Troy Reisner Named New CFO of Phunware
June 3, 2023
🌥️Trending News
Phunware ($NASDAQ:PHUN), Inc. has recently announced that Troy Reisner is taking over as Chief Financial Officer, succeeding Matt Aune. Phunware is a publicly-traded, multi-screen, cloud-based mobile solutions provider that empowers brands through its proprietary mobile software platform. Delivering fully integrated, comprehensive mobile solutions that engage, manage and monetize users across the digital landscape, Phunware is transforming how brands connect and engage with their customers across multiple devices and operating systems.
They offer a suite of products that includes Mobile Engagement, Advertising, Analytics, and Location Based Services (LBS). Phunware is headquartered in Austin, Texas and their products are used by some of the world’s biggest brands, including Coca-Cola, Disney, Walmart and many more.
Stock Price
On Friday, PHUNWARE announced the hiring of Troy Reisner as its new Chief Financial Officer. Reisner brings a wealth of experience and expertise to PHUNWARE, having previously served as the CFO for a number of successful technology companies. The stock opened at $0.6 on the news and closed at the same price, down 1.7% from the prior closing price. This suggests that investors are cautious about the appointment, though it remains to be seen how Reisner will impact the company’s fortunes going forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Phunware. More…
| Total Revenues | Net Income | Net Margin |
| 19.76 | -40.25 | -177.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phunware. More…
| Operations | Investing | Financing |
| -24.04 | 9.07 | 4.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Phunware. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 45.46 | 23.56 | 0.21 |
Key Ratios Snapshot
Some of the financial key ratios for Phunware are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | – | -190.7% |
| FCF Margin | ROE | ROA |
| -124.8% | -100.7% | -51.8% |
Analysis
GoodWhale has conducted a financial analysis of PHUNWARE and determined that it is a high risk investment. We have identified three risk warnings within PHUNWARE’s income sheet, balance sheet, and financial journal. These risks range from lack of liquidity, overexposure to debt, and weak cash flow. When assessing the overall financial health of PHUNWARE, our team has concluded that there is a higher than normal level of risk associated with this company. We recommend investors take a closer look at PHUNWARE’s income sheet, balance sheet, and financial journal to identify any potential risks before investing. Register with GoodWhale to gain access to our comprehensive financial analysis of PHUNWARE and stay informed about any risks associated with this investment. Our team is committed to providing the most up-to-date and accurate information on PHUNWARE to ensure that investors make the best decision possible. More…
Peers
The Company is a global provider of enterprise class software platforms for mobile that provide contextual mobile experiences for consumers, employees and things. Phunware has created one of the world’s first and only end-to-end cloud-based, multiscreen, multidevice, content management, and big data analytics platform for mobile that can be completely integrated into an existing enterprise ecosystem.
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Summary
PHUNWARE, Inc. has announced that Troy Reisner will become the company’s new Chief Financial Officer (CFO), succeeding Matt Aune. Reisner brings extensive experience in financial leadership and capital markets to the position. He most recently was CFO at Verscend Technologies, a healthcare technology company. Investors may view this transition positively, as Reisner is well-positioned to drive PHUNWARE’s growth strategies and financial goals. As CFO, Reisner will lead the company’s finance strategy and financial operations. He will be responsible for developing and overseeing the company’s overall financial plans, as well as providing guidance on corporate development opportunities.
Additionally, he will oversee investor relations and work with the Board of Directors to manage risk and compliance.
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