OverviewSuggest Edit

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.

TypePublic
Founded1992
HQMalvern, US
Websiteusatech.com
Employee Ratings2.4

Latest Updates

Employees (est.) (Jun 2019)118(+30%)
Revenue (FY, 2019)$143.8 M(+39%)
Share Price (Aug 2020)$7.2
Cybersecurity ratingAMore

Key People/Management at USA Technologies

Jim Pollock

Jim Pollock

Chief Compliance Officer

USA Technologies Office Locations

USA Technologies has offices in Malvern, Denver, Metairie, Portland and in 1 other location
Malvern, US (HQ)
100 Deerfield Ln #140
Denver, US
1550 Wynkoop St #2r
Malvern, US
3103 Phoenixville Pike
Metairie, US
3900 N Causeway Blvd #925
Portland, US
1618 SW 1st Ave #215
Albion, AU
6 Gartrell St
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USA Technologies Financials and Metrics

USA Technologies Revenue

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USA Technologies's revenue was reported to be $143.80 m in FY, 2019
USD

Revenue (Q3, 2020)

43.1m

Gross profit (Q3, 2020)

11.0m

Gross profit margin (Q3, 2020), %

25.5%

Net income (Q3, 2020)

(9.3m)

EBIT (Q3, 2020)

(10.2m)

Market capitalization (11-Aug-2020)

462.6m

Closing stock price (11-Aug-2020)

7.2

Cash (31-Mar-2020)

25.9m

EV

454.4m
USA Technologies's current market capitalization is $462.6 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019

Revenue

29.0m35.9m42.3m58.1m77.4m104.1m143.8m

Revenue growth, %

37%33%

Cost of goods sold

3.7m3.6m4.3m41.3m55.4m77.4m105.7m

Gross profit

25.3m32.3m38.1m16.8m22.0m26.6m38.1m
Quarterly
USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

6.9m7.5m8.4m8.9m9.0m10.1m10.6m10.4m12.3m12.8m15.4m16.6m18.5m20.4m21.6m21.8m26.5m25.6m32.5m35.8m33.5m34.4m37.6m43.4m44.1m43.1m

Cost of goods sold

959.9k982.0k1.1m920.9k774.2k1.1m1.2m660.4k1.9m1.9m3.1m11.6m13.0m14.7m11.2m15.4m11.9m18.4m23.3m16.0m23.4m27.9m31.9m31.3m32.1m

Gross profit

5.9m6.5m7.3m8.0m8.2m9.0m9.3m9.8m10.4m10.9m12.3m5.0m5.5m5.7m10.3m6.3m14.6m7.2m9.2m19.8m10.1m9.8m11.4m12.8m11.0m

Gross profit Margin, %

86%87%87%90%91%89%88%94%85%85%80%30%30%28%48%29%55%28%28%55%30%26%26%29%26%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019

Cash

6.4m6.0m9.1m11.4m19.3m12.7m27.5m

Accounts Receivable

2.4m2.6m33.8m434.4m5.1m7.2m21.7m

Prepaid Expenses

555.8k184.3k968.0k1.6m

Inventories

2.5m1.8m363.4k574.5k987.0k4.6m10.9m
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2019

Net Income

(5.2m)854.1k27.5m(1.1m)(6.8m)(1.9m)(32.0m)

Depreciation and Amortization

1.5m1.3m5.5m5.7m5.1m5.6m8.0m

Inventories

158.6k716.5k(190.8k)(304.2k)(763.0k)(2.4m)(5.2m)

Accounts Payable

498.1k1.2m412.7k918.8k1.8m4.4m873.0k
USDQ2, 2012

Financial Leverage

1.3 x
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USA Technologies Operating Metrics

USA Technologies's Customers was reported to be 12.4 k in Q1, 2017. USA Technologies's Connections was reported to be 504 k in Q1, 2017.
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USA Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
Cantaloupe SystemsNovember 07, 2017$85 m
VendscreenJanuary 25, 2016$5.60 m
Bayview Technology GroupJune 30, 2003$10 m
Stitch Networks Corp.May 13, 2002

USA Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

USA Technologies Revenue Breakdown

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

USA Technologies Online and Social Media Presence

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USA Technologies News and Updates

USA Technologies Shareholder Kurt King Issues Letter to Board of Directors, Calling Out Egregious Corporate Governance Actions in Advance of Annual Meeting on April 30

NEW YORK, March 6, 2020 /PRNewswire/ -- The following letter was issued to the board of directors of USA Technologies by shareholder Kurt King, calling out egregious corporate governance actions in advance of the company's annual meeting on April 30. March 6, 2020 Board of Directors USA...

