Israeli RA vendors ECtel bounced back from a poor Q1, this week reporting much better figures for Q2. Revenues for Q2 were US$5.7m, up from US$3.4m last quarter, but down on the US$6.7m generated in Q2 of 2008. Gross margin was good, at 60%. Costs were cut, and there were three contracts from new customers in addition to a reported 20+ orders from existing customers. However, ECtel continued to burn cash, reducing their cash pile by another US$0.5m over the quarter, though this still leaves them with US$14.3m in reserve. At that burn rate, they can cope for another 28 months. Once again, ECtel stated their intention of achieving breakeven in the second half of the year.
Better Q2 for ECtel
