UEC results just out for the quarter, with turnover of $17.0m (slightly above my >$16.0m estimate). It appears that the Lucent settlement figures were brought to account during q2. This means that q1 recurrent revenue was $8.0m, rising to $10.0m in q2.
Its a slow effort though with cash on hand still minimal, and loan facilities having been drawn down to the extent of $28.7m.
