Elephant Talk (ETAK) Reports Q2 Loss of $0.02/Share

Elephant Talk (NYSE: ETAK) reported Q2 EPS of ($0.02), versus $0.06 reported last year. Revenue for the quarter came in at $3.3 million, versus $19.2 million reported last year.

• Total headcount as of June 30, 2016 was 154 compared with 253 as of December 31, of 2015, and 264 as of June 30, 2015.
• At the end of the second quarter 2016, revenue per-employee-was approximately $87 thousand, up from approximately $47 thousand at the end of the fourth quarter 2015, primarily due to the reduction in headcount.
• Workforce reduction expenses, primarily related to employee severances and asset write-offs totaled $0.2 million for the second quarter of 2016. For the period from November 30, 2015 to June 30, 2016, total workforce reduction expenses totaled $2.1 million.

For earnings history and earnings-related data on Elephant Talk (ETAK) click here.

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