Dubber Corporation (ASX: DUB) expects new product suite to drive revenue growth in FY24.

Fri 30 Jun 23, 07:12 AM | Team Kalkine

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Shares of Dubber Corporation Limited (ASX: DUB), a provider of unified call recording and conversational intelligence solutions, ended at AUD 0.200 on Friday (30 June 2023). In the last one month, the stock has gained 11%. Worth mentioning here is that the stock had hit its 52-week low of AUD 0.130 earlier this month on 15 June. The stock is now 54% higher than that level. The recent gain in DUB shares was triggered by the company's announcement of an updated outlook for FY23 and FY24 outlook on 19 June.

This company, which enables communication service providers to unlock insights from conversations across multiple channels, said it has substantially reduced its cost and launched a new Dubber AI product suite called Moments. The company expects this new product suite to accelerate revenue growth, primarily n the second half of FY24.

The tech company expects to clock revenues of AUD 30 million in FY23. But for FY24, it expects revenues to jump to AUD 45 million, with both gross margin and operating margin expansion expected in FY24. DUB anticipates entering FY25 with an annualised run rate of more than AUD 50 million. Further, the company expects to achieve economies of scale to meet its cashflow breakeven target during FY25.

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