USA Technologies (USAT) Misses Q4 EPS by 3c; Guides FY17 Revenue Ahead of Views

USA Technologies (NASDAQ: USAT) reported Q4 EPS of ($0.02), $0.03 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $21.9 million versus the consensus estimate of $21.2 million.

• 429,000 connections to ePort service, including 6,000 new connections attributable to the VendScreen acquisition which closed on January 15, 2016, representing a year-over-year increase of 29%
• Record 11,050 customers compared to 9,600 as of a year ago, a year-over-year increase of 15%

GUIDANCE:

USA Technologies sees FY2017 revenue of $95-100 million, versus the consensus of $91.5 million. For full fiscal year 2017, management expects to add between 115,000 and 125,000 net new connections for the year, bringing total connections to our service to a range of 544,000 to 554,000.

For earnings history and earnings-related data on USA Technologies (USAT) click here.

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