QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 51, No. 8, August 2011, Posted On: 7/28/2011


USAT Chief Hails Record Revenues, Milestones In Letter To Shareholders


Emily Jed
Emily@vendingtimes.net
vending, vending machine, vending machine company, cashless vending, letter to shareholders, USA Technologies, USAT, George Jensen,

MALVERN, PA -- In a letter to shareholders, USA Technologies chief executive George Jensen said that the cashless payment technology company achieved record revenues for the quarter ended June 30. He also reported unprecedented recurring revenues from license and transaction fees.

The company's unaudited total revenue for fiscal 2011 is approximately $22.9 million, an increase of 45% compared with $15.8 million a year earlier, the letter stated.

Unaudited fiscal year recurring revenue from license and transaction fees reportedly totaled $16.4 million, up 76% over $9.3 million a year ago.

Unaudited gross profit grew by 59%, totaling approximately $7.8 million for the fiscal year, up from $4.9 million a year earlier.

Read Jensen's letter to shareholders


Topic: Vending Features

Articles:
  • Feeling Squiffy? No Condom For You! Vending Machine Requires Patrons To Pass Breathalyzer
  • Father And Son Found Guilty In $11 Million Vending Machine Biz-Op Scheme
  • Can A Smart Card Compete With Smartphones As Payment System?
  • Locali Quick-Serve Chain Brings ‘Healthy’ Menu To Vending
  • PayRange Signs Up 1,000th Vending Operator

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