USA Technologies (USAT) Misses Q3 EPS by 2c

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Go back to USA Technologies (USAT) Misses Q3 EPS by 2c

USA Technologies Announces Third Quarter Fiscal Year 2016 Results

May 12, 2016 6:30 AM EDT

MALVERN, Pa.--(BUSINESS WIRE)-- USA Technologies, Inc. (NASDAQ: USAT) ("USAT"), a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, today reported results for its third quarter ended March 31, 2016.

Third Quarter Financial Highlights:

Total quarterly revenue of $20.4 million, a year-over-year increase of 33% 32,000 net connections for the quarter compared to 14,000 in the same quarter last year, a year-over-year increase of 129% 401,000 connections to ePort service, including 6,000 new connections attributable to the VendScreen acquisition which closed on January 15,... More