- Report of Foreign Issuer (6-K)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM 6-K

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REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Section 13a-16 or 15d-16 of the Securities and Exchange Act of 1934

For the month of March, 2012

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JACADA LTD.
(Translation of registrant's name into English)

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11 Shenkar Street
Herzliya, 46725 Israel
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F     X      Form 40-F  ___

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes  ____  No     X  

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes  ____  No    X    

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes  ____  No    X  

If "Yes" is marked, indicate below the file number assigned to the Registrant in connection with Rule 12g3-2(b):  82- _N/A_

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CONTENTS

This Report on Form 6-K of Jacada consists of the following documents, which are attached hereto and incorporated by reference herein:

Press Release, released publicly on March 1, 2012: Jacada Reports Fourth Quarter and Annual 2011 Results

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 6-K to be signed on its behalf by the undersigned, thereunto duly authorized.

		JACADA LTD.
		By:		/s/   CAROLINE CRONIN
		Name:		Caroline Cronin
		Title:		Chief Financial Officer
Dated:	March 1, 2012

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Jacada Reports Fourth Quarter and Annual 2011 Results

ATLANTA--(BUSINESS WIRE)--March 1, 2012--Jacada Ltd. (Nasdaq: JCDA), a leading provider of customer experience management and process optimization solutions, today reported financial results for the fourth quarter and year ended December 31, 2011.

Fourth Quarter Highlights

• Released a new version of our leading product, Jacada Workspace version 6.0, which includes an innovative, new User Interface, Dynamic Views.
• Executed an agreement with a new customer in the healthcare industry for the purchase of Jacada’s Workspace suite of products.
• Fourth quarter revenues were $2.7 million with a net loss of $2.0 million
• Annual revenues were $12.4 million with a net loss of $6.6 million
• Cash and Cash Equivalents at the end of 2011 were $14.1 million compared to $18.5 million at the end of 2010. As result of better expense control and selective, targeted investment in areas such as sales and marketing and research and development, the company has decreased its use of cash in operating activities.

“Today’s call centers need to reflect new marketing promotions, product discounts, and support information on the agent desktop in near real-time,” said Gideon Hollander, co-chief executive officer of Jacada. “Jacada WorkSpace 6.0, with Dynamic Views represents a significant advancement for our customer experience optimization solution. Now call center leaders can use this highly innovative user interface (UI) delivery model own and control UI delivery, define call flow processes, and handle UI changes with ease, delivering the optimal agent desktop experience.”

“Total revenues remained consistent between the fourth quarter of 2011 and 2010 at $2.7 million,” commented Caroline Cronin, Chief Financial Officer. “However, with the reduction of operating expenses year over year, we decreased our net loss to $2.0 million in the fourth quarter of 2011 from $2.5 million in the fourth quarter of 2010, excluding the $3.1 million goodwill impairment charge. In addition, while revenues were down for the full year 2011 as compared to 2010, again, as a result of continued cost savings, we were able to reduce our net loss to $6.6 million in 2011 from $7.3 million in 2010, excluding the $3.1 million goodwill impairment charge and $200,000 restructuring charge.”

Financial Results

For the fourth quarter of 2011, total revenues were $2.7 million compared to $2.7 million in the fourth quarter of 2010. Software revenues for the 2011 fourth quarter were $21,000 compared to $50,000 during the 2010 fourth quarter. Services revenues were $2.0 million in both the fourth quarter of 2011 and 2010. Maintenance revenues improved to $745,000 in the fourth quarter of 2011 from $621,000 in the 2010 fourth quarter.

Gross margins were 34% and 14% of total revenues during the 2011 and 2010 fourth quarters, respectively. Services margins in the fourth quarter of 2010 were impacted by a single account which required significant additional resources to complete the implementation. Fourth quarter 2011 operating expenses were $2.8 million compared to $5.9 million in the fourth quarter of 2010, which included a $3.1 million goodwill impairment charge.

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The 2011 fourth quarter net loss was $2.0 million or ($0.47) per share compared to a net loss of $5.6 million or ($1.34) per share in the fourth quarter of 2010.

For the twelve month periods ending on December 31, 2011 and 2010, respectively, total revenues were $12.4 million and $17.2 million and gross profits were $4.0 million or 32% of total revenues and $5.9 million or 34% of total revenues. During the twelve month period ending December 31, 2011, we incurred a net loss of $6.6 million or ($1.59) per share and, in the comparable 2010 period, we posted a net loss of $10.6 million or ($2.55) per share.

At the end of the 2011 fourth quarter, cash and investments were $14.1 million, compared to $14.7 million at the end of the 2011 third quarter and $18.5 million at December 31, 2010.

About Jacada

Jacada provides solutions that optimize and improve the effectiveness of customer interactions. Jacada unified desktop and process optimization solutions help companies reduce the cost of their operations, drive customer satisfaction and provide a complete return on investment in as little as 12 months after deployment.

Founded in 1990, Jacada operates globally with offices in Atlanta, USA; Herzliya, Israel; London, England; Munich, Germany; and Stockholm, Sweden. More information is available at www.jacada.com .

This news release may contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the performance and continued acceptance of our products, general economic conditions and other Risk Factors specifically identified in our reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made. Jacada is a trademark of Jacada Inc. All other brands or product names are trademarks of their respective owners.

