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TRM reports dropped sales, improved margin losses
May 22, 2008
Portland Business Journal:TRM Corp., for the quarter ending March 31, reported last week that its sales dropped $4.9 million when compared with the same quarter in 2007. Sales for 1Q 2008 came in at $18.1 million, compared with Q1 '07 sales of $23 million. But net losses showed improvement, reflecting only a $436,000 loss in 1Q '08 compared to a $2.2 million loss in 1Q '07.
"This will be the last quarter in which we announce our results without the impact of the Access to Money acquisition," said Richard Stern, TRM's president and chief executive. "We are pleased with our restructuring strategy."
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