ASX All Ords tech shares have been sold off significantly in 2022, but could this mean there are bargains waiting to be snapped up?

There are definitely some cheap shares out there, according to Elston Asset Management portfolio manager Justin Woerner.

Speaking to Livewire, Woerner singled out a number of cheap ASX All Ords tech shares that have slumped by more than 80% this year to date.

He did not suggest whether or not these specific companies are good opportunities. However, he believes the sell-off in tech shares has much more to do with changing investor risk appetites and interest rate hikes than negative adjustments to their fundamentals.

Woerner said:

Technology businesses tend to be less mature and rely on long-term revenue growth to justify valuations. Higher interest rates have worked to discount valuations. So, most of the price damage has been due to contracting PE (price-to-earnings) ratios rather than weakening earnings.

If you're willing to look through the short-term volatility, we see long-term value for several of the higher-quality technology businesses.

Here are the three ASX All Ords tech shares mentioned by Woerner as the biggest fallers this year. However, he urged caution when it comes to investing in the tech sector, saying companies need to be assessed on their individual merits.

EML Payments Ltd (ASX: EML)

The EML Payments share price is down by 81% year to date. It ended Friday's session at 63 cents.

The payment solutions platform was ousted from the ASX 200 in September due to not keeping up with the pack in terms of market capitalisation. Other bad news included being one of the most shorted ASX shares on 12 September.

However, some positive news emerged in August when the company announced its full-year results for FY22. EML Payments shares leapt 11% amid its earnings card hitting the market.

The company posted record revenue of $234.41 million, as well as a group underlying net profit after tax (NPAT) of $32.1 million. A $20 million share buyback program was also announced.

Redbubble Ltd (ASX: RBL)

The Redbubble share price is down 85% so far this year, closing on Friday at 50 cents.

The e-commerce company for artists has been having a rough ride in the recent past, including crashing 26% when it announced its first-quarter update on 20 October.

Red Bubble's earnings before interest and tax (EBIT) turned sharply negative during the quarter, ending with a $17 million loss. To put this into perspective, in the previous quarter this ASX All Ords share reported a $0.9 million profit.

It also inflated its expenses during the quarter, including a $3.8 million brand investment, and increased staff salaries and wages by $4.7 million.

Disappointing results were also recorded for FY22, as its earnings before interest, taxes, depreciation and amortisation (EBITDA) nose-dived 121.25% year over year to $11.2 million.

Dubber Corp Ltd (ASX: DUB)

The Dubber Corp share price is down 88% year to date to 32 cents.

Although the cloud-based call recording company's shares have been on a downward slide since late last year, shares slipped a massive 35% on 10 October due to its accounts being audited and then posted to the market.

The audit showed that its revenues were $10.3 million lower than its unaudited results described. Not only were its revenues lower, but its costs had also been significantly underestimated, too. Its total current loss stands at $83.2 million, compared with the previous unaudited figure of $64.7 million.

In a separate release to the market that day, the ASX All Ords share announced it was relieving its CFO Peter Curigliano of his duties with immediate effect.

On Tuesday, the company released its latest quarterly activities report. It reported cash receipts in the September quarter of $9.5 million, up 42% quarter-on-quarter. Operating cash costs increased by $500,000 to $20 million, while revenue was $6.6 million — down 3% quarter-on-quarter and up 10% year-on-year. Cash on hand at 30 September was $73.8 million.

The Dubber share price fell 8.6% on the day of the release.

The post Down more than 80% in 2022, are these ASX All Ords shares now screaming bargains? appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Dubber Corp Ltd (ASX: DUB)

The Dubber share price is down 25% to 41.5 cents. This follows the release of the call recording software provider's audited results for FY 2022. Dubber shocked investors by revising its revenue lower by $10.3 million from unaudited levels to $25.3 million and increasing its costs by $8 million. The company's CFO has resigned with immediate effect.

Johns Lyng Group Ltd (ASX: JLG)

The Johns Lyng share price is down 13% to $5.78. The catalyst for this has been news that the building services company's CEO, Scott Didier, has sold 4 million shares in the company. It appears as though the CEO received $6.25 per share, which equates to a total consideration of $25 million. The company explained: "This share sale has been undertaken to fund Mr Didier's relocation and living expenses, including the acquisition of a family home in Denver Colorado, along with certain tax liabilities."

SEEK Limited (ASX: SEK)

The Seek share price is down 3% to $20.11. This may have been driven by a broker note out of Goldman Sachs this morning. According to the note, the broker has retained its sell rating and trimmed its price target on the company's shares down to $20.70. It is worth noting that the Seek share price is now trading below this level.

St Barbara Ltd (ASX: SBM)

The St Barbara share price is down 6.5% to 72 cents. Investors have been selling St Barbara's shares after the gold price pulled back on Friday night amid concerns over rising interest rates. It isn't just St Barbara that is falling today. The S&P/ASX All Ordinaries Gold index is down 4.2% this afternoon.

The post Why Dubber, Johns Lyng, Seek, and St Barbara shares are sinking today appeared first on The Motley Fool Australia.

In early trade, the cloud-based call recording software provider's shares are down 35% to 36 cents.

This means the Dubber share price is now down almost 90% since the start of the year.

Why is the Dubber share price crashing today?

Investors have been selling down the Dubber share price in a panic today after the company released a shocking update on its audited results for FY 2022.

