DUB +1.51%: The call recording and communications intelligence business was choppy today on the back of their 3Q update. Average Reoccurring Revenue (ARR) was up 62% YoY to $55.1m while revenues for the 3 months came in at $9.25m, up 9% on the previous quarter. Penetration continues to build with more than 540k subscribers now using their products. With ARR now over $55m and costs running around $5m a month, the core business is approaching cash flow breakeven, a key catalyst for the software company.
MM remains patiently long DUB in our Emerging Companies Portfolio
Add To Hit List
