After you install it you cana "safe contact" or do the reporting on a website which will blocklist the phone's IMEI on all phone companies, block any banking app sessions and remotely wipe the phone.
It also functions as a public searchable database of stolen phones, allowing a prospective buyer of a second hand device to check it.
I can't be the only person to see the irony here. Do they also have a drive-thru to report car theft?