USA Technologies (USAT) Misses Q1 EPS by 1c

USA Technologies (NASDAQ: USAT) reported Q1 EPS of ($0.02), $0.01 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $25.6 million versus the consensus estimate of $25.9 million.

• Revenue of $25.6 million, a year-over-year increase of 19% marking the 32nd consecutive quarter of growth
• Net connections of 26,000, a year-over-year increase of 37%
• Achieved record license and transaction fee revenue of $19.9 million, a year-over-year increase of 22%
• Operating loss of $(0.6) million, compared to an operating loss of $(1.0) million in the prior year period
• Adjusted operating income (operating income as adjusted for integration and acquisition costs) of $0.2 million, compared to a loss of $(0.8) million for the prior year period
• Ended the quarter with $51.9 million in cash
• Net loss of $(0.2) million, or $(0.01) per share, compared to a net loss of $(2.5) million, or $(0.07) per share for the prior year period
• Adjusted EBITDA of $2.3 million, a year-over-year increase of 244%

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

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