An 'in-line' update from AIM-listed build-and-buy contact management company Netcall, points to further progress since its last update in October (see here). After ‘securing a good level of orders’ from new and existing customers, Netcall’s cash position reached £7.2m at 31 December, up 22% since the year end on 30 June, and up from £6.9m in October, which it said was down to ‘strong operational cash flows’.
It is too early to tell whether this improvement is in fact down more to growth in new business, or a tight control on the cost base. We suspect a bit of both. As we have said previously, Netcall’s challenge is to bring together a set of disparate applications into an integrated suite of contact management software (see here). Not an easy task, nor an inexpensive one. We look forward to getting a clearer picture at the half year on 27 February.