For the quarter ended 31 December 2011, its revenues increased 9% to $76.8m compared to $70.2m during the same period a year ago.
Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 48% in the latest quarter to $23.2m versus $15.7m during the corresponding quarter of 2010.
NetSpend CEO Dan Henry said the firm focused on growing and diversifying its business throughout the year, although it has delivered another solid quarter and the firm has set the stage for continued growth in 2012 and beyond with new business development.
The company’s prospect during the fiscal year 2012 is optimistic, as it expects to get the revenues between $338m and $347m, while its adjusted EBITDA may fall between $90m and $94m.
