USA Technologies (USAT) Reports Q3 EPS of $0.00, Beats on Revenues; Positive FY Revenue Outlook

USA Technologies (NASDAQ: USAT) reported Q3 EPS of $0.00, versus $0.01 reported last year. Revenue for the quarter came in at $26.5 million versus the consensus estimate of $24.87 million.

GUIDANCE:

USA Technologies sees FY2017 revenue of $95-100 million, versus the consensus of $95.81 million.

Third Quarter Financial Highlights:

• Total quarterly record revenue of $26.5 million, a year-over-year increase of 30% marking the 30th consecutive quarter of growth
• 504,000 connections to ePort service, representing a year-over-year increase of 26%
• Added 500 customers to achieve record 12,400 total customers compared to 10,750 as of a year ago, a year-over-year increase of 15%
• Quarterly record license and transaction fee revenue of $17.5 million, a year-over-year increase of 19%
• Operating income of $419,000
• Ended the quarter with $17.8 million in cash
• Quarterly GAAP net income of $136,000
• Quarterly Non-GAAP net income of $345,000
• Quarterly Adjusted EBITDA of $1.9 million

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

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