Dubber Corp Ltd (DUBRF) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Can you see them now? Yes, I can. Good morning, everyone. Welcome to Dubber Corporation's Quarter 3 quarterly update. It'll be delivered by myself, Matthew Belizzi, a CEO, and Prasad Kazi, Acting CFO of the company. The key messages going into this quarterly update. Next slide, if I can, please, Prasad. Our underlying operating cash flows run rate turned positive for the entire quarter. So it's the first full quarter in Dubber's history where we've had underlying cash flow run rate positive for the entire quarter. We continue to heavily invest in AI and R&D in order to continue to bring forward the products and we're getting really purposeful about what we build in R&D and what we're going to deliver and I'll talk more about that in later slides. We advised last quarter that we'd signed a Tier 1 North American CSP who made an initial payment of USD just over $3 million. That is for a five-year connection fee to the network. The network's currently in place. The contract goes from 1 January 2026 for five years, 60 months, and will be accounted for equally over that 60 months at USD $48,000 a month. The subscription revenue will commence on that network shortly. It was originally planned to be March, April. It's probably more going to be around June, July, August. They've got delays at their end. It's not at our end at the moment. I will tell you the name of the network because we don't believe that's sensitive. What is sensitive is the fact that we received the payment and we've announced that. We announced that last quarter. It is Verizon that we've signed up. We are hooked into their mobile network and we'll be launching in their product. What's holding up their launch at the moment is delays by other vendors who are launching as part of this product. So it's not si...