Shares of Texas-based technology firm Phunware (NASDAQ:PHUN) stock are getting a major boost on Tuesday morning. The move comes on the day that Phunware will at the slated for later in the day.
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So, what is Phunware? Let’s dive deeper into the company profile to find out.
- The firm launched back in 2009, and focuses on mobile applications, as well as location tracking and advertising software.
- Phunware pioneered , which is a “fully integrated that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale.”
- It offers a number of different services with its impressive lineup of .
- The firm’s products include mobile engagement, location services, content management, audience monetization and of course, blockchain.
- According to the company’s website, its solutions range from and , to helping media companies and a .
- Phunware also boasts , and says it is “tested and scalable to 25 million concurrent users.”
- In its most recent quarter, the firm reported revenues of $3.13 million — an increase of more than 42% quarter-over-quarter.
- $2.86 million of the the total revenue emerged from Phunware’s MaaS platform subscriptions and services.
- The company also said its gross margin for the quarter came in at 71.3%.
- For a bit of a preview regarding Tuesday’s presentation, .
PHUN stock was up 36% as of Tuesday afternoon.
On the date of publication, Nick Clarkson did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Nick is a web editor at InvestorPlace.
