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tbe price action of the stock is disappointing
USAT Appoints Ravi Venkatesan to Newly Created Chief Technology Officer Position
Covid-19 negatively effected so many of USAT customers. The trickle up was obviously going to happen.
My wife’s insurance company with more than 1,000 home office staffers only allows 5% of office works to return.
The office is otherwise shut until Spring. Everyone has otherwise been converted into home workers.
The building has USAT vending machines. They are obviously not generating the same business for their owners.
Hudson finally took control when a perfect storm that might permanently alter the business model is happening.
Totally blew that one. Very disappointed with the price action since its uplisting!!!
Not very good, hope results come back ahead of projections the next two quarters...
USA Technologies (USAT) Investor Presentation - Slideshow
Nov. 22, 2020 12:58 PM ET
The following slide deck was published by USA Technologies, Inc. in conjunction with this event.
https://seekingalpha.com/article/4390884-usa-technologies-usat-investor-presentation-slideshow
https://usatechnologiesinc.gcs-web.com/events/event-details/investor-relations-presentation
USAT moved to the Nasdaq from the OTC:
https://otce.finra.org/otce/dailyList?viewType=Deletions
USA Technologies Announces Rebrand to Cantaloupe
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/usa-technologies-announces-rebrand-cantaloupe
New Name Better Aligns with Company’s New Vision, Mission and Values
MALVERN, Pa.--(BUSINESS WIRE)--Nov. 18, 2020-- USA Technologies, Inc. (OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that it will transition its corporate identity to exclusively operate under the name Cantaloupe, Inc. The Nasdaq ticker symbol will change when the official launch is announced.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201118006071/en/
“This is a major milestone for us, as Cantaloupe already has built great equity in the industry, strong customer loyalty and communicates our vision to become the leading hardware and software platform for a contactless economy,” said Sean Feeney, chief executive officer, USA Technologies. “As a leader in the unattended and self-serve retail markets, the adoption of the new brand and graphic puts our company in a great position to better compete in the growing global market and delivers on our mission to help the world buy it and go.
The Cantaloupe launch signals a fresh vision and approach to the market, our stakeholders and shareholders. The brand’s unveiling in 2021 will be the culmination of an extensive rebranding effort that reflects the Company’s evolution into software and Platform as a Service (PaaS), its path toward strategic growth and renewed corporate strategy. The rebrand will also include a new logo and updated website, which will reflect the Company’s new vision, mission and values, better aligning to its true value proposition.
On the design level, the new Cantaloupe logo is a symbol that represents innovation, simplicity and differentiation through the use of the color orange, and the play on the letter “C” from the brand name. It combines five seed elements representing the strategic pillars of our values, goals and proprietary technology. Our company’s culture and passion for the customer is highlighted in our “People First, Dedicated to Customer Success, Always Do the Right Thing, the Right Way, Innovation at our Core, and Get It Done” mentality.
Cantaloupe is rooted in the Company’s commitment to deliver innovative solutions and the best customer service. The Company’s PaaS is a true end to end solution, designed to adapt to changing retail trends and market demands. It also represents the dynamic developments in payment systems, as the world moves to contactless solutions. It creates value for its customers as they acclimate to the industry’s changes, by helping them optimize their performance, modernize their operations and find new avenues for growth.
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
Forward-Looking Statements
All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.
-- G-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20201118006071/en/
Media and Investor Relations Contact:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.445.4220
anievawoodgate@usatech.com
Investor Relations:
ICR, Inc.
USATechIR@icrinc.com
Source: USA Technologies, Inc.
i am hoping for $12 by thanksgiving
2020's starting to suck just a little less now!!!
YAAAAAAAAAAAAAAAY
The long wait is over! / Hudson did it! /USA Technologies Announces Approval to Relist on Nasdaq
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/usa-technologies-announces-approval-relist-nasdaq
Company Will Trade Under Its Existing Symbol ”USAT”
MALVERN, Pa.--(BUSINESS WIRE)--Nov. 17, 2020-- USA Technologies, Inc. (OTC: USAT) ("USA Technologies"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that The Nasdaq Stock Market LLC (“Nasdaq”) has approved its application for the relisting of the Company’s common stock on The Nasdaq Global Select Market. The Company’s common stock is expected to be relisted and commence trading on the Nasdaq Global Select Market at the opening of the market on or about Thursday, Nov. 19, 2020, under the ticker symbol “USAT.”
“Our relisting on Nasdaq is an important milestone in our journey to build a better, stronger Company for our customers, employees and stakeholders,” said Sean Feeney, chief executive officer, USA Technologies. “This achievement reflects the operational and financial progress we have accomplished in the past six months, the fundamental strengths of our core business, and our ability to capitalize on the opportunities that lie ahead.”
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
Forward-Looking Statements
All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.
-- F-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005726/en/
Media and Investor Relations Contact:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.445.4220
anievawoodgate@usatech.com
Investor Relations:
ICR, Inc.
USATechIR@icrinc.com
Source: USA Technologies, Inc.
