Access to Money Inc. (AEMI) Posts Significant Increase in EBITDA Fueled by New Initiatives and Programs
Access to Money Inc., a leading non-bank ATM operator, today posted a significant increase in adjusted EBITDA, select financial results, and other operational updates for the fourth quarter and full year ended Dec. 31, 2009. For the fourth quarter ended Dec. 31, 2009, net sales were $6.8 million compared with $6.8 million in the same quarter last year. The company reported transaction-based sales for the quarter at $19.8 million compared to $20.4 million in the 2008 fourth quarter. Operating income for the fourth quarter 2009 was $1.2 million, up from an operating loss of $19.5 million reported in the fourth…