Cardtronics non-bank owner of ATM has posted 1Q/10 revenues of $127.8 million. The 1Q/10 revenue reflected an 11% increase from the $115.3 million in
revenues generated the year ago period and is up from the 124.8 million seen last quarter. On A year-over-year basis, gross margins were up from 27% to 31%;
adjusted EBITDA was up 30% from $22.5 million to $29.3 million; and GAAP Net Income was up to $4.0 million from a $5.1 million GAAP Net Loss. Additional
findings show total cash withdrawal transactions increased by 6%; cash withdrawal transactions per ATM increased by 4%; total transactions per ATM increased
by 7%; and ATM operating gross profit per ATM increased by 25%. Increased revenues reflecting a 13% growth thanks to growth in core business operations,
including higher-margin domestic large-account ATM placement and international businesses.
Source: CardData (www.carddata.com)