Dubber Corporation Limited (ASX: DUB) designs and develops communication software. The Company offers cloud call recording, saving, and playback software. Dubber serves customers worldwide.
The company has recently announced its 1H FY19 results for the period ended 31 December 2018. As per the release, Dubber delivered strong revenue growth in the first half, increasing to $2.00m (excluding R&D grant), an increase of 304.5% on the prior corresponding period. The Companyâs âaccount managementâ strategy, is aimed at providing its partners with the tools to increase the engagement within the partnerâs customer base. This process is on-going and is starting to deliver results as shown in the below graph demonstrating a case study of one of the Companyâs early partners.
The Company continued to deliver on its plan to grow user numbers on the Dubber platform, with the subscriber base increasing 133% during the half year to 68,575.
In addition to strong user growth, Dubberâs core service received important validation through attracting partnerships with some of the worldâs largest telecommunications and IT service providers, increasing the telecommunications companies using the Dubber Platform from 28 to 92 during the half year.
The number of telecommunication companies using the Dubber Platform is not only a reliable indicator of future revenue growth once they proceed through to the billing stage, but also further validates and entrenches Dubber platform as the worldâs leading cloud recording service. This is highlighted by the number of the worldâs largest telecommunication companies adopting the platform such as AT&T, Vodafone NZ, Cox Business and Ciscoâs BroadCloud platform.
As regards the outlook, The Companyâs focus for the remainder of FY2019 is to continue to improve its key metrics;
- Accelerating the number of active subscribers of the service quarter on quarter
- Hike in revenues from users of the Dubber Platform
- Increase the global footprint across telecommunication service providers thereby enabling the Companyâs unique platform to demonstrate the value of capturing and analysing voice data on a worldwide scale.
Steve McGovern, Co-Founder and CEO of Dubber said that the company has over the past 8 years, successfully developed and deployed a world-class technology platform which is now providing core requirements for leading global telecommunications carriers and delivered by the most significant technology partners, such as Cisco/BroadSoft and IBM, enabling the platform to scale globally.
Now, letâs have a glance at Dubber Corporation Limitedâs stock performance and the return it has posted over the past few months. The stock is currently trading at a price of $0.76, up by 1.333 % during the dayâs trade with a market capitalisation of ~$ 114.43 Mn. The counter opened the day at $ 0.780 and reached the dayâs high of $ 0.795 and touched a dayâs low of $ 0.760 with a daily volume of ~ 1,535,793. The stock has provided a YTD return of 92.31% & also posted returns of 72.41%, 87.50% & 68.54% over the past six months, three & one-months period respectively. It had a 52-week high price of $ 0.795 and touched 52 weeks low of $ 0.250, with an average volume of ~ 261,595 approximately.
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