunware and in that role was responsible for some of the largest contracts in Company history, including FO
AUSTIN, Texas, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) (the "Company"), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today that Mike Snavely has been hired as the Company's Chief Revenue Officer, effective September 12, 2023. "I am delighted to rejoin Phunware, bringing my experience in SaaS, enterprise software, and channel development at this stage of the Company's journey," said Mike Snavely, Chief Revenue Officer of Phunware. "I look forward to working with the phenomenal people at Phunware to help the market reimagine how they engage their customers using our indust
AUSTIN, Texas, June 02, 2023 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) ("Phunware" or the "Company"), the pioneer of Location Based SaaS and offers the only fully integrated enterprise cloud platform for mobile that enables brands to engage, manage and monetize their anytime, anywhere users worldwide, announced the appointment of Troy Reisner as Chief Financial Officer ("CFO"), effective June 2, 2023. Mr. Reisner will succeed Matt Aune and will become a member of the Company's executive management team, reporting to Russ Buyse, the Company's Chief Executive Officer. Matt Aune will fully transition into his role as an advisor and continue to support the Company through December 31, 2
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AUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, announces its financial results for the quarter ended September 30, 2024. Financial Highlights Steady progress in reducing net loss; Net loss from continuing operations was $2.8 million, or ($0.25) per share, for Q3 2024, as compared to a net loss of $13.7 million, or ($5.72) per share, for Q3 20231Net cash used in operating activities from continued operations was $10.4 million for Q3 2024, as compared to $14.6 million for Q3 2023Year-to-date software and subscription bookings up 300% over prior yearCash and cash equ
Management to Host Business Update Conference Call on Thursday, November 7, 2024 at 4:30 p.m. ET AUSTIN, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), a leader in enterprise cloud solutions for mobile applications, announces it will report third quarter 2024 financial results after the U.S. financial markets close on Thursday, November 7, 2024 and will host a live conference call at 4:30 p.m. ET to discuss the results, recent leadership changes, ongoing initiatives and upcoming milestones. Following management's formal remarks, there will be a question-and-answer session. To listen to the conference call, interested parties within th
AUSTIN, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), the mobile experience platform that guides your customers through every step of their journey with you, announces its financial results for the quarter ended June 30, 2024. "We are pleased to report solid results and continued momentum in our business for the second quarter," said Troy Reisner, Phunware CFO. "Our team continued to work hard to support our existing customers, including executing early renewals with three of our largest customers, which demonstrates the demand for and value of our product and services." Financial Highlights 623% and 939% increase in software
AUSTIN, Texas, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. ("Phunware" or the "Company") (NASDAQ:PHUN), the mobile experience platform that guides your customers through every step of their journey with you, today announced it will report its financial results for the second quarter 2024 after the U.S. financial markets close on Thursday, August 8, 2024 and will host a live conference call at 4:30 p.m. ET to discuss the results. Following management's formal remarks, there will be a question-and-answer session. To listen to the conference call, interested parties within the U.S. should dial 1-800-715-9871 (domestic) or 646-307-1963 (international). All callers should dial in approx
AUSTIN, Texas, July 01, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) (the "Company"), the mobile experience platform that guides your customers through every step of their journey, was added to the FTSE Russell Microcap® Index at the conclusion of the 2024 FTSE Russell annual index reconstitution, effective after market close on June 28, 2024. "We are pleased to rejoin the Russell Microcap Index. This represents a recognition and validation of the work we've done to put ourselves back on a growth trajectory," said Mike Snavely, CEO of Phunware. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by tot
AUSTIN, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) ("Phunware" or the "Company"), the leading provider of patented wayfinding and mobile engagement solutions that enables brands to engage, manage and monetize anyone anywhere, today announced financial results for the quarter ended March 31, 2024. "We've had a strong start to our year," said Mike Snavely, CEO of Phunware. "New logo sales, gross margins and improvement in the strategic financial position of the company are the bright spots. We have the product, the team, and the pipeline to continue to make a global difference in mobile." First Quarter 2024 Financial Results - A Foundation to Build Upon Statement
AUSTIN, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) ("Phunware" or "the Company"), the leading provider of patented wayfinding and mobile engagement solutions that enable brands to engage, manage and monetize anyone anywhere, will hold a conference call on Thursday, May 9, 2024, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the first quarter ended March 31, 2024. Financial results will be issued in a press release prior to the call. Phunware management will host the conference call, followed by a question and answer period. Date: Thursday, May 9, 2024Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)U.S. dial-in: 888
AUSTIN, Texas, March 12, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) ("Phunware" or "the Company"), the leading provider of patented wayfinding and mobile engagement solutions for mobile that enables brands to engage, manage and monetize anyone anywhere, today announced financial results for the year ended December 31, 2023. "Our company today is dramatically stronger than the one we talked about in November," said Mike Snavely, CEO of Phunware. "With management changes, a reduction in our cost structure and marked improvements to the balance sheet we've moved into executing on our vision. We have significant traction with existing and new accounts and a new vision of how we're
AUSTIN, Texas, March 04, 2024 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ:PHUN) ("Phunware" or "the Company"), the leading provider of patented wayfinding and mobile engagement solutions for mobile that enables brands to engage, manage and monetize anyone anywhere, will hold a conference call on Tuesday, March 12, 2024, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2023. Financial results will be issued in a press release prior to the call. Phunware management will host the conference call, followed by a question and answer period. Date: Tuesday, March 12, 2024 Time: 4:30 p.m. Eastern time (1:30
AUSTIN, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) ("Phunware" or the "Company," "we," "us" or "our"), the pioneer of Location Based SaaS that offers the only fully integrated enterprise cloud platform for mobile that enables brands to engage, manage and monetize anyone anywhere, today announced financial results for the quarter ended September 30, 2023. "I am pleased to announce the launch of the Phunware 3.0 strategy, which focuses on the pillars of continued software sales, the development of additional strategies to monetize our IP, and the resumption of development and incipient launch of our digital assets ecosystem, including PhunToken, PhunCoin and Phun