USA Technologies Announces Fourth Quarter, Fiscal Year 2015 Results

    Sept. 11, 2015
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    MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies, Inc., a leader of wireless, cashless payment and M2M/IoT solutions for small-ticket, self-serve retailing industries, today reported results for the fourth quarter and fiscal year ended June 30, 2015.

    Fourth Quarter Financial Highlights:

    • Record net connections of 31,000 for a total on the service of 333,000
    • Record total revenue of $17.6 million, a year-over-year increase of 57%
    • Record license and transaction fee revenue of $11.9 million, a year-over-year increase of 26%
    • Free cashflow of $2.7 million*

    Fiscal 2015 Financial Highlights:

    • Record net connections of 67,000 for the year
    • Record total revenue of $58.1 million, a year-over-year increase of 37%
    • Year end cash position of $11.4 million.

    Full report.

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