USA Technologies, Inc.(USAT)- NASDAQ
  • Thu, May 12, 6:34 AM
    • USA Technologies (NASDAQ:USAT): FQ3 EPS of -$0.01 misses by $0.02.
    • Revenue of $20.36M (+32.6% Y/Y) beats by $2.17M.
    • Press Release
    | Thu, May 12, 6:34 AM
  • Fri, Feb. 12, 3:01 PM
    • USA Technologies (USAT +13%) is near a 52-week high of $3.71 after posting an FQ2 beat. The mobile payments/telemetry services firm is once more reiterating FY16 (ends June '16) guidance for revenue of $69M-$71M and 75K+ net new connection adds; the FY16 revenue consensus is at $71.5M.
    • Metrics: 20K net new connections were added in FQ2 vs. 16K in FQ1 and 12K a year ago, bringing the total base to 369K. 350 new customers were added vs. 675 in FQ1 and 550 a year ago, increasing the base to 10,625. Transaction volume rose 9% Q/Q and 22% Y/Y to $138M.
    • Financials: Free cash flow improved to $507K from $362K in FQ1 and -$3M a year ago. License/transaction fee revenue rose 30% Y/Y to $13.7M, and equipment sales 106% to $4.8M; gross margins for both businesses rose. GAAP operating expenses rose 31% Y/Y to $9.8M. USAT ended 2015 with $14.8M in cash, $7M in credit line debt, and $2.1M in long-term debt.
    • USA Technologies' FQ2 results, earnings release
    • Last month: USAT buys assets of vending payment tech firm for $5.6M
    | Fri, Feb. 12, 3:01 PM | 1 Comment
  • Fri, Feb. 12, 6:32 AM
    • USA Technologies (NASDAQ:USAT): FQ2 EPS of $0.02 beats by $0.01.
    • Revenue of $18.50M (+44.3% Y/Y) beats by $1.59M.
    | Fri, Feb. 12, 6:32 AM | 1 Comment
  • Thu, Jan. 28, 4:47 PM
    • USA Technologies (NASDAQ:USAT): FQ2 Revenue of $18M (+40.6% Y/Y) beats by $1.2M.
    • Shares +4%.
    | Thu, Jan. 28, 4:47 PM
  • Mon, Jan. 25, 8:51 AM
    • USA Technologies (NASDAQ:USAT) has bought "the cloud-based content delivery platform, device platform and products, customer base, and intellectual property" of VendScreen, a Portland startup providing a touchscreen-based payment and customer engagement platform for vending machines. The company is paying $5.6M - $2.6M in cash on hand + $3M drawn from a credit line into a term loan.
    • VendScreen supports Apple Pay and Google Wallet, along with traditional cash and card-based payments; as of early 2014, the startup had raised nearly $35M over its history. USAT notes VendScreen had 120+ customers and 4,200 active connections as of November. The company proclaims the deal will give it a West Coast footprint and pair "the industry's most advanced interactive media, content delivery system, and touchscreens with [USAT's] wide NFC footprint across the U.S."
    • Shares haven't yet moved premarket.
    | Mon, Jan. 25, 8:51 AM | 2 Comments
  • Nov. 13, 2015, 1:38 PM
    • USA Technologies (NASDAQ:USAT) has rallied above $3 after beating FQ1 revenue estimates (while missing on EPS) and reiterating FY16 (ends June '16) revenue guidance of $69M-$71M (up from FY15's $58.1M).
    • The mobile payments/telemetry services provider also reiterated guidance for 75K+ net new FY16 connections. Net connection adds totaled 16K in FQ1, bringing the total to 349K (+26% Y/Y). Transactions rose 41% Y/Y to 68.8K; transaction volume rose 42% to $126.4M.
    • FQ1 details: License/transaction fee revenue rose 27% Y/Y to $12.9M, and equipment sales 75% to $3.7M. Gross margin rose to 30.4% from 25.6% a year ago. GAAP operating expenses rose by $1.1M to $4.9M (almost entirely SG&A spend). USAT ended FQ1 with $11.6M in cash, and $2.4M in debt.
