The Prophecy International Holdings Limited (ASX: PRO) share price is up 17% to 41 cents today after the software business revealed it expects EBITDA of $67,000 on revenue of $6.12 million for the half-year period ending December 31 2018.
According to the company this represents growth of 4% on the prior corresponding period as sales of its two core software products of Snare and eMite steadily improve.
In particular the group's CEO flagged a large enterprise sale of eMite to an Asian bank worth more than $600,000 that made a "significant contribution to revenue and profit" over the first half of FY 2018 and makes the first-half FY 2019 comparison harder.
Despite today's share price rise the stock is still down around 50% over the past year to give the company a market value around $17 million today according to Commsec. Other junior software businesses to watch on a bigger scale include Bravura Solutions Ltd (ASX: BVS) and Bigtincan Holdings Ltd (ASX: BTH).
