USA Technologies Inc (USAT)

[FUNMAN]

USAT Announces GAAP black third Q

Crazy thing about USAT, if they keep growing, they'll get bought out.


USA Technologies Announces Third Quarter Fiscal Year 2017 Results

http://usat.client.shareholder.com/releasedetail.cfm?ReleaseID=1025441

Achieved $100 Million Revenue Run-Rate, and 500,000 Connection Goals

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, 2017.

Third Quarter Financial Highlights:

Total quarterly record revenue of $26.5 million, a year-over-year increase of 30% marking the 30th consecutive quarter of growth
504,000 connections to ePort service, representing a year-over-year increase of 26%
Added 500 customers to achieve record 12,400 total customers compared to 10,750 as of a year ago, a year-over-year increase of 15%
Quarterly record license and transaction fee revenue of $17.5 million, a year-over-year increase of 19%
Operating income of $419,000
Ended the quarter with $17.8 million in cash
Quarterly GAAP net income of $136,000
Quarterly Non-GAAP net income of $345,000
Quarterly Adjusted EBITDA of $1.9 million