In addition to Dubber’s cash balance of approximately $4.3m the Company lodged an R & D tax concession which was in excess of $1.3m with the funds received in January 2016.
As announced on 3 November, Dubber was chosen by a leading Australian bank to provide solutions under an agreement valued at $1.68m subsequent to an initial deployment. The agreement is scheduled to commence in Q1 2016.
So out of the $1.68m for the bank agreement, you have only accounted for $500K and a record $2.4m cash burn for the June qtr?
DUB Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