Looks like an open market buy by the Chief Compliance Officer
https://usatechnologiesinc.gcs-web.com/node/19776/html
Every shareholder is in Covid-Limbo, waiting to see how vaccines will create a new normal.
Who is going back to work in traditional facilities that USAT's customers service?
Empire Vending Leverages USA Technologies’ Platform as a Service to Improve Efficiencies and Cashless Payments Adoption
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/empire-vending-leverages-usa-technologies-platform-service
Implementation of USAT’s Solution Enables Business Continuity During COVID-19 Lockdown
MALVERN, Pa.--(BUSINESS WIRE)--Nov. 11, 2020-- USA Technologies, Inc. (OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced that Houston, Texas based Empire Vending, LLC (“Empire”) has successfully leveraged USAT’s Platform as a Service (PaaS) for complete business optimization and improved efficiencies. Additionally, the platform has been instrumental in being able to adapt quickly to the drastic changes brought about by COVID-19.
“USAT’s ability to provide a robust end-to-end solution, combined with its Customer Service Management Team’s training and product resources, was a key factor in our selection,” said Jonathan Abernathy, Director of Operations, Empire Vending, LLC. “We identified vending management as a critical component to automating and modernizing how we run our business, from getting rid of pen and paper to better insight of our inventory and cash management. The ePort deployment has enabled more payment options for our customers. In addition, the Seed Cloud™ platform implementation has delivered scalability and flexibility, allowing us to manage all aspects of the organization, creating proficiencies that were not possible before. Never before has this been more evident than during the era of Coronavirus, as the real time data Seed provided gave us better visibility into what locations were live and needed servicing during the lockdown.”
Empire chose USAT’s PaaS to help implement cashless payments by deploying a combination of the ePort G10-S and ePort Interactive devices, across all its vending machines. In addition, Empire implemented Seed Pro and Seed Office, USAT’s logistics and back-office management software, to streamline their processes onto one platform and reduce overall operating costs. As a result, the operator has been able to confidently grow its business to become one of the larger vending operators in its region. Following deployment, and before COVID-19, the Company realized a 22% increase in top line sales after installing cashless, with 66.2% of its overall transactions being cashless compared to cash. In addition, it experienced a 107% increase in average weekly sales per route. Other key metrics achieved include:
Improved cash accountability and reconciliation
The number of machines serviced per route increased by 2X
Increasing its fills per visit by 57%
Reducing overall service stops down to an average of 15 minutes or less
Ability to see which customers were active vs. inactive during COVID-19 lockdown
“Empire Vending’s decision to adopt USAT reflects their commitment to delivering innovative services and bottom-line results, while meeting the rigorous and ever-changing demands of the unattended and self-serve retail markets,” said Anant Agrawal, chief revenue officer, USA Technologies. “By automating time-consuming operational activities running nearly 1,000 machines and five routes, Empire Vending can reinvest that time and money into new routes and initiatives that will help the Company drive revenue and more rapidly meet larger business objectives.”
Today, Empire Vending is almost completely cashless enabled across all of its vending machines, giving customers more flexible payment options. In turn, this has also increased the average ticket price by 42%, as consumers are willing to pay for more expensive items when given the option to use a card or mobile wallet. As a result of its Seed Cloud deployment, Empire can now leverage sales data and customer trends to better stock its machines. The Company has recently incorporated USAT’s ePort Interactive devices for digital advertising of products and promoting other relevant services to consumers.
USAT’s PaaS provides the industry’s most comprehensive technology for the unattended and self-serve retail markets. The powerful combination of ePort devices and Seed software enables customers like Empire Vending to leverage this state-of-the-art technology and implement cashless payments across a network of vending machines. Further, it provides a strong logistics software platform to help manage entire operations within one platform.
To learn more about how Empire Vending achieved operation-wide success, please view the video of the customer story or read the case study.
Useful Links
USA Technologies: https://usatech.com/
Blog: https://www.usatech.com/blog/
LinkedIn: https://www.linkedin.com/company/usa_tech/
Twitter: https://twitter.com/usa_tech
YouTube: https://www.youtube.com/user/USATechnologies
Resource Center: https://www.usatech.com/resources/
Sales and Partnerships:
Please contact USA Technologies, Inc. at +1 800.633.0340 or sales@usatech.com.
About Empire Vending, LLC
Empire Vending was founded in 2012 and has grown into a full-line operator providing vending, micro markets, office coffee and pantry services. Empire is a family owned business and services over 200 customers across the Greater Houston Metropolitan Area. To learn more about Empire Vending visit https://www.theempireorganization.com.
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
Forward-Looking Statements
All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.
-- G-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20201111005285/en/
Media and Investor Relations Contact:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.445.4220
anievawoodgate@usatech.com
Investor Relations:
ICR, Inc.
USATechIR@icrinc.com
Source: USA Technologies, Inc.
Hudson was paid up front, Covid-19 got to be a pain as they will be well taken care of when time for sale comes...
