Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-61

there's plenty of other high growth companies with similar achievements. Dubber are doing well, they're in the pack, but they're not ahead of it.

and all the "launches" and "partner" announcements look great - but there's no visibility on take up and bottom line impact, or core business vs acqusition growth. instead there's solid headline numbers offset by persistent queries on cash burn and receivables.

so yes, they are treading water. and that'll continue until they give us that long awaited knockout quarterly that shows a credible pathway to cash flow positive and another spike in users, hopefully driven by Foundation partner deals.