USA Technologies Announces Fourth Quarter and Fiscal Year 2016 Results
finance.yahoo.com
Fourth Quarter Financial Highlights:
Total quarterly revenue of $21.9 million, a year-over-year increase of 24%
429,000 connections to ePort service, including 6,000 new connections attributable to the VendScreen acquisition which closed on January 15, 2016, representing a year-over-year increase of 29%
Record 11,050 customers compared to 9,600 as of a year ago, a year-over-year increase of 15%
Quarterly record license and transaction fee revenue of $15.3 million, a year-over-year increase of 28%
$1.3 million of cash provided by operating activities representing the sixth straight quarter of positive operating cash flow
Ended the quarter with $19.3 million in cash and cash equivalents
Quarterly GAAP net loss of $872 thousand, including the impact of a $432 thousand non-cash expense for the write-down of trademarks to net realizable value of zero and $258 thousand of non-recurring expenses related to the acquisition and integration of the VendScreen business
Quarterly Non-GAAP net loss of $1.4 million
Quarterly adjusted EBITDA of $0.6 million
Fourth Quarter Financial Highlights, Connections & Transaction Data:
Fiscal Year Financial Highlights:
Record total revenue of $77.4 million, a year-over-year increase of 33%
Record net connections of 96,000 for the year
Net loss for the fiscal year of 2016 was $6.8 million compared to a net loss of $1.1 million for the fiscal year of 2015. The net loss for the fiscal year reflected a $5.7 million non-cash charge for the change in the fair value of warrant liabilities
Non-GAAP net loss was $0.7 million for the 2016 fiscal year compared to non-GAAP net loss of $0.5 million for the 2015 fiscal year |