USA Technologies Reports First Quarter Fiscal Year 2021 Results
Sequential Revenue Growth of 13%
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/usa-technologies-reports-first-quarter-fiscal-year-2021-results
$5.2 Million in Operating Cash Flow for the Quarter
MALVERN, Pa.--(BUSINESS WIRE)--Nov. 5, 2020-- USA Technologies, Inc. (OTC:USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today reported results for the fiscal year 2021 first quarter.
“We delivered a quarter with solid sequential revenue growth, and in line with our expectations,” said Sean Feeney, chief executive officer, USA Technologies. “We continue to execute on the initiatives I outlined last quarter and remain focused on growth, operational execution and delivering for our customers. As the demand for contactless payment solutions grows, we are seeing demand in the market for an end-to-end solution that can help vending operators get through these challenging economic times. We are well positioned to capitalize on these trends and during the first quarter, we won significant deals against our competition, selling across all product lines, as customers leverage our Platform as a Service.”
Financial Highlights:
Revenue of $36.9 million, an increase of 13.0% versus fourth quarter 2020, and a decrease of 15.0% year over year
License and transaction fee revenue of $33.1 million, a decrease of 4.3% year-over-year and an increase of 18.9% versus fourth quarter 2020
Equipment revenue of $3.8 million, a decrease of 21.5% over fourth quarter 2020 and decrease of 56.9% year over year
Net new connections of approximately 15,000 bring total connections to approximately 1,335,000
Gross margin of 38.6% compared with 26.3% in the prior year period
Operating loss of $(3.6) million compared to operating loss of $(11.3) million in the prior year period
Net loss applicable to common shares of $(6.9) million, or $(0.11) per basic share compared to net loss applicable to common shares of $(11.8) million, or $(0.20) per basic share in the prior year period
Adjusted EBITDA of $(0.5) million compared to $(4.9) million in the prior year period
Ended the quarter with $34.7 million in cash and cash equivalents
“While our revenue decreased year over year, mostly due to the COVID-19 pandemic, we experienced solid sequential growth trends during the quarter. Our overall revenue was up over the fourth quarter of 2020, mostly driven by the increase in license fees. We are also pleased to have generated a $5.0 million increase in operating cash flow in the current quarter over the prior year quarter,” said Wayne Jackson, chief financial officer, USA Technologies.
Operational Highlights:
Announced the upgrade and expansion of the Company’s ePort product portfolio to now accept EMV contact and contactless payments
New Senior Hires include Chief Accounting Officer, Scott Stewart and the return of Denis Kouznetsov, now the Company’s Chief Architect
Worked to become a more customer-centric organization. Hired two new regional sales directors and built out customer service teams
Key customer wins including a large Operator in the Midwest, FreshBrew Vending, and Continental Vending, Inc.
Fiscal Year 2021 Outlook:
For full fiscal year 2021, the Company expects the following:
Revenue to be between $170 million and $180 million
Net loss applicable to common shares to be between $(14.1) million and $(11.1) million
Adjusted EBITDA to be between $2 million and $5 million
Webcast and Conference Call
USA Technologies will host a conference call and webcast at 4:30 p.m. Eastern Time today. To participate in the conference call, please dial (866) 393-1608 approximately 10 minutes prior to the call. International callers should dial (224) 357-2194. Please reference conference ID # 2696196. A live webcast of the conference call will be available at https://usatechnologiesinc.gcs-web.com/events-and-presentations. Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software.
A telephone replay of the conference call will be available from 7:30 p.m. Eastern Time on November 5, 2020 until 7:30 p.m. Eastern Time on November 8, 2020 and may be accessed by calling +1 (855) 859-2056 (domestic dial-in) or +1 (404) 537-3406 (international dial-in) and reference conference ID # 2696196.
An archived replay of the conference call will also be available in the investor relations section of the company's website.
About USA Technologies
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The Company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
Discussion of Non-GAAP Financial Measures:
This press release contains discussion of adjusted EBITDA, a non-GAAP financial measure which is not required or defined under GAAP (Generally Accepted Accounting Principles). Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. Reconciliations between non-GAAP financial measures and the most comparable GAAP financial measures are set forth below in Financial Schedule D.
We use these non-GAAP financial measures for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. We believe that these non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of past financial performance and future prospects and allow for greater transparency with respect to metrics used by our management in its financial and operational decision making. The presentation of this financial measure is not intended to be considered in isolation or as a substitute for the financial measures prepared and presented in accordance with GAAP, including our net income or net loss or net cash used in operating activities. Management recognizes that non-GAAP financial measures have limitations in that they do not reflect all of the items associated with our net income or net loss as determined in accordance with GAAP, and are not a substitute for or a measure of our profitability or net earnings. Adjusted EBITDA is presented because we believe it is useful to investors as a measure of comparative operating performance. Additionally, we utilize Adjusted EBITDA as a metric in our executive officer and management incentive compensation plans.
