Solid result (normalised EBIT of $5.15m) but great outlook statement.
"FY14 Revenue forecast to grow > 40%
Expect FY14 EBITDA margin to continue to grow"
That gives FY14 revenue of $42.2m @ (current) 20% margin = $8.5m
Current EV = $39m
So trading at 4.5x - looks way too cheap to me given growth profile.
EDIT: there is actually $5m of deferred consideration, so EV is actually $44m, so trading on 5x