Highlights

  • Dubber agreed to acquire Daisee Assets carrying just under A$1.7 million ARR for up to A$1.25 million.
  • FY26 net loss narrowed to A$8.2 million from A$33.3 million as total Revenue fell 17%.
  • Underlying Operating Cash Flow reached run-rate break-even in Q4 FY26, with June 2026 exit ARR of A$29 million.
  • Cash stood at A$10.2 million at 30 June 2026, backed by an undrawn A$5 million Loan facility.

Dubber Corporation Ltd (ASX:DUB) has moved to deepen its artificial intelligence offering in the contact centre market, agreeing in September 2026 to acquire the Business Assets of Daisee Holdings, an AI provider serving insurance and financial services companies. The deal follows a year of heavy cost cutting in which Dubber sharply reduced losses and brought underlying operating cash flow to run-rate break-even.

Dubber runs a conversation intelligence platform for communications service providers, capturing and securely storing voice conversations across mobile networks, phone systems, Webex and Teams, and applying AI to help businesses analyse those calls.

Daisee Deal Brings Pretrained Call Analysis Models

Daisee uses Machine Learning and natural language processing, developed over nine years and trained on tens of millions of calls, to evaluate call recordings across many categories. It generates annual Recurring Revenue of just under A$1.7 million. Dubber is acquiring customer contracts, IP and technology assets and selected supplier contracts, and expects to employ certain Daisee staff.

Total consideration is capped at A$1.25 million. This includes A$400,000 in cash on completion, up to two deferred cash payments of A$300,000 at six and 12 months, and A$250,000 in shares payable after 12 months if Dubber retains at least A$1.7 million of ARR. The share component requires Shareholder approval at the 2027 AGM, failing which it is payable in cash. Completion was expected in October 2026.

FY26 Results Show a Leaner Cost Base

For FY26 to 30 June 2026, total revenue declined 17% to A$35.1 million from A$42.2 million. The net loss after tax narrowed to A$8.2 million from A$33.3 million, helped by far lower impairments, while the loss before depreciation, amortisation, impairment, interest and tax improved to A$3.3 million. No Dividend was declared.

In Q4 FY26, revenue was A$7.6 million, down from A$8.8 million in the March quarter as expected one-off VMO2 revenue rolled off. Cash-based costs fell 8% to A$7.6 million, and about A$2.8 million of annualised savings were realised. Normalised EBITDA was A$0.1 million, a second consecutive positive quarter, and Dubber served more than 245 communications service provider customers.

Balance Sheet Remains Debt-Free

Cash was A$10.2 million at 30 June 2026, compared with A$10.9 million a year earlier. Including an undrawn A$5 million loan Facility from Thorney Investment Group, which matures on 31 January 2027, Working Capital totalled A$15.2 million. Directors described the Balance Sheet as debt-free.

Product Launches and Tier 1 Rollout Shape FY27

Management has said the focus is shifting to revenue growth to move the business to run-rate positive, with further cost savings expected in Q1 FY27. Priorities include launching Dubber Notes and AI for Business, migrating customers from the legacy Aeriandi platform in the UK, and a Tier 1 North American service provider launch anticipated in Q2 FY27. Dubber has not issued specific FY27 revenue or ARR targets. Shares were unchanged at A$0.006 on 2 November 2026, giving a Market Capitalisation of A$16.27 million, and were down 66.67% over 12 months.