Dubber first half FY20 results
Dubber Corporation Limited (ASX: DUB) (Dubber or Company) is pleased to report significant growth across the key metrics of the business in 1H FY20.
06-May-2020: Dubber Goes Live on Cisco Global Price List
DUB up +11% so far today.
Dubber Goes Live on Cisco Global Price List
Dubber Corporation Limited (ASX: DUB), which provides the call recording and data capture platform for Cisco Webex Calling, is pleased to announce it is available via the Cisco Global Price List and order entry system (CCW) with immediate effect.
The Dubber services have, for an initial period, been available in the network via an interim process which required the Cisco channel to liaise directly with Dubber to satisfy immediate requirements. Now, Call Recording and Data Capture services for Cisco Webex Calling can be ordered by any of Cisco’s resellers globally directly from Cisco.
Against the background of a generational shift to working from home, businesses and enterprises are now looking to Cisco Webex Calling for the solution to their immediate workforce requirements and long-term Business Continuity Planning (BCP) as they seek to replace legacy hardware-based telephony services with flexible, cloud based capability. Call recording is a key requirement in this process and is now immediately available for any Cisco Webex Calling user.
--- click on link above for further information ---
Dubber went into a trading halt today pending capital raising. https://www.asx.com.au/asxpdf/20200331/pdf/44gk3y1jy9rscg.pdf
I have been watching this company and really like what it does but there has been waiting for one thing - sales! Whilst cool maybe enterprises aren't looking for their product?
As at 31/12/19 they had $10M in cash and had lost $8M in the half.
Let's see what the capital raise is for. If it's just to get some cash then maybe that reflects badly on sales growth.
Morgans Call is "Hold" with a $1.03 TP.
30-Apr-2020: Morgans: Dubber Corporation: User adds accelerating
Morgans have a "Hold" call on DUB and a $0.97 PT (reduced from $1.03). DUB closed today (01-May-2020) at $0.935.