Phunware Provides Corporate Update; Mike Snavely Appointed New CEO, Effective Today
Portfolio Pulse from Benzinga Newsdesk
Phunware, Inc. (NASDAQ:PHUN) has announced changes in its senior management, appointing Mike Snavely as the new CEO. The company is also expanding its revenue model to include new ways of monetizing its portfolio of patents and other IP. Phunware is also considering the evolving business and regulatory landscapes to determine the appropriate evolution and expansion of its digital asset ecosystem.
October 26, 2023 | 8:43 pm
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Phunware's appointment of a new CEO and its plans to expand its revenue model could potentially impact the company's stock positively in the short term.
The appointment of a new CEO often signals a potential change in company strategy, which can be seen as a positive move by investors. Additionally, Phunware's plans to expand its revenue model to monetize its IP portfolio could potentially increase the company's revenue, which could positively impact the stock price.
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