Stargroup is getting some positive results from its program of consolidation in the ATM market, with strong growth in revenue and positive cashflow.Stargroup emerged in 2015 when it merged with the ATM supplier and fleet operator iCash Payments, taking over its listing on the Australian Securities Exchange.Later that year Stargroup acquired another ATM operator, Cash Plus Australia, and in June this year it acquired CashmyATM.Through these mergers and acquisitions Stargroup has built a fleet of about 350 ATMs processing around 2.4 million transactions a year. Average transaction volume over the 12 months to June was 635 transactions per month.And late last year a Stargroup subsidiary StarPOS entered into an agreement with First Class Capital to offer a merchant finance package that includes a cash advance and a point of sale terminal.Stargroup reported revenue of A$3.7 million for the year to June - up from $590,000 in 2014/15. Net cash flow from operating activities was $1.2 million.The company made a pre-tax loss of $3.6 million but after drawing on an income tax benefit of $2.2 million and booking a couple of accounting gains (a discount on acquisition and a revaluation increment) it reported a net profit of $767,800.A setback for the company was that its POS terminal sales have not gone to plan due to delays in software development. The company said it remained committed to this part of its business and was looking for alternatives to finalise software development.