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An update from Dubber Corporation Limited ( (AU:DUB) ) is now available.
Dubber Corporation Limited announced that VirginMedia O2 will not renew its contract for call recording and SIP services, which could lead to a significant gross margin reduction of approximately $7 million. Despite this setback, Dubber plans to mitigate the financial impact by eliminating related expenses and pursuing new growth initiatives, aiming to return to positive cash-flow by the end of the year.
More about Dubber Corporation Limited
Dubber Corporation Limited is a market leader in conversational intelligence and unified conversational recording, primarily serving Communications Service Providers. The company is listed on the ASX and is embedded in over 230 networks and services, enabling providers to transform conversations into valuable insights for innovation and revenue growth.
Average Trading Volume: 3,635,204
Technical Sentiment Signal: Sell
Current Market Cap: A$97.06M
Learn more about DUB stock on TipRanks’ Stock Analysis page.