JCurve Solutions (ASX: JCS) has just released its Annual Report, outlining results for the 2017 financial year. See the annual report and other documents released to the market on the JCS ASX Announcements page.Key highlights include:
- +7% growth in revenue
- +36% revenue growth for ERP sales
- Early adoption of AASB 15
- $0.6m Net Profit before Tax in FY2017
- $1.1m cash flow positive ($3.5m cash balance)
JCurve Solutions’ 7% organic revenue growth has seen the company generate $10.4M in revenue in the 2017 financial year. Revenue growth of ERP sales was particularly strong at 36%. It’s a fantastic result and fitting for a business focused on both its own continued growth and empowering the growth and business performance of its customers.
JCurve Solutions achieved strong statutory profit results with $0.6m Net Profit Before Tax, $0.5m Net Profit After Tax and $0.6m EBITDA for FY2017. The company has demonstrated solid financial foundations, being $1.1m cash flow positive in FY2017 with a closing June 2017 cash position of $3.5m, whilst also remaining debt-free.
CFO, James Aulsebrook, explains, “Early adoption of AASB 15 (two years early) allows JCurve Solutions to more accurately disclose its underlying business performance and financial position.”
The positive results follow an ongoing buzz of industry award nominations and wins for JCurve Solutions including the NSW Business Chamber Awards, Australian HR Awards, ARN ICT Industry Awards, Australian Business Awards Employer of Choice and Product Excellence Awards, and most recently, CEO Magazine’s Executive of the Year awards.
The Employer of Choice awards win reflects JCurve Solutions’ ongoing commitment to its strong company culture. JCS provides an environment for employees that empowers clear, decisive action, a cooperative attitude and celebration of success.