Prophecy International Holdings Board, Management Expect Revenue Growth, Financial Performance to Be Impacted in Fiscal 2026

MT Newswires Live

2025/09/08

Prophecy International Holdings (ASX:PRO) said the board and management expect its revenue growth and financial performance to be impacted in fiscal year 2026, which will result in operational cash outflows persisting for longer, due to the firm observing higher churn and a softness in current sales activity for Snare, primarily in the US, according to a Monday Australian bourse filing.

It has undertaken a review of its business performance and outlook. It is implementing a strict focus on reducing the churn factor along with the promotion of the latest Snare releases, which is expected will allow for a return to improved sales conversion.

The board also determined that further operating cost efficiency measures are needed, principally in personnel, which it estimates will save the firm around AU$3.2 million per annum.

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