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ERT Reports First Quarter 2009 Results
Date:4/30/2009

(459) Accounts payable (984) 143 Accrued expenses (1,413) (3,436) Income taxes 63 (1,601) Deferred revenues (344) 384 Deferred rent (135) 107 Net cash provided by operating activities 7,596 9,067 Investing activities: Purchases of property and equipment (1,430) (1,613) Proceeds from sales of investments 455 - Payments for acquisition (3,673) - Net cash used in investing activities (4,648) (1,613) Financing activities: Repayment of capital lease obligations (751) (43) Proceeds from exercise of stock options 189 59 Stock option income tax benefit 103 38 Repurchase of common stock for treasury - (8,190) Net cash used in financing activities (459) (8,136) Effect of exchange rate changes on cash (3) (176) Net increase (decrease) in cash and cash equivalents 2,486 (858) Cash and cash equivalents, beginning of period 38,082 66,376 Cash and cash equivalents, end of period $40,568 $65,518


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SOURCE eResearchTechnology, Inc.
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