We define Adjusted EBITDA as net loss before (i) interest income, (ii) interest expense, (iii) income taxes, (iv) depreciation, (v) amortization, (vi) stock-based compensation expense, and (vii) non-recurring fees and charges that were incurred in connection with the 2019 Investigation and financial statement restatement activities as well as proxy solicitation costs.
We have excluded stock-based compensation, as it does not reflect our cash-based operations. We have excluded the professional fees incurred in connection with the non-recurring costs and expenses related to the 2019 Investigation, financial statement restatement activities, and proxy solicitation costs because we believe that they represent charges that are not related to our operations.
Forward-looking Statements:
All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.
USAT Announces Upgrade Program for 2G and 3G Devices
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/usat-announces-upgrade-program-2g-and-3g-devices
Platform as a Service Offers the Leading Solution for Best Return on Interest
Operators Now Have the Choice to Include EMV As Part of Upgrade
MALVERN, Pa.--(BUSINESS WIRE)--Nov. 5, 2020-- USA Technologies, Inc. (OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced its initiatives in preparation for the wireless industry phasing out legacy 2G and 3G networks.
Mobile network operators across the globe and in the U.S. are beginning to sunset their 2G and 3G networks as 4G long-term evolution (LTE) is now the industry standard. USAT migrated most of its customers from 2G to 3G, but will work with those still on legacy devices, to complete the remaining 2G upgrades in the field. USAT is committed to making the transition seamless. To ensure business continuity, customers with devices that are reliant on either network generation will need to upgrade no later than end of 2022, although some carriers do have 2021 sunset dates. This will affect all ePort and Seed devices in the United States.
“It’s a testimony to our knowhow that so many of our legacy devices in the field have continued to operate[suggest reframing this around quality and longevity of our devices that have outpaced the shelf life of the networks,” said Anant Agrawal, chief revenue officer, USA Technologies. “Throughout the years we have demonstrated keen foresight in developing our products, with the goal of protecting our customers’ investment last as long as possible, underlining our dedication as a trusted partner. We remain steadfast in giving our customers access to the latest technology, through our integrated Platform as a Service and making sure it’s a value add to their business.”
USAT has developed an upgrade program that leverages its Platform as a Service (PaaS) and focuses on a choice of sensible plans to help operators maximize their capital investment. The combination of USAT’s innovative technology and future proofing gives them the ability to upgrade without too much spend and without the need to rip and replace. Many 3G devices currently in the field are equipped with an EMV Contactless card reader and will only require a 4G telemeter (G10s) upgrade. This will help get the most out of an operator’s deployed device footprint.
Continued Mr. Agrawal, “Change is a constant in technology, and the costs to keep up can add up as companies manage their investment. USAT has worked diligently to develop an upgrade program that is simple and straight forward. Our goal is to reduce our customers’ CapEx while helping maximize their return on investment.
For the small ticket unattended retail market, EMV contactless is all an operator needs particularly since consumers are quickly moving to frictionless methods of payment since the onset of the pandemic. It is likely that most will follow-suit with the way other countries that have implemented EMV. The USAT platform solution is designed to adapt to the evolutions in technology, as well as market demands; without it being disruptive or having to replace hardware or software, and by providing the best ROI. As mentioned in a press release earlier this week, operators now have the option to include EMV as part of this network upgrade. In addition, the Company completed a free over-the-air upgrade to enable EMV contactless to hundreds of thousands of readers in the field, with no upcharge or action needed by the customer.
To learn more about the network sunset and what if means for your business, please read our blog. Additional information regarding the 2G and 3G upgrade program can be found on the USAT website.
Useful Links
USA Technologies: https://usatech.com/
Blog: https://www.usatech.com/blog/
LinkedIn: https://www.linkedin.com/company/usa_tech/
Twitter: https://twitter.com/usa_tech
YouTube: https://www.youtube.com/user/USATechnologies
Resource Center: https://www.usatech.com/resources/
Sales and Partnerships:
Please contact USA Technologies, Inc. at +1 800.633.0340 or sales@usatech.com.
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
Forward-Looking Statements
All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.
-- G-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20201105005071/en/
Media and Investor Relations Contact:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.445.4220
anievawoodgate@usatech.com
Investor Relations:
ICR, Inc.
USATechIR@icrinc.com
Source: USA Technologies, Inc.
Fabulous! USAT Announces Upgrades and Expansion of ePort Product Family to Accept EMV Contact and Contactless Payments
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/usat-announces-upgrades-and-expansion-eport-product-family
ePort G10-Chip Cashless Reader Expands Payment Device Options for Customers, Accepting Contact EMV (chip cards) and Contactless EMV (tap)
ePort G10-S Completes Free Over-the-Air Upgrade to Accept Contactless EMV Payments
MALVERN, Pa.--(BUSINESS WIRE)--Oct. 26, 2020-- USA Technologies, Inc. (OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announces it has enhanced its ePort product family. USAT’s ePort G10-Chip reader is EMV certified and accepts contact EMV (chip cards) and contactless EMV (tap) payment methods. The company also announces it has completed a free over-the-air upgrade to its ePort G10-S to enable acceptance of contactless EMV payments. These enhancements were rolled out beginning in February, prior to the COVID-19 outbreak, enabling operators to offer their customers more ways to pay via cashless and contactless methods.
