STRATEGIC PARTNERS
August 9, 2001
PORTLAND, Ore. --TRM Corporation(Nasdaq:TRMM) reported a net loss of $379,000 or 11 cents per common share, in the second quarter ended June 30, 2001, compared to a net loss of $904,000, or 18 cents a common share, in the fourth quarter of 2000.
The company reported that revenue for the quarter increased to $20.4 million, up 5.6 percent from $19.3 million a year earlier. TRM said that revenue from its ATM business drove the increase and contributed $4.5 million of the total for the quarter, up 104 percent from $2.3 million from the same period last year.
TRM said it had 1,847 ATMs installed in the U.S. and UK as of June 30.
Copycenter revenue was $15.6 million for the quarter, and e-commerce revenue was $289,000.
The copycenter business recorded income before interest, taxes and minority interest of $2.5 million for the quarter, while the ATM business recorded a loss of $1.2 million. Combined, the two businesses generated income before interest, taxes and minority interest of $1.3 million versus a year-earlier loss of $320,000.
The company's e-commerce unit, iATMglobal.net, which is developing a Web-based distribution channel to deliver e-commerce goods and services through ATMs, recorded a loss of $1.1 million before interest, taxes and minority interest.
