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  • Phunware (PHUN) Stock Soars In After-Hours Session Following An Acquisition Move

    Phunware (PHUN) Stock Soars In After-Hours Session Following An Acquisition Move

    After-hours trading on Monday saw a notable increase in the price of Phunware, Inc. (NASDAQ: PHUN) stock, with shares rising 10.71% to $7.65. The company’s announcement of its intention to purchase majority shares in MyCanvass, LLC, a software-as-a-service (SaaS) platform created by well-known political strategist Brad Parscale, was the catalyst for this increase.

    Currently, Campaign Nucleus has an indirect majority stake in MyCanvass, LLC. Phunware has entered into a term sheet to acquire a controlling interest in MyCanvass through a combination of cash and stock, amounting to a total value of $1.02 million.

    Strategic Implications of MyCanvass

    MyCanvass specializes in providing advanced voter and advocacy engagement tools, including mobile applications designed to enhance political campaign efforts. It is anticipated that the platform will be essential to Phunware and Campaign Nucleus’s goal of using its canvassing software to enhance voter identification, engagement, and mobilization.

    As the two organizations strive to formalize final arrangements in the days ahead, this acquisition demonstrates a shared goal to improve the effectiveness of political activities both locally and globally.

    Prospects for the Future

    MyCanvass will serve as the foundation for a strategic alliance between Phunware and Campaign Nucleus, with a focus on creating AI-powered canvassing solutions. The partnership seeks to promote accountability, openness, and grassroots empowerment in advocacy and political campaigns.

    The partners want to build a strong digital infrastructure that can support individualized voter outreach and engagement by using MyCanvass’s technology, which will boost campaign efficacy.

    Addressing the Need for Advanced Campaign Tools

    As the political landscape becomes increasingly dynamic, the need for innovative, AI-driven canvassing tools has become paramount. The acquisition of MyCanvass aligns with Phunware and Campaign Nucleus’s vision to equip grassroots movements with state-of-the-art technology, enhancing voter and advocacy engagement while ensuring the integrity of political campaigns.

    Both companies are committed to investing in advanced political technology solutions that address evolving electoral needs, reinforcing their position in the rapidly changing landscape of political advocacy.

  • What Helped Phunware (PHUN) Stock Rise Pre-Hours?

    Phunware, Inc. (Nasdaq: PHUN) witnessed an impressive surge in its shares during the pre-hours session, with an increase of 8.40%, reaching a trading price of $0.40 at the last check.

    This significant boost came after a notable gain of 7.24% during the regular trading session, where the stock closed at $0.369.

    The company’s strategic initiatives were attributed to the rise in the PHUN stock price.

    Phunware (PHUN) recently unveiled a series of strategic initiatives aimed at bolstering its financial performance and ensuring long-term viability.

    By implementing these measures, the company anticipates significant annual cost savings exceeding $5.0 million.

    As part of this strategic optimization drive, PHUN faced the difficult but necessary choice of implementing a reduction in force that would impact roughly 33% of its workforce across all departments.

    This action wasn’t a reflection of the affected team members’ dedication or performance but a calculated move to refocus efforts on the most promising revenue-generating opportunities.

    The goal is to ensure Phunware’s continued success in the ever-changing landscape of mobile technology.

    Alongside workforce reduction, PHUN is introducing other cost-cutting measures to transform into a leaner and more efficient organization.

    Streamlining operations, cutting non-essential expenses, and optimizing resource utilization are among the strategies to enhance overall efficiencies.

    Furthermore, PHUN is proud to announce the launch of its Smart Hospitality Solution at the exquisite Thumper Pond Resort, situated in the heart of Minnesota.

    This idyllic resort offers a perfect blend of relaxation and excitement, with a championship golf course, luxurious spa, world-class dining, and an invigorating indoor water park—all set amidst over 200 acres of lush woodland.

    Guests can expect a captivating escape, where the beauty of nature harmonizes with top-tier amenities and a commitment to exceptional service.

    The resort now features native iOS and Android applications optimized for hospitality, utilizing core device capabilities to create more secure, intuitive, and engaging experiences.

    Through these apps, guests can receive personalized notifications based on their preferences and location, significantly enhancing communication and their overall experience at the resort.

