Phunware Inc (PHUN)

[candeloro]

This is a 5 year old news and shows in my opinion exactly PHUNs problem.

"The company is responsible for multiscreen infrastructure, software and application development services for an impressive list of top-tier customers including E! Entertainment Television, NBC Sports, WWE, NASCAR, CBS, Qualcomm, Edmunds, Jawbone, HomeAway, Turner, UHealth, Transamerica, King, Warner Brothers, AT&T and Adobe amongst many others."

This is the repeating marketing narrative for 5 years including the same names.
What has happened in 5 years development? 30 million yearly revenue?
Every of the named companys would spend a way bigger number per month without blinking an eye if there would be something to pay for.

"Founded in 2009, and headquartered in Austin, Phunware has achieved dramatic growth since inception and closed 2013 with revenues of $22.1M. The company currently supports more than 1 trillion annual transactions on its “multiscreen cloud platform” across nearly 190 countries and 10 languages."

So in 6 years since 2013 revenue climbed from 22 million to 32 million.
The number of mobile transactions in the size of trillions and billions is still the same.
What did you do in 6 years till the cryypto-story "saved" you?

Now the Phuncoin is added and all those names are now mixed into the crypto phantasy.
Which is fair enough, but lets face it, this is a mobile app company with a small revenue stream resulting on marginal projects in relation to the size of the named company.

90% of the study cases on the website are years old, but as an investor I do not need study cases but paid constant revenue generating projects.

It is nice to have once developed an app that shows the visitors of a WWE event were the toilets and food kiosks are or when a signing hrs starts, but I am not sure if naming the WWE then 5 years later as a "partner" is really more than marketing talk, if after that event not a single paid contract followed.

Look for the last PHUN news published were a company signed a contract of repeated payments for services or licensing a patent for more than a year.

Look here:
https://www.phunware.com/tag/phunware-in-the-news/

3 promotional videos and then we are back in 2014 and older.
IMO this is a pure crypto based marketing stunt of a company that could not create a significant product in 9 years.