Removal of ARR is consistent with the redefinition of revenues. Last qtr they had revenues of $10.3m which would have made for a 36% decrease instead of the reported 3%. Agree it's underwhelming but we are at least moving to consistent definitions which can be compared to on a like for like basis. The problem with the reporting of "revenues" for this company though is that companies tend to prepay services so that they can get certainty of their costs for the year. But dubber isn't allowed to report some of that prepayment as revenue until "the performance obligation is satisfied".
DUB Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
