Core Insights - Phunware, Inc. announced the deployment of its enhanced Smart Hospitality Solution at JW Marriott Phoenix Desert Ridge Resort & Spa, providing guests with real-time navigation capabilities across the resort's 950 guest rooms and various amenities [1][2][3] Company Overview - Phunware is a leader in enterprise cloud solutions for mobile applications, specializing in mobile app solutions with integrated intelligent capabilities [11] - The company aims to transform mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences [12] Product Features - The Smart Hospitality Solution includes on-property navigation, allowing guests to find rooms, event venues, dining options, and other amenities easily [4] - The app facilitates dining reservations at various restaurants within the resort, enhancing the guest experience [5] - Guests can conveniently book poolside cabanas and participate in resort-hosted events and activities through the app [6] - Spa treatments and golf reservations can also be scheduled effortlessly via the app, streamlining the planning process for guests [7] Strategic Importance - The collaboration with JW Marriott aligns with the growing trend of mobile-first guest experiences in the hospitality industry, showcasing how technology can enhance guest satisfaction [8] - Phunware's solutions are positioned to help luxury hotels and resorts exceed guest expectations through personalized and easy-to-use digital interfaces [8]

Core Insights - Phunware, Inc. announced the deployment of its enhanced Smart Hospitality Solution at JW Marriott Phoenix Desert Ridge Resort & Spa, providing guests with real-time navigation capabilities across the resort's 950 guest rooms and various amenities [1][2]. Company Overview - Phunware is a leader in enterprise cloud solutions for mobile applications, specializing in mobile app solutions with integrated intelligent capabilities [11]. - The company aims to transform mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences [12]. Product Features - The Smart Hospitality Solution includes on-property navigation, allowing guests to easily locate rooms, event venues, dining options, and other amenities, enhancing the overall guest experience [4]. - The app facilitates dining reservations at various restaurants within the resort, including Tía Carmen and Kembara [5]. - Guests can conveniently book poolside cabanas and participate in resort-hosted events and activities through the app [6]. - The app also allows for effortless scheduling of spa treatments and golf reservations, simplifying the planning of guests' activities [7]. Strategic Importance - The collaboration with JW Marriott aligns with the growing trend of mobile-first guest experiences in the hospitality industry, showcasing how technology can enhance guest satisfaction and engagement [3][8].

Core Viewpoint - Phunware Inc. is approaching a potential technical milestone known as a Golden Cross, which could signal a shift from bearish to bullish momentum in its stock performance [1][4]. Technical Analysis - Despite recent bearish trends, Phunware's stock price is currently at $4.39, below all major moving averages, including the 8-day, 20-day, 50-day, and 200-day simple moving averages [2]. - The MACD indicator is at a negative 0.36, and the RSI is at 43.75, indicating ongoing selling pressure [3]. - The potential Golden Cross, where the 50-day moving average crosses above the 200-day moving average, could attract traders looking for an uptrend [4]. AI Initiatives - Phunware is developing an AI-powered canvassing tool in collaboration with MyCanvass, aimed at providing actionable insights on voter sentiment and outreach effectiveness [5][6]. - The company is also planning to launch a generative AI platform by mid-2025, indicating a strong focus on AI-driven growth despite leadership changes [7]. Future Outlook - The combination of the potential Golden Cross and ambitious AI initiatives may revitalize interest in Phunware's stock, which has been associated with the 'Trump trade' [8].

Phunware (PHUN) has been beaten down lately with too much selling pressure. While the stock has lost 36% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measu ...

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 bette ...

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 R ...

Financial Data and Key Metrics Changes - Year-to-date software subscriptions and service bookings for the 9 months ended September 30 were approximately $2.2 million in 2024, a nearly 300% increase from approximately $600,000 in 2023 [21] - Net revenues for Q3 2024 totaled approximately $665,000, down from approximately $1.3 million in Q3 2023, with 2023 benefiting from a contract breakage fee [21] - Gross margin for the 9 months ended September 30 was approximately 51% in 2024, up from approximately 32% in 2023 [22] - Non-GAAP adjusted EBITDA loss was approximately $2.9 million in Q3 2024, an improvement from a loss of approximately $3.3 million in Q3 2023 [24] - Net loss from continuing operations for Q3 2024 was approximately $2.8 million or $0.25 per share, compared to a net loss of approximately $13.7 million or $5.72 per share in Q3 2023, reflecting a 96% improvement [24] Business Line Data and Key Metrics Changes - Total operating expense was approximately $3.5 million for Q3 2024, down from approximately $4.9 million in Q3 2023, excluding a $9 million goodwill impairment expense in Q3 2023 [23] - Year-to-date net revenues for the 9 months ended September 30 were approximately $2.6 million in 2024, compared to $3.9 million in 2023 [21] Market Data and Key Metrics Changes - The company remains debt-free with approximately $35.6 million in cash at the end of Q3 2024, which increased due to the utilization of the at-the-market equity program [26] - As of November 6, 2024, the company had approximately $100 million in cash and cash equivalents, significantly boosted by the ATM equity program [27] Company Strategy and Development Direction - The company aims to leverage mobile devices as a foundation for AI-driven personalized engagement, focusing on merging mobile technology with generative AI [6][8] - A next-generation AI-driven SaaS platform is anticipated to launch in mid-2025, designed to democratize mobile app creation [11] - The company is focused on scalable modular frameworks that integrate with existing platforms to support high-value customer engagements across various industries [15] Management's Comments on Operating Environment and Future Outlook - Management emphasizes the importance of fiscal responsibility and efficient capital use to ensure long-term value for shareholders [16] - The company sees itself as a leader in the rapidly expanding generative AI market, aiming to redefine how businesses and governments engage with customers and citizens [17] - Management acknowledges the challenges of building from the ground up but believes in the potential of generative AI and localized solutions for enterprise and federal government contracts [56][57] Other Important Information - The company is actively seeking to strengthen its team to align with its strategic direction, including the search for a new CFO [18] - The company has a robust pipeline of potential clients ready to engage with its AI-powered solutions for civic engagement [49] Q&A Session Summary Question: Plans around the SaaS platform launch - Management indicated that the SaaS platform is an evolution of existing capabilities, focusing on automating app creation processes [30][32] Question: Growth strategy and potential acquisitions - Management expressed a judicious approach to growth, focusing on organic scaling of the SaaS platform and potential acquisitions that align with their strategic goals [33][34] Question: Revenue visibility and future business outlook - Management acknowledged the current revenue base is low but sees opportunities in generative AI and enterprise engagements, emphasizing a long runway for growth [56][58] Question: Focus on U.S. vs. international opportunities - Management confirmed a primary focus on the U.S. market initially, with plans to explore international opportunities in the future [61] Question: Digital advertising opportunities - Management highlighted the importance of digital advertising as a revenue source and is focused on enhancing productivity through internal generative AI tools [65][70]

Phunware Reports Third Quarter 2024 Financial Results AUSTIN, Texas, November 7, 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) pe ...

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 ...

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, ...