Home | Business News | Browse by Publication | P | PR Newswire

Global Axcess Corp Announces Fourth Quarter 2006 Financial Results.

Publication: PR Newswire
Publication Date: 29-MAR-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
- Generated $14,000 of Net Income - - SG&A expenses significantly reduced from Q3 of 2006 and Q4 of 2005 -

PONTE VEDRA BEACH, Fla., March 29 /PRNewswire-FirstCall/ -- Global Axcess Corp, (The "Company") an independent provider of ATM solutions, today announced the financial results for the fourth quarter ended December 31, 2006.

The Company reported revenues from continuing operations of $5.2 million for the fourth quarter ended December 31, 2006, up 4.5% from the $5.0 million in reported revenues for the same period of 2005.

The Company achieved gross profit from continuing operations of $2.0 million or 39% of revenue for the three-month period ended December 31, 2006. This compared to $2.0 million or 41% of revenue for the same period of 2005. Gross profit from continuing operations for the three-month period ended December 31, 2006 included an adjustment pertaining to unrecorded costs from the first quarter of 2006.

SG&A expenses from continuing operations decreased to $1.3 million for the fourth quarter 2006 from $1.7 million for the same period in 2005 and from $2.4 million from the...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from PR Newswire
Lilly Sets Date and Conference Call for First Quarter 2007 Financial R..., March 29, 2007
APC-MGE Establishes APC-MGE Financial Services to Increase Affordabili..., March 29, 2007
Sealy Corporation Announces First Quarter 2007 Earnings Release Date a..., March 29, 2007
Music Lovers Rejoice: MOG Comes Out of Beta, Launches Personalized Gat..., March 29, 2007
PGP Corporation Extends Cross-Platform Support for Enterprise Data Pro..., March 29, 2007

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.