This is the first time I can recall seeing a professional set of numbers without all the BS spin, graphs, bells, and whistles. If financials had been presented like this previously, I am pretty sure most of us wouldn't even be in the group any more.
$254 million accumulated losses for a company that has revenue of $30 million and lost $50 million in 23 and will blow more in 24
And this whopper, revenue grew 84% in FY23 to $30,029,811 (FY22: $16,317,595). Excluding the variable revenue reversal of $8,160,943 in FY22 !
The Group significantly invested in increasing headcount during FY22 to develop the next generation of Artificial Intelligence products. - Where are they?
They push this AI line across their social etc, and they have one Moments launched...
James Slaney Founder & COO @ Dubber Founder & COO @ Dubber1w
Spending a day with our AI research team is so exciting. Dubber AI is delivering amazing insights out of the box for businesses across the world and is really at the forefront of letting AI benefit how we all communicate .Don’t be fooled by other pretenders, word spotting gives you at best ‘flip of a coin’ results’, as our team have analysed.
They need to be slammed tomorrow and at the AGM, Who is steering this train wreck?
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