USA Technologies Announces Fourth Quarter & Full Year Fiscal 2014 Results
finance.yahoo.com
Record 25,000 Gross Connections Added in Q4, 39% Y/Y Increase
266,000 Total Connections at Year End, 24% Y/Y Increase
Herbert concluded, “With record new connections in fiscal 2014, a robust pipeline, and a set of ongoing sales and product initiatives, we’re entering the new fiscal year with good momentum. In addition, in fiscal 2015 we expect to recognize approximately $5.5 million in incremental revenue as billing grace periods granted in fiscal 2014 begin to expire. With 70% of our installed base, or approximately 150,000 locations, NFC-enabled (near field communications), we are perfectly aligned with the latest developments in NFC/mobile payment such as ApplePay. These positives, we believe, collectively position USA Technologies for strong growth and strengthening of our leading market position as adoption for cashless payment in the self-serve retail market continues to accelerate.” |
