QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

Issue Date: Vol. 51, No. 12, December 2011, Posted On: 11/16/2011

USAT Q1 Revenue Climbs 51%

Emily Jed
vending, vending machine business, cashless vending, USA Technologies Inc., USAT first quarter, USAT JumpStart program, ePort Connect Service, wireless telemetry

MALVERN, PA -- USA Technologies Inc. said revenue increased 51% to $6.7 million from $4.4 million in the first quarter of 2011. Revenue from recurring license and transaction fees during the quarter, ended Sept. 30, increased 62% to $5.4 million from $3.3 million in the year-ago period.

It was an important quarter for the company as it narrowed its loss to $78,954 from a net loss of $1.9 million a year earlier.

During the quarter, the Malvern, PA, payments technology provider said it handled 25 million transactions, up 79% from 14 million transactions a year earlier. The dollar value of transactions processed grew 75% from to 42 million from $24 million in the 2010 first quarter.

Connections to USAT's ePort Connect Service increased 46% to 129,000 from 88,000 at the same point a year ago.

USAT has achieved several milestones over the past several months, including the signing of a joint marketing alliance with Verizon Wireless. It also expanded its JumpStart program to include standalone wireless telemetry.

Topic: Vending Features

  • Minute Key Chooses USA Technologies As Cashless Payments Provider For 3,400 Kiosks
  • Crane Co. Reports 2016 Q3 Results; Payment And Vending Sales Increase 9%
  • St. Petersburg, FL, Announces Vending Machine Policy Conforming To AHA Guidelines
  • Coca-Cola Amatil Tests Vending Machines Using Audio Technology As Authentication Mechanism
  • American Green Adds Commercial Facility For Aftermarket Pot Vending Machine Production Control

Copyright © 2016 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570