So, Dubber has a pattern of this. Yesterdays presentation posting stated that they will be out with their quarterly soon... but here's a preso. No doubt it was to go into a raise (as they did today).
here's what I posted at their FY20 results:
"Am I missing something? Revenue up to $11.8M. But receipts from customers only $5.5M in cash flow (possibly includes GST).Wages increased 71% (not including share based payments).Losses up 81% to 18M!!! receipts from customers $5.5. Payments to suppliers and employees of $20M.How can a company collect less than 50% of revenue, have an operational cash loss of $12m. Raise $10m. Finish the year losing $18m and call it self on strategy???This company cant make any money for the next 2+years.I'm out"
My guess is that they have a sever collections issue and are posting what may be unearned revenue and therefore not collectable.
It may take a little longer for people to work it out... but they will
dub cap raise. lol, page-50
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