Recent Insider Transactions • May 14
CEO, MD & Director recently bought AU$110k worth of stock On the 12th of May, Matthew Bellizia bought around 11m shares on-market at roughly AU$0.01 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Matthew has been a buyer over the last 12 months, purchasing a net total of AU$180k worth in shares. Recent Insider Transactions • May 12
Independent Non-Executive Director recently bought AU$66k worth of stock On the 4th of May, John Selak bought around 6m shares on-market at roughly AU$0.011 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$173k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 08
Independent Non-Executive Director recently bought AU$66k worth of stock On the 4th of May, John Selak bought around 6m shares on-market at roughly AU$0.011 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$173k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 25
CEO, MD & Director recently bought AU$63k worth of stock On the 23rd of March, Matthew Bellizia bought around 5m shares on-market at roughly AU$0.013 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Matthew has been a buyer over the last 12 months, purchasing a net total of AU$70k worth in shares. Reported Earnings • Mar 04
First half 2026 earnings released: AU$0.002 loss per share (vs AU$0.009 loss in 1H 2025) First half 2026 results: AU$0.002 loss per share (improved from AU$0.009 loss in 1H 2025). Revenue: AU$18.7m (down 8.9% from 1H 2025). Net loss: AU$4.24m (loss narrowed 65% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. New Risk • Feb 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$22m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 5.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AU$40.5m market cap, or US$28.2m). New Risk • Dec 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$22m free cash flow). Earnings have declined by 5.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$50.0m market cap, or US$33.0m). Announcement • Oct 21
Dubber Corporation Limited, Annual General Meeting, Nov 26, 2025 Dubber Corporation Limited, Annual General Meeting, Nov 26, 2025. Location: at hub southern cross, workshop room, level 2, 696 bourke street, melbourne vic 3000 Australia Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.017 loss per share (vs AU$0.088 loss in FY 2024) Full year 2025 results: AU$0.017 loss per share (improved from AU$0.088 loss in FY 2024). Revenue: AU$42.4m (up 9.6% from FY 2024). Net loss: AU$33.3m (loss narrowed 18% from FY 2024). Recent Insider Transactions • Mar 12
CEO, Managing Director & Director recently bought AU$93k worth of stock On the 6th of March, Matthew Bellizia bought around 3m shares on-market at roughly AU$0.037 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Announcement • Mar 08
Dubber Corporation Limited Announces Retirement of Non-Executive Director Gerard Bongiorno Dubber Corporation Limited announced effective the retirement of Gerard Bongiorno as Non-Executive Director. This follows the Company's announcement on 9 December 2024, that Mr. Bongiorno would remain in the role to
assist with an orderly transition of change as part of the Board renewal for Dubber. With the Company recently announcing the appointments of Matthew Bellizia as Managing Director, Jeremy Davis as Non-Executive Director and Edward (Ted) Pretty as Non-Executive Chairman of the Board in addition to the appointments in December 2024 of John Selak and Simon Crowther as Non-Executive Directors, the Board renewal is now complete. Announcement • Jan 31
Dubber Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1.045 million. Dubber Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1.045 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,125,000
Price\Range: AUD 0.04
Transaction Features: Subsequent Direct Listing Announcement • Dec 05
Dubber Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 25.062896 million. Dubber Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 25.062896 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 220,000,000
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 707,946,285
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 242,913,480
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000,000
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Transaction Features: Regulation S; Rights Offering; Subsequent Direct Listing New Risk • Oct 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.74m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (141% increase in shares outstanding). Market cap is less than US$10m (AU$14.8m market cap, or US$9.74m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Oct 12
