$Phunware, Inc.(PHUN)$ Even though Phunware has demonstrated impressive growth in bookings and is making strides in narrowing its losses, I find that its fundamentals are still relatively weak. Despite these positive signs, profitability remains a distant prospect, which poses a significant risk for long-term investors. Given the current state of the company's financials, I believe that there is still much uncertainty surrounding its future profitability and growth potential. As a result, I am hesitant to invest in Phunware for the long-term, as the risk associated with its fundamentals outweighs the potential rewards. While the company may continue to show positive signs of improvement, I believe that it will take some time before its fundamentals become strong enough to support a sustainable and profitable business model. Therefore, I will continue to monitor Phunware's progress but remain cautious about its investment potential in the long-term.
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