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Highlights

  • In the last one month, DUB shares have gained 11%
  • The stock had hit its 52-week low of AUD 0.130 earlier this month on 15 June, and now it is up almost 54% from 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

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.

Despite the recent gains in DUB shares, the stock is down nearly 69% in the last one year as it has been making losses. Here is a look at its earnings since 1HFY21:

On 28 April 2023, the company shared its third quarter update for FY23. DUB registered a 17% annual jump in its adjusted recurring revenue to AUD 7.4 million and a 12% annual gain in operating cash receipts to AUD 8.1 million in the quarter ending 31 March 2023 quarter.

Top 10 Shareholders

The top 10 shareholders of the company together hold around 21.81% stake in the company. Thorney Investment Group and McGovern (Stephen) hold the maximum stakes in the company at 8.91% and 3.18%, respectively.

DUB Share Price Performance

DUB share price has increased by 11.11% in the last month, and over the last 6 months, stock prices went down by nearly 58.33%. The stock has a 52-week low and 52-week high of AUD 0.130 and AUD 0.975, respectively, and is currently trading below the mid-range of the 52-week-high-low levels.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance. 

Note 2: The reference date for all price data, currency, is 30 June 2023. The reference data in this report has been partly sourced from REFINITIV.