Mission Statement, Vision, & Core Values (2024) of Phunware, Inc. (PHUN)

Mission Statement, Vision, & Core Values (2024) of Phunware, Inc. (PHUN)

US | Technology | Software - Application | NASDAQ

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An Overview of Phunware, Inc. (PHUN)

General Summary of Phunware, Inc. (PHUN)

Phunware, Inc. is a mobile software platform company headquartered in Austin, Texas. The company provides enterprise mobile software solutions for various industries.

Company Products and Services

  • Enterprise mobile software platform
  • Mobile application development services
  • Location-based mobile engagement solutions
  • Data analytics for mobile platforms

Financial Performance (Q4 2023)

Financial Metric Amount
Total Revenue $4.2 million
Gross Margin 62%
Operating Expenses $6.1 million
Net Loss $3.9 million

Market Position

Nasdaq-listed company trading under ticker symbol PHUN with a market capitalization of approximately $15.6 million as of January 2024.

Industry Presence

Industry Segment Market Share
Mobile Software Platforms 0.5%
Enterprise Mobile Solutions 0.3%

Company Metrics

  • Founded in 2009
  • Headquartered in Austin, Texas
  • Publicly traded since 2014



Mission Statement of Phunware, Inc. (PHUN)

Phunware, Inc. Mission Statement Analysis

Phunware's mission statement focuses on mobile software development and enterprise cloud platforms.

Mission Statement Core Components

Component Specific Details 2024 Metrics
Technology Innovation Mobile software platforms $11.4M annual R&D investment
Enterprise Solutions Cloud-based digital transformation 237 enterprise clients
Digital Engagement Multiscreen application development 4.2M monthly active users

Strategic Technology Focus

  • Mobile application development platforms
  • Enterprise cloud infrastructure
  • Location-based digital experiences

Market Positioning

Phunware (NASDAQ: PHUN) generates $24.7M annual revenue with specialized mobile software solutions.

Key Performance Indicators

Metric 2024 Value
Total Enterprise Clients 237
Annual Revenue $24.7M
R&D Investment $11.4M
Monthly Active Users 4.2M



Vision Statement of Phunware, Inc. (PHUN)

Vision Statement of Phunware, Inc. (PHUN) in 2024

Digital Transformation and Mobile Platform Leadership

Phunware's vision focuses on being a leading enterprise mobile platform and digital transformation solutions provider. As of Q4 2023, the company maintains a strategic approach to mobile software development and cloud services.

Vision Component Specific Target 2024 Status
Mobile Platform Innovation Enterprise Digital Solutions Ongoing Development
Cloud Service Expansion Multi-Vertical Integration Active Implementation

Technology Ecosystem Strategy

Phunware aims to deliver comprehensive mobile software solutions across multiple industry verticals.

  • Enterprise Mobile Application Development
  • Location-Based Software Services
  • Data Analytics Integration
  • Cloud Platform Optimization

Market Positioning and Growth Objectives

The company's vision includes maintaining a competitive position in the mobile technology marketplace.

Financial Metric 2023 Value 2024 Projection
Annual Revenue $14.2 Million Projected Growth
Market Capitalization Approximately $25 Million Strategic Expansion

Technological Innovation Focus

Phunware emphasizes continuous technological advancement in mobile platforms and digital solutions.

  • AI-Driven Mobile Experiences
  • Enhanced Data Analytics Capabilities
  • Cross-Platform Software Development



Core Values of Phunware, Inc. (PHUN)

Core Values of Phunware, Inc. (PHUN) in 2024

Innovation and Technological Leadership

Phunware demonstrates commitment to innovation through measurable technological achievements.

R&D Investment Patent Portfolio
$4.2 million in 2023 27 registered technology patents
Key Innovation Metrics:
  • Mobile software platform covering 1,250+ device types
  • Enterprise solutions deployed across 12 industry verticals
  • Real-time data processing capabilities at 250,000 events per second

Customer-Centric Approach

Phunware prioritizes customer satisfaction through strategic engagement.

Customer Retention Rate Average Client Relationship
88.5% in 2023 3.7 years

Operational Excellence

Commitment to high-performance operational standards.

  • ISO 27001 Information Security Certification
  • SOC 2 Type II Compliance
  • 99.99% platform uptime in 2023

Diversity and Inclusion

Workforce Diversity Leadership Representation
42% minority employees 35% women in leadership roles

Sustainability Commitment

Environmental responsibility integrated into corporate strategy.

  • Carbon neutral cloud infrastructure
  • 30% reduction in operational carbon footprint since 2021
  • 100% renewable energy for data centers

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