In August, Dubber released its unaudited full year results and reported a 75% increase in revenue to $35.6 million.

However, after finally getting its accounts audited, this figure has been revised lower by $10.3 million to $25.3 million. Management commented:

The revenue figure has been adjusted because the Company's interpretation of accounting standards relating to particularly, Platform Fees and Foundation based revenues has been modified following consultation with the Company's auditors.

But it gets worse. Dubber has also revised its costs higher following the audit. Total costs are now $8 million more than previously stated, bringing its loss after tax to $83.2 million. This compares to its previously stated loss of $64.7 million.

CFO out

Unsurprisingly given the above, Dubber's chief financial officer, Peter Curigliano, is leaving the business.

A separate release, which doesn't even mention Curigliano by his name, states: "The current chief financial officer will step down from that position with immediate effect and assist the Company in the transition of the role."

Commenting on this disastrous update, Dubber's non-executive chair, Peter Clare, said:

I would like to sincerely apologise to shareholders, on behalf of the Board and CEO, for the delayed lodgment. A full review is underway and any necessary changes or improvements to avoid such an event occurring again will be implemented with the Board's full support.

The post Why did the Dubber share price just crash 35%? appeared first on The Motley Fool Australia.

The Dubber Corporation Ltd (ASX: DUB) share price has rocketed in early trade on Tuesday after the company released its 2022 financial results.

Shares in the cloud recording and audio software provider are up 9.35% to 58.5 cents each at the time of writing. They hit an early high of 59.5 cents a share, 11.2% higher, shortly after market open.

Here are the highlights of Dubber's full-year results.

What did the company report?

• Total operating revenue up 75% to $35.6 million
• Annual recurring revenue (ARR) up 51% to $59 million
• Loss after income tax up 104% to $64.7 million
• Accumulated losses at 30 June 2022 at $165 million
• Employee headcount up 139% from 101 to 242
• Subscribers up 38% from 420,000 to 580,000
  

What else happened in FY22?

During the year Dubber signed deals with major telcos Optus and BT to carry its recording and voice technologies.

Back in July 2021, the company raised $110 million at $2.95 per share.

Other than that, a series of market updates only managed to disappoint the share market repeatedly during a period when loss-making growth businesses completely fell out of favour.  

What did management say?

Dubber chief executive Steve McGovern said:

The last 12 months have been transformative for Dubber, a period where we have achieved three major operational initiatives at the same time as growing the business substantially across all key metrics. The company is in a significantly improved position compared with June 2021, including having future business objectives fully funded to cash flow break even. 

We have invested in infrastructure which will underpin the Company's future, integrated two businesses and doubled the size of our team including key executive appointments. 

What's next?

The company declined to give specific guidance for the 2023 financial year.

Dubber released a statement saying:

The company has made significant investment in infrastructure, people and products during FY22 that will enable it to stabilise operating expenditure in FY23 with a model that sees growth in recurring revenue increasing at a faster rate than costs.

Merger and acquisition activity will remain on the Company's radar, however, a dynamic market regarding relative valuations has led the Company to focus on ensuring its capacity for continued growth of its core unified recording and conversational intelligence platform to leverage and protect its balance sheet.

Dubber share price snapshot

Devastation is one word that can be used to describe the journey for the Dubber share price this year.

The stock has lost more than 80% of its value since the start of the year, or 85% if you go back 12 months. 

Dubber shares started Tuesday at 54 cents.

The post Dubber share price soars 11% despite losses doubling in FY2022 appeared first on The Motley Fool Australia.

The Dubber Corp Ltd (ASX: DUB) share price is losing its footing on the last day of trading for the week.

At the time of writing, shares in the cloud-based call recording software provider are 25% in the red. This contrasts with yesterday's solid 13.4% gain ahead of the company releasing its fourth-quarter results after market trading hours.

Yet, today is a different story after investors have had a chance to dissect the latest results. Furthermore, management conducted a quarterly webinar this morning, providing more information to digest.

So, what could be pushing the Dubber share price lower today?

Chasing down payments

For the most part, Dubber's fourth quarter is a story of robust growth. To quickly summarise the company's achievements, here is a recap of the highlights:

• Annualised recurring revenue (ARR) up by 51% year on year to $59 million
• Total annual revenue increased 75% YoY to $36 million
• Subscribers increased 38% YoY to more than 580,000
• Cash receipts grew by 48% YoY to $29.9 million
• Cash on hand at the end of the quarter finished at $84.3 million

The above metrics are all relatively impressive given the challenging macro environment. However, it is possible investors are taking issue with the more granular details around cash receipts for the quarter, putting pressure on the Dubber share price.

According to the report, cash receipts fell by $1.8 million compared to the prior quarter. As a result, Dubber booked $6.7 million for Q4 or a 21.1% decrease. The company states this was due to outstanding payments, the majority of which are expected to flow through in the September quarter.

However, comments regarding cash receipts made by Dubber CEO Steve McGovern on the quarterly webinar this morning may have caused some unease among investors.

I think if you have followed Dubber for a while, the most important factor here is that whilst we have 580,000 subscribers who are on our call recording plan, they're not credit card subscribers. Our customers are actually service providers. And so, if we have a service provider that doesn't pay in a quarter, it can be quite meaningful. If you look at the four quarter's over the past year, you will see that that's happened, you know, quite regularly — fluctuating in terms of our receipts. 

