News blog
Netcall
- BY: Andrew Hore |
- POSTED: 19/03/2008 |
Delays in software sales have hit telephony technology company Netcall.
Software sales are predominantly for Queuebuster, which offers callers the chance to hang up and be called back when there is someone to answer their query. They fell from £1.1m to £779,000 in the six months to December 2007. Service revenues were flat and overall revenues fell from £2m to £1.69m.
Recurring revenues of £1.44m cover the general costs of the business but profits slumped from £375,000 to £133,000.
Netcall generated cash and the cash in the bank is £2.73m. Tax losses mean that the company won’t be paying tax for a while. This cash pile will help Netcall ride out any poor trading conditions in the short-term. It is hard to tell when demand will improve.
The shares fell 1.5p to 16p. That values the company at £10.6m.
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