IMGCAP(1)]
ATM independent sales organization Cardtronics Inc. this morning reported a $3.4 million net loss for the second quarter ended June 30, smaller than the $5.6 million net loss a year earlier. Cardtronics executives attributed the most-recent net loss to $7 million in depreciation, accretion and amortization resulting from the June 2007 acquisition of 7-Eleven Inc.'s ATMs and to an increased number of ATMs deployed in the United States, the United Kingdom and Mexico. The company recorded $126.9 million in revenue for the quarter, up 64% compared with $77.2 million for the same period last year. Jack Antonini, Cardtronics CEO, told analysts during a conference call that the revenue growth partly was caused by the acquisition of 7-Eleven's ATMs. Cardtronics owns 5,697 Financial Services Business ATMs, which are located in 7-Eleven convenience stores. Financial Services ATMs include Vcoms, or multifunctional ATMs, Cardtronics deploys in 12 to 15 major markets. The Vcoms accept deposits, offer bill payment and issue money orders. Houston-based Cardtronics, already the world's largest ISO based on ATMs owned and managed, plans to expand its operations into Europe, the Middle East, Africa and the Asia-Pacific region, Antonini said.
