- Dubber Corporation (DUB) has been placed in a trading halt pending an upcoming capital raise
- The call recording software company will remain in the halt until October 19 or when the announcement is made, whichever occurs first
- In a company update announced yesterday, Dubber revealed its revenue increased 51 per cent from the prior corresponding period to $3.25 million
- Additionally, the company added 38,062 new subscriptions in Q1 FY21, bringing the total to 230,606
- Further, Dubber revealed it has $16 million in cash on hand
- Shares in Dubber last traded for $1.25 on October 14
Dubber Corporation (DUB) has been placed in a trading halt pending an upcoming capital raise.
The call recording software company will remain in the halt until October 19 or when the announcement is made, whichever occurs first.
At this point, Dubber is yet to disclose how much it will be raising or what the funds will go towards.
In a company update, Dubber revealed its revenue increased 51 per cent from the prior corresponding period (pcp) to $3.25 million, and its annualised recurring revenue increased $2 million to $18.1 million for September 2020 to September 2021 period.
Dubber’s cash receipts increased by $1.1 million to $2.7 million.
Additionally, the company added 38,062 new subscribers in Q1 FY21, bringing the total to 230,606.
Dubber claims this increase reflects organic growth in users across its service provider partner networks.
Further, Dubber revealed that it has $16 million in cash on hand.
Shares in Dubber last traded for $1.25 on October 14.