The news: Embattled voice recording tech company Dubber looks to be at risk of insolvency as auditors flagged ‘material uncertainty’ in its full-year results and issued a correction to previous years’ accounts.
The numbers: Dubber acknowledged that $26.6 million of company money is still missing with the business alleging former CEO Steve McGovern and third party trustee Christopher William Legal may have been involved.
The investigation prompted a review of previous financial accounts, leading the company to conclude that there had been a “cumulative understatement of operating losses of $4,607,142” over 2022 and previous financial years .
A further $3.4 million was said to be understated in Dubber’s 2023 accounts.
It places Dubber in a…
