Hypercom Corp. could show some progress toward a turnaround when it reports third-quarter earnings Thursday, in part as a result of the pending rollout of a new product line, according to Gil B. Luria, an analyst for Wedbush Morgan Securities.

Mr. Luria wrote in a research note published Monday that he expects "meaningful" guidance from the Phoenix terminal maker as it ramps ups shipments of its new Optimum T4200 machines this quarter.

For the second quarter, Hypercom reported a net loss from continuing operations of $5.7 million, or 11 cents a share, compared with a profit of $4.2 million, or 8 cents a share, a year earlier.

In recent months it has reorganized its global sales and marketing team and outsourced its manufacturing.

"We believe the success of this product line is key to Hypercom's prospects, since it represents a key element for increasing gross margins," Mr. Luria wrote.

He also wrote that most of the sales for the terminals so far have been abroad, and that they have yet to gain a foothold in the United States; sales here could ramp up next quarter.