Europay, Mastercard, Visa (“EMV") jointly established the security standard which increases the security of consumer financial data vs traditional mag-swipe payments. Contact EMV (also known as “chip” or “dip”) is the method of payment where consumers insert their debit card or credit card into the slot of the terminal and wait for the purchase to be authorized. Contactless EMV (also known as “tap”) is the method of payment where consumers with contactless-enabled cards or digital wallets tap or wave their card or device over an EMV Contactless enabled terminal.
USAT has expanded its capabilities to accept EMV payments for operators who wish to provide consumers with premium fraud protection. The EMV security features for both the ePort G10-Chip and ePort G10-S are the same. Now these businesses can use USAT’s new offerings to stand out in the market, and deliver a better consumer experience, driven by the increased demand in “tap and go” or cashless that has accelerated since the onset of COVID-19. A recent study conducted by USAT found that since the start of the pandemic, the unattended retail industry has seen a steady decline in the use of cash, as well as an increase in contactless transactions that outpaced non-contactless transactions by 8x.
“We continuously enhance our product portfolio in order to provide our customers with the latest technology in payments. As part of this commitment, we began deploying the next phase of our EMV capabilities in early February to address operators’ increasing security requirements. The new EMV Chip reader is a new addition to our product portfolio that enables us to address market needs and future requirements,” said Jeff Vogt, chief operating officer, USA Technologies. “Our goal is to help reduce the threat of credit fraud by providing our customers with enhanced fraud protection through security innovations such as EMV contact and contactless solutions. We are pleased to offer these innovations as self-serve and unattended technologies gain in popularity with younger generations and include higher-ticket items outside of traditional snacks.”
The New ePort G10-Chip Reader
The ePort G10-Chip is a new cashless reader that will accept contact EMV (chip cards) and contactless EMV (tap) payment methods. The reader will function with the existing G10 telemeter and will report into USA Live or Seed just like a G10-S reader. USAT launched the device to extend its product portfolio to meet all customer needs, and the reader is not meant to replace the G10-S for most operators. Orders for the ePort G10-Chip Reader are now being accepted.
The ePort G10-S EMV “Over the Air” Upgrade for Contactless Payments
In an effort to continuously innovate and future proof our devices in the field, this past February, ePort G10-S received a free over-the-air upgrade, enabling contactless EMV payments, to the majority of existing connected readers. Newer G10 units bundled with the Vendi version of the reader were also compatible with this upgrade, however, non-Vendi readers were not compatible, so have not been upgraded. The device upgrading was rolled out over cellular networks, without the need of a tech on premise, and over 250,000 devices have already received the free over-the-air-upgrade.
Useful Links
USA Technologies: https://usatech.com/
Blog: https://www.usatech.com/blog/
LinkedIn: https://www.linkedin.com/company/usa_tech/
Twitter: https://twitter.com/usa_tech
YouTube: https://www.youtube.com/user/USATechnologies
Resource Center: https://www.usatech.com/resources/
Sales and Partnerships:
Please contact USA Technologies, Inc. at +1 800.633.0340 or sales@usatech.com.
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
Forward-Looking Statements
All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.
-- G-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005282/en/
Media and Investor Relations Contact:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.445.4220
anievawoodgate@usatech.com
Investor Relations:
ICR, Inc.
USATechIR@icrinc.com
Source: USA Technologies, Inc.
USA Technologies to Hold First Quarter Results Conference Call on November 5, 2020
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/usa-technologies-hold-first-quarter-results-conference-call
USA Technologies - Learn why Bradlee Whitson of K&R Vending leveraged pre-pick orders and FaceTime in our latest blog: https://lnkd.in/gTENQwY
Learn why Bradlee Whitson of K&R Vending leveraged pre-pick orders and FaceTime in our latest blog: https://t.co/anpq74Lg5x
— Cantaloupe, Inc. (@cantaloupeinc_) October 20, 2020
.
.#contactless #unattendedretail #vending #covid19 pic.twitter.com/DxYtp3w2Fm
USA Technologies - As #COVID19 is changing the #OCS landscape, operators are looking for new opportunities to serve their customers. Watch our #webinar (http://bit.ly/ocs-challenges-recording-social) to find out how industry leaders are changing the ways they are running their OCS businesses. #internationalcoffeeday
As #COVID19 is changing the #OCS landscape, operators are looking for new opportunities to serve their customers. Watch our #webinar (https://t.co/ORXn3hDhX8) to find out how industry leaders are changing the ways they are running their OCS businesses. #internationalcoffeeday pic.twitter.com/qlUN2XJ0hT
— Cantaloupe, Inc. (@cantaloupeinc_) October 1, 2020
USA Technologies We’re seeing success for most devices across the network. For ePorts still experiencing issues, we believe this is isolated to a small regional carrier and we’re actively working a resolution. As service is restored devices will come back online without assistance.