Dubber Corporation Limited Announces Board and Directorate Changes Dubber Corporation Limited announced that Neil Wilson and Sarah Diamond will be retiring as Non-Executive Directors after this year's Annual General Meeting (AGM), scheduled to be held on 27 November 2024. Mr. Wilson is Chair of the Company and a member of Dubber's Remuneration and Audit & Risk Committees. Ms. Diamond is Chair of Dubber's Remuneration Committee and a member of the Audit & Risk Committee. Both Mr. Wilson and Ms. Diamond have signaled their decision to retire as Directors in advance of the AGM in order to enable an orderly transition of Board and Committee roles. An announcement regarding the details of, and timing for, the appointment of new Directors is expected to be made prior to the AGM. Given the commencement of Matthew Bellizia as CEO in September 2024, current Executive Director, Peter Pawlowitsch, will revert to the role of Non-Executive Director on 1 January 2025. Further details of this change and remuneration are set out in Annexure A to this announcement. Announcement • Oct 11
Dubber Corporation Limited, Annual General Meeting, Nov 27, 2024 Dubber Corporation Limited, Annual General Meeting, Nov 27, 2024. Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.088 loss per share (vs AU$0.24 loss in FY 2023) Full year 2024 results: AU$0.088 loss per share (improved from AU$0.24 loss in FY 2023). Revenue: AU$38.7m (up 30% from FY 2023). Net loss: AU$40.7m (loss narrowed 44% from FY 2023). Announcement • Sep 11
Dubber Corporation Limited Announces CEO Changes Dubber Corporation Limited announced the appointment of Matthew Bellizia as its new CEO, effective from 10 September 2024. Matthew comes to the role with extensive and relevant global technology business experience. His most recent role for 20 years was co-founder and CEO of Mobile Tracking and Data Pty Ltd. (MTData) a business which supplies a software platform and mobile technologies to a range of industries including transport, taxi, mining, government, and service related industries. MTData operated throughout Australia, NZ, USA, Canada, UK, Europe and Middle East. The business was in Deloitte Fast 50 Growth for three consecutive years and grew to over $70m in revenue and 160 staff globally. Matthew holds a Bachelor of Science (Mathematics and Computer Science) degree and started his career as a software engineer followed by roles of Software manager, Product Manager and General Manager of International Sales and Marketing prior to his CEO appointment in 2003. Acting CEO, Peter Pawlowitsch will revert to his previous role of part-time Executive Director and support Matthew as he commences the CEO role. The Board would like to take this opportunity to express its thanks to Mr. Pawlowitsch for his significant contribution to the Company in the Acting CEO role. Reported Earnings • Aug 31
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.23 loss in FY 2023) Full year 2024 results: AU$0.001 loss per share (improved from AU$0.23 loss in FY 2023). Revenue: AU$38.7m (up 29% from FY 2023). Net loss: AU$40.7m (loss narrowed 41% from FY 2023). Announcement • Jul 26
Dubber Corporation Limited to Report Q4, 2024 Results on Jul 30, 2024 Dubber Corporation Limited announced that they will report Q4, 2024 results on Jul 30, 2024 New Risk • Apr 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 86% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$34.9m market cap, or US$22.5m). Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Sarah Diamond was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 10
Dubber Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 24.056674 million. Dubber Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 24.056674 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 62,756,541
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 418,376,941
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Rights Offering; Subsequent Direct Listing Announcement • Mar 16
Dubber Corporation Limited announced that it expects to receive AUD 5 million in funding from TIGA Trading Pty Ltd Dubber Corporation Limited announced a private placement that it has secured bridging finance in the form of a secured loan for up to AUD 5,000,000 on March 15, 2024. The transaction included participation from new lender, TIGA Trading Pty Ltd. The loan is for up to AUD 5 million, with AUD 1.5 million available immediately and the remaining balance available upon the Company meeting certain conditions including entering into an underwriting agreement with only customary conditions and lodging a prospectus for a capital raising. The transaction has been approved by by the board of directors of the company.
