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Phunware ( (PHUN) ) has shared an announcement.
On May 6, 2025, Phunware, Inc. held its 2024 Annual Meeting of Stockholders where stockholders voted on the election of a Class III director and the ratification of Marcum LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024. Both proposals were approved by the requisite votes, with Quyen Du elected as Class III director and Marcum LLP’s appointment ratified.
Spark’s Take on PHUN Stock
According to Spark, TipRanks’ AI Analyst, PHUN is a Underperform.
Phunware’s overall score reflects significant financial challenges and weak technical indicators. The company’s persistent losses, negative cash flows, and reliance on external financing raise concerns about its long-term viability. Although the appointment of a new COO could improve operations, it does not sufficiently offset the current negative financial and technical outlook.
To see Spark’s full report on PHUN stock, click here.
More about Phunware
Average Trading Volume: 296,394
Technical Sentiment Signal: Strong Sell
Current Market Cap: $57.69M
For an in-depth examination of PHUN stock, go to TipRanks’ Stock Analysis page.