Record Half Year Revenue

The Prophecy accounts for the Half year ending 31/12/15 have been completed and once again show record results for the half.

These accounts are yet to be fully audited and the final audited half year report will be released later in February.

The completed management accounts show that revenue for the half grew to $8.0 million, a new record result. This represents a growth of 81% compared to the same period last year which also was a record.

New sales invoicing for the SNARE product set was up 120% on the same period last year and this has contributed to the record revenue number. eMite new licence sales for the period grew 45%.

Profit from ordinary activities before income tax and depreciation/amortisation and acquisition costs has come in at $3.1 million, another record result for the half. This is up 55% from the same period last year and is a most pleasing result.

Cash at the end of December 2015 was $5.15 million.

The board will declare a dividend of 2 cents per share payable in April 2016.

Our plan is to continue the aggressive sales growth of the SNARE business along with the eMite business and we expect to see a very good full year result both in revenue and profit from our continued combined sales push.