On the same day, the company received AUD 1,500,000 in its first tranche. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$51m free cash flow). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (AU$97.8m market cap, or US$63.8m). Announcement • Jan 25
Dubber Corporation Limited to Report Q2, 2024 Results on Jan 30, 2024 Dubber Corporation Limited announced that they will report Q2, 2024 results on Jan 30, 2024 Announcement • Oct 27
Dubber Corporation Limited, Annual General Meeting, Nov 29, 2023 Dubber Corporation Limited, Annual General Meeting, Nov 29, 2023, at 11:01 AUS Eastern Standard Time. Location: Punthill Little Bourke Apartment Hotel Lonsdale Room, 11-17 Cohen Place,Vic. 3000 Melbourne Australia Agenda: To consider Adoption of Remuneration Report; to consider Spill Resolution (conditional item); to consider Re-election of Director - Peter Pawlowitsch; to consider Election of Director - Neil Wilson; to consider Adoption of the 2023 Dubber Employee Incentive Securities Plan; and to consider Grant of remuneration securities to Neil Wilson. Announcement • Oct 23
Dubber Corporation Limited to Report Q1, 2024 Results on Oct 26, 2023 Dubber Corporation Limited announced that they will report Q1, 2024 results on Oct 26, 2023 Announcement • Sep 02
Dubber Corporation Limited Provides Earnings Guidance for the Fiscal Year 2024 Dubber Corporation Limited provided earnings guidance for the fiscal year 2024. For the year, the company expects revenues of $45 million in fiscal year 2024 (an uplift of approximately 50% on the fiscal year 2023 reported revenue), entering Fiscal year 2025 with an annualised run rate in excess of $50 million. Reported Earnings • Sep 01
Full year 2023 earnings released Full year 2023 results: Revenue: AU$30.1m (up 19% from FY 2022). Net loss: AU$69.2m (loss narrowed 17% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year whereas the company’s share price has fallen by 52% per year. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$52m free cash flow). Earnings have declined by 51% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$41.1m market cap, or US$26.6m). New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$52m free cash flow). Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$55.2m market cap, or US$36.1m). Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.12 loss per share (vs AU$0.10 loss in 1H 2022) First half 2023 results: AU$0.12 loss per share (further deteriorated from AU$0.10 loss in 1H 2022). Revenue: AU$14.1m (down 13% from 1H 2022). Net loss: AU$37.1m (loss widened 19% from 1H 2022). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Announcement • Jan 09
Dubber Corporation Limited Appoints Andrew Demery as Chief Financial Officer Dubber Corporation Limited announces that Andrew Demery (CA) has been appointed as Chief Financial Officer. Andrew brings significant experience to the role which will directly impact Dubber's continued development as a global technology company listed on the ASX, with relevant skills ranging from audit and financial structuring through to commercial, operational and investor relations capabilities. Andrew was the CFO at ASX listed carsales.com Ltd. from 2014 to 2019, having full accountability for the finance, tax and treasury functions as well as Investor Relations. Keenly focused on growth, aspart of the Executive Leadership Team Andrew helped define and deliver the overall Group strategy which saw revenues grow 70% over his 5 years in the CFO role. After five years in that role, Andrew joined BikeExchange Ltd, an online cycling marketplace operating in eight countries, successfully completing its IPO on the ASX in January 2021. The BikeExchange Group delivered revenue growth of over 100% across Andrew's two years in role, alongside the development of the finance function and Group strategy and overseeing the Group's M&A activities. Prior to his CFO roles, Andrew worked in the audit and advisory business at PwC in both the UK and Australia specialising in financial and data assurance. Price Target Changed • Nov 16
Price target decreased to AU$0.61 Down from AU$1.40, the current price target is provided by 1 analyst. New target price is 81% above last closing price of AU$0.34. Stock is down 91% over the past year. The company is forecast to post a net loss per share of AU$0.15 next year compared to a net loss per share of AU$0.28 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Sarah Diamond was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 25
Dubber Corporation Limited to Report Q1, 2023 Results on Oct 25, 2022 Dubber Corporation Limited announced that they will report Q1, 2023 results on Oct 25, 2022 Major Estimate Revision • Oct 14
Consensus revenue estimates fall by 24% The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from AU$55.0m to AU$42.1m. Forecast losses increased from -AU$0.11 to -AU$0.15 per share. Software industry in Australia expected to see average net income growth of 22% next year. Consensus price target down from AU$1.40 to AU$0.61. Share price fell 31% to AU$0.39 over the past week. Announcement • Oct 10
