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.
