Proof of excellence seen in November 2018, where Dubber Corporation Limited (ASX: DUB) has generated revenues through the billings worth $517,000. Its recent key developments and the relationship with BroadCloud Carrier, IBM and growing telecommunications service provider with whom the company has signed the agreement is one of the essential reasons for the increased revenue of the company.
Last month, the company was able to generate $5 million capital through placement of shares. Morgans Corporate is currently managing these raised funds. There is another requirement of $500k which is being taken up by the leadership team of DUB through the placement of shares for which will require approval from shareholders of the company.
The company has a strong faith in itself to fully fund any requirement of its expanded opportunities. By the end of November, the company has received an amount worth $1.7 million for its Research and Development Grant.
Another achievement for the company was that it was successful in expanding the growth opportunities after attending the Cisco BroadSoft Connections in Miami, Florida in between 12 November 2018 to 15 November 2018. The company was successful in integrating its call recording service to Cisco’s BroadCloud platform.
The company has given an outstanding performance since its inception. The performance of DUB since its inception was 20398.98%. The last five years performance of the company is 14337.42%. The previous one-year performance of the company is 13.89%. Last few months the company is giving a negative performance.
For the FY2018 ending 30 June 2018, the company made a net loss of $11,319,101. The company balance sheet appears to be healthy. The debt-equity ratio of the company is 0.193. The company also maintains a strong net asset base. It holds a total current asset of $7,070,112 and total current liabilities of $2,113,054 which implies that the company is in a position to meet the working capital requirement as well as short-term obligations. However, this year there is a massive increase in the accumulated losses of the company which could create a negative impact on the investors. The total shareholder's equity is worth $10,900,058.
By the end of FY2018, the net cash and cash equivalent available with the company was $5,673,548.
By the end of the trading on 13 December 2018, the market price of the share increased by 7.317% which is equivalent to 0.03 points. The opening price of the share was A$0.420 which remain constant regarding day’s lowest price. The highest price for the day was A$0.490, and it finally closed at A$0.440 with the stock holding a market capitalization of $62.34 million.
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