from annual report on 23rd august jcs has $2.4 million in bank...

from annual report on 23rd august

jcs has $2.4 million in bank and grew cash position last year from $2 million to $2.4 million. it is cash flow positive on the bottom line. recurring revenue is growing strongly and 2017 forecast profit is about 500k.

EV of business is $3.5 million.That is a joke and hugely undervalues JCS's highly profitable and growing business which will do about 10 million in revenue this year.

JCS has to be a takeover target with all that cash and miniscule market cap. One decent contract win with news and market cap could double or triple in a flash. Best buy of any minnow on asx IMO.

frosty

We are pleased to report that the EBITDA (before impairment and after income tax credit) result for the year is a $0.2 million profit which is above the NPAT (excluding impairment) guidance range of a $0.2 million loss to $0.1 million profit.

The EBITDA (excluding impairment) result for the year was a loss of $0.1 million which is also above the guidance range of a $0.2 million loss to $0.5 million loss.

Furthermore, the Group’s June 2016 cash position increased by $0.4 million over the past 12 months to $2.4 million which places JCurve Solutions Limited in a very strong position for the start of the new financial year.


Yours faithfully
Bruce Hatchman Chairman