Dubber.Dubber.Do., page-6780

I think we need to question whether the DUB product is viable. Reported revenue growth has been achieved through acquisition and very little it would appear attributed to the DUB product. Onboarding partners and subscribers haven’t been the issue, getting them to perceive value in the DUB product so they are willing to pay money for it, has been.

Reported ARR has never matched actual customer receipts, so something is wrong there, a little too much creativity is being applied to financial reporting.

The marginal growth in customer receipts from $20M in 2021 to $25M in 2022, when set against a loss of $32M in 2021 and a loss of $83M in 2022 is an awful result no matter which way you look at it. All the while management is handing 2 million freebie ZEPOs each year to individuals already on inflated C-level salaries when all the company appears to do is burn the capital raised funds by spending excessive amounts on first-class travel, office fit-outs like they were Google, employing more staff who don’t contribute to cash receipts and it gets worse each year. For what little increase they achieve in revenue, their expenses go up much more.