Dubber today released results for Q4 FY22.

Revenue growth 40% over prior year. I like to look at the 3 year rolling CAGR. This has reduced from 94% to 70%.

I'm feeling somewhat underwhelmed and I'm sure the market will respond accordingly.

Comments from the investor call:

1. Fully funded for 5 year business plan - code for don't expect free cash flow until at least FY27.
2. Expenses are higher than expected due to spending on customisation for specific carriers - for the promise of future cash returns.

DUB will be highly volatile over the next 5 years and any long term holders will need a strong stomach.