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    PHUN   US71948P1003

PHUNWARE, INC.

(PHUN)
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Phunware : Arranges 2022 Revenue Guidance & Revises Investment Policy for Cash Management

11/18/2021 | 01:03pm EST
Phunware Arranges 2022 Revenue Guidance & Revises Investment Policy for Cash Management
Posted November 18, 2021
Phunware Arranges 2022 Revenue Guidance & Revises Investment Policy for Cash Management2021-11-182021-11-18https://www.phunware.com/wp-content/themes/jupiter-child/images/pw-logo.svgPhunwarehttps://www.phunware.com/wp-content/uploads/2021/11/blog-2022-revenue-guidance-featured.jpg200px200px

Phunware has announced revenue guidance of $25 million for 2022, including a revised corporate investment policy providing even more flexibility for diversifying and maximizing returns on cash reserves that are not immediately required for operating liquidity.

"We were thrilled to announce over $65 million cash on-hand and are committed to leveraging a healthy balance sheet to support long-term organic and inorganic growth initiatives that seek to mitigate an operational backdrop of rapid inflation," said Matt Aune, CFO of Phunware. "While we expect to more than double organic revenues to $25 million in 2022, our board has also taken a forward-thinking approach to managing our cash reserves and has chosen to leverage Decentralized Finance (DeFi) as a strategic and tactical competitive advantage, including bitcoin, stablecoins and alternative cryptocurrencies."

Read the full article from Proactive

Phunware Arranges 2022 Revenue Guidance & Revises Investment Policy for Cash Managementwas last modified: November 18th, 2021by Phunware
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Disclaimer

Phunware Inc. published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 18:02:06 UTC.


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Financials (USD)
Sales 2021 10,3 M - -
Net income 2021 -23,8 M - -
Net cash 2021 68,9 M - -
P/E ratio 2021 -7,38x
Yield 2021 -
Capitalization 229 M 229 M -
EV / Sales 2021 15,6x
EV / Sales 2022 6,39x
Nbr of Employees 58
Free-Float 93,0%
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Technical analysis trends PHUNWARE, INC.
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Mean consensus BUY
Number of Analysts 4
Last Close Price 2,38 $
Average target price 5,19 $
Spread / Average Target 118%
EPS Revisions
Managers and Directors
Alan S. Knitowski President, Chief Executive Officer & Director
Matt Aune Chief Financial Officer
Keith O. Cowan Chairman
Luan D. Dang Chief Technology Officer
Randall Crowder Chief Operating Officer & Director
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