JCURVE SOLUTIONS LTD — Earnings Release 2016

Jul 28, 2016

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29 July 2016

Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

MEDIA RELEASE – PRELIMINARY FY2016 RESULTS AND BUSINESS UPDATE

JCurve Solutions Limited (ASX : JCS) is pleased to provide its preliminary revenue, EBITDA and NPAT results for the year ending 30 June 2016 (FY16). The preliminary results outlined below incorporate the actual results for the month of June 2016 and are an update to the information outlined by JCS on the 22[nd] of June 2016.

MEASURE	FY16 OUTLOOK	FY16 PRELIMINARY RESULT(*)
Revenue	Range:$9.5m -$10.5m	$9.4m
EBITDA(excl. impairments)	Range:($0.2m to$0.5m)loss	($0.1m)loss
NPAT(excl. impairments)	Range:($0.2m)loss to$0.1mprofit	$0.2mprofit

(*) The preliminary results outlined above are still subject to year-end audit.

JCS can report that its deferred revenue account balance increased from $2.8 million as at 30 June 2015 to $3 million as at 30 June 2016. JCS expects to be able to recognize $3 million of this balance as revenue during the year ending 30 June 2017.

The concerted efforts by JCS management to improve debtor collection procedures in the June 2016 quarter has resulted in a reduction in the bad and doubtful debts provision and has improved the Companies debtor days. When combined with a record JCS sales month in June, the 30 June 2016 cash on hand balance increased to $2.4 million. The cash on hand balance reported excludes a term deposit held over the Company’s Chatswood office lease.

For and on behalf of the Board

Bruce Hatchman Chairman

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