Phunware, Inc. (NASDAQ:PHUN) Q3 2023 Earnings Call Transcript

So overnight, we get an enormous amount of usage which we believe is going to be directly proportional to the value that we can charge for that, frankly. And then ultimately, the value we can extract from the overall ecosystem to include, the digital assets components as they come online. So by their nature, those deals will take longer, to run. But we’ll be able to mop up not individual properties, but hundreds perhaps thousands of properties at a time as a result of that strategy. So two different approaches, two different timelines for maturity. I wouldn’t be at all surprised if it took a year to incorporate our technologies into a major application like the one that I’m talking about, but in the meantime, we’ll continue the blocking and tackling at the individual property level.

Ed Woo: Thank you for answering my questions and I wish you good luck. Thank you.

Mike Snavely: Thanks, sir.

Operator: It appears we have no further questions at this time. I’d like to turn the floor back to Mike Snavely for any closing remarks.

Mike Snavely: Thanks a lot, everybody. You know, we’ve, likely tax the patience of our investors. We believe that we’re going to be in a position to put the company back on a solid financial footing. And Troy spoke to that in detail, and we expect to have additional announcements forthcoming, in the coming weeks and a small number of months. But I came back here to finish the mission. I have a lot of respect for the leadership that preceded me, for sure. But I believe that this fresh look at, where we can take the company is exactly what we need at this moment. And I wouldn’t be here unless I believe that we have a strong likelihood of success. So we thank you very much for your attention and patience and please stay tuned. Thank you.

Operator: This does conclude today’s program. Thank you for your participation, and you may disconnect at any time.