Dubber Corp Ltd (DUBRF) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.043 -- 00:00:05.448 Okay, we might start now. It looks like we're stabilising on the list. 00:00:05.448 -- 00:00:10.833 So good morning everyone. Welcome to the Dover Corporations 00:00:10.833 -- 00:00:13.996 FY26 Q1 update. Andrew, 00:00:13.996 -- 00:00:15.996 if 00:00:16.119 -- 00:00:19.860 you can move on to the key messages please. 00:00:23.546 -- 00:00:29.866 So we did report positive net operating cash flow for the first time in history. 00:00:29.866 -- 00:00:35.314 excluding the exceptional cash flow items, which Andrew will talk to. 00:00:35.314 -- 00:00:40.321 Whilst there is a chunk of money in the quarterly, in the one-time 00:00:40.321 -- 00:00:43.786 exceptional cash flows, most of it's not continuing. 00:00:43.786 -- 00:00:48.934 So we don't expect that to, we expect this to be a little bit 00:00:48.934 -- 00:00:54.562 abnormal, the cash out for the quarter, and that should stabilise going forward. 00:00:54.562 -- 00:00:59.482 The group remains well capitalised with over $14.5 million of working capital. 00:00:59.482 -- 00:01:04.547 With a cash balance, it's at 30th of September of $9.5 million and our 00:01:04.547 -- 00:01:09.552 $5 million undrawn facility. During the quarter, we exited our 00:01:09.552 -- 00:01:15.137 UK property leases, finding an annual saving which will start flowing through of $2 million 00:01:15.137 -- 00:01:16.979 per annum. 00:01:16.979 -- 00:01:19.961 Cost us $300,000 to 00:01:19.961 -- 00:01:22.622 exit those leases. 00:01:22.804 -- 00:01:28.109 Our underlying recurring revenue for the quarter was $8.2 million, which is flat 00:01:28.109 -- 00:01:31.608 month on month. with the previous quarter. 00:01:31.608 -- 00:01:37.273 Now we've excluded VMO2 from that. We do still have some VMO2 revenues, 00:01:37.273 -...