Australia's JCurve Solutions rises on strong FY22 guidance

JCurve Solutions

18/05/2022 05:47

** Shares of tech co JCurve Solutions  JCS.AX  climb as much
as 15% to A$0.069, mark their biggest intraday pct gain since
Jan. 20
    ** Co says on track to achieve "substantial growth" this
year and forecasts FY22 revenue to be in a range of A$14.5 mln
to A$15.5 mln ($10.14 mln-$10.84 mln), compared with A$10.6 mln
recorded in FY21  urn:newsml:reuters.com:*:nASX9kCxl2
    ** Sees FY22 EBITDA between A$1.9 mln and A$2.3 mln,
compared with A$1.2 mln last year
    ** Says progressing intellectual property-based M&A
opportunities remains management's priority
    ** Shares hit their highest since March 22
    ** As of last close, stock up 1.7% this year

($1 = 1.4294 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))