Phunware Inc. (NASDAQ:PHUN) Q2 2019 Earnings Conference Call - Final Transcript

Aug 15, 2019 • 08:00 am ET


Phunware Inc. (NASDAQ:PHUN) Q2 2019 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the Phunware Second Quarter 2019 Earnings Audiocast. This call has been pre recorded, so there will be no question-and-answer session upon its completion. I would now like to turn things over to your host, Marcus Chan, Phunware's Director of FP&A and a member of its Investor Relations team.

Marcus Chan

Thank you and welcome to Phunware's inaugural Earnings Audiocast presenting our financial results for the second quarter of 2019. I am Marcus Chan, Phunware's Director of FP&A. Joining me today are Alan Knitowski, Co-Founder, Chief Executive Officer and President ; Randall Crowder, Chief Operating Officer ; and Matt Aune, Chief Financial Officer. The format today will include prepared remarks by Alan, Randall and Matt.

Today's discussion will include forward-looking statements. These forward-looking statements reflect our current views as of today and are based on various assumptions that are subjected to risks and uncertainties disclosed in the Risk Factors section of our SEC filings. Actual results may differ materially, and undue reliance should not be placed on them.

Additionally, the matter we will be discussing today may include non-GAAP financial measures. Reconciliation of GAAP to Non-GAAP financial information is set forth in our earnings press release, which is available on the Investor Relations section of our website at I further encourage you to visit to access not only our earnings press release, but also our current investor presentation, our SEC filings, this pre-recorded Earnings Audiocast and to learn more about Phunware.

At this time, it is my privilege to turn it over to Alan.

Alan Knitowski

Thank you, Marcus. Good afternoon everyone and thank you for joining us on our first Earnings Audiocast as a public company. I want to welcome many of you who we have met over the last 10 years and have supported Phunware on our journey, first as a private company and now as a publicly company trading on Nasdaq as PHUN.

For those new to our story, I'd first like to give a quick overview of what Phunware does, including the capabilities of our platform and our overall business model and strategy. Phunware is the pioneer of a Multiscreen as a service, or MaaS, a fully integrated enterprise cloud platform for mobile, that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware helps the world's most respected brands create category-defining mobile experiences, with approximately 1 billion active devices touching our platform each month.

Founded in February, 2009, Phunware helps brands transition from the web to mobile, by enabling enterprise-level mobile applications through its MaaS platform, including the software, data and infrastructure needed to support these mobile application portfolios on Apple iOS and Google Android devices, including smartphones, tablets, wearables, smart televisions and digital signage.

Our ideal customer is a Fortune 1000 brand that standardizes on our MaaS offerings for all of their mobile initiatives and needs, much like they would standardize on Microsoft Office for their productivity software or Salesforce