This uncertainty created by fluctuations in payments from service providers may have spooked some investors today.

Dubber share price snapshot

Today's reaction to Dubber's quarterly report puts a dampener on what has been a recent resurgence in the Dubber share price. Prior to today, shares had surged 75% from the year's low of 51 cents.

As a result, the company's share price has retreated nearly 74% since the start of 2022. Despite the rather disappointing move, Dubber has continued to deliver revenue growth over the last 12 months. However, the company reportedly burned through $12.7 million of cash at an operational level during the fourth quarter.

Based on the current Dubber share price, the company holds a market capitalisation of $283.7 million.

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The year 2022 has been brutal on ASX technology shares.

The S&P/ASX All Technology Index (ASX: XTX) has declined by around 35% so far this year, and there is no relief in sight.

But long-term investors will already know the tide will turn sooner or later.

Shaw and Partners portfolio manager James Gerrish said that the ride will be bumpy at least for the rest of 2022.

"It's going to [be] a volatile and unforgiving year for stocks that are not making money and trading on very high multiples of revenue that have any type of slip-up."

So for now, his team is just sticking to ASX tech shares names that are profitable.

'Highest risk and greatest potential reward'

But of course, with risk comes reward.

Gerrish admits that once the sentiment turns back in favour of high-growth stocks, some pre-profit tech companies may have far more upside.

"If sentiment changes in the space, that is where the highest risk and greatest potential reward will be found."

Out of those, he named three ASX tech shares in particular that are best placed for a return to glory.

"We like Dubber Corp Ltd (ASX: DUB) and see deep value there — however, the share price has been terrible," he said in a Market Matters Q&A.

"Life360 Inc (ASX: 360) is another worth consideration given its sharp recent declines versus its growth profile, while some value is starting to show in Megaport Ltd (ASX: MP1)."

What do these 3 ASX tech shares do?

Melbourne-headquartered Dubber develops cloud communications software. Its shares have been beaten down by 73% year-to-date.

It's one that The Motley Fool chief investment officer Scott Phillips picked as the "strike bowler" in his "ASX XI" back in January.

"Takes three-for-none or bowls a brace of wides and goes wicketless," he said.

"But you wouldn't be without them, especially in test cricket over a long series."

Dubber certainly has bowled a few down legside this year. Here's hoping it can take a five-for soon.

Life360 shares have fared just as worse this year, dropping a painful 69% so far.

Bell Potter loves the family app maker though, setting a price target that's more than double the ASX tech share's current price.

"Bell Potter is positive on the company and believes it has ample cash to fund it through to cash flow breakeven," reported The Motley Fool last week.

"The broker has a buy rating and $7.50 price target on its shares."

Megaport, despite plunging 67% in value this year, has plenty of fans.

The virtual network provider also has a stock price target that exceeds double the current level, this time with Goldman Sachs.

"The company is tipped to expand rapidly in the future as public cloud adoption and multi-cloud usage increase," reported The Motley Fool last week.

"Goldman sees networking-as-a-service as a key driver of the company's growth in the future."

The post 3 ASX tech shares that could pop when the mood turns appeared first on The Motley Fool Australia.

The end of the financial year is fast approaching, which means two things: it's time to start getting your personal taxes in order and ASX shares may see some extra selling pressure.

The S&P/ASX All Ordinaries Index (ASX: XAO) has weathered a 0.8% decline since the beginning of the month. Though, a subset of companies inside the index might receive more punishment this month.

Commonly, investors that are ready to call it quits on an underperforming investment begin to action their sell orders in June as the end of the financial year draws near. As you might imagine, this can momentarily depress the performance of ASX shares.

In particular, companies that have already experienced significant falls in the financial period tend to have a greater chance of landing on the chopping block.

In light of this, here are nine companies that might be subjected to increased selling this month.

ASX All Ords shares that could be tax time targets

One common market adage is, "sell in May and go away." Though, this isn't such a feasible approach for long-term investors. Additionally, the share market isn't predictable enough to confine it to such simple rules. If it were, we'd all be timing the market perfectly — and, we know that isn't the reality.

However, it is always helpful to mentally be readied for potential short-term share price weakness. Furthermore, if these are companies shareholders believe are winners over the long-term, any downside this month could serve as a buying opportunity.

Below is a list of ASX All Ords shares that have experienced the greatest falls during the financial year. Based on the above-mentioned logic, these companies could be in the sights of investors looking to make use of capital losses:

From the above table, we can see that buy now, pay later (BNPL) companies fell out of favour during this time. ASX All Ords shares such as Sezzle and Zip have both been incinerated, tumbling more than 90% since 1 July 2021.

Meanwhile, other ASX shares that could experience further selling this month include former standouts. Companies like Cettire, Pointsbet, and Dubber were all stellar performers in FY21. Unfortunately, this financial year has seen their respective share prices turn and retreat.

A previous version of this article mistakenly included Tabcorp Holdings Limited (ASX: TAH), which has since been removed given YTD share price falls were attributable to The Lottery Corp Ltd (ASX: TLC) demerger.

The post 9 ASX All Ords shares that could be stung by tax-loss selling appeared first on The Motley Fool Australia.

