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JCURVE SOLUTIONS LTD — Earnings Release 2021
Jul 25, 2021
65158_rns_2021-07-25_c2154b42-39b6-4012-ba4f-62e1f862ba21.pdf
Earnings Release
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26 July 2021
Full Year Update – Return to Profitability
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----- Start of picture text ----- $10.6mEBITDA and $0.3m net $1.2m and $11.5m revenue territory with Expansion of sales Acquisition Creative of the operating cash flow $1.8m closing $5.1m cashprofit before Tax for income for sales first sales in the businessQuest positive for FY21 balance as at 30 JuneFY2021 Philippines 2021FY2021----- End of picture text -----
JCurve Solutions Limited (ASX: JCS), the cloud solutions technology company, today reported a pleasing FY2021 trading result with the release of its preliminary unaudited results for the year ending 30 June 2021 (FY2021).
Financial highlights
With digital transformation front of mind for all businesses, JCurve Solutions achieved a strong financial result for FY2021.
Sales, EBITDA and NPBT all moved positively against the results achieved in the comparative FY2020 period, with the focused reduction in operating costs assisting to improve the business’s underlying profitability.
The Company achieved a cash flow positive result for FY2021 with operating cash inflows of $1.8m, which compares favourably to the $0.3m generated in FY2020. The 30 June 2021 cash balance was $5.1m, an increase from the reported $4.2m as of 30 June 2020.
The revenue result reported below has been significantly influenced by the project status of the $1.7m contract won in November 2020. The project is ongoing as of 30 June 2021. Of the $1m of sales income included in the FY2021 result related to the contract, $0.8m is included in unearned income and will be released as revenue on completion of the implementation project in FY2022.
JCurve Solutions Limited ABN 63 088 257 729
jcurvesolutions.com Level 8, 9 Help Street, Chatswood, NSW 2067
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The preliminary unaudited FY2021 results are highlighted below.
| Measure | FY2021 Preliminary UnauditedResult | FY2020 Actual Result |
|---|---|---|
| Sales Income (*) | $11.5m | $11.3m |
| Revenue | $10.6m | $11.2m |
| Unearned Income (**) | $3.2m | $2.3m |
| EBITDA | $1.2m | $0.7m |
| NPBT | $0.3m | ($0.1m) |
(*) Not revenue as per the accounting standards and not reported in the statutory financial results.
(**) Recorded in the Statement of Financial Position
This announcement has been authorised for release by the Board of JCurve Solutions Limited.
About JCurve Solutions
JCurve Solutions is a trusted cloud technology solutions partner listed on the ASX (JCS). The team at JCS utilise the power of cloud technology to help customers make lasting, substantial improvements to their performance and to grow into great businesses. Learn more at www.jcurvesolutions.com.
JCurve Solutions Limited ABN 63 088 257 729
jcurvesolutions.com Level 8, 9 Help Street, Chatswood, NSW 2067