It's been another remarkable day for Prophecy International Holdings Limited (ASX: PRO) which graced investors with yet another sales upgrade as its shares soared 9.7% higher.
The junior technology superstar's shares have returned 367% since the beginning of the year, heavily outpacing the benchmark ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) in that time, largely as a result of the success of its SNARE software system.
Just over a fortnight ago, the company said it expected to post a 41.5% lift in revenues for the 2015 financial year (on the back of 130% growth in total revenue from SNARE) with profit to come in at $4.1 million, representing growth of roughly 142% on the prior year.
In today's update, Prophecy showed that there is still plenty more gas in the tank as far as sales for the software go, with new sales hitting $2 million since July 1, 2015. This was also bolstered by a strong start to the financial year by the newly acquired eMite product set, which it said has performed as expected and is building its reputation with the larger end of the market.
Although some investors might be turned off by Prophecy's enormous growth over the last eight months, it could still be one well worth keeping an eye on. Indeed, its margins appear to be improving considerably (meaning that it gets to keep more money from every sale it makes), with the broader industry offering compelling economics.
On that note, it could also pay to keep an eye on other small-cap tech stocks which have run hard recently, including Senetas Corporation Limited (ASX: SEN) and Future Fibre Technologies Ltd (ASX: FFT), which are up 2.5% and 1.9% today, respectively.