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JACADA LTD. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars in thousands, except per share data
		Three months ended December 31,		Year ended December 31,
			2011				2010				2011				2010
		Unaudited
Revenues:
Software licenses		$	21			$	50			$	1,123			$	1,635
Services			1,963				2,033				8,448				13,043
Maintenance			745				621				2,815				2,477
Total revenues			2,729				2,704				12,386				17,155
Cost of revenues:
Software licenses			9				152				93				349
Services			1,619				1,981				7,525				10,115
Maintenance			183				196				758				778
Total cost of revenues			1,811				2,329				8,376				11,242
Gross profit			918				375				4,010				5,913
Operating expenses:
Research and development			787				732				2,910				3,478
Sales and marketing			1,096				852				3,556				4,993
General and administrative			943				1,210				4,068				4,789
Goodwill Impairment			-				3,096				-				3,096
Restructuring			-				-				-				196
Total operating expenses			2,826				5,890				10,534				16,552
Operating loss			(1,908	)			(5,515	)			(6,524	)			(10,639	)
Financial income (loss), net			(19	)			(28	)			(12	)			79
Loss before taxes			(1,927	)			(5,543	)			(6,536	)			(10,560	)
Taxes			(43	)			(38	)			(62	)			(49	)
Net loss		$	(1,970	)		$	(5,581	)		$	(6,598	)		$	(10,609	)
Basic and diluted net loss per share		$	(0.47	)		$	(1.34	)		$	(1.59	)		$	(2.55	)
Weighted average number of shares used in computing basic and diluted net loss per share			4,159,133				4,159,133				4,159,133				4,158,227

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CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
		December 31,
			2011				2010
		Unaudited
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	2,944			$	5,945
Marketable securities			4,592				1,240
Trade receivables			2,299				4,081
Restricted cash			487				493
Other current assets			810				1,079
Total current assets			11,132				12,838
LONG-TERM INVESTMENTS:
Marketable securities			6,084				10,809
Severance pay fund			196				186
Total long-term investments			6,280				10,995
PROPERTY AND EQUIPMENT, NET			633				856
Total assets		$	18,045			$	24,689
LIABILITIES AND SHAREHOLDERS EQUITY
CURRENT LIABILITIES:
Trade payables		$	1,607			$	1,566
Deferred revenues			738				1,076
Accrued expenses and other liabilities			1,252				1,478
Total current liabilities			3,597				4,120
LONG-TERM LIABILITIES:
Accrued severance pay			400				366
Other liabilities			-				44
Total long-term liabilities			400				410
SHAREHOLDERS' EQUITY:
Share capital			60				60
Additional paid-in capital			75,862				75,829
Treasury shares			(17,863	)			(17,863	)
Accumulated other comprehensive income			941				487
Accumulated deficit			(44,952	)			(38,354	)
Total shareholders' equity			14,048				20,159
Total liabilities		$	18,045			$	24,689

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CONSOLIDATED CASH FLOWS
U.S. dollars in thousands
		Three months ended December 31,		Year ended December 31,
			2011				2010				2011				2010
		Unaudited
Cash flows from operating activities:
Net loss		$	(1,970	)		$	(5,581	)		$	(6,598	)		$	(10,609	)
Adjustments required to reconcile net loss to net cash
used in operating activities:
Depreciation and amortization			91				123				394				497
Goodwill impairment			-				3,096				-				3,096
Stock-based compensation related to options granted
to employees, non-employees and directors			(111	)			(57	)			33				332
Accrued interest and amortization of premium on
marketable securities			(2	)			21				4				149
Loss on marketable securities, net			131				79				335				70
Decrease (increase) in accrued severance pay, net			16				(22	)			24				(39	)
Decrease in trade receivables, net			167				784				1,799				868
Decrease in other current assets			126				358				227				840
Increase (decrease) in trade payables			98				217				82				(109	)
Increase (decrease) in deferred revenues			(237	)			12				(290	)			388
Increase (decrease) in accrued expenses and other
liabilities			23				(592	)			(385	)			(439	)
Decrease in other long-term liabilities			(2	)			(20	)			(44	)			(79	)
Other			(1	)			-				13				54
Net cash used in operating activities			(1,671	)			(1,582	)			(4,406	)			(4,981	)
Cash flows from investing activities:
Investment in available-for-sale marketable securities			-				-				-				(10,992	)
Proceeds from sale and redemption of available-for-sale
marketable securities			391				-				1,601				9,711
Proceeds from sale of property and equipment			-				-				-				10
Purchase of property and equipment			(51	)			(68	)			(170	)			(424	)
Decrease (increase) in restricted cash			2				(77	)			6				64
Net cash provided by (used in) investing activities			342				(145	)			1,437				(1,631	)
Cash from financing activities:
Proceeds from exercise of stock options			-				-				-				75
Net cash provided by financing activities			-				-				-				75
Effect of exchange rate changes on cash			(47	)			(84	)			(32	)			(142	)
Decrease in cash and cash equivalents			(1,376	)			(1,811	)			(3,001	)			(6,679	)
Cash and cash equivalents at the beginning of the
quarter/year			4,320				7,756				5,945				12,624
Cash and cash equivalents at the end of the period		$	2,944			$	5,945			$	2,944			$	5,945

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Supplemental Information: Cash and Investments
U.S. dollars in thousands
			Year ended December 31,
				2011			2010
	Unaudited
Cash and cash equivalents			$	2,944		$	5,945
Marketable securities				10,676			12,049
Restricted cash				487			493
Total cash and investments including restricted cash			$	14,107		$	18,487

CONTACT:
Jacada
Caroline Cronin, 770-776-2204
Chief Financial Officer
[e-mail]