2022 so far has been rough for many ASX investors. But the market's struggles have also brought some quality ASX All Ordinaries Index (ASX: XAO) shares to their lowest price in years. Talk about a bargain!

Let's take a look at these three quality stocks reaching 52-week lows on Monday.

3 quality ASX All Ordinaries shares trading at 12-month lows

Bigtincan Holdings Ltd (ASX: BTH)

The first quality ASX All Ordinaries share trading at a new 52-week low on Monday is Bigtincan.

The company's stock reached a low of 47 cents this morning, representing a 4.08% tumble and the lowest it's been in more than two years.

Bintincan provides software to sales and service providers that helps increase sales and customer satisfaction.

The company has been struggling in 2022 despite releasing plenty of good news.

The most recent update from the company detailed a new partnership and cash flow breakeven target, as well as reaffirming its financial year 2022 guidance.

However, Bigtincan's stock might be being weighed down by the broader technology sector.

The S&P/ASX All Technology Index (ASX: XTX) has tumbled nearly 33% year to date amid rising inflation and interest rate hikes.

Dubber Corp Ltd (ASX: DUB)

Dubber is another embattled – but still high quality – All Ordinaries tech share trading at a new 52-week low today.

The cloud-based call recording and voice artificial intelligence provider's stock slumped to 70 cents at its lowest point today. That's down nearly 8% from Friday's close and the lowest it's been since the onset of the COVID-19 pandemic.

The latest quarterly report out of the company showed rising revenue, subscribers, and annual reoccurring revenue.

Frontier Digital Ventures Ltd (ASX: FDV)

The final quality ASX All Ordinaries share to reach a new 52-week low is Frontier Digital Ventures.

The stock hit a low of 83 cents on Monday – the lowest it's been in nearly two years and around 5.7% lower than its previous close.

Frontier Digital Ventures operates online marketplace businesses in emerging markets.

The last time the market heard from the company was in late April. Then, it released its activities report for the March quarter, detailing record quarterly and monthly revenue and positive earnings for the period.

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Shares of Dubber Corp Ltd (ASX: DUB) have surged 18.28% at the close of trading on Wednesday and are now fetching $1.10 apiece.

The gain brings Dubber's gain over the past five days of trade to 20.8% after shares bounced off a 52-week closing low of 91 cents apiece.

What's up with the Dubber share price?

There's been no price-sensitive news from Dubber since the cloud-based software as a service (SaaS) provider released its quarterly activities report in April, so let's look at the bigger picture.

Dubber shares have been sold off heavily since the beginning of the year with those still holding the stock realising a 60% loss in that time.

However, the downward trend had been in situ for some time, as the share price had tumbled from a 52-week closing high of $4.26, bringing the total drawdown now to 74% from that point.

Needless to say, Dubber's downturn has been consistent with the moves in the wider tech sector, as the S&P/ASX All Technology index (ASX: XTX) has also crumbled 29% lower in 2022.

Dubber appears to track the tech index closely, with only a minimal divergence seen in March thus far in 2022, as seen on the chart below.

It wouldn't come as much surprise, therefore, to see Dubber's share price begin to lift alongside the tech index's 8% gain since 12 May.

As the sector continues strengthening so too has Dubber's share price. Although, that's not to suggest the correlation is the only cause of Dubber's spike.

Meanwhile, investors continue bidding up shares in the company on a volume of 168% that of its 4-week average.

Zooming out, and the Dubber share price has slipped 61% into the red over the last 12 months of trade.

The post Why did the Dubber share price push 18% higher today? appeared first on The Motley Fool Australia.

The Appen Ltd (ASX: APX) share price rollercoaster continues on Thursday with the stock recovering its losses for the week so far.

There's been no news from the provider of data for artificial intelligence to explain today's surge. However, it's also a good day for many of its ASX technology peers.

At the time of writing, the Appen share price is $6.73, up 4.83% on its previous close.

For context, the S&P/ASX All Ordinaries Index (ASX: XAO) is also in the green, having gained 0.7%.

Let's take a look at what might be going on with ASX tech shares on Thursday.

Appen share price up alongside ASX tech share peers

The S&P/ASX All Technology Index (ASX: XTX) is up 1.53% at the time of writing. Some of the big-name ASX tech shares doing well today include Megaport Ltd (ASX: MP1), up 3.33%, and WiseTech Global Ltd (ASX: WTC), up 4.1%.

Among the smaller ASX tech shares soaring today is Whispir Ltd (ASX: WSP), up 7.02%, and Dubber Corp Ltd (ASX: DUB), up 7.31%. Nuix Ltd (ASX: NXL) is also up 6.96%.

The market hasn't heard any price-sensitive news from Appen since early March but its share price has been displaying volatility lately. It fell 4.5% on Monday and gained it back on Tuesday. It slumped another 3.4% yesterday before lifting back into the green today.

Though, Appen's good days this week are nowhere near enough to outweigh its bad year. The Appen share price is 39% lower than it was at the start of 2022. It has also tumbled 54% since this time last year.

Appen has a market capitalisation of $792 million and has 123.4 million shares outstanding.

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The All Ordinaries Index (ASX: XAO) is enjoying another day of big gains today, up 1.5% at the time of writing.

But 2 ASX All Ords shares are running far hotter than that.

This ASX All Ords share is up 18%

Online luxury goods retailer Cettire Ltd (ASX: CTT) is soaring today, hitting an intraday high of $1.78, up 19.5%.