Dubber Corporation Ltd Announces Management Changes Dubber Corporation Ltd. announced that as an interim arrangement, Executive Director Peter Pawlowitsch has been appointed to head the Company's finance function effective immediately. In that role Mr. Pawlowitsch will lead a comprehensive review of all current practices, processes and systems in the Company's finance function. Mr. Pawlowitsch will also oversee the recruitment of a new CFO. The current chief financial officer will step down from that position with immediate effect and assist the Company in the transition of the role. Reported Earnings • Oct 09
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: AU$0.28 loss per share (further deteriorated from AU$0.13 loss in FY 2021). Revenue: AU$25.4m (up 24% from FY 2021). Net loss: AU$83.2m (loss widened 163% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: AU$0.22 loss per share (down from AU$0.13 loss in FY 2021). Revenue: AU$35.7m (up 75% from FY 2021). Net loss: AU$64.7m (loss widened 104% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Over the next year, revenue is forecast to grow 54%, compared to a 50% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Aug 26
Dubber Corporation Limited to Report Fiscal Year 2022 Results on Aug 30, 2022 Dubber Corporation Limited announced that they will report fiscal year 2022 results on Aug 30, 2022 Announcement • Aug 09
Dubber Corporation Limited Announces Appointment of Sarah Diamond as Non-Executive Director Dubber Corporation Limited announced Sarah Diamond has been appointed as a Non-Executive Director of the company. Ms. Diamond's appointment would be formalized once she had obtained a director identification number (director ID) with the Australian Securities and Investments Commission. Ms Diamond is a seasoned executive with deep experience in the financial services, technology, consulting and regulatory sectors most notably as Global Managing Director, Financial Services at IBM. She is currently an Executive Mentor for the ExCo Group, a global firm of experienced CEOs, independentdirectors and global business leaders who specialize in leadership and a mentor to the Columbia University Executive Master of Science in Technology Management program. Ms Diamond has been appointed a member of the Company's Audit and Risk Committee and Remuneration Committee. Breakeven Date Change • Aug 09
No longer forecast to breakeven The analyst covering Dubber no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$4.28m in 2024. New forecast suggests the company will make a loss of AU$16.1m in 2024. Announcement • Jul 05
Dubber to Appoint Sarah Diamond as Non-Executive Director Dubber Corporation Limited announced that it will appoint Sarah Diamond as a Non-Executive Director of the Company. Diamond is a seasoned executive with deep experience in the financial services, technology, consulting and regulatory sectors. Over the course of her 30 plus year career, Diamond has worked with most major banks, Wall Street firms, exchanges, and regulators. A global leader, Sarah has led teams across cultures and time zones in Europe, the United Kingdom, China, Japan and the U.S. As the Global Managing Director, Financial Services at IBM, Diamond managed a $10B P&L and was responsible for helping top 50 global financial services clients embrace digitization to grow their businesses while creating customer value within the rapidly changing regulatory, business and technology landscape. Diamond was engaged in a wide range of governing roles at IBM, as an active member of the Performance Team (comprised of the top P&L leaders in the company), the Academy of Technology Advisory Board, the Culture Think Tank, and the Global Industry Academy where she was founding president. She was also a sponsor of IBM's Technical Women Program, an initiative focused on ensuring that IBM has a vibrant talent pool of qualified women in technical professions. Additionally, she served as Vice Chair of the Advisory Board of Directors and senior advisor to the Chairman and CEO of the Promontory Financial Group, an IBM company. Previously, Diamond served as Strategy Leader for IBM's Global Business Industries, General Manager of Global Industries where she created a framework to drive innovation and impact across IBM's 12 industry sectors, and General Manager of Global Consulting Services where she was responsible for strategy, execution and business results in more than 170 countries. Prior to joining IBM, she served as senior vice president in charge of capital markets at KPMG, after launching her career in international banking at Chemical Bank in London. Diamond currently works as an Executive Mentor for the ExCo Group, a global firm of experienced CEOs, independent directors and global business leaders who specialize in leadership. She is also a mentor to the Columbia University Executive Master of Science in Technology Management program, and a volunteer with PENCIL, a NYC based non-profit that connects public school students to the business community. She is a board member of the American Friends of St. Hilda's College, University of Oxford, and past board member and President of the Women's Bond Club of New York. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Chairman Peter Clare was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Major Estimate Revision • Mar 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from AU$39.9m to AU$40.4m. Forecast EPS reduced from -AU$0.08 to -AU$0.16 per share. Software industry in Australia expected to see average net income growth of 35% next year. Consensus price target down from AU$3.06 to AU$2.26. Share price fell 19% to AU$1.19 over the past week. Reported Earnings • Mar 02
