TRM Corporation (Pink Sheets: TRMM) today announced first quarter 2008 financial results.
The Company intends to file its Form 10-Q for such quarter today.
Richard Stern, President and CEO of TRM Corporation, stated "This will be the last quarter in which we announce our results without the impact of the Access to Money acquisition. We are pleased that our restructuring strategy and focus on operating efficiency has produced positive results. During this quarter we experienced a 5% year over year improvement in our gross margin and also produced $521,000 in EBITDA. In addition, we significantly reduced our operating loss from $7.7 million in the first quarter 2007 to $436,000 this quarter. We are confident that continued focus and diligence will capture additional operating efficiencies and further enhance our financial performance."
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