The Prophecy International Holdings Limited (ASX: PRO) share price is up 17% to 45 cents today, but still down around 75% since 2015 after the enterprise software supplier failed to meet investors’ great expectations.
The stock is up today on news that sales of its Snare software increased 67% over the first quarter of fiscal 2020 compared to the prior corresponding quarter (pcq). Sales for the quarter totalled $1.76 million versus $1.05 million in the pcq. The company flagged large sales to the likes of Gemalto, the Department of Employment, Skills, Small and Family Business (Aust) and QBE Insurance Group Ltd (ASX: QBE) in helping drive the strong quarter.
In addition to Snare software, Prophecy also sell its eMite enterprise-facing software-as-a-service platform for customer experience, contact centre & IT operations environments.
For the financial year ending June 30 2019, Prophecy reported a net loss of $1.45 million on sales from continuing operations of $12.1 million.
5 stocks under $5
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
- On a serendipitous day, Tom Richardson is leaving the building – December 17, 2019 11:55am
- Why Aerometrex shares have doubled their IPO price – December 16, 2019 4:32pm
- Why the National Veterinary Care share price is going nuts today – December 16, 2019 3:39pm