ASX Announcements

Dubber announces the 2022 Notice of Annual General Meeting of Shareholders will be held at 4:00pm (AEDT) on Monday, 21 November 2022. This year’s meeting is hybrid and will be held virtually via a web-based portal and physically at Punthill Little Burke Apartment Hotel, Lonsdale Room, 11-17 Cohen Place, Melbourne Vic. 3000.

The Explanatory Statement to the Notice of Meeting provides additional information on matters to be considered at the Meeting.

Shareholders who wish to attend the Meeting virtually must first register their attendance with the Company by no later than 4:00pm (AEDT) on 20 November 2022, the day prior to the day of the Meeting, by email to the Company Secretary, Ian Hobson at ian.hobson@dubber.net.

Please include the Shareholder’s name, address and HIN or SRN when registering with the Company Secretary. The Company will then email the details to participate in the virtual Meeting via zoom (a web-based meeting portal) to the Shareholder.

The Notice of Annual General Meeting, Explanatory Statement and Proxy Form should be read in their entirety. If Shareholders are in doubt as to how they should vote, they should seek advice from their independent professional advisers prior to voting.

Should Shareholders wish to discuss any matter please do contact the Company Secretary by telephone on +61 (0)8 9388 8290.

Dubber delivered significant revenue growth and increases across all key metrics in the 2022 financial year (FY22) reflecting demand from service providers for new sources of value. Dubber’s core strategy, to create value for services providers through unified recording and conversational AI as a core network service, adds incremental revenue, retention and differentiation based on meeting the needs of every user of business communications services globally. 

FY22 Performance Highlights & Key Metrics (pcp)

• Substantial organic growth in all core business indicators
• Capital raise of $110m at $2.95 per share in July 2021; business objectives fully funded
• Completed integration of Notiv and Speik acquisitions – expanding commercial opportunities
• Investment in the AI and NLP capability on the Dubber platform to meet customer demand
• Extended relationships with service providers; expansion of Foundation Partner program
• Expanded global footprint; key executive appointments in technology, product and sales capability

28 July 2022 Melbourne, Australia: Dubber Corporation Limited (ASX:DUB) (‘Dubber’ or ‘the Company’), the leading unified call recording and voice intelligence platform to telecommunication service providers globally, today reports its 4Q FY22 Appendix 4C and Quarterly Activities to 30 June 2022.

4Q FY22 Highlights

• Annualised Recurring Revenue (ARR) increased by $5m QoQ to $59m (+51% pcp)
• Operating Revenue increased to $10.3m1, up 12% QoQ (+41% pcp)
• Total annual revenue increased to $36m1, up 75% on the previous financial year
• Cash receipts for the year were $29.9m, up 48% on the previous financial year
• Gross Margin on current revenues exceeded 70%
• Dubber subscribers exceed 580,000 (+38% pcp)
• Cash on hand at 30 June 2022 was $84.3m
• Dubber is fully funded and continues to invest in contracted and future growth with a focus on winning new service providers and expanding organic growth of users via the Dubber platform
• Appointments: Sarah Diamond (to be appointed) as Independent Non-Executive Director; Michael Abenhaim, SVP, Americas

Sarah Diamond will join Dubber’s Board as a Non-Executive Director, bringing a wealth of international experience in business and technology to the company.

Peter Clare, Dubber’s Chairman, said the Board is delighted to welcome Diamond, and the appointment will help drive the growth and future success of the business.

“Sarah brings a wealth of experience and capability relating to a multitude of key areas in which Dubber is focused. We look forward to working with her as we grow the company’s profile globally,” Clare said.

Sarah Diamond is a recognised global 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.

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.

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.

Download the full ASX Announcement below.

Dubber Corporation Limited (ASX: DUB) (‘Dubber’ or ‘the Company’), the leading global Unified Call Recording & Voice Intelligence cloud platform which provides innovative world leading products directly via Service Provider networks, today released its report on the Company’s operating activities along with the Appendix 4C for the quarter ended 31 March 2022.