First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2022 results: AU$0.10 loss per share (down from AU$0.029 loss in 1H 2021). Revenue: AU$16.2m (up 122% from 1H 2021). Net loss: AU$31.2m (loss widened 317% from 1H 2021). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 169%. Over the next year, revenue is forecast to grow 74%, compared to a 65% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Mar 02
Dubber Corporation Limited Announces Cloud Pci Compliance Solution for Amazon Connect - Dubber PCI Comply Dubber Corporation Limited launched Dubber PCI Comply for Amazon Connect. Dubber PCI Comply offers any business seeking to process credit card information a cost-effective and easy to deploy cloud-native solution to achieve efficient PCI DSS compliance for any communication modality on Amazon Connect, including contact centre, voice, IVR, and chat. Dubber PCI Comply for Amazon Connect masks the contact centre environment during transactions, including agents, enabling Payment Card Industry Data Security Standard obligations and requirements to be met. Served entirely from Amazon Web Services, Dubber PCI Comply can be used by any sized organisation globally and integrates with all payment providers. Amazon Connect supports over 10 million contact centre interactions a day and is one of AWS's fastest-growing services. How Dubber PCI Comply works: Dubber PCI Comply for Amazon Connect for the end customer enables certified security and PCI-DSS compliant payments via voice calls, chat, and cloud-based communications platforms. The customer wishes to make a payment using a credit or debit card, and the agent asks them to type in their payment card details leveraging DTMF codes using their telephone keypad. If the customer cannot use their telephony keypad, the solution can capture the payment information by voice using speech recognition technology while still maintaining PCI compliance. The agent remains engaged with the customers and the conversation, focusing on providing an excellent customer experience. As the customer enters their card details, the agent sees asterisks in real-time on the user interface. The card information is captured within the Dubber PCI Comply solution before passing it onto the Payment Service Provider. The agent is notified once payment has been approved or rejected. Without any payment card data to protect, businesses obligations to comply with PCI DSS are eliminated, risk reduced, without disruption to business workflows. Dubber PCI Comply works with voice, IVR & chat. Available on the AWS Marketplace, prices start from £8.95 per user/month for PCI Comply for Connect and £11.49 per user/month for PCI Comply for Connect Plus. Announcement • Feb 25
Dubber Corporation Limited to Report First Half, 2022 Results on Feb 28, 2022 Dubber Corporation Limited announced that they will report first half, 2022 results on Feb 28, 2022 Major Estimate Revision • Feb 01
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AU$43.6m to AU$39.9m. Losses expected to increase from AU$0.07 per share to AU$0.08. Software industry in Australia expected to see average net income growth of 21% next year. Consensus price target down from AU$3.95 to AU$3.06. Share price was steady at AU$1.93 over the past week. Price Target Changed • Dec 16
Price target decreased to AU$3.95 Down from AU$4.60, the current price target is an average from 2 analysts. New target price is 27% above last closing price of AU$3.10. Stock is up 79% over the past year. The company is forecast to post a net loss per share of AU$0.047 next year compared to a net loss per share of AU$0.13 last year. Announcement • Dec 13
Dubber Corporation Limited to Launch Mobile Voice Recording for Enterprise Services Dubber Corporation Limited announced that its Unified Call Recording and Voice AI platform is launching on the Optus mobile network. Announcement highlights: An industry-leader in secure and scalable recording and conversational intelligence provisioned instantly as a scalable SaaS service, with no capital or services expenditure; Allows enterprise and government users to securely record all mobile calls for compliance, customer, people and revenue intelligence; AI insights including real-time sentiment analysis, transcriptions, and alerts for every call; Seamless integration with CRM solutions like Saleforce.com and compliance platforms. Optus enterprise customers will be able to access all call recordings, transcripts, instant sentiment data and search in real-time from their phone or browser with a click. In addition, businesses with surveillance, internal policy and broader compliance requirements will now be able to capture mobile conversations, securely recording, storing and reporting on conversations for proactive compliance management. Optus Mobile Voice Recording and AI-powered by Dubber benefits and use cases