    The strategic cost-saving efforts by Phunware (PHUN), including workforce reduction and other optimization measures, demonstrate their commitment to adapting to the dynamic market and setting the stage for sustainable, long-term success.

    The introduction of the Smart Hospitality Solution at Thumper Pond Resort adds another layer of innovation to their portfolio, enhancing guest experiences and solidifying PHUN’s position as a leading player in the mobile technology domain.

  • Phunware Inc (PHUN) stock is gaining in the pre-market. Here’s why

    The stock of Phunware Inc (PHUN) closed the recent trading session at $3.18, losing 3.05% from the previous trading session. The stock surged in the pre-market, gaining 13.52% to $3.61. PHUN filed the form SC 13G/A with the SEC on February 14, 2022. The form refers to the acquisition of beneficial ownership of 5% or more of equity securities. The company also announced the PhunToken uniswap liquidity pool rewards program.

    News

    On February 17, 2022, Phunware Inc (PHUN) announced the launch of PhunToken (PTHK) liquidity swap rewards for a trading pair of Ether-PhunToken. The program will be launched at Uniswap V2. Besides, the PTHK is currently available on the Phuntoken website for purchase against BTC, US Dollar, or ETH.

    The reward program will release next month. The eligible wallets will get the first reward in April. The entitled providers will get the rewards for at least a 30-day period. These rewards are apart from the 0.3% fee that the providers get from the Uniswap trades.

    The CEO of PHUN, Alan S. Knitowski, said that they are excited to make this significant next stride in commercializing a genuinely decentralized data economy. This can use the features and abilities of their Multiscreen-as-a-Service (MaaS) stage. He further added that exchanges like Uniswap will help them in decentralizing the PhunToken and will stretch out admittance to MaaS usefulness, globally.

    Moreover, the eligibility criteria for PhunToken are that members should effectively finish the KYC/AML process. Further, each liquidity is expectable for the reward after 30 days of addition. Not only also, but all members will also split the reward pool. If ETH-PHTK liquidity is taken out anytime, all past liquidity for that lock period will be excluded.

    About PHUN

    Phunware Inc (PHUN) participates in the development of a Multiscreen-as-a-Service platform (MaaS) for mobile. In addition, the products and services include mobile software licenses in software development kits (SDKs) form utilized inside mobile applications. The company has its headquarter in Austin, Texas, United States of America (USA).

     

     

  • How Does The Phunware (PHUN) Stock Price Increase By 10% Premarket?

    How Does The Phunware (PHUN) Stock Price Increase By 10% Premarket?

    Shares of Phunware Inc. (PHUN) were last checked at $1.13 up 9.71% in pre-market trade. PHUN stock closed at $1.03 last session, decreasing -5.5% or $0.06. A share of Phunware stock fluctuated between $1.00 and $1.09 during the day. There were 1.87 million shares of PHUN stock exchanged, up from 1.68 million 50-day daily volumes and lower than the company’s 9.01 million year to date volume.

    The PHUN stock declined -32.68% over the past year, and in the last week it declined -7.21%. Price of Phunware stock has decreased by -43.09% during the past six months; however, since the last three months stock price has decreased by -35.63%. Thus far this year, PHUN stock has returned -18.25%. PHUN stock is moving up, as the company has hired a reputed firm to expand its investor relations efforts.

    Who has Phunware engaged?

    Phunware is a leading provider of Multiscreen-as-a-Service (MaaS), an enterprise cloud platform that is fully integrated for mobile. With PHUN MaaS, companies can engage, manage, and monetize their mobile application portfolios and audiences globally at scale through products, solutions, data, and services. Location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunToken & PhunCoin), and analytics make up PHUN’s Software Development Kits (SDKs).

    In addition to the SDK for developing mobile applications, PHUN’s SDK also includes software modules that are pre-integrated with iOS and Android to allow customers to build vertical solutions and apps in-house or for their channels. When operating at scale, PHUN’s platform is touched by approximately one billion active devices each month, helping the world’s top brands create category-defining mobile experiences.

    As part of its expanded investor relations program initiatives, Phunware has engaged Steve Grasso of Grasso Global, Inc., to support institutional investor outreach as well as other consultation services, announced PHUN in a statement today.

