USA Technologies (USAT) Misses Q1 EPS by 1c

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USA Technologies Announces First Quarter Fiscal Year 2018 Results

November 8, 2017 7:00 AM EST

Announced Agreement to Acquire Cantaloupe Systems

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 first quarter ended September 30, 2017.

First Quarter Financial Highlights:

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... More