include: Search-ability – instantly find call records and transcripts from today, yesterday, last week or last year; Proactive Compliance –Respond to regulatory requests and investigations in real-time and provide alerts on possible compliance breaches; Revenue, Customer & Business Intelligence – provide real-time reporting on customer and agent sentiment and engagement. Instantly review conversations to improve customer service and employee coaching. Dispute Resolution - avoid costly customer disputes by having a complete and accurate record of customer conversations. Easily Integrate with Productivity Tools - minimize inaccurate and time-wasting manual note-taking. Instead, capture conversations and automatically attach them to customer records in Salesforce and other productivity tools. Reported Earnings • Nov 03
Full year 2021 earnings released: AU$0.13 loss per share (vs AU$0.093 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$20.4m (up 109% from FY 2020). Net loss: AU$31.7m (loss widened 76% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 99% per year, which means it is well ahead of earnings. Announcement • Sep 21
Dubber Corporation Limited (ASX:DUB) acquired Pinch Labs, Inc. from Black Sheep Capital, Transition Level Investments Pty Ltd and others for AUD 6.6 million. Dubber Corporation Limited (ASX:DUB) acquired Pinch Labs, Inc. from Black Sheep Capital, Transition Level Investments Pty Ltd and others for AUD 6.6 million on September 20, 2021. AUD 5.15 million will be paid in cash and remaining AUD 1.45 million in shares of Dubber. Upon completion Key management and employees are to stay with the business, including Chris Raethke, CoFounder & CEO and Dr Iain McCowan, Co-Founder and CTO.
Dubber Corporation Limited (ASX:DUB) completed the acquisition of Pinch Labs, Inc. from Black Sheep Capital, Transition Level Investments Pty Ltd and others on September 20, 2021. Price Target Changed • Sep 14
Price target increased to AU$4.60 Up from AU$3.23, the current price target is provided by 1 analyst. New target price is 12% above last closing price of AU$4.12. Stock is up 320% over the past year. Recent Insider Transactions Derivative • Sep 09
MD & Executive Director exercised options to buy AU$1.0m worth of stock. On the 7th of September, Stephen McGovern exercised options to buy 256k shares at a strike price of around AU$4.00, costing a total of AU$1.0m. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. Since December 2020, Stephen's direct individual holding has increased from 7.75m shares to 9.58m. Company insiders have collectively bought AU$5.9m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Sep 01
Full year 2021 earnings released The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: AU$23.3m (up 138% from FY 2020). Net loss: AU$30.7m (loss widened 70% from FY 2020). Announcement • Aug 21
Dubber Corporation Limited Adds Compliant Video Recording for Cisco Webex Meetings Dubber Corporation Limited announced that it has launched compliant video capture to its cloud call recording and voice AI services for Cisco Webex Meetings. Dubber personal and confidential call recording is embedded as a standard feature for Cisco Webex Calling and Cisco Unified Communications Manager Cloud (UCM). Businesses and individual users with compliance and regulatory requirements to record and store their communications can now securely capture every call, and video conversations including, one to one video calls and multi-party video conferences on the Cisco Webex Meeting platform via Dubber. For an add-on price of USD 25 per user/month, the Dubber platform now enables video recordings with instant insights, analytics, transcriptions, sentiment analysis with Voice-AI powered alerts and notifications all stored in the Voice Intelligence Cloud. The Video add-on pack comes with 100GB storage as standard for each user. In addition, for power users who need augmented storage, businesses can purchase the Video Storage add-on, which comes in 1TB packs for only USD 100 per account/month. Cisco® Webex Meetings delivers over 25 billion meetings per month, offering leading video and audio conferencing with sharing, chat, and more. Recent Insider Transactions Derivative • Aug 13
MD & Executive Director exercised options to buy AU$3.6m worth of stock. On the 6th of August, Stephen McGovern exercised options to buy 1m shares at a strike price of around AU$3.40, costing a total of AU$3.4m. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2020, Stephen's direct individual holding has increased from 7.75m shares to 9.58m. Company insiders have collectively bought AU$4.7m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Aug 04
Board Member exercised options to buy AU$1.4m worth of stock. On the 29th of July, Peter Pawlowitsch exercised options to buy 404k shares at a strike price of around AU$3.00, costing a total of AU$1.2m. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. Since December 2020, Peter's direct individual holding has increased from 4.24m shares to 4.49m. Company insiders have collectively bought AU$1.3m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jun 03