Cettire offers some 200,000 products on its website, representing more than 1,700 high-end brands.

We've heard no price-sensitive news out of Cettire since 7 February, when the company announced its China launch.

Cettire shares closed yesterday at $1.49 and are currently trading for $1.67. This is a welcome turnaround for ASX investors who have watched this All Ords share slide 54% over the past 6 months.

That slide continued despite some strong half-year results from Cettire, reported on 3 February. Those results included a 181% lift in sales revenue compared to the prior corresponding period, with sales reaching $114 million.

Also charging higher…

Our second ASX All Ords share leaping today is the cloud platform service provider, Dubber Corp Ltd (ASX: DUB).

The Dubber share price hit an intraday high of $1.38 in earlier trading, up 16%.

Dubber shares closed yesterday at $1.19 and are currently trading for $1.34.

As with Cettire, Dubber has also taken a beating over the past 6 months. Its shares are down 66% despite today's big lift.

With no price-sensitive news out, Dubber looks to be benefitting from improved sentiment in the tech sector. This has sent the S&P/ASX All Technology Index (ASX: XTX) 3.75% higher today.

The post 2 ASX All Ords shares jumping more than 15% today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Dubber Corp Ltd (ASX: DUB)

The Dubber share price is down 8% to $1.35. Investors have been selling this call recording software company's shares following the release of its half year results. While those results revealed strong top line growth, they also showed that Dubber's half loss had quadrupled to $31 million.

Evolution Mining Ltd (ASX: EVN)

The Evolution share price is down almost 5% to $4.07. This is despite there being no news out of the gold miner on Tuesday. However, with investors flooding back into risk assets today, safe haven assets have taken a hit. It isn't just Evolution that is falling. The S&P/ASX All Ordinaries Gold index is down almost 2% this afternoon.

Sandfire Resources Ltd (ASX: SFR)

The Sandfire share price is down almost 13% to $5.84. Investors have been selling this copper miner's shares after brokers responded negatively to its recent results. One of those is JP Morgan, which has retained its sell rating and cut its price target to $5.00. Not only were the miner's results below its forecasts, the interim dividend of 3 cents per share was 2 cents less than it was expecting.

Zip Co Ltd (ASX: Z1P)

The Zip share price is down 5.5% to $2.09. This morning the buy now pay later provider's shares returned from a trading halt following the completion of a ~$150 million institutional placement. These funds were raised at a 14% discount of $1.90 per share and will be used to support its growth. The market has also given a lukewarm response to news that Zip has signed an agreement to acquire Sezzle Inc (ASX: SZL).

The post Why Dubber, Evolution, Sandfire, and Zip shares are dropping appeared first on The Motley Fool Australia.

This follows the release of the call recording software company's half year results after the market close on Monday.

At the time of writing, the Dubber share price is down 13% to $1.28.

Dubber share price sinks as losses grow

• Revenue up 122% over the prior corresponding period to $16.4 million
• Annualised recurring revenue (ARR) up 33% to $51.8 million
• Users up 70% to 510,000
• Cash receipts up 111% to $14.7 million
• Loss after tax increased 317% to $31.2 million
• Cash in bank of $108 million

What happened during the first half?

For the six months ended 31 December, Dubber reported a 122% increase in revenue to $16.4 million and a 33% lift in ARR to $51.8 million.

Management advised that this reflects continued and substantial growth across all key metrics, with subscribers continuing to grow at a record rate via a combination of standard SaaS subscriptions and Foundation Partnership subscriptions. The latter is where a Dubber service is embedded as a standard feature of every subscription on a network.

In addition, the company highlights that it reached notable milestones and achieved record growth in its key metrics while finalising landmark commercial agreements and deployments. It also continued to establish critical scale in its business in terms of fundamental additions to its leadership team through the expansion of products and services as accretive revenue generators.

This ultimately led to standard SaaS subscriptions growing organically by over 90,000 in the first half of the financial year to in excess of 510,000.

Things weren't quite as positive on the bottom line, with Dubber reporting a $31.2 million loss after tax. This compares to a loss of $7.5 million a year earlier. This reflects $11.5 million in share based payments and a large increase in costs as the business scales.

Management commentary

Dubber's CEO, Steve McGovern, was very pleased with the progress the company made during the half.

He commented: "We entered FY2022 with clearly stated ambitions, to use the positioning of our unique technology platform to grow network connectivity and Annualised Recurring Revenue. Underlying these ambitions was the requirement to scale our business operations to deliver against the opportunity presented by a combination of market conditions and our technology advantage."

"To that end, we are very pleased with our progress in scaling up company operations whereby key positions have been filled with world class personnel and technology has been developed to a point whereby the delivery of new products and services is as much a driver of new revenue as is continued selling of our core services to a wider audience. By default, delivery of these new services in itself creates a wider audience and increased opportunities to deliver more services via our service provider partners," he added.

And while no guidance has been given for the remainder of FY 2022, Mr McGovern spoke positively about the future.

He said: "Dubber is the number one source of Unified Call Recording and Voice AI services – and due to its unique capacity within telecommunications networks, the only way to provision voice AI on every phone and every end point. The activities during the half year illustrated this position enabling the Company to expand on its UCR strategy with initiatives with partners such as Cisco, Microsoft Teams and IBM."

