USA Technologies Inc (USAT)

[blue_skies]

First Quarter Fiscal 2020 Financial Highlights:

Revenue of $42.1 million, increased 25.7% year-over-year
License and transaction fee revenue of $33.8 million, increased 16.8% year-over-year
Equipment revenue of $8.3 million, increased 82.7% year-over-year
Net new connections of 46,000 bring total connections to 1,215,000
Gross margins of 23.9% decreased from 30.2% in the prior year period
License and transaction gross margin of 36.0%, flat compared to the prior year period
Equipment gross margin of (25.7)% decreased from (7.0)% in the prior year period


https://seekingalpha.com/pr/17695072-usa-technologies-reports-first-quarter-fiscal-year-2020-results