Dubber a Standard Feature of Cisco Webex Calling & UCM Cloud Dubber Corporation Limited announced that Cisco Webex Calling and Cisco Unified Communications Manager Cloud (UCM) will now include Dubber call recording as part of all Cisco Webex and UCM services at no additional cost to users. Now, Webex Calling and UCM users with the ability to record any and all conversations as an included feature of their Webex subscription. If a user or business requires additional features such as extended storage, video recording, transcription, sentiment analysis or AI-enriched insights, they can simply upgrade their Dubber plan from within Cisco's Control Hub with immediate access and effect. Business users that have compliance or regulatory requirements to record and store calls can easily ensure recording, replay and data storage via the Cisco Webex platform, meeting their compliance obligations, regardless of the employee work location - a major concern for businesses as a result of the significant shift to remote and hybrid workforce arrangements. Announcement • Apr 30
Dubber Corporation Limited Releases an Update on the Company's Operating Focus Dubber Corporation Limited released an update on the Company's operating focus along with the Appendix 4C for the quarter ended 31 March 2021. The Company continued to expand its footprint of service provider networks along with increasing penetration and revenue yield from its current telecommunication and Unified Communication (UC) platform partners. During the quarter, the Dubber platform went live on three AT&T networks: AT&T IP Toll-Free, AT&T Hosted Voice Service (HVS), and Cisco Webex Calling with AT&T. All three of these networks target large enterprise, government, education, and business clients. The HVS and Webex Calling networks are already providing positive uptake in SaaS monthly subscription users and services. AT&T's IP Toll-Free is a major global network carrying calls for the largest organizations in North America and is billed on a per minute consumption rate. Dubber's recording, API, transcription and AI services will also be billed on a per minute rate at accretive unit increments, thereby introducing meaningful consumption based revenue streams to Dubber. Currently, AT&T and IBM are engaged with existing mutual large enterprise customers to demonstrate the value of the newly available services on the platform which add substantial insights to those organisations, enabling them to gain valuable business intelligence from their voice data. The Company expects the Dubber platform to be live on additional AT&T networks in both the short and medium term. Unified Call Recording Momentum The Company has previously referenced Unified Call Recording (UCR) which defines the Company's unique value proposition of unifying call recording and voice data at scale. UCR reflects how businesses and individuals work, particularly in Covid-19 driven 'work from home' settings and hybrid work environments. The Company has recently become one of only two vendors certified for Compliant Call Recording for Microsoft Teams. Dubber is already the embedded and only recording offering for Cisco's Webex Calling platform with the Company expecting to substantially extend its relationship and availability with Cisco Webex in the near term. During the quarter, the Company also announced availability of a Unified Call Recording solution for Zoom that allows for secure compliance and voice intelligence call recording for Zoom Meetings as well as Zoom's recently launched cloud phone service, Zoom Phone. Typical business communications usually involve the use of desk phones, mobiles, and UC services such as Cisco Webex, Zoom and Microsoft Teams. Dubber is uniquely placed to be able to capture recordings and voice data from all services and store them in a single location, the Dubber Voice Intelligence Cloud, where they can be managed centrally. Behind these UC platform announcements is an industry trend whereby large global service providers are releasing their own network offerings in conjunction with cloud collaboration platforms like Zoom Phone, Microsoft Teams and Cisco Webex Calling. Dubber has detected a pronounced acceleration of telecommunication services moving to a cloud environment, either from traditional telecommunications carriers or by stand-alone UCaaS services in the last two quarters. By virtue of its unique ability to be embed into the fabric of a network and operate at scale, the company is a significant beneficiary of this trend and the company believes it will continue to accelerate globally in the quarters ahead. Foundation Partner Program The Dubber platform has been designed specifically for large scale availability across telecommunications networks, as opposed to legacy bespoke recording products for enterprises, which are largely tied to on premise equipment, capital expenditure and call centre environments. The Company expects several of its service provider partners to deploy the Dubber platform as a standard feature across their network base as "Dubber Foundation Partners". The Company is actively engaged in discussions with major service providers to become Foundation Partners and expects the first initiative of this kind will take place in the current quarter. This will provide the Company large scale customer reach into end user accounts for jointly upselling additional services, including extended storage, transcription, AI insights and more. Price Target Changed • Mar 03
