Friday, 14 December 2018 01:37

Dubber surpasses $500k mark in monthly revenue for first time


Australian-listed call recording company Dubber has achieved revenues of $517,000 in November, to break through the $500k monthly barrier for the first time.

Dubber chief executive Steve McGovern said working off a starting position of monthly revenues in excess of $500k “provides for significant optimism for 2019”.

He said Dubber (ASX:DUB) would continue to focus on growth in the key areas of increasing active users (plus associated revenues) and increase the global footprint across telecommunication service providers which provide the foundation of the company’s success.

“Growing revenue has been a key focus for the company this year. December and January are often ‘embargo’ periods for network and product implementation in the service provider sector -so it was important to have a strong period leading towards the end of the year in all aspects of the business.

“The company continues to be successful in establishing partnerships with an enviable list of global leaders as the Dubber Platform has been delivered to a world class standard and those partners recognise the value of strategies which comprise cloud, data and voice to deliver business outcomes. Ultimately, the success in those partnerships will underpin the company’s progress,” McGovern said.

McGovern pointed to highlights of the year including the completion of a $5 million capital raising via placement at the end of November, managed by Morgans Corporate, with $500,000 of the placement taken up by Dubber’s leadership team, subject to shareholder approval.

He also noted the company’s attendance at Cisco BroadSoft Connections, held in Miami, Florida, in November, with highlghts including:

  • A dedicated "break out session" for call recording on BroadCloud;
  • Continued demonstration of current and prototype developments in the "Zoe" intelligence suite including "real-time" outcomes driven by words spoken in live phone calls;
  • Substantial engagement with service providers as the company looks to grow its direct agreements from our existing 57 partnerships;
  • Announcement of the Vodafone launch in New Zealand for fixed, mobile and ready government services;
  • Additional opportunities for the company to accelerate service provider uptake via additional Cisco UC-focused product offerings, including Cisco HCS, Cisco BroadCloud Carrier, and Cisco Cloud Calling;
  • The expansion of the BroadCloud sales channel to include the Cisco dealer/distribution network; and
  • Introduction of the Cisco “Flex” program to service providers that sees the Cisco dealer network selling services in partnership with participating service providers, directly onto the BroadCloud platform.

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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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