DUB -25.27%: the call recording and software company struggled today after a weaker 4th quarter. Average Reoccurring Revenue (ARR) grew $4m, to $59m but revenues for the quarter were just $10.3m and they burnt through $12.7m in cash in the period. We spoke to both the MD & COO this morning who said revenues were being pushed out with some delays to launches on service providers. They also talked to a number of one off costs in the quarter weighing on the cash number, particularly around spending on travel as they look to expand their footprint and get in front of more potential customers. The growth is still there, but we have seen revenue pushed further out which is a concern.
MM is reviewing its position in DUB
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