Price target raised to AU$2.25 Up from AU$1.74, the current price target is provided by 1 analyst. The new target price is 34% above the current share price of AU$1.69. As of last close, the stock is up 77% over the past year. Reported Earnings • Mar 02
First half 2021 earnings released: AU$0.029 loss per share (vs AU$0.045 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$7.29m (up 61% from 1H 2020). Net loss: AU$7.47m (loss narrowed 14% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 24
AT&T Business Supercharges its IP Toll-Free (IPTF) Network with Dubber Unified Call Recording (UCR) and Voice AI Dubber Corporation Limited announced that AT&T Inc. has deployed its leading Unified Call Recording and Voice Intelligence solutions on the AT&T Network through AT&T IP Toll-Free, AT&T Hosted Voice Service (HVS), and Cisco Webex Calling with AT&T. The collaboration of AT&T Business and Dubber brings the power of Dubber Unified Call Recording and Voice AI to customers already on AT&T IP Toll-Free. As a simple and easy to deploy feature upgrade, Dubber Unified Call Recording and Voice AI can be added to existing IP Toll-Free services. Customers can easily connect voice data - including conversational content, sentiment analytics and call meta-data to big data sets, applications such as Salesforce, and more. In addition to offering Dubber Unified Call Recording and Voice Data services with AT&T IP Toll-Free, the companies also announced Dubber Unified Call Recording service availability for businesses using Cisco Webex Calling with AT&T, as well as AT&T Hosted Voice Service (HVS) available for United States customers. Announcement • Jan 28
Dubber Corporation Limited Unified Call Recording and Voice Ai Now Available on Salesforce Appexchange Dubber Corporation Limited announced the global launch of Dubber Unified Call Recording and Voice AI on Salesforce. The solution enables enterprises to connect their Dubber-enabled telephony or UC platform of choice with their Salesforce environment and start automatically capturing and logging customer conversations. Call recordings, data, insights and alerts can now be compliantly captured and aggregated, ready for use within Salesforce. Salespeople can then quickly search for information contained in call records such as filtering opportunities by key words, and sales managers can easily access sentiment analysis, and other data points by customer, sales representative or across an entire sales team. Salesforce is the world's leading customer relationship management (CRM) provider with over 150,000 customers globally. Dubber allows Salesforce users to automate voice recording at scale from any device – with no need for hardware. Unified call recording and voice AI are a key enabler of compliance, customer satisfaction and sales performance – delivering real-time insights, sentiment analysis, alerts, transcriptions and more. Research conducted by Salesforce has shown a massive 92% of customer interactions occur by phone and, according to CSO insights, 42% of sales representatives do not feel they have the right information before making a sales call. Dubber solves these issues by giving sales leaders and teams the visibility and resources they need to reduce inefficiencies and improve performance. A study conducted by The Bridge Group (2017) identified that improving sales productivity and performance remains the number one challenge for sales leaders and businesses. The most concerning insight being field-based sales reps typically only spend 22% of their time actively selling, with over 45% of their time dedicated to administration related tasks. The average field and sales manager works 49.6 hours per week, meaning only 11 hours per week are spent selling and up to 22.3 hours are allocated to administration duties. For existing Call Dub and Dub AI customers, the Dubber on Salesforce connector retails for an additional USD 15 per user per month. By simply provisioning the Dubber on Salesforce connector, Call Dub users effortlessly enable automated and accurate call logs and recordings. For Dub AI users, they receive enhanced AI-powered transcriptions, insights and alerts, and typically can see improved sales productivity by up to 5 hours a week or a 10% productivity gain. Dubber is available on over 142 service provider networks globally as well as leading collaboration platforms like Microsoft Teams and Cisco Webex Calling. Background, Dubber on Salesforce: From existing Dubber customers can integrate their Salesforce environment with their call recordings by simply visiting the Salesforce AppExchange and subscribing; Flexible plans start as low as USD 14.95 per user per month for the Call Dub solution; Integrate with over 142 Unified Communications providers; No limits on call recording storage to maximise compliance. Is New 90 Day High Low • Jan 05
New 90-day high: AU$1.79 The company is up 75% from its price of AU$1.02 on 07 October 2020. The Australian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 16% over the same period. 