PRO 1.10% 91.5¢ prophecy international holdings limited

I agree StockingI cant believe how reluctant the SP is to match...

  1. 2,571 Posts.
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    I agree Stocking

    I cant believe how reluctant the SP is to match the news and the by the day - obvious upside potential of Pro

    Look at the new client names (puitting aside) the already impressive current client lis

    Highlights:

    • Contracted ARR +20% year-on-year (YoY) to $27.6M (including the $1.6M of ARR via
    Devo)
    • Invoicing up +13% YoY to $20.2M for the first nine months of FY24
    • Positive cash flow expected in FY24
    • High-profile recent customer wins across the business, including:
    o emite: Canadian airline Transat, the City of San Diego and Airbnb (upsell)
    o Snare: Kuwait Oil Company and Occidental Petroleum (upsell)
    New North American distribution partnerships signed with Voxai Solutions for emite and
    Tabula Rosa Systems for Snare

    • Strong early progress and positive outlook for strategic partnership with Devo
    Technology, expecting to add $1.6M of new contracted ARR by mid CY24. Successful
    migration of all of Devo’s existing customers to Snare would result in a potential increase
    in contracted ARR of more than $5M

    • 40 customers currently in deployment/migration with Devo representing $1.6M in ARR
    • Devo active deployments include Helzberg Diamonds, Navig8 Asia Pte Ltd, Dept of
    Communities & Justice NSW
    • Net cash of $11.3M (up $1.4M since 31 Dec 2023) as at 31 Mar 2024 and $12.7M as at
    19th April 2024 with zero debt
 
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