I agree with "stocking" Prophecy is certainly a takeover opportunity at these prices.
Market cap is $45 million but Prophecy has $11 million in cash - effectively leaving $34 million for the non-cash assets. Annualised Recurring Revenue (ARR) at the end of June was $25 million. That effectively values the company at 1.6 times ARR. That is very low for a SaaS company that grew ARR by 25% in FY 2023 and has a robust pipeline.
I disagree with the sentiments by some of the other earlier comments here. I feel the market has punished Prophecy due to its cash burn of approx $1 million in 2023. However, as Brad alluded to spending will be curtailed this year and he hopes to be cashflow positive in the half and full year.
Do your own research but I would not be surprised if a shark company takes this over at this very low price.
I agree with "stocking" Prophecy is certainly a takeover...
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| 1 | 29896 | 88.5¢ |
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| 89.5¢ | 19870 | 2 |
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| Last trade - 16.12pm 28/05/2024 (20 minute delay) ? |
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| 89.5¢ | 89.5¢ | 89.5¢ | 53 | ||
| Last updated 12.15pm 28/05/2024 ? | |||||
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