Jacada (JCDA), a global provider of unified service desktop and process optimization solutions that simplify and automate customer service processes by bridging disconnected systems into a single, "intelligent" WorkSpace, has announced the completion of the most profitable quarter in company history. Total revenues increased 23.6% to $6.4 million from 2006 and Non-GAAP net income for the first quarter of 2007 was $752,000, or $0.04 per diluted share.
While revenue was helped by legacy products, Gideon Hollander, CEO, commented:
We anticipate that an increasing proportion of revenue from our new products will lead our next phase of growth, as we drive market awareness for our innovative call center desktop solutions.
As opposed to the legacy products, the new products generate much more recurring revenue, thus allowing for continued and sustained growth. Most importantly, the company raised its revenue guidance for the rest of 2007, pointing to a growing backlog, and clearer visibility in the sales pipeline.
With a market cap under $75 million, and almost $36 million in cash, Jacada is still flying under Wall Street’s radar, but with a succession of newly signed contracts with the likes of Avaya, ING Canada, the stock seems well positioned to move. We have seen this scenario play out with numerous other small Israeli companies that keep quietly growing their business, turning profitable, gaining some PR traction and then flying. Just look at Silicom (NASDAQ:SILC), Pointer Telocation (NASDAQ:PNTR) to name a few. With a small float to boot, keep an eye on JCDA.
JCDA 1-yr chart