Phunware (PHUN) recently reported earnings. The company continues its dangerous trend of growing debt while remaining unprofitable and diluting shareholders.
Source: Phunware
Earnings
Phunware's earnings were down across the board, year over year. The company's management - as per usual - talked grandly about the company's story and its new product changes and partnerships. On the bright side, they reported:
[Phunware's] average customer contract length expand approximately 50% to 18 months while our average contract value has increased approximately 250% to $250,000 in parallel.
However, numbers don't lie and Phunware's numbers look