USA Technologies Reports Second Quarter Fiscal Year 2021 Results
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UPDATE: USA Technologies (USAT) Misses Q2 EPS by 1c, Revenues Miss; Lowers FY21 Revenue Guidance Below Consensus
February 4, 2021 4:51 PM EST(Updated - February 4, 2021 4:53 PM EST)
USA Technologies (NASDAQ: USAT) reported Q2 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $38.3 million versus the consensus estimate of $40.46 million.
Financial Highlights:
Revenue of $38.3 million increased 3.8% compared to the first quarter 2021, and decreased 13.1% compared to the second quarter 2020License and transaction fee revenue of $33.2 million increased 0.3% compared to the first quarter 2021, and decreased 7.1% compared to the second quarter 2020Equipment revenue of $5.1 million, an increase of 34.5% compared to the first quarter 2021 and decrease of 38.9%... More