Financial StabilityOngoing cash burn and a high likelihood of an acquisition prevents analysts from getting more constructive on PHUN shares.
Industry RisksRisks include technology risks, dilution risk should the company raise additional capital given current cash burn, high levels of industry competition, M&A and integration risk, limited operating history, delisting risk, and cybersecurity risk given the nature of the business.
Leadership UncertaintyVisibility surrounding the timeline of a potential transaction is unknown, as the company assigned a new interim CEO.