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StatPro Revolution may turn into 'significant revenue stream - Edison Investment Research

Edison Investment Research reckons StatPro’s (LON:SOG) new Revolution platform has the potential to turn into a "significant revenue stream".

Earlier the company said it was investing a further £700,000 this year to accelerate the roll out of the software. The shares currently trade on 13.2 times full-year 2010 earnings, falling to 11.7 times next year.

"In our view these are potentially very modest ratings if the Revolution product can fully benefit from its first mover advantage,’ said Edison analyst Richard Jeans.

"As we have highlighted previously, a successful launch of StatPro Revolution could add substantial upside to our financial projections and valuation in the medium term," he added.