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Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Ansell Limited (ASX: ANN)

The Ansell share price is down 14% to $26.95. Investors have been selling the health and safety products company's shares after it downgraded its earnings guidance. Ansell now expects its earnings per share to be between 125 US cents to 145 US cents in FY 2022. This is down materially from its previous guidance of 175 US cents to 195 US cents. Management blamed this on softening demand and COVID-related operational challenges.

AnteoTech Ltd (ASX: ADO)

The AnteoTech share price has crashed a further 11% to 20 cents. Investors have been selling off this medical device company's shares since the release of an update on its EuGeni Reader and COVID-19 Rapid Diagnostic Test (RDT). Instead of receiving approval, that update revealed that AnteoTech has received a request for further information from the Therapeutic Goods Administration (TGA).

Dubber Corp Ltd (ASX: DUB)

The Dubber share price is down 5% to $1.80. This morning the global unified call recording and voice intelligence cloud service provider released its second quarter update. Although that update revealed an 82% increase in annualised recurring revenue (ARR) to $51.8 million, weak cash receipts appear to be weighing on sentiment. Management advised that its cash receipts were ~$1 million less than expected due to a delayed payment from a large customer.

NIB Holdings Limited (ASX: NHF)

The NIB share price has fallen 5.5% to $6.26. Investors have been selling the private health insurer's shares after JP Morgan downgraded them to an underweight rating with a $6.10 price target. The broker has concerns over margin pressures, among other things.

The post Why Ansell, AnteoTech, Dubber, and NIB shares are dropping appeared first on The Motley Fool Australia.

Look, by now you know I'm something of a cricket tragic.

Well, proper cricket.

Don't get me started on Twenty20 – does anyone remember who won last week, last month or last year? Didn't think so! – but the longer forms of the game are my favourite of all sports.

Maybe it's long lost summer days in front of the box or the radio. Maybe it's that in summer at least, we can all follow the same sport, rather than being splintered into the different winter codes.

Or maybe it's just slow, careful indoctrination by Richie, Bill, Tony, Ian, Greg and Max on Channel 9, and the voice of summer, Jim Maxwell on the ABC for a few decades!

In any event, this morning is both an exciting time – the fifth Ashes Test starts today, as if you didn't know – and a bittersweet one: it's the fifth of five, so the summer of cricket is drawing to a premature close.

And look, if I can find an excuse to put cricket and investing together, you just know I'm going to take it, right?

So, at the suggestion of one of my Twitter followers, Tristan, I got the investing team to nominate an ASX Test XI – the 11 companies we'd pick, if we were putting together a Test team to take on the rest of the investing world.

Now, a few things.

As with cricket, the panel didn't agree on every position. And, as self-appointed Chairman of Selectors, I might have made some final calls (sorry, team!), but I tried to represent the views of the whole investment team in the selections.

Second, and again just like cricket, we've tried to pick players for positions. But remember, this is just a little fun, so don't get too caught up in the nitty gritty.

Next, we don't expect you to agree. Which is fantastic, because we'd love you to wander over to our Twitter, Facebook and Instagram pages to share your thoughts on who you'd pick and who you'd drop!

What I will tell you is that each company was nominated by at least one of the investing team (and more often, more than one) and they're all companies we think are long term market-beaters.

Not only do you get to have a little fun with this, but I hope you might get a few stock ideas, too!
And for what it's worth, this is a Test team that we think has long-term promise. We're 'pick-and-commit' selectors, aiming for a side that'll be together for a long time to come.

So, to the list:

To open the batting, we're looking for solid, reliable, sensible characters with great technique.

1. ARB Corporation Limited (ASX: ARB)
2. Dicker Data Ltd (ASX: DDR)

Now, at first drop, the player who can still take some shine off the ball if an early wicket falls, but is also capable of building a big innings.

3. Steadfast Group Ltd (ASX: SDF)

Then to the best batter in the side. Great average, classy stroke-making and always more likely than not of putting together a big score

4. Xero Limited (ASX: XRO)

Next one in should be a solid player, capable of accumulating runs, and hanging around to add meaningfully to the score while batting with the tail.

5. Macquarie Group Ltd (ASX: MQG)

The team's all-rounder is next in the batting order. Adds real value with both bat and ball. Quality teammate who brings diversification to the side

6. Betashares NASDAQ 100 ETF (ASX: NDQ)

Our 'keeper is a vital part of the side, playing a specialist role, but also adding runs, encouraging the bowlers and keeping morale high during long days in the field. Reliable as they come.

7. Wesfarmers Ltd (ASX: WES)

Then we're getting into the bowlers. First is the guy or girl who is a reliable line-and-length bowler, who can maybe add a couple of runs, or hold up an end to give the recognised batter a chance to do the same.

8. Brickworks Limited (ASX: BKW)

Then our mercurial spinner. More than a few tricks up the sleeve. Mercurial. Out and out match-winner… sometimes.

9. Catapult Group International Ltd (ASX: CAT)

Then the best bowler in the side. Wonderful line and length. Metronomic, but also takes wickets. Frustrates batters into mistakes. Best bowling average in the side

10. Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Then the strike bowler. Takes three-for-none or bowls a brace of wides and goes wicketless. But you wouldn't be without them, especially in Test cricket over a long series.