    • In an environment where brands seek to leverage mobile platforms to personalize customer engagement, PHUN has an outstanding opportunity to lead a transformational shift.
    • In addition to introducing Phunware to institutional investors, Grasso will work with management to strategize on how to navigate the financial markets more effectively.
    • In over 20 years, Grasso has provided real-time trading advice and services to the world’s largest mutual funds, pension funds, insurance companies, and hedge funds.
    • By closely monitoring the Washington DC/Markets connection and utilizing his extensive network on Capitol Hill and the SEC, Grasso keeps clients informed of policy and regulatory changes.

    A value addition to PHUN team:

    The primary goal of Phunware (PHUN) is to maximize shareholder value, and it is certain that working closely with Grasso and his team at Grasso Global will help PHUN achieve that goal. The trade and institutional investment competencies of Grasso make it an invaluable addition to the investor relations team at Phunware.

  • Phunware Inc. (PHUN) stock surged in the premarket trading session; here’s why

    In the premarket trading session, Phunware Inc. (PHUN stock) jumped up by 5.45% to trade at the price of $1.16 at last check. PHUN stock previously closed the session at a loss of -2.65% at $1.10. The PHUN stock volume traded 1.33 million shares, while in the past 50 days the average daily volume of share has been 2.28 million. In the past year, PHUN shares shed -23.61% and they dropped down in the past week by -13.39%. In the past three and six months, the stock has shed-30.82%, and -9.09% respectively. Furthermore, the PHUN stock is currently valued in the market at $80.08 million and has 64.59 million outstanding shares.

    What you need to know about Phunware Inc.

    Phunware Inc. is a Software-as-a-Service (SaaS) providing company that specifically provides integrated software platform. The company’s business model is b2b where it provides companies products, solutions, management tools and services as well.  The products and services also include cloud-based software which provides licenses in software development kits. The structure used inside versatile applications, for example, analytics that identifies information with application use and commitment; content administration that allows users to make and oversee application content in a cloud-based gateway; cautions, notices, and informing; showcasing mechanization that empowers area set off messages and work process; as well as a platform for promotion.

    There is also on-field based administrations and management that incorporate planning, route, wayfinding, work process, resource the executives, and strategy implementation. The organization likewise connects with the combination of its SDK licenses into existing applications kept up with by its clients, just as custom application improvement and backing administrations; arrangement of cloud-based vertical answers for medical care, retail, sports, avionics, land, accommodation, instruction, and different applications; and offering application exchanges, including re-happening and once value-based media buys for application disclosure, client obtaining and crowd building, crowd commitment, and crowd adaptation.

    Expansion of Phunware’s token and licensing of its Smart Hospitality Solution to a new client

    The company has announced that it has expanded its licensing offering for the Smart Hospitality Solution (SHS) to one of the largest resorts internationally known. Previously the company had a lot of hype and demand for its new digital currency known as PhunToken. It had launched an online portal for its purchasing. PhunToken has a blockchain-engaged Mobile Loyalty Ecosystem to assist with driving responsibility by opening the features and limits of Phunware’s Multiscreen-as-a-Service (“MaaS”) stage. PhunToken is planned to progress advantageous deal compensating purchasers for their movement, like watching marked recordings, completing outlines proposed to grasp purchasing plants and visiting characteristics of interest.

    It comes as no surprise that the hospitality industry is also trying to engage its customers on the online platform, in order to drive demand up post-pandemic. This is why the leading international luxury resort has acquired PHUN stock’s SHS to keep aware of pandemic related safety issues as well as provide tech-enabled experiences.The software will allow its customer to have access to exclusive features like Location based services, Mobile Engagement, Analytics, Content Management and Audience Monetization.

  • Phunware, Inc. (PHUN) Stock on the Rise Following Ten Million PhunToken Sweepstakes Announcement

    Phunware, Inc. (PHUN) Stock on the Rise Following Ten Million PhunToken Sweepstakes Announcement

    Phunware, Inc. (PHUN) stock prices were up by a significant 7.1428% shortly after market trading commenced on June 29th 2021, bringing the price up to USD$1.425 early on in the trading day.

