USA Technologies Announces Fourth Quarter and Fiscal Year 2015 Results
finance.yahoo.com
Record net connections of 31,000 for a total on the service of 333,000
Record total revenue of $17.6 million, a year-over-year increase of 57%
Record license and transaction fee revenue of $11.9 million, a year-over-year increase of 26%
Free cashflow of $2.7 million*
"Our leadership position in mobile and NFC payments, combined with our extensive experience with the self-service retail market, is fueling our growth and propels us toward achieving our long-term goals," said Stephen P. Herbert, USA Technologies' chairman and chief executive officer. "With Google's launch of Android Pay, and our collaboration with them, it is another validation of the broader market acceptance of the mobile payments technology we have championed for more than 10 years. With a record number of gross connections this quarter coupled with an increase in equipment sales, we ended the quarter with a year-over-year revenue increase of 57%. We continue to strengthen our balance sheet with the success of the QuickStart program which has increased our cash position significantly and are focused on expanding our presence with our current customers and developing a growing list of new customers." |
