Fledgling ATM Operator Has Third QuarterGain

Register now

PONTE VERDRA, Fla. - (11/17/04) -- Global Axcess Corp., operator of anewly owned fleet of ATMs, reported third quarter income of$152,000, or zero cents a share, up slightly from $147,000 for thesame period last year. Revenues rose 24% for the quarter to $3.2million. For the first three quarters of the year, the companyreported a 14% rise in revenues to $9 million, and $609,000 in netincome, or a penny a share. The company operates a fleet of 2,700ATMs which it makes available to credit unions and community banksthrough a co-branding program known as 'Branded Cash.'

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER