The runway is cleared now that Phunware’s next-gen platform is listed on Amazon’s AWS Marketplace
Based in Austin, Texas, Phunware, Inc. (PHUN) doesn’t call itself a typical Software-as-a-Service (SaaS) company. Rather, it’s a Multiscreen-as-a-Service (MaaS) platform for digital transformation.
More precisely, Phunware provides a fully integrated enterprise cloud platform for mobile applications that provides companies the products, solutions, data and services they need to engage, manage and monetize their mobile-app portfolios and audiences.
That’s the essence of MaaS, and Phunware is truly a pioneer in this niche market. It’s been a highly successful business model, as Phunware helps businesses create category-defining mobile experiences, with more than a billion active devices touching its platform each month.
Adding to the company’s success story is an Amazon connection – and you won’t go wrong when you’re dealing with that e-commerce giant. Also, Phunware has officially joined the cryptocurrency revolution, so Bitcoin enthusiasts should definitely pay close attention.
A Closer Look at PHUN Stock
You just never know when your patience as a small-cap investor might pay off in a big way.
Just look at PHUN stock as an example. For much of 2021, it stayed near $1 – a great price point, in hindsight.
Unfortunately, some folks probably abandoned their long positions in PHUN stock in October, right before an incredible moon-shot took place.
If they had only stayed in the trade, they would have enjoyed a powerful rally to $9. It’s times like these when patience really should be spelled “pay-tience” because this is when life-changing gains are made.
Now, you have a second chance to get in at an easily affordable price with PHUN stock. Anything below $3 is a good entry point, and below $2 it’s an absolute steal – just stay in the trade and you’ll get to reap the rewards when they come.
The Amazon Connection
Even as Phunware makes significant headway in the MaaS niche market, there’s always more room to expand the company’s brand awareness and outreach.
Of course, getting listed on Amazon’s world-famous Amazon Web Services (AWS) Marketplace would mark a huge milestone for any tech-focused business.
And, that’s exactly what Phunware recently achieved as the company just announced the immediate availability of its MaaS platform in AWS Marketplace.
This is a major development as AWS Marketplace is a vastly popular digital catalog with literally thousands of software listings from independent software vendors. This marketplace makes it easy and convenient for prospective customers to find, test, buy, and deploy software that runs on AWS.
Phunware Chief Operating Officer Randall Crowder is quite understandably pleased that his company now has a crucially enhanced Amazon connection.
“By adding our MaaS Platform to AWS Marketplace, customers around the world can more easily access mobile software that can tech-enable not only critical operations, but also customer and workforce engagement,” Crowder explained.
Big Bitcoin Hoard
If you’re a crypto/blockchain bull, then you should really like this next development with Phunware.
Sure, Phunware is a pioneer in MaaS, but the company is also deeply entrenched in the cryptocurrency movement.
Indeed, the proof is in the numbers: not long ago, Phunware revealed that it purchased an additional 100 Bitcoin for approximately $4,975,000 in cash.
Inclusive of fees and expenses, the company paid an average price of approximately $49,750 per Bitcoin.
The nearly $5 million Bitcoin purchase is huge, but it’s only one of Phunware’s multiple cryptocurrency acquisitions.
Believe it or not, as of December 9, 2021, Phunware held an aggregate of approximately 630 Bitcoin. These Bitcoins were acquired at an aggregate purchase price of roughly $36.8 million and an average purchase price of around $58,513 per Bitcoin, inclusive of fees and expenses.
What we’re seeing here is a diversified business model. There’s the core MaaS component, of course, but it’s evident that Phunware is also staking its claim in the high-conviction crypto market.
The Bottom Line
Getting listed on AWS Marketplace will provide broad exposure to Phunware’s innovative MaaS offerings.
At the same time, Phunware’s growing Bitcoin holdings allow PHUN stockholders to gain access to the fast-growing cryptocurrency/blockchain movement.
Therefore, it’s safe to say that PHUN stock is a diversified investment – and right now, it’s still an affordable addition to any tech-focused, crypto-friendly portfolio.