We’re seeing success for most devices across the network. For ePorts still experiencing issues, we believe this is isolated to a small regional carrier and we’re actively working a resolution. As service is restored devices will come back online without assistance.
— Cantaloupe, Inc. (@cantaloupeinc_) September 21, 2020
We are pleased to report that devices are fully back online and processing transactions. The network is currently indicating that all devices are stable.
The company network is DOWN, check the updates here
http://www.usatech.com/status/
The thing is they don't know whats wrong, all of their customers are down and there has been almost no communication.
I will be shorting the stock Monday morning
What do you mean?
When their customers have no answers on whats going on........
Card Readers are still down, lots of customers very mad, the stock will go lower if they can't get them working
It may have been a hack, management is being very quiet, NOT GOOD
ALL CARD READERS ARE DOWN, PREPARE FOR A MASSIVE SEL OFF.
USA TECH HAD A UPDATE GO BAD AND 95% of the card readers are not working, this is very bad news as they can’t get them back working.....
OH and if a foreign company wants in lets not just print up a bunch of stock and sell it to them at a discount like past management did.
As posted last week watch out for all the "Foreward looking statements" dreams and wish's that all come with a disclaimer...you always build a company up with words when performance does not carry you....I like the moving into foreign markets verbiage that will open up the possibility of a foreign company wanting in....
I believe Hudson will take USAT to new heights. They will partner with foreign entities to handle sales and distribution while keeping control over the proprietary software.
I'm actually surprised they are reaching out to contiguous areas first. Europe and Asia seem ripe.
this is an important announcement that might be getting lost because of the other news coming out and the same time
I agree. The post covid-19 world is going to be very different for USAT. We'll just have to wait and see how it unfolds.
I think the company is still in the process of cleaning up legacy issues.
The company acknowledged the importance of uplisting to the investment community but would not commit to a time frame. My take is its not a high priority for management and feels energies and time, in the near term, are better focused elsewhere.
After listening to the CC, my take is that the management is very competent, needs time to execute and will succeed.
USA Technologies Announces Fernando Lopez Lacroix as Vice President of Business Development
Focus on Latin American and Caribbean as Company Expands International Footprint
MALVERN, Pa.--(BUSINESS WIRE)--Sep. 10, 2020-- USA Technologies, Inc. (OTC:USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced Fernando Lopez Lacroix has been appointed Vice President of Business Development effective September 21, 2020. Mr. Lopez Lacroix will identify new business opportunities and develop strategic plans to increase the company’s presence in Mexico and explore prospects in the rest of Latin America and the Caribbean. He will report to Chief Revenue Officer, Anant Agrawal.
Mr. Lopez Lacroix has more than 30 years of combined leadership and management experience in the payments industry, with the last 25 years spent at VeriFone Systems (“VeriFone”). While there, he served in various roles for the Latin American and Caribbean region (LACAR), including President, Chief Revenue Officer, and ultimately Vice President and General Manager. During his tenure at the company, he was the driving force behind multiple strategic transitions that enabled business opportunities in the Latin American and Caribbean markets. As an example, he helped grow LACAR revenues from less than $40M in 2002 to over $300M in 2012 while reporting directly to then VeriFone CEO and current USAT Chairman, Doug Bergeron.
"Fernando brings to the Company invaluable experience, demonstrated success and a broad industry network, which will help us expand our reach in untapped international markets," said Sean Feeney, CEO, USA Technologies. "His contribution to VeriFone Systems is renowned and we look forward to benefiting from his leadership, expertise, and vast knowledge of the payments industry landscape in Latin America and the Caribbean.”
As part of his duties, Mr. Lopez Lacroix led the VeriFone sales organization in Latin America with direct offices for Mexico, Brazil, Argentina, and Colombia, and via distribution partners for the rest of the region. He delivered record revenues and successfully managed a technology refresh that involved a new payments solutions platform, transforming the company’s focus from hardware to software and services. He also played a key role in the migration of the client base onto this new technology and coordinated the end to end certification process with the key banks and processors in Latin America.
“Fernando has a long history as a senior executive in the payments industry with long-standing relationships in the market,” said Anant Agrawal, Chief Revenue Officer, USA Technologies. “His depth of experience and breadth of contacts will allow him to hit the ground running and add great value to the team.”
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
-- G-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20200910005503/en/
Media and Investor Relations Contact:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.445.4220
anievawoodgate@usatech.com
Investor Relations:
ICR, Inc.
USATechIR@icrinc.com
Source: USA Technologies, Inc.
I assume The Street has a feel for where USAT can go in the post-Covid-19 world.
Short term pain is probably a good buying opportunity.
I don't believe we'll see anything like sub-$7.
what do you think of the numbers released today?? The street will not like the headline of an earnings miss!!
USA Technologies (OTCPK:USAT): FQ4 GAAP EPS of -$0.18 misses by $0.04.
https://seekingalpha.com/pr/18002535-usa-technologies-reports-fourth-quarter-and-fiscal-year-2020-results
My take is you do not turn a ship around overnight. Things moving in the right direction. Time will tell how well the management can execute?? Its a difficult economic environment.
