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

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

USA Technologies Announces Fourth Quarter and Fiscal Year 2016 Results

September 13, 2016 6:30 AM EDT

MALVERN, Pa.--(BUSINESS WIRE)-- USA Technologies, Inc. (NASDAQ: USAT), a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, today reported results for its fourth quarter and fiscal year ended June 30, 2016.

Fourth Quarter Financial Highlights:

Total quarterly revenue of $21.9 million, a year-over-year increase of 24% 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%... More