11. Dubber Corp Ltd (ASX:DUB)

Well, that's our XI.

Given that there is usually more than one cricketer carrying the drinks, these days, we'll add in a near miss for the starting XI in Kogan.com (ASX: KGN), and then a couple who were unlucky to miss out, given the quality of the team: Nanosonics Ltd. (ASX: NAN) and Pinnacle Investment Management Group Ltd (ASX: PNI).

Perhaps, like Scotty Boland, some of those names are new to you. Hopefully, then, you'll have some new ideas to research. 

And if you flat out disagree, that's fine, too! Who do you think we should have included, instead?

Let us know on our socials. You can find us on Facebook, Instagram and Twitter!

And bring on the Test!

Fool on!

The post An ASX XI to take on the world appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Afterpay Ltd (ASX: APT)

The Afterpay share price is down 7.5% to $82.90. Investors have been selling this buy now pay later (BNPL) provider's shares after US authorities launched an investigation into the BNPL sector. The US Consumer Financial Protection Bureau is looking to see if BNPL players need to be better regulated and if US consumers are adequately protected.

Corporate Travel Management Ltd (ASX: CTD)

The Corporate Travel Management share price is falling 5.5% to $21.03. This follows the completion of a $75 million institutional placement. These funds were raised at a 5.8% discount of $21.00 per new share. Combined with an upcoming $25 million share purchase plan, the proceeds will support the acquisition of the Australia and New Zealand corporate and entertainment travel businesses of Helloworld Travel Limited (ASX: HLO).

Dubber Corp Ltd (ASX: DUB)

The Dubber share price has sunk 13% to $2.68. This appears to have been driven by weakness in the tech sector and a broker note out of UBS. According to the note, the broker has initiated coverage on the call recording technology company with a neutral rating. UBS wants to see a consistent trajectory of accelerating subscriber growth before turning more positive.

EML Payments Ltd (ASX: EML)

The EML share price is down 5.5% to $3.07. This morning the payments company confirmed that a class action has been commenced by Shine Lawyers. The proceedings are said to relate to whether EML failed to disclose information about correspondence received from the Central Bank of Ireland (CBI) in a timely manner.

The post Why Afterpay, Corporate Travel, Dubber, and EML shares are falling appeared first on The Motley Fool Australia.

In morning trade, the call recording technology company's shares are down 2% to $3.12

Why is the Dubber share price falling?

Investors have been selling down the Dubber share price today after weakness in the tech sector offset news of the signing of a deal with telco giant Optus.

According to the release, the company's Unified Call Recording and Voice AI platform is launching on the Optus mobile network.

The release notes that this represents an Australian first and will see the platform made available as a native feature of the Optus mobile network. As a result, enterprise customers on Optus now have access to a cost-effective and complete recording and conversational insights solution across virtually any form of communication.

Management believes this will fill a gap for users. It highlights that the offering allows enterprise and government users to securely record all mobile calls for compliance, customer, people and revenue intelligence.

The launch is expected to provide an accretive revenue stream for Dubber, with additional revenues ultimately determined by the uptake of the service by Optus enterprise customers.

Management commentary

Dubber's CEO, Steve McGovern, appeared to be pleased with the deal.

He commented: "With Dubber at the heart of one of Australia's largest and most critical mobile networks, we are making the native recording available with AI on every participating phone. Optus is expanding its leadership in connecting Australian businesses to their employees and customers and this now includes the ability to try AI based enrichment of conversations with insights, automated workflows, and more. A conversation on Optus' network is now worth more to a customer through the ability to capture and reveal insights from that conversation alongside others from other Optus services."

Mr McGovern also believes there is a significant addressable market for Dubber to target with this offering.

He explained: "Optus Mobile Voice Recording and AI powered by Dubber opens up a significant addressable market, provides a key solution where, historically, there has been a tangible compliance gap and represents a significant leap forward in achieving Dubber's vision of 'AI for every phone'. Whatever industry you are working in – financial services, healthcare, retail, government, legal, entertainment, travel, or transport – the power of native mobile recording, sentiment analysis, storage, transcription and real-time "search-ability" will be available to you on your Optus mobile service."

The post Dubber (ASX:DUB) share price falls despite announcing Optus deal appeared first on The Motley Fool Australia.

The Dubber Corp Ltd (ASX: DUB) share price is on the backfoot this afternoon. The comes after the company announced a new partnership agreement.

During mid-afternoon trade, the cloud-based software-as-a-service (SaaS) company's shares are down 5.6% to $3.20.

What did Dubber announce?

Investors appear unfazed by the company's latest win, sending the Dubber share price lower.

According to its release, Dubber has been selected by BT as the default recording and conversational intelligence provider.

Based in the United Kingdom, BT (formerly British Telecom) is one of the world's leading providers of global communications services and solutions. The company caters to customers in 180 countries.

The multi-year partnership will see BT deliver unified call recording (UCR) to a number of large organisations across the globe. Both Dubber and BT have worked together on implementing UCR services targeting major financial institutions.

While the deal opens a new revenue stream for Dubber, additional revenues will depend on the uptake from BT customers.

However, the deal has done little to help the Dubber share price today.

Dubber CEO Steve McGovern commented:

The newly released managed service offerings will enable BT to continue to demonstrate its innovation leadership. Multinational organisations can now depend on BT for the high-performing secure connections it is known for, but now also for delivering outstanding value from the content inside every conversation on BT services.

