Benzinga | Aug 26, 2020 08:34AM EDT

Phunware Projects That Its Non-recurring Media Transaction Revenues Will Increase By More Than 60% QoQ

AUSTIN, Texas--(BUSINESS WIRE)-- Phunware, Inc. (NASDAQ:PHUN) (the "Company"), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today that it has upwardly revised the financial guidance previously provided for its Application Transactions business. The Company currently projects that its non-recurring media transaction revenues will increase by more than 60% quarter-over-quarter, with strong growth specific to new media sales wins on mobile.