DUB +7.48%: the call recording and AI software company saw a strong ramp-up in recurring revenue despite a disappointing flow through to revenue, though this was previously flagged. Annualized Recurring Revenue increased by 50% to $59m, assisted by continued penetration within their service provider partners. Turning revenue into receipts continues to be a problem with the company recognizing $25.6m in operating revenue but only seeing $29.9m paid. They did flag that new processes had been put in place to improve collections in future periods.
MM is cautiously bullish DUB
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