Dubber Corporation Limited AI Stock Analysis
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Dubber Corporation Limited (DUB) AI Stock Analysis
Dubber Corporation Limited
(ASX:DUB)
The score is driven primarily by improving financial trends (narrowing losses and sharply reduced cash burn, plus lower debt) but is held back by the latest revenue decline, continued net losses, and shrinking equity. Valuation is difficult to interpret due to negative earnings (negative P/E) and the lack of a dividend yield, while technical conditions cannot be evaluated from the provided data.
Dubber Corporation Limited (DUB) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 18.99M
- Dividend Yield
- ―
- Average Volume (3M)
- 4.20M
- Price to Earnings (P/E)
- -2.3
- Beta (1Y)
- 1.30
- Revenue Growth
- -16.88%
- EPS Growth
- 82.25%
- Country
- Australia
- Employees
- 209
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Dubber Corporation Limited Business Overview & Revenue Model
Company Description
Dubber Corporation Limited, together with its subsidiaries, provides unified call recording and conversation artificial intelligence services to the telecommunications industry in Australia, Europe, the United States, and internationally. The company...
How the Company Makes Money
Dubber makes money primarily by selling cloud-based voice recording and related services on a subscription basis (SaaS). Its core revenue model is recurring revenue from customers who pay ongoing fees to record and retain calls and voice communicatio...
Dubber Corporation Limited Earnings Call Summary
The call conveyed cautious optimism: tangible progress on cost reduction (12–15% improvements), gross margin expansion to ~70%, and a material North American CSP contract (close to AUD 4.6M) provide clear near-term cash and validation upside. Offsetting these positives are a slight decline in recurring revenue (≈4.9% QoQ), ongoing roll-offs from prior contract losses (e.g., VMO2), timing-related receipts weakness, and legal/recovery uncertainty that could be material. Management is focused on a FY'26 run-rate breakeven, heavy AI R&D investment, product consolidation and rebranding to drive future growth. Overall the balance of strong cost discipline, a major contract and path to breakeven versus still-present revenue and legal risks leads to a cautiously positive tone.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided toward underlying cash‑flow breakeven in FY‑26, noting Q2 reported revenue of $9.3m and recurring revenue of $7.8m (from $8.2m), receipts of $8.6m, a Q2 operating cash‑based cost of $9.5m (down 12% QoQ) and annualized cash‑based costs of $38m, with annualized operating costs at $26.8m (Q2 run‑rate, down 15% vs Q1); gross margin improved to 70% (+1% QoQ). They expect a near‑term AUD 4.6m payment from a Tier‑1 North American CSP in Q3 (5‑year network connection fee) that should drive a record cash quarter, have an undrawn $5m loan facility and raised $765k from directors in Q2; after normalizing one‑offs (~$1.0m) and working‑capital timing (~$1.6m) Q2 cash outflow was roughly nil. Guidance also expects gross margins to stay in the 70s, no planned further capital raises if cash inflows materialize, marketing to drive ~50% of channel leads, mid‑year platform consolidation to cut costs, and AI‑led product and ARPU uplift to drive growth.
Dubber Corporation Limited Financial Statement Overview
Summary
Financials are improving but still weak. Revenue declined in the latest year (~13% in 2026) and profitability remains negative (ongoing net losses). Offsetting this, losses narrowed materially into 2026 and cash burn improved sharply to near breakeven, while debt has been reduced; however, equity has eroded over time, increasing risk if the turnaround stalls.
