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:
  • France's Elior Group To Acquire Massachusetts' Corporate Chefs
  • Tom Murn's Smart-Shelf 'Lisa' Vending Machine Enters Production In April
  • Everest Partners With Mercury Corp. On Ice Vending Machine
  • USA Technologies Issues Second-Quarter Fiscal-Year 2017 Results: Revenue Rises 18%
  • Maryland's Montgomery County Introduces Healthy Vending Bill

Copyright © 2017 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