USA Technologies names Donald Layden CEO

USA Technologies, Inc. (OTC:USAT) ("USAT" or the "Company"), a cashless payments and software servic...

USA Technologies snags $50 mln financing from Antara

Antara Capital Master Fund LP is provided $50 million in financing to USA Technologies Inc. The deal includes $20 million in equity financing and $30 million senior secured debt. USA Technologies is a cashless payments and software services company for the self-service retail market.

USA Technologies, Inc. Announces Nasdaq Hearing Panel Grants Extension to Regain Compliance

The Panel granted the Company until September 9, 2019 in order to file with the Securities and Exchange Commission (the “SEC”) its Annual Report on Form 10-K for the fiscal year ended June 30, 2018, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, its Quarterly Report on F…

USA Technologies, Inc. Appoints Three New Independent Directors

With the addition of these three new independent directors, the Board will expand from seven to ten directors.read more

USA Technologies to bolster corporate governance after probe uncovers accounting issues

Payment technology provider USA Technologies Inc. laid out a series of measures it plans to take to strengthen its corporate governance, after an audit committee investigation uncovered accounting issues. The committee found that certain transactions conducted in fiscal 2017 and fiscal 2018 had pre…
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USA Technologies Blogs

USA Technologies Names Sean Feeney as Chief Executive Officer

MALVERN, Pa. --(BUSINESS WIRE)--May 11, 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 its board of directors has named Sean

USA Technologies Announces Postponement of Annual Meeting to May 21, 2020

MALVERN, Pa. --(BUSINESS WIRE)--Apr. 29, 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 the 2020 annual meeting of

USA Technologies Appoints Douglas Bergeron Chairman

Retains Korn Ferry to Conduct Search for New Chief Executive Officer Redeems Shareholder Rights Plan MALVERN, Pa. --(BUSINESS WIRE)--Apr. 27, 2020-- USA Technologies, Inc. (OTC:USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides end-to-end technology

USA Technologies Announces Agreement With Hudson Executive Capital

Company Will Welcome Eight New Independent Directors MALVERN, Pa. --(BUSINESS WIRE)--Apr. 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, today

USA Technologies Announces the Release of Maps in Scheduling for Seed

Added Feature Enables Enhanced Visualization for New Locations and Insight into Which Routes to Consolidate MALVERN, Pa. --(BUSINESS WIRE)--Apr. 22, 2020-- USA Technologies, Inc. (OTC: USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions

USA Technologies to Hold Virtual-Only 2020 Annual Meeting of Shareholders

MALVERN, Pa. --(BUSINESS WIRE)--Apr. 13, 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 due to the public health impact of
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USA Technologies Frequently Asked Questions

  • When was USA Technologies founded?

    USA Technologies was founded in 1992.

  • Who are USA Technologies key executives?

    USA Technologies's key executives are Jim Pollock.

  • How many employees does USA Technologies have?

    USA Technologies has 118 employees.

  • What is USA Technologies revenue?

    Latest USA Technologies annual revenue is $143.8 m.

  • What is USA Technologies revenue per employee?

    Latest USA Technologies revenue per employee is $1.2 m.

  • Who are USA Technologies competitors?

    Competitors of USA Technologies include Net Element, Gane and Flywallet.

  • Where is USA Technologies headquarters?

    USA Technologies headquarters is located at 100 Deerfield Ln #140, Malvern.

  • Where are USA Technologies offices?

    USA Technologies has offices in Malvern, Denver, Metairie, Portland and in 1 other location.

  • How many offices does USA Technologies have?

    USA Technologies has 6 offices.