USA Technologies

USA Technologies, Inc. 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.

Company Growth (employees)
Type
Public
HQ
Malvern, US
Founded
1992
Size (employees)
71 (est)
USA Technologies was founded in 1992 and is headquartered in Malvern, US

Key People 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

USA Technologies Data and Metrics

USA Technologies Financial Metrics

USA Technologies's revenue was reported to be $26.5 m in Q3, 2017
USD

Revenue (Q3, 2017)

26.5 m

Gross profit (Q3, 2017)

14.6 m

Gross profit margin (Q3, 2017), %

55%

Net income (Q3, 2017)

136 k

EBIT (Q3, 2017)

419 k

Market capitalization (15-Aug-2017)

211.7 m

Cash (31-Mar-2017)

17.8 m
USA Technologies's current market capitalization is $211.7 m.
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

Gross profit Margin, %

46%49%51%

General and administrative expense

14 m16.5 m22.4 m

Operating expense total

14.6 m17.1 m23.5 m

EBIT

436.3 k(240.3 k)(1.5 m)

EBIT margin, %

1%(0%)(2%)

Interest expense

(256.8 k)(301.8 k)(600 k)

Interest income

30.3 k82.7 k320 k

Net Income

27.5 m(1.1 m)(6.8 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

12.3 m12.8 m15.4 m16.6 m18.5 m20.4 m21.6 m21.8 m26.5 m

Cost of goods sold

7.3 m7.2 m7.2 m8.7 m9.1 m9.7 m11.2 m11.4 m11.9 m

Gross profit

5 m5.7 m8.2 m7.9 m9.4 m10.7 m10.3 m10.4 m14.6 m

Gross profit Margin, %

41%44%53%48%51%52%48%48%55%

General and administrative expense

3.6 m3.5 m4.3 m4.8 m4.8 m6.1 m6.9 m5.8 m5.9 m

Operating expense total

3.6 m3.5 m4.3 m4.8 m4.8 m6.1 m6.9 m5.8 m5.9 m

EBIT

(666.7 k)51.5 k731.4 k112 k594 k(595 k)(950 k)234 k419 k

EBIT margin, %

(5%)0%5%1%3%(3%)(4%)1%2%

Interest expense

(74.9 k)(49.4 k)(85.3 k)(119 k)(104 k)(180 k)(212 k)(201 k)(188 k)

Interest income

10.1 k4 k26.4 k51 k20 k67 k73 k200 k114 k

Pre tax profit

(5.5 m)233 k345 k

Income tax expense

(402.4 k)(154 k)(209 k)

Net Income

(61 k)(260.9 k)(566.6 k)360 k(874 k)(5.4 m)(2.5 m)233 k136 k
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

PP&E

21.1 m12.9 m9.8 m

Goodwill

7.7 m7.7 m11.7 m

Total Assets

70.8 m73.8 m84.8 m

Accounts Payable

7.8 m9.2 m12.4 m

Current Liabilities

15.2 m16.7 m28.2 m

Non-Current Liabilities

1.8 m3.8 m1.6 m

Total Liabilities

17 m20.5 m29.8 m

Retained Earnings

(173.6 m)(174.7 m)(181.5 m)

Total Equity

53.7 m53.3 m55 m

Financial Leverage

1.3 x1.4 x1.5 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

10.9 m6.7 m8.5 m11.6 m14.8 m14.9 m18.2 m18 m17.8 m

Inventories

2.6 m3.4 m4.2 m3.7 m2.8 m2.3 m4.3 m4.8 m4.1 m

Current Assets

17.6 m14.8 m18.2 m24.6 m28.3 m29.6 m35.4 m35.1 m34.6 m

PP&E

17.8 m16.5 m13.6 m11.9 m10.9 m10.6 m9.6 m9.4 m9.2 m

Goodwill

7.7 m7.7 m7.7 m11.7 m11.5 m11.5 m

Total Assets

71.5 m67.7 m70 m74.2 m75.6 m82.2 m87.1 m86.4 m89 m

Accounts Payable

7.6 m5.4 m5.2 m9.5 m7.9 m12 m8.7 m9.1 m11.5 m

Current Liabilities

15.5 m12.2 m12.5 m17.1 m18.4 m29.8 m21.4 m20.3 m22.7 m

Non-Current Liabilities

2.2 m1.8 m4.1 m3.1 m3.9 m2 m1.5 m1.4 m1.3 m

Retained Earnings

(173.7 m)(173.9 m)(174.5 m)(174.3 m)(175.2 m)(180.6 m)(184 m)(183.7 m)(183.6 m)

Total Equity

53.8 m53.7 m53.3 m54 m53.3 m50.4 m64.2 m64.6 m65 m

Financial Leverage

1.3 x1.3 x1.3 x1.4 x1.4 x1.6 x1.4 x1.3 x1.4 x
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

Accounts Receivable

(157.1 k)(2.5 m)(375 k)

Inventories

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

Accounts Payable

412.7 k918.8 k1.8 m

Cash From Operating Activities

7.1 m(1.7 m)6.5 m

Purchases of PP&E

(111.1 k)(60.3 k)

Cash From Investing Activities

(7.9 m)3.4 m(5.8 m)

Long-term Borrowings

(374.4 k)(358.6 k)(674 k)

Cash From Financing Activities

3.9 m645.9 k7.2 m

Interest Paid

259.8 k
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

(61 k)(260.9 k)(566.6 k)360 k(874 k)(5.4 m)(2.5 m)233 k136 k

Depreciation and Amortization

1.5 m1.4 m1.4 m1.4 m1.3 m1.2 m1.3 m1.3 m1.2 m

Accounts Receivable

80.1 k(363.4 k)(974.2 k)(713 k)(767 k)(1.9 m)(1 m)(1.3 m)(41 k)

Inventories

(1.1 m)(804.6 k)650.8 k219 k649 k250 k(2.2 m)(467 k)647 k

Accounts Payable

(121.3 k)(2.3 m)(150.6 k)(1 m)(1.6 m)4.2 m(3.7 m)397 k2.4 m

Cash From Operating Activities

(1.4 m)(3 m)65.3 k362 k507 k4.3 m

Purchases of PP&E

(31.5 k)(18.9 k)(3.9 k)(49 k)(33 k)

Cash From Investing Activities

3.3 m(7.7 k)15.5 k(45 k)(17 k)(5.8 m)(810 k)(1.1 m)(830 k)

Long-term Borrowings

(95.6 k)(72.9 k)(92.9 k)(128 k)(233 k)(151 k)(161 k)(213 k)(182 k)

Cash From Financing Activities

(95.6 k)(1.1 m)1.7 m(99 k)2.7 m1.5 m(272 k)

Interest Paid

79.2 k56 k67.1 k
USDY, 2017

Revenue/Employee

372.7 k

Financial Leverage

1.4 x

USA Technologies Operating Metrics

USA Technologies's Transactions' Volume was reported to be $202.5 m in Q1, 2017. USA Technologies's Connections was reported to be 504 k in Q1, 2017. USA Technologies's Customers was reported to be 12.4 k in Q1, 2017

    USA Technologies Market Value History

    USA Technologies Revenue Breakdown

    Traffic Overview of USA Technologies

    USA Technologies Online and Social Media Presence

    USA Technologies News and Updates

    Cashless transactions are fueling USA Technologies (USAT)

    This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Self-service payments provider USA Technologies (USAT) announced strong growth in its Q3 2016 earnings report this week. The firm now counts 11,0…

    USA Technologies Company Life and Culture

    You may also be interested in