Siemens Leverages Phunware to Enhance Smart Infrastructure Solutions
April 15, 2023
Trending News ☀️
Siemens Connect has recently announced that they have chosen Phunware ($NASDAQ:PHUN) to provide smart infrastructure solutions. Phunware is a mobile-first platform that goes beyond mobile app development, providing an all-in-one solution for businesses to engage, manage and monetize their users globally. The company offers enterprises a comprehensive set of integrated mobile software platform products and solutions that enable brands to engage and interact with their mobile application users worldwide. Specifically, Phunware helps enterprises develop, manage, optimize and monetize their mobile applications. This includes full-service multi-channel marketing and loyalty services, AI-driven analytics and insights as well as enterprise-grade secure cloud infrastructure.
This collaboration between Siemens Connect and Phunware will enable the company to leverage their expertise in order to create reliable, integrated and secure smart infrastructure solutions. Overall, Phunware is in a great position to make a major impact on smart infrastructure solutions. With their flexible platform and expertise in mobile app development, there is no doubt that Siemens Connect is in good hands.
Market Price
Phunware‘s stock opened at $0.7 and closed at $0.7, a 7.1% drop from the previous day’s closing price of 0.8. This news indicates that Siemens is integrating Phunware’s platform into its portfolio of solutions, which will likely be beneficial for Phunware in the long run. The partnership will enable Siemens to improve their offerings in the public and private sectors, as Phunware provides a range of digital solutions including enterprise mobility, messaging, and location-based services. As the two companies continue to collaborate, it is likely that the impact of this partnership on both Siemens and Phunware will become more clear over time. 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 |
| 21.79 | -50.89 | -174.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Phunware. More…
| Operations | Investing | Financing |
| -26.83 | -2.29 | 8.05 |
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 |
| 56.8 | 31.91 | 0.24 |
Key Ratios Snapshot
Some of the financial key ratios for Phunware are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.4% | – | -222.5% |
| FCF Margin | ROE | ROA |
| -128.6% | -105.1% | -53.4% |
Analysis
At GoodWhale, we recently conducted an analysis of PHUNWARE‘s fundamentals. After examining the company’s financial and business risk factors, we have determined that PHUNWARE is a high risk investment. Specifically, our analysis has identified three risk warnings in PHUNWARE’s income sheet, balance sheet, and financial journal. Our team of experts has worked hard to provide you with an in-depth look at this company’s financial health and stability. If you would like to find out more about our assessment of PHUNWARE, please sign up for a free account on goodwhale.com. We look forward to helping you make informed investment decisions! 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
Investors interested in PHUNWARE should be aware that the company’s stock price dropped significantly following the announcement that Siemens Connect had selected it for smart infrastructure offerings. While the deal could be a potential long-term benefit to PHUNWARE, investors should consider the short-term impact on the company’s stock price. They should also consider other factors such as financials, competitive landscape, and management team when making an investment decision. Additionally, investors should research potential risks and be aware of any new developments that could affect the future of PHUNWARE.
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