U.S. Markets closed

FAB Universal updates quarterly kiosk growth

FAB Universal updated quarterly numbers for FAB's Intelligent Media Kiosk Business in China, reporting impressive growth of 109% in the quarter ending September 30th, versus the same period in 2011. The FAB Kiosk Network grew by 1,436 terminals during this time, versus 688 in the same period for 2011. With an installed base of 11,305 and growing, the network of Media Kiosks continues to rapidly expand. FAB Intelligent Media Kiosk Revenues for FY10 was $15.7M, in FY11 it was $17.6M and for the first half of fiscal 2012, $12.6M. Total overall revenues for FAB's fiscal 2011 were $70.9M with $15.3M in earnings. For the nine months ending June 30 for FY12, FAB generated $62.7M in revenue and $15.6M in earnings.