Dubber Corporation Limited (ASX: DUB) has released its Q4 FY23 Appendix 4C and Quarterly Activities Report. During Q4 FY23, the company saw outstanding growth, with Adjusted Recurring Revenue surging to AU$8.8 million, an 18% increase from Q3 FY23 and a remarkable 34% year-on-year growth. The total revenues for FY23 reached AU$30.0 million, showing a substantial 23% increase compared to FY22.
Operating cash receipts for the quarter hit a record AU$10.2 million, reflecting a significant 26% rise from Q3 FY23, and a total of AU$36.1 million for FY23, demonstrating a commendable 21% increase over the previous corresponding period. Dubber Corporation has secured approximately AU$3 million in additional revenues for FY24 through existing communication service provider agreements, showcasing a strong commitment to continued growth. As of 30 June 2023, the company maintained a robust cash balance of AU$32.9 million, providing a solid foundation for future growth initiatives.
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