There are some positive and negative aspects to these results. The strong positive is the strong Annualised Recurring Revenue (ARR) from emite. This is now $4.33 million.
many SaaS companies are valued at multiples of their ARR. Given the recent strength in the IT market it would not be unreasonable to value emite at 6 times ARR which is 6 x 4.33 million = approx 26 million (approx 45 cents per share).
This and the strong cash position will be beneficial for prophecy in the medium term.
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