Company has a long history of being a reliable and trusted operator of ATMs and recently branched into Bitcoin/Crypto ATMs/Kiosks. Its current business is a combination of traditional ATMs and BTMs – the Company also provides sales and service of such to approved third parties. With a lean operational footprint, the Company is compliant with Federal and State-specific rules and regulations and is currently transacting in a couple states with plans to expand operations to additional states. Opportunities to scale include increasing advertising spend to acquire more customers, providing additional value-added B2B/B2C Online/Web-based offering and growing existing offline ATM/BTM operations in new geographic regions/states.
Financials
Company has continued implementing its margin improvement strategies while managing topline revenue growth.
Management
Key management is willing to remain post-Closing for up to two years in addition to retaining a minority stake.