Another very strong announcement. $10.7 million over six year equates to approx $1.8 million per year or a 10% boost to the current emite ARR of $17 million. Additionally, over $2 million in the first year will help Prophecy stay cashflow positive and hopefully make it EBITDA positive.
I thought all the growth was going to come from the other branch ofProphecy - snare. However, it is a big bonus that emite is tracking well. The last six months has seen a dramatic re-rating of the large cap tech stocks such as Amazon. Surely this must re-rating must filter down to promising smaller cap tech stocks, such as prophecy, in the next six months.
Ann: Prophecy signs Federal Government customer with Optus, page-2
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