Highlights within the Quarter:

• ARR increased by $5.1m QoQ to $55.1m (62% pcp)
• Revenue for 12 months to March 2022 was $33.7m consistent with reported ARR at March 2021
• Revenue increased by $900,000 QoQ to $9.25m (40% pcp)
• Cash receipts increased by $2.9m QoQ to $8.5m
• Net cash outflows decreased by $7.1m
• Dubber subscribers exceed 540,000
• Launch of Notes by Dubber at Mobile World Congress
• Finalised multiple network UCR agreement with TDC Nuuday of Denmark
• Established core infrastructure for acceleration of future growth
• Dubber is fully funded with in excess of $97.5m cash on hand

• Nuuday is Denmark’s largest telecommunications service provider
• Nuuday to deploy Dubber recording and AI for mobile and Unified Communications (UC)
• Nuuday to migrate existing recording users to Dubber platform
• Builds Dubber footprint across Nordics
• Service launching in Dubber Q4 FY2022

Melbourne, Australia – 23 March 2022 — Dubber Corporation Limited (ASX: DUB) (Dubber) is pleased to announce that its Unified Call Recording (UCR) and Voice AI platform has been selected by Denmark’s Nuuday for unified call recording and voice AI for mobile and unified communications (UC) customers.

Nuuday is Denmark’s largest telecommunications service provider, part of the national carrier TDC Group/ TDC Holding A/S. Dubber services will be available for TDC Erhvervs (a Nuuday brand) customers on their mobile and Unified Communications (UC) solutions in the first half of 2022. The deployment will also provide for the migration of all existing on-premise call recordings to the Dubber cloud platform, maintaining or exceeding compliance standards under legacy customer agreements.

Dubber UCR services will also be immediately available on TDC Scale, Nuuday’s Unified Communications solution for enterprise customers, while migrating existing recording services, and call recording data to the Dubber platform. This implementation will enable Nuuday customers to seamlessly add Dubber products to their existing Nuuday UC services while allowing for the rollout of additional Dubber solutions onto the TDC Scale service.

John Henriksen, CEO, TDC Erhverv: “Our new partnership with Dubber will provide a scalable and secure solution to meet our customers’ call recording requirements, across their mobile and Unified Communications services. Dubber’s solutions will easily integrate with our existing infrastructure and service offerings for all Danish businesses, reinforcing our ambition to constantly innovate to meet customers’ needs. With UC transforming the way businesses communicate, solutions like Dubber provide much-needed, secure and compliant functionality.”

Steve McGovern, CEO, Dubber: Nuuday is a recognised industry leader and one of the most progressive carriers in the European unified communications sector, with one of the largest customer bases on its Cisco/Broadworks UC network. We are delighted to be upgrading Nuuday’s existing recording installed base to the Dubber platform. These legacy services will now have all the inherent benefits of Dubber’s cloud platform, including fully compliant storage, search, transcription, and sentiment analysis – providing Dubber with an accretive increase to our ARR. Provisioning of the Dubber Platform across a broad addressable market will also enable Nuuday to utilise AI to transform data into valuable insights, driving revenue, retention, and differentiation. In addition, Dubber’s cloud-native, simple-to-deploy call recording platform provides Nuuday with an infinitely scalable solution that will grow as their customer needs grow.”

“Our agreement with Nuuday is another important milestone in establishing Dubber as the defacto call recording and conversational AI service for a telecommunications service provider. Through our innovative technology and partnering approach, we can deliver scale, carrier-grade performance and integration in the cloud, and the partnering model to enhance revenue for our service provider customers significantly,” added McGovern.

The Nuuday agreement will provide an accretive revenue stream for Dubber, with additional revenues determined by uptake of the services by Nuuday customers. This ASX announcement has been approved for release to ASX by Steve McGovern, CEO & Managing Director.

Record growth in the 6 months to 31 December 2021

Dubber Corporation Limited (ASX: DUB) (‘Dubber’ or ‘the Company’), the leading global Unified Call Recording & Voice Intelligence cloud service designed for service providers, government, and businesses of any size, today released its report on the Company’s operating activities along with the Appendix 4C for the quarter ended 31 December 2021.

Download the Dubber December 2021 Quarterly Activities Report below.