Headbubba,From the balance sheet at first glance, I think you'll...

Headbubba,
From the balance sheet at first glance, I think you'll find the liabilities have decreased as well to explain the difference. Also the headline profit is just a little misleading since some of it is a tax benefit.
Profit before tax is more indicative - 2.3m last year, 1.3m this year. A tough year.
At least they have taken out a chunk of expenses for next year (650k from India)

For mine, they need to change their revenue ratio, they seem to depend too much on initial sales and consultancy - I'd prefer that they move to a charging model based on a greater portion of their revenue in ongoing maintenance fees. Would give them more reliability, and their clients would be happy with the going concern improvements, which would seem to cost them sales to large IB's and exchanges compared to their competitors. Most IB's and exchanges want sustainable suppliers. A company with lumpy earnings like this is risky.