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Phunware redefining the way Fortune 500 brands engage with the public on mobile

Last updated: 16:23 12 Mar 2024 EDT, First published: 17:00 23 Nov 2021 EST

Snapshot

  • Phunware improves balance sheet in 2023 to prepare for growth initiatives
  • Phunware announces key client VHC Health has signed a 5 year contract renewal
Mobile cloud

About the company

Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware technologies, by leveraging brands, mobile consumers, partners and digital asset holders and market participants. With the activation of Phunware 3.0, Phunware is poised to expand its software products and services audience and verticals, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants.

How it is doing

12 Mar 2024

Phunware Inc (NASDAQ:PHUN) has reported its financial results for the year ended December 31, 2023, with management highlighting improvements to the company’s balance sheet in preparation for its growth initiatives.

“Our company today is dramatically stronger than the one we talked about in November,” Phunware CEO Mike Snavely said in a statement accompanying the company’s results.

“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 serving our markets.”

For 2023, the wayfinding and mobile engagement solutions provider reported revenue of $4.8 million.

27 Feb 2024

Phunware Inc (NASDAQ:PHUN) has announced a new multi-year partnership, through which the firm will expand its hospitality offerings in Quebec, Canada.

Phunware’s hospitality solution, including mobile applications, will be rolled out to guests of Escapades Memphrémagog's cruise under the deal, the firm said on Tuesday.

07 Feb 2024

Phunware Inc (NASDAQ:PHUN) has detailed plans to raise US$10 million through a public offering to fuel expansion and product initiatives.

Funds will be raised through the issue of 40 million shares of common stock, priced at US$0.25 each, the software and blockchain company said on Wednesday.

What management says

18 Oct 2023

Phunware Chief Operating Officer Randall Crowder joined Steve Darling from Proactive to share details the company has announced a significant five-year contract renewal. The company has renewed its contract to license its digital front door and patented location-based services to VHC Health, a leading healthcare provider in Virginia.

Phunware's Digital Front Door includes several key components, such as a mobile application designed for both iOS and Android platforms, optimized for healthcare. It provides essential features like wayfinding to navigate VHC Health's main campus with real-time instructions, integration with MyChart, which allows patients to access vital medical information, and access to Physician and Services Directories. This renewal strengthens the ongoing partnership between Phunware and VHC Health, helping to enhance the healthcare experience for patients in the region.

Phunware announces key client VHC Health has signed a 5 year contract renewal

Phunware Chief Operating Officer Randall Crowder joined Steve Darling from Proactive to share details the company has announced a significant five-year contract renewal. The company has renewed its contract to license its digital front door and patented location-based services to VHC Health, a...

on 10/18/2023