ECtel trims net loss by 64%

Fueled by strong revenues in the third quarter, ECtel has trimmed its net loss by 64% to only $700,000 in the July-September period.

 

Revenues from the third quarter reached $5.8 million, 16% higher than the quarter before, but still significantly lower than the $7.3 million posted in the same period last year. Gross margin for the third quarter expanded to 58% from 45% the previous quarter.

 

According to the company, healthy quarterly order intakes continue, and would most likely by further boosted by the planned rollout of new solutions and product developments.

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