USA Technologies is a payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. The Company's primary product is the ePort, a cashless payment terminal for vending machines, kiosks, and POS terminals. ePort Connect wirelessly facilitates electronic payment options to consumers (so that payment can be made with credit, debit, or NFC enabled electronic wallets like Apple Pay and Android Pay) while providing operators with both telemetry and machine-to-machine (M2M) services. ePort technology is primarily found in vending machines, kiosks and point-of-sale (POS) terminals, but the ePort Online and ePort Mobile products have extended the network to accept recurring payments from a PC or retail outlets and the taxi industry through smartphone devices. USA Technologies' services make available unattended credit card payment technology and networking of distributed assets in a variety of industries including vending, hospitality, commercial laundry and energy management.

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Type
Public
HQ
Malvern, US
Founded
1992
Size (employees)
91 (est)
USA Technologies was founded in 1992 and is headquartered in Malvern, US
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Key People/Management at USA Technologies

Stephen P. Herbert

Stephen P. Herbert

Chairman & CEO

USA Technologies Office Locations

USA Technologies has offices in Malvern and Portland
Malvern, US (HQ)
100 Deerfield Lane
Malvern, US
3103 Phoenixville Pike
Portland, US
215 1618 SW 1st Ave
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USA Technologies Financials and Metrics

USA Technologies Financials

USA Technologies's revenue was reported to be $77.41 m in FY, 2016 which is a 33.3% increase from the previous period.
USD

Revenue (Q3, 2018)

94 m

Gross profit (Q3, 2018)

50.3 m

Gross profit margin (Q3, 2018), %

53.5%

Net income (Q3, 2018)

(11.6 m)

EBIT (Q3, 2018)

(4.3 m)

Market capitalization (14-Jun-2018)

738 m

Closing share price (14-Jun-2018)

13.8

Cash (31-Mar-2018)

17.1 m
USA Technologies's current market capitalization is $738 m.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

42.3 m58.1 m77.4 m

Revenue growth, %

37%33%

Cost of goods sold

23 m29.4 m38.1 m

Gross profit

19.3 m28.6 m39.3 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

Revenue

10.1 m10.6 m10.4 m12.3 m12.8 m15.4 m16.6 m18.5 m20.4 m21.6 m21.8 m26.5 m94 m

Cost of goods sold

5.4 m5.5 m5.8 m7.3 m7.2 m7.2 m8.7 m9.1 m9.7 m11.2 m11.4 m11.9 m43.7 m

Gross profit

4.7 m5.1 m4.7 m5 m5.7 m8.2 m7.9 m9.4 m10.7 m10.3 m10.4 m14.6 m50.3 m

Gross profit Margin, %

47%48%45%41%44%53%48%51%52%48%48%55%53%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

9.1 m11.4 m19.3 m

Accounts Receivable

33.8 m434.4 m5.1 m

Inventories

363.4 k574.5 k987 k

Current Assets

14.6 m23 m33 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

Cash

5.8 m6.7 m6.6 m10.9 m6.7 m8.5 m11.6 m14.8 m14.9 m18.2 m18 m17.8 m17.1 m

Inventories

1.8 m1.7 m1.5 m2.6 m3.4 m4.2 m3.7 m2.8 m2.3 m4.3 m4.8 m4.1 m11 m

Current Assets

10 m10.9 m11.2 m17.6 m14.8 m18.2 m24.6 m28.3 m29.6 m35.4 m35.1 m34.6 m57.1 m

PP&E

18.1 m19.3 m20.8 m17.8 m16.5 m13.6 m11.9 m10.9 m10.6 m9.6 m9.4 m9.2 m12.2 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

27.5 m(1.1 m)(6.8 m)

Depreciation and Amortization

5.5 m5.7 m5.1 m

Inventories

(190.8 k)(304.2 k)(763 k)

Accounts Payable

412.7 k918.8 k1.8 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

Net Income

293.7 k409.2 k26.9 m(61 k)(260.9 k)(566.6 k)360 k(874 k)(5.4 m)(2.5 m)233 k136 k(11.6 m)

Depreciation and Amortization

1.2 m1.3 m1.4 m1.5 m1.4 m1.4 m1.4 m1.3 m1.2 m1.3 m1.3 m1.2 m5.9 m

Inventories

78 k45.9 k214.5 k(1.1 m)(804.6 k)650.8 k219 k649 k250 k(2.2 m)(467 k)647 k(5.6 m)

Accounts Payable

(1.2 m)(68.1 k)386.8 k(121.3 k)(2.3 m)(150.6 k)(1 m)(1.6 m)4.2 m(3.7 m)397 k2.4 m13.8 m
USDY, 2018

Financial Leverage

1.7 x
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USA Technologies Operating Metrics

USA Technologies's Connections was reported to be 504 k in Q1, 2017.
FY, 2014Q3, 2014Q4, 2014Q1, 2015Q2, 2015FY, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016FY, 2016Q3, 2016Q4, 2016Q1, 2017

Connections

266 k276 k288 k302 k333 k333 k349 k369 k401 k429 k429 k448 k469 k504 k

Net Customer Additions

2.25 k600 550 475 675 2.30 k675 350 125 300 1.45 k350 500 500

Net New Connections

52 k10 k12 k14 k31 k67 k16 k20 k32 k28 k96 k19 k21 k35 k

Patents (foreign)

13 13 15
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USA Technologies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Cantaloupe Systems (65)November 07, 2017$85 m
Vendscreen (14)January 25, 2016$5.60 m
Bayview Technology Group June 30, 2003$10 m
Stitch Networks Corp. May 13, 2002

USA Technologies Revenue Breakdown

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USA Technologies revenue breakdown by business segment: 26.9% from Equipment Sales and 73.1% from License and Transaction Fees

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USA Technologies Online and Social Media Presence

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