@Strawman given comments on the Baby Giants pod about not knowing PRO well, may be an idea to see if Brad wants to come and present? Happy to intro and sell the good oil about this online private investment club.
Penned a blog on PRO:
https://www.merewethercapital.com.au/blog/are-profits-foretold-in-this-prophecy/
Not a perfect business but a better one than the share price implies.
"Solid" write-up...that's a backhanded compliment if I ever heard one.
Luke, I thought it was excellent. I'm not saying Andrew was underwhelmed but....
@Noddy74 You could not have summed up my reaction better!
"First half highlights for Prophecy were released today and they were ok-ish, provided you stood back from the screen, squinted really hard and didn't compare them too closely to your modelled results."
You are right cash is the big concern, there is a 1H/2H split given they have annual invoices for the large eMite customers in the 2H but burning $3m is much more than I expected. I would think there are probably some one-offs in there (in-housing the Philippines dev team, larger than normal FY22 STI cash bonuses) but still it was a shock.
ARR growth remains solid, other metrics still messy from the Snare transition from licensing to subscription.