For Dubber it marks another milestone in our journey to Dub the world's leading networks, AI-enabling every endpoint, and creating high-value technology and distribution partnerships based on our Foundation model.

Quick take on Dubber

Dubber is a cloud call recording and data capture company that provides unified communication products to its clients. The company's technology enables voice calls to be analysed and turned into data for process improvement.

Data analytics and artificial intelligence play a crucial role in generating new business value, lowering costs, and improving customer experience. UCR allows recording and replay of any conversation, whether it be voice, video, or text. This helps businesses meet their compliance obligations and enhances employee training.

Dubber share price summary

Over the past 12 months, the Dubber share price has accelerated to post a gain of almost 90%.

Having reached a multi-year high of $4.33 in September, the company's shares nosedived over the following month. However, they have since moved in circles.

Based on the current share price, Dubber commands a market capitalisation of roughly $953 million.

The post Dubber (ASX:DUB) share price plunges 6% despite BT deal appeared first on The Motley Fool Australia.

The Dubber Corp Ltd (ASX: DUB) share price continued its unrelenting climb on Wednesday. Miraculously, the appetite for shares in the cloud-based call recording software company was large today, despite its quarterly report being handed out on Friday last week.

By the end of the session, more than 1.7 million shares had been traded in the company. The sustained positive sentiment saw the Dubber share price finish at $3.32, up 5.1%.

So, what was in the company's latest quarterly that has resulted in such an insatiable demand?

What made it a killer quarter for Dubber?

• Revenue increased 149% year on year to $8.1 million
• Subscribers nearly doubled to more than 450,000
• Annual recurring revenue (ARR) rose 140% year on year to $43.5 million
• Operating cash receipts skyrocketed 231% year on year to $9.1 million
• Completed the acquisition of AI meeting recorder and notetaker, Notiv
• Finished the quarter with $126 million cash on its balance sheet.

What it means for the Dubber share price?

Whichever way you slice it, this was a standout quarter for the unified call recording and voice intelligence solution provider. All of the typical software-as-a-service (SaaS) metrics indicated substantial growth, demonstrating growth at scale.

During the September quarter, Dubber witnessed organic SaaS subscription growth of more than 30,000. The total subscriber base grew by a far greater number but the company maintains a policy of not including foundation partner program subscribers in this metric.

Moreover, the total subscriber base surpassed 450,000 by the end of the quarter. Impressively, this represented an increase of 98% on the prior corresponding period. Likewise, important financial figures such as annualised recurring revenue and cash receipts also expanded by triple-digit values. This incredible growth bodes well for the Dubber share price.

Additionally, the company highlighted an increase in activity in the global unified communications markets. This was particularly noticed in financial services sectors where compliance requires call recording. As a result, these enterprises continue to utilise Cisco Webex and Microsoft, where Dubber's tools are embedded.

Comments from management

Chalking up another quarter of strong growth for the Australian tech company, management shared some key points with shareholders. In this case, Dubber CEO Steve McGovern stated:

We see an accelerating trend towards the importance of enhanced voice data capability beyond just that required for compliance purposes.

This trend is being observed by our service provider partners, allowing us to expand engagements with existing partners and attract new service providers through initiatives such as the Foundation Partner program.

On the back of this positive performance, the Dubber share price has gained 6.4%. This takes the company's year-to-date share price return to 89.7%.

The post Dubber (ASX:DUB) share price rally continues days after a quarter to remember appeared first on The Motley Fool Australia.

The Dubber Corp Ltd (ASX: DUB) share price is off to a strong start, up 3% in early morning trade.

Below, we take a look at the cloud platform service provider's acquisition announcement that looks to be driving this morning's action.

What acquisition did Dubber announce?

Dubber's share price is rising after the company reported it has acquired technology group Notiv.

Notiv, based in Brisbane, develops "cloud-native AI-based products" able to do transcripts of meetings, as well as provide summaries, signals and actions.

Dubber acquired Notiv from United States company Pinch Labs Inc for a total price of $6.6 million. The company will pay $5.15 million in cash once the deal is complete. The remaining $1.15 million will be paid via the issue of 386,277 Dubber shares at an issue price of $3.75.

According to the announcement, Notiv's key management and employees will stay on following the transaction. This includes the company's 2 co-founders, Chris Raethke and Iain McCowan.

Commenting on the acquisition, Dubber's CEO Steve McGovern said:

One of our fundamental beliefs is that artificial intelligence has a part to play as a standard feature of every call and conversation… With Notiv, Dubber will now have the ability to automatically take notes and create action items on every call. We are confident that our telecommunications carrier and service provider partners will see enormous potential for revenue-generating value-added services for their customers at scale…

The integration of the Notiv business is accretive for both parties in that Dubber can expose the fantastic capability of the Notiv offering to a global customer base and the Notiv team can develop a continuous stream of revenue-generating services for Dubber's addressable market.

Dubber share price snapshot

The Dubber share price has been a standout performer in 2021, up 150% year-to-date. That compares to a gain of 10% posted by the All Ordinaries Index (ASX: XAO).

Over the past month, Dubber shares have gained 16%.

The post Why the Dubber (ASX:DUB) share price is leaping higher today appeared first on The Motley Fool Australia.