Phunware, Inc (NASDAQ:PHUN ) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Brooks Hamilton - MZ Group Stephen Chen - Chief Executive Officer Troy Reisner - Chief Financial Officer Conference Call Participants Scott Buck - H.C. Wainwright Ed Woo - Ascendiant Capital Howard Halpern - Taglich Brothers Operator Ladies and gentlemen, thank you for standing by.
Shares of “Trump trades” DJT and Phunware were set to continue their post-election pullback Friday.
Phunware Inc. reported a narrowed loss in the mobile-advertising company's third-quarter results after market close Thursday, although net revenue declined sharply from the same period last year.
Shares of mobile-advertising company Phunware have soared in recent weeks.
Shares of Trump-related mobile-advertising company Phunware are up more than 8% in premarket trades after snapping a five-day losing streak Monday.
Shares of Trump-related mobile-advertising company Phunware are down more than 11% premarket.
Phunware, Inc. needs to focus on cash preservation and right-size operations to remain solvent. The firm has ~1 year of cash remaining on the balance sheet. Management is attempting to reignite growth by expanding its go-to-market strategy as it plans to roll out a GenAI feature in mid-2025. The firm has recently experienced a leadership change, posted notice of NASDAQ delisting, and raised capital through an ATM equity raise.
Shares of Phunware Inc. were down more than 35% after the retirement of Chief Executive Mike Snavely from the mobile-advertising company.
Shares of the mobile-advertising software company were climbing on no apparent news Tuesday, sparking more chatter on social media.
Shares of Phunware Inc. rose 17.7% on Wednesday after the mobile-advertising software company gave a business update and announced the development of a new generative-AI platform.
Phunware (PHUN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Shares of Trump Media & Technology Group Corp. and mobile-advertising software company Phunware Inc. were both halted for volatility Tuesday on an eventful day for both stocks.