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Microcap & Penny Stocks : USA Technologies

USAT 10.56

-0.2%

Oct 30 4:00 PM EDT

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From: JakeStraw	11/13/2015 9:52:00 AM
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USA Technologies Announces First Quarter Fiscal Year 2016 Results finance.yahoo.com Total revenue of $16.6 million, a year-over-year increase of 35% 349,000 connections to ePort service, a year-over-year increase of 26% Record 10,275 customers compared to 7,900 in the same quarter last year Record license and transaction fee revenue of $12.9 million, a year-over-year increase of 27% License and transaction fees gross margins increased to 33% from 29% in the prior year Equipment gross margins increased to 23% from 11% in the prior year Adjusted EBITDA of $1.7 million, a year-over-year increase of 85% Achieved positive free cash flow* for third straight quarter fueled by success in the companys QuickStart third-party leasing program

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