USA Technologies Study Finds Acceleration of Contactless Trends to Grow 8X from Non-Contactless Payments
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/usa-technologies-study-finds-acceleration-contactless-trends
MALVERN, Pa.--(BUSINESS WIRE)--Sep. 9, 2020-- COVID-19 has disrupted many industries in varying degrees and has impacted the way consumers buy goods and services. USA Technologies, Inc. (OTC:USAT) (“USAT” or the “Company”) recently surveyed 474 businesses, including 336 vending operators, during the peak of the pandemic in early May when most states were in closed phases. The results enabled the Company to gauge the pandemic’s effects on the unattended retail market.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200909005342/en/
USAT was able to get a close look at a few key trends that have emerged amongst consumers. Specifically, the survey data noted shifts in payment method and changes to products and services offered as a result of changing consumer demands. We found 27% of the operators pivoted to offering new products and services, including PPE products, and 19% were offering boxed lunches and take-out options, for example.
The data appears in a new infographic from USAT, which depicted the data analyzed from 120,000 cashless terminals in order to compare the survey results against unattended retail terminal performance. From the survey conducted in early May, 66% of respondents reported seeing more than 50% of their revenue impacted during the peak of COVID-19, with 48% of total respondents identifying that they were located in a COVID-19 hot spot (e.g. a city or location like New York City or Chicago). During the month of April USAT observed the largest decline in average sales per machine. By May, the market showed signs of recovery, being driven by cashless payments, specifically contactless payments. The cashless terminals analyzed saw a 51% growth in sales per machine overall, with 61.7% of total sales in July 2020 made with cashless payments, vs 53.1% in January. The accelerated adoption of cashless has spurred many in the industry not currently offering a cashless alternative to implement this payment method into their business model. Cashless payments are an attractive alternative, as a matter of health and safety, security, as well as a noted 43% increase in average transaction size.
“The trends towards cashless, specifically contactless, are being driven by consumers looking for more secure and better protected ways to pay for goods and services,” said Elyssa Steiner, vice president of Marketing, USA Technologies. “The adoption of contactless payments has been growing steadily over the past few years. However, the onset of COVID-19 certainly has accelerated the demand and use. We believe that this movement towards digital payments of any form, whether credit card, mobile wallet, or such will continue to propagate, as businesses look to provide a safer way to pay for products in person.”
You can download the infographic here.
Useful Links
USA Technologies: https://usatech.com/
Blog: https://www.usatech.com/blog/
LinkedIn: https://www.linkedin.com/company/usa_tech/
Twitter: https://twitter.com/usa_tech
YouTube: https://www.youtube.com/user/USATechnologies
Resource Center: https://www.usatech.com/resources/
Sales and Partnership Inquiries:
Please contact USA Technologies, Inc. at +1 800.633.0340 or sales@usatech.com
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
Forward-Looking Statements
All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.
-- G-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20200909005342/en/
Media and Investor Relations Contact:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.445.4220
anievawoodgate@usatech.com
Source: USA Technologies, Inc.
Between Covid-19 and paying for the "Takeover" things will be very bad...what you will see as good is the "Forward" wishes and dreams they will present, all with the usual disclaimers....still think they will talk their position in cashless transactions into a sale some where along the line...
Lets hope it's good - USA Technologies to Release Fourth Quarter and Full Year Results on September 10, 2020
September 8, 2020 - by MyChesCo
MALVERN, PA — USA Technologies, Inc. (OTC: USAT) recently announced that management will host a webcast and conference call to discuss the 2020 fourth quarter and full year results on September 10, 2020, at 4:30 p.m. Eastern Time.
To participate in the conference call, please dial +1 (866) 433-2471, approximately 10 minutes prior to the call. International callers should dial +1 (224) 357-2186. Please reference conference ID #6485605.
A live webcast of the conference call will be available at: https://usatechnologiesinc.gcs-web.com/events-and-presentations. Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software.
A telephone replay of the conference call will be available from 7:30 p.m. Eastern Time on September 10, 2020, until 7:30 p.m. Eastern Time on September 13, 2020, and may be accessed by calling +1 (855) 859-2056 (domestic dial-in) or +1 (404) 537-3406 (international dial-in) and reference conference ID #6485605.
An archived replay of the conference call will also be available in the investor relations section of the company’s website.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market.
Thanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your support today by clicking here and becoming a patron.
USA Technologies to Release Fourth Quarter and Full Year Results on September 10, 2020
https://usatechnologiesinc.gcs-web.com/news-releases/news-release-details/usa-technologies-release-fourth-quarter-and-full-year-results
MALVERN, Pa.--(BUSINESS WIRE)--Sep. 2, 2020-- USA Technologies, Inc. (OTC:USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that management will host a webcast and conference call to discuss 2020 fourth quarter and full year results on September 10, 2020 at 4:30 p.m. Eastern Time. A press release highlighting the financial results will be issued at approximately 4:00 p.m. Eastern Time the same day.
