Prophecy International Reports Increased Revenue but Higher Losses for Half-Year 2024

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Prophecy International Reports Increased Revenue but Higher Losses for Half-Year 2024

An update from Prophecy International Holdings Ltd ( (AU:PRO) ) is now available.

Prophecy International Holdings Ltd reported a slight increase in revenue by 1% to $11.60 million for the half-year ended 31 December 2024, compared to the previous year. Despite this, the company experienced a 10% increase in losses after tax, amounting to $1.85 million. The company did not declare any dividends for the period, and its cash balance decreased slightly to $9.1 million. The net tangible assets per security also saw a significant decline, reflecting the company’s reliance on intangible assets.

More about Prophecy International Holdings Ltd

Prophecy International Holdings Ltd operates in the technology sector, focusing on developing and providing software solutions. The company primarily deals with intangible assets such as goodwill, right of use assets, and intellectual property.

YTD Price Performance: -15.09%

Average Trading Volume: 38,706

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$33.17M

See more insights into PRO stock on TipRanks’ Stock Analysis page.

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