Income Statement
18Very NegativeBalance Sheet
56NeutralCash Flow
24Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.07M | 35.07M | 42.19M | 38.66M | 30.03M | 16.32M |
| Gross Profit | 2.13M | 2.13M | 4.95M | 24.55M | -50.87M | -62.62M |
| EBITDA | -3.16M | -3.16M | -10.52M | -28.51M | -60.79M | -75.67M |
| Net Income | -8.15M | -8.15M | -33.31M | -40.72M | -69.20M | -84.11M |
Balance Sheet | ||||||
| Total Assets | 25.16M | 25.16M | 37.13M | 54.29M | 89.98M | 149.48M |
| Cash, Cash Equivalents and Short-Term Investments | 10.21M | 10.21M | 10.86M | 10.65M | 2.86M | 54.38M |
| Total Debt | 2.13M | 2.13M | 7.88M | 7.40M | 9.37M | 11.28M |
| Total Liabilities | 17.47M | 17.47M | 23.21M | 36.81M | 36.77M | 34.24M |
| Stockholders Equity | 7.68M | 7.68M | 13.92M | 17.49M | 53.21M | 115.25M |
Cash Flow | ||||||
| Free Cash Flow | 3.33M | -24.83K | -21.76M | -22.83M | -50.92M | -45.30M |
| Operating Cash Flow | -20.48K | -20.48K | -21.76M | -22.83M | -50.18M | -42.21M |
| Investing Cash Flow | 249.87K | 249.87K | 488.68K | 2.42M | 1.30M | -40.22M |
| Financing Cash Flow | -372.84K | -372.84K | 21.09M | 29.04M | -1.93M | 105.01M |
Dubber Corporation Limited Peers Comparison
Overall Rating
AU:NXL75Outperform
AU:OCL70Outperform
AU:IRI69Neutral
AU:HSN58Neutral
AU:CCG55Neutral- AU:DUB51Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:NXL | 75Outperform | AUD 584.02M | 34.62 | 5.34% | ― | 18.83% | ― |
| AU:OCL | 70Outperform | AUD 636.87M | 17.15 | 33.67% | 3.93% | 6.59% | 4.49% |
| AU:IRI | 69Neutral | AUD 49.24M | 40.30 | 1.25% | 11.11% | -15.56% | -91.14% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| AU:HSN | 58Neutral | AUD 739.84M | 15.39 | 12.46% | 2.70% | -1.53% | 10.09% |
| AU:CCG | 55Neutral | AUD 43.58M | 34.55 | 3.15% | 3.29% | -7.66% | ― |
| AU:DUB | 51Neutral | AUD 18.99M | -2.33 | -86.45% | ― | -16.88% | 82.25% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:DUB | Dubber Corporation Limited | 0.01 | -0.01 | -50.00% | |
| AU:HSN | Hansen Technologies Limited | 3.71 | -2.13 | -36.47% | |
| AU:IRI | Integrated Research Limited | 0.27 | -0.04 | -12.90% | |
| AU:CCG | Comms Group Ltd. (Australia) | 0.08 | 0.01 | 20.63% | |
| AU:OCL | Objective Corporation Limited | 6.61 | -10.85 | -62.15% | |
| AU:NXL | Nuix Ltd. | 1.68 | -0.30 | -14.94% |
Dubber Corporation Limited Corporate Events
Dubber Director Matthew Bellizia Increases Indirect Shareholding via On-Market Purchase
Dubber Corporation Limited has disclosed a change in director interests following on-market share purchases by director Matthew Bellizia. The director holds his interests indirectly through a series of family, superannuation and dependent accounts, r...
Dubber Confirms Prasad Kasinadhuni as CFO After Strengthening Financial Reporting
Dubber has appointed Prasad Kasinadhuni as Chief Financial Officer, effective 28 August 2026, following his tenure as Financial Controller and Acting CFO since late 2025. Under his leadership, the finance function has operated with a leaner structure...
Dubber Files FY2026 Governance Disclosures with ASX
Dubber Corporation Limited has lodged its Appendix 4G and Corporate Governance Statement for the financial year ended 30 June 2026, complying with ASX requirements that governance disclosures be current and board-approved. The documents, accessible v...
Dubber Revenue Falls on Loss of VMO2 Contract but Underlying Loss Narrows
Dubber Corporation Limited reported revenue from continuing operations of $35.1 million for the year ended 30 June 2026, a 17% decline on the prior corresponding period due mainly to the non-renewal of the VirginMedia O2 mobile voice recording contra...
Dubber issues Q4 FY26 activities update with investor guidance caveats
Dubber Corporation Limited released its Q4 FY26 quarterly activities report and Appendix 4C, outlining operational and financial updates for the period. The company emphasised that the presentation is informational, may include non-GAAP financial mea...
Dubber Discloses Director John Selak’s Departure and Significant Indirect Shareholding
Dubber Corporation Limited has disclosed that director John Selak ceased to be a member of the board on 7 July 2026, providing a final notice of his interests in the company’s securities as required under ASX listing rules and the Corporations Act. W...
Dubber Director John Selak Resigns; Fees to Be Paid in Cash
Dubber Corporation Limited has announced the resignation of Non-Executive Director John Selak, effective 7 July 2026, citing personal reasons for his departure from the board. Selak, who joined in December 2024, will remain available to support trans...
Dubber Trims Option Overhang as 399,000 Securities Expire Unexercised
Dubber Corporation Limited has notified the ASX of the cessation of several tranches of employee share options and listed options, following their expiry without being exercised or converted. The expiries, covering a total of 399,000 options that lap...
Dubber Expands ASX-Quoted Share Base With New Ordinary Issues
Dubber Corporation Limited has lodged a new application with the ASX for quotation of additional ordinary fully paid shares under its existing ticker DUB. The filing details the issue of 1,081,000 shares dated April 9, 2026, and a further 35,000 shar...
Dubber director Matthew Bellizia increases indirect shareholding via on-market purchase
Dubber Corporation Limited has disclosed a change in director Matthew Bellizia’s relevant interests, indicating an on-market acquisition of additional shares. Bellizia purchased 5,000,000 ordinary fully paid shares at $0.009 per share, lifting his in...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 26, 2026