Cash Systems, Inc., a provider of cash access solutions for the gaming industry, today announced first quarter 2007 financial results. First Quarter 2007 Financial Results Revenue for the first quarter was $25.5 million, an increase of 25%, compared to $20.5 million in the first quarter of 2006. The Company reported a loss from operations of ($268,021) in the first quarter of 2007 compared to loss from operations of ($1.5 million) in the prior year period. Net loss was ($1.4 million), or ($0.08) per diluted share, compared to net loss of ($1.2 million) or ($0.07) per diluted share, in the first quarter of 2006. Guidance The Company continues to expect revenue to increase approximately 20% from 2006 to between $115 million and $120 million in fiscal 2007. The Company’s long-term EBITDA margin target is 10% to 12%. Although the Company does not expect to achieve its long-term EBITDA margin target in 2007, the Company does expect EBITDA to be positive in every quarter of fiscal 2007 and the second half of the year should reflect new product introductions and their positive contribution to margins. About Cash Systems, Inc. Cash Systems, Inc., located in Las Vegas, with additional offices in San Diego and Burnsville, is a provider of cash-access and related services to the retail and gaming industries. Cash Systems’ products include its proprietary cash advance systems, ATMs and check cashing solutions. Please visit http://www.cashsystemsinc.com for more information.
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