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Prophecy’s AI bet emerges from a $1 million cash squeeze

7:22pm on Wednesday 30th of September, 2026 AEST • Software and Technology
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Prophecy’s AI bet emerges from a $1 million cash squeeze

7:22pm on Wednesday 30th of September, 2026 AEST
Key Points
  • Revenue down 15% to $18.4 million
  • Statutory loss widens to $7.9 million
  • Cash balance falls 80% to $1.0 million
  • Restructure targets $9.5 million in annualised savings
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