    • FQ1 results, PR
    | Nov. 13, 2015, 1:38 PM | 2 Comments
  • Nov. 12, 2015, 5:44 PM
    • Top gainers, as of 5.25 p.m.: SYT +16.0%. USAT +15.9%. FLO +13.1%. PLNT +11.0%. DAR +8.2%.
    • Top losers, as of 5.25p.m.: JWN -20.1%. FOSL -15.2%. LOCO -7.6%. INSY -7.2%. TAHO -6.8%.
    | Nov. 12, 2015, 5:44 PM | 4 Comments
  • Nov. 12, 2015, 4:17 PM
    • USA Technologies (NASDAQ:USAT): FQ1 EPS of -$0.01 misses by $0.02.
    • Revenue of $16.6M (+35.5% Y/Y) beats by $1.57M.
    | Nov. 12, 2015, 4:17 PM | 5 Comments
  • Sep. 30, 2015, 6:21 PM
    • Following a day in which its shares fell below $2.50 on strong volume (1.85M shares vs. a 3-month daily average of 195K) in the wake of news the company is delaying its FY15 10-K filing to address accounting issues, USA Technologies (NASDAQ:USAT) has issued a PR with the goal of calming investors.
    • The company has provided tables summarizing the changes it's making to its FY15 (ended in June) results - net loss goes from -$819K to -$1.089M, while revenue is unchanged at $58.1M - and has reaffirmed FY16 guidance for revenue of $69M-$71M and net new connections of more than 75K.
    • USAT expects to file its 10-K tomorrow.
    | Sep. 30, 2015, 6:21 PM | 1 Comment
  • Sep. 30, 2015, 12:43 PM
    | Sep. 30, 2015, 12:43 PM | 10 Comments
  • Sep. 29, 2015, 5:36 PM
    • After having "identified deficiencies in both the design and operating effectiveness of the Company’s internal control over financial reporting, which when aggregated represent a material weakness in internal control," USA Technologies (NASDAQ:USAT) is delaying the filing of its FY15 (ended in June) annual report (10-K).
    • Shares have fallen to $2.66 after hours.
    | Sep. 29, 2015, 5:36 PM | 1 Comment
  • Sep. 14, 2015, 1:10 PM
    • Barrington Research has upgraded USA Technologies (USAT +6.3%) to Outperform, and set a $4 target.
    • The upgrade comes 4 days after the wireless payment-processing/telemetry service provider posted mixed FQ4 results and issued strong FY16 sales guidance.
    | Sep. 14, 2015, 1:10 PM | 2 Comments
  • Sep. 10, 2015, 7:01 PM
    • USA Technologies (NASDAQ:USAT) is down 2.2% after hours after beating FQ4 revenue estimates, missing on EPS, and guiding for FY16 (ends June '16) revenue of $69M-$71M, above a $67.4M consensus.
    • One possible area of concern: FY15 net service connection adds totaled 67K, towards the low end of prior guidance of 66K-76K and bringing the total base to 333K. 75K+ net connection adds are expected in FY16.
    • FQ4 Details: Total customers rose 32% Y/Y to 9,600, and transaction volume 36% to $112.8M. License/transaction fee revenue rose 22% to $43.6M, and equipment sales 115% to $14.4M. GAAP operating expenses rose by ~$500K to $4.7M. Free cash flow was $2.7M. USAT ended FQ4 with $11.4M in cash, $4M in credit lines, and $2.3M in long-term debt.
    | Sep. 10, 2015, 7:01 PM
  • Sep. 10, 2015, 5:36 PM
    | Sep. 10, 2015, 5:36 PM | 3 Comments
  • Sep. 10, 2015, 4:08 PM
    • USA Technologies (NASDAQ:USAT): FQ4 EPS of $0.00 misses by $0.02.
    • Revenue of $17.6M (+57.0% Y/Y) beats by $1.85M.
    | Sep. 10, 2015, 4:08 PM | 1 Comment
  • Jul. 10, 2015, 5:40 PM
    | Jul. 10, 2015, 5:40 PM | 7 Comments
Company Description
USA Technologies, Inc. provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale market. Its provides in the small ticket, beverage and food vending industry and is expanding its solutions to other... More
Sector: Technology
Industry: Business Software & Services
Country: United States