To participate in the conference call, please dial +1 (866) 433-2471, approximately 10 minutes prior to the call. International callers should dial +1 (224) 357-2186. Please reference conference ID #6485605.
A live webcast of the conference call will be available at: https://usatechnologiesinc.gcs-web.com/events-and-presentations. Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software.
A telephone replay of the conference call will be available from 7:30 p.m. Eastern Time on September 10, 2020 until 7:30 p.m. Eastern Time on September 13, 2020 and may be accessed by calling +1 (855) 859-2056 (domestic dial-in) or +1 (404) 537-3406 (international dial-in) and reference conference ID #6485605.
An archived replay of the conference call will also be available in the investor relations section of the company's website.
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
-- F-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20200902005274/en/
Investor Relations:
Dara Dierks
ICR, Inc.
USATechIR@icrinc.com
Media and Investor Relations:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.445.4220
anievawoodgate@usatech.com
Source: USA Technologies
Interesting. It didn't bounce back today / Closing Price $8.75 / Day's Change -0.40 (-4.37%), but it went down the same amount.
Maybe the volume was too light for them to play the game and bring it back up.
Volume(Light) 102,155 / 10-day average volume:247,076
September 01, 2020 3:59pm ET
Maybe they'll do it tomorrow?
How do you think the rich keep getting richer...if you have tons of money you hire someone to make you more money and with computer trading in less then a second all it takes is being in the know about a stock or company and bingo. A company can release a positive statement at 8 AM stock at $50 before 8:01 a million shares can sell for less then $52 and by 8:30 the stock hits $55, a million shares are sold at $54 by the buyer that bought at less then $52,,, and that goes on day after day...sure sometimes they get a set back, but so far in 2020 none of them have lost a nickle but a lot of them have made multi millions. Millions are not made by most long term holders, maybe 10% to 15% are the best long term holders end up making, the mill a second trader is making 50% to 300% a year.
It happened again today. I wonder who is Day Trading USAT and benefiting?
The PPS drops 30¢ early in the day, and rebounds back to near the open.
Someone has been doing this every day lately!
I wish I knew how, and had enough money to buy buckets of shares at $8.50 - $8.70 and sell on the same day over $9, day after day.
USA Technologies to Participate in Lake Street Capital Markets' Best Ideas Growth (BIG4) Conference
MALVERN, Pa.--(BUSINESS WIRE)--Aug. 27, 2020-- USA Technologies, Inc. (OTC:USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced its management team will be conducting one-on-one meetings at the upcoming Lake Street Capital Markets' Best Ideas Growth (BIG4) Conference, on September 17, 2020.
This conference is an invitation-only event, featuring over 50 dynamic, small-cap companies interacting with top institutional investors. The virtual format has been designed to give attendees direct access to senior management via one-on-one and group meeting formats.
USAT’s presentation materials will be posted on the Investor Relations portion of the company website. Interested parties may contact their representatives at Lake Street Capital Markets to arrange virtual 1x1 meetings with USAT’s management team.
About USA Technologies, Inc.
USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The Company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.
--F-USAT
View source version on businesswire.com: https://www.businesswire.com/news/home/20200827005030/en/
Media and Investor Relations Contact:
Alicia V. Nieva-Woodgate
USA Technologies
+1 720.808.0086
anievawoodgate@usatech.com
Source: USA Technologies, Inc.
BTW, I think the PPS just got played by some shorts.
Gains on light volume ... Price $8.75 / Day's Change 0.30 (3.55%)
Wondering if shorts will move in?
I guess this morning's Seeking Alpha article resonated with a few investors.
Price $8.35 / Day's Change 0.39 (4.90%) / Volume(Heavy Day) 252,679 August 21, 2020 3:02pm ET
When we retraced into the $3, I mistakenly didn't want to raise my cost basis which is $1.73.
I am probably making a mistake by not adding now.
I'm sort of taking the Missouri motto seriously ... "show me".
appreciated
I agree stock is undervalued. How much? $12/share minimum with uplisting
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USA Technologies, Inc. supplies cashless, remote management, reporting, and energy management solutions to the unattended point of sale market principally in the United States. The company?s network devices and associated services enable the owners and operators of distributed assets, such as vending machines, kiosks, personal computers, photocopiers, and laundry equipment the ability to monitor, control, and report on the results of the distributed assets, as well as the ability to offer the customers cashless payment options. Its products include Intelligent Vending, an e-Port connect solution for the vending industry; eSuds, a solution for the commercial laundry industry; Business Express, a suite of office equipment; and KIOSK that offers electronic payment option, and Web-based remote monitoring and management for all kiosk types. The company also manufactures and sells energy management products that reduce the electrical power consumption, including VendingMiser, CoolerMiser, VM2IQ and CM2IQ, SnackMiser, and PlugMiser. It primarily serves in the vending, kiosk, commercial laundry, and business center industry sectors. The company was founded in 1992 and is based in Malvern, Pennsylvania. |
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