    Ten Million PhunToken Sweepstakes

    June 28th, 2021 saw PHUN announce its Ten Million PhunToken Sweepstakes, which will coincide with the release of PhunWallet on the Apple app store. The release will see PhunWallet penetrate both the Apple and Android markets, having already been launched on Google Play. The Sweepstakes will commence at the end of July and will provide participants with the opportunity to early daily entries by engaging with content inside of the PhunWallet app. As per the initiative, 10 winners will be selected to receive one million PhunTokens each.

    PhunWallet

    The company hopes to combine its PhunWallet and its dual token economy to provide an innovative new platform to brands and consumers. The platform will serve to give stakeholders more control over their data and compensates consumers fairly for their participation. PhunWallet is a cryptocurrency wallet and mobile application that works in conjunction with the company’s proprietary blockchain-enabled data exchange and mobile loyalty ecosystem. The data exchange and ecosystem are respectively powered by PhunCoin and PhunToken.

    PHUN Cryptocurrency

    Being a regulated store of value, PhunCoin serves to compensate users for their data, while PhunToken is designed to be a medium of exchange that encourages profitable behaviour by unlocking key features of the company’s MaaS platform that reward and measure engagement.PhunCoin issuances identified by the SDK for Apple and Android can be manage by PhunWallet, facilitating the rewarding of consumers for their data with PhunCoin by third-party mobile applications.

    PhunWallet Services

    Besides managing PhunToken purchases, PhunWallet allows user to manage PhunCoin purchases made in accordance with approved exemptions. PhunTokens can be earned by participating in activities that foster profitable behaviour, such as watching branded videos, completing surveys and visiting points of interest. The platform also facilitates the discovery of brands, deals, and opportunities that are tailored to users. Through PhunWallet, users can opt in or out of specific audience segments that are used by brands to personalize data-enriched media without compromising their PII.

    Future Outlook for PHUN

    With the company set to be acquired, PHUN is poised for the expanded facilities that will be made available to it to drive further growth. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Phunware, Inc. (PHUN) stock is popping high today: Why is it so?

    Phunware, Inc. (PHUN) stock is popping high today: Why is it so?

    Shares of Phunware, Inc. (PHUN) stock were popping high today after the spread of the news that Phunware board of directors has authorized the Bitcoin purchases for the launch of the Blockchain ecosystem after which the PHUN stock price saw a push of  25.58% to reach $2.16 a share at the time of this writing.PHUN stock seemed green at the previous trading session and closed with a 6.17% gain. Let’s have a look at current events.

    What’s happening?

    Phunware, Inc is the provider of an integrated software platform to brands worldwide to monetize their mobile application portfolios.PHUN’s board of directors has authorized the Bitcoin purchases for the launch of its Maas Customer Data Platform and Maas Mobile Loyalty Ecosystem both of which are equipped with Blockchain technology.

    PHUN stock is expected to release its mobile application PhunWallet on both iOS and android soon this month after getting approvals from Apple App Store and Google Play Store.PhunWallet will reward consumers PhunCoin and PhunToken for the value of their data and engagement, respectively.

    Recent Developments:

    According to the management, Phunware recently completed the purchase of 25.8 bitcoin at an average price of $58,133 per bitcoin. PHUN stock has recently signed an agreement with BitPay in order to expand its corporate benefits package. Employees would be provided cryptocurrency payroll options including Bitcoin, in connection with this agreement.

    Financial View of PHUN stock:

    On March 26, 2021, Phunware stock announced the fourth quarter and full-year 2020 financial results according to which PHUN stock recorded $10.0 million net revenue in 2020. Revenue from the MaaS platform totaled $9.1 million for PHUN in 2020. Gross margin was 66.4% in 2020 while net loss and net loss per share were $22.2 million and $0.50, respectively.

    In the fourth quarter of 2020, earnings per share fell by 20% while the revenue was reduced by 24.93% as compared to the same period of the prior year to drop at $2,018,000 and missed the estimate of  $3,200,000.

    Conclusion:

    Investors are responding to the news of PHUN stock related to authorization of Bitcoin purchase by the board of directors of Phunware. Management is focused on the adoption of cryptocurrencies as well as providing blockchain services to various enterprises. Financial results of PHUN stock showed a declined growth in terms of its revenue. In a nutshell, deep fundamental and technical analysis is necessary before adding PHUN stock to the portfolio.