Dubber (DUB)

We have followed cloud calling & Artificial Intelligence (AI) business Dubber (DUB) from early in the year before seeing the stock run well ahead our buy area. Recently though it’s pulled back around 15% from all-time highs, putting it back on the MM radar. As a refresher, DUB have cloud call recording software that is being offered via partnerships with some of the world’s largest telco’s & technology companies. They are a world leader in what they do, which is essentially recording calls, analysing them and providing insight around what was said. For instance, if Market Matters used DUB software (we don’t) we could set up a notification if a combination of words that implied dissatisfaction was used on a call, giving us the heads up that this customer was potentially unhappy  and us the chance to address it in a timely manner. Remote working is also a key tailwind for their offering. They recently raised a significant $110m to fund acquisitions which are starting to come through, last week they picked up Notiv, an AI lead notetaking business, in a small $6.6m deal. While not a huge uplift in sales, it does add to Dubber’s growing offering which is now accessible through a number of key North American telcos & cloud communications. Dubber’s revenue is set to double in FY22 organically – tack a few more acquisitions in and the path to positive earnings in a few years becomes clear.