USAT USA Technologies, Inc. featured news, full reports, and detailed charts
USA Technologies, Inc. (USAT) Wrap Up:
USA Technologies, Inc. (the “Company”, “We” or “Our”) was incorporated in the Commonwealth of Pennsylvania in January 1992. The Company is a leading supplier of cashless, remote management, reporting and energy management solutions serving the unattended Point of Sale market. Our networked devices and associated services enable the owners and operators of everyday, stand-alone, distributed assets, such as vending machines, kiosks, personal computers, photocopiers, and laundry equipment, the ability to remotely monitor, control and report on the results of these distributed assets, as well as the ability to offer their customers cashless payment options. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f09%2f27%2f0001140361-07-018696.html#FIS_BUSINESS"USA Technologies Inc. (USAT:NASDAQ)
Snapshot of USA Technologies Inc. (USAT)
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OPEN
$1.73
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PREVIOUS CLOSE
$1.70
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DAY HIGH
$1.73
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DAY LOW
$1.57
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52 WEEK HIGH
01/14/09 - $3.32
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52 WEEK LOW
12/5/08 - $0.84
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MARKET CAP
36.4M
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AVERAGE VOLUME 3 mo
31.4K
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DILUTED EPS TTM
$-0.86
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SHARES OUTSTANDING
22.7M
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USAT Does Not Pay Dividends
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P/E TTM
NM
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related news
USAT Top Compensated Officers
Executives, Board Directors
Key developments for USA Technologies Inc. (USAT)
USA Technologies Inc. announced that Stephen W. McHugh resigned as a director of the Company effective October 19, 2009. Mr. McHugh had been a member of the Audit Committee of the Board of Directors. On October 19, 2009, the Board of Directors of the Company appointed Steven D. Barnhart and Jack E. Price to serve as directors of the Company. Mr. Barnhart was appointed to serve on the Audit Committee and Mr. Price was appointed to serve on the Compensation Committee. Mr. Barnhart was appointed to fill the vacancy resulting from Mr. McHugh's resignation, and Mr. Price was appointed to fill the vacancy resulting from the Board of Directors increasing the number of directors from seven to eight members. From 2007 until January 2009, Mr. Barnhart was the President and CEO of Orbitz Worldwide Inc. From 2007 through March 2009, Mr. Price was President and CEO of NovaRay Medical Inc. Effective October 19, 2009, the Board of Directors of the Company approved various amendments to the Company's Bylaws which became effective immediately. These amendments include increasing the number of individuals serving on the Board of Directors from seven to eight; providing that any shareholder nominations for directors or any shareholder business proposal must satisfy certain advance notice provisions in order to be considered at the annual meeting. Prior to the foregoing amendment, a shareholder could propose director nominees and certain business proposals at the annual meeting without providing any advance notice to the Company; providing that special shareholder meetings may only be called by the Chairman of the Board, Chief Executive Officer or Board of Directors, and that only such business shall be conducted at the special meeting as shall be contained in the Company's notice of such special meeting. Prior to the amendment, shareholders could call special meetings; if the purpose of a special meeting is to elect directors, providing that any shareholder nominations for directors must satisfy certain advance notice provisions in order to be considered at such special meeting. Prior to the amendment, a shareholder could propose director nominees at such special meeting without providing any advance notice to the Company; Classifying the Board of Directors into three classes. The initial term of each class of directors is as follows: Class I-until the first annual shareholders meeting following election; Class II-until the second annual shareholders meeting following election; and Class III-until the third annual shareholders meeting following election.
USA Technologies Inc., Annual General Meeting, Dec 15, 2009, at 10:00 US Eastern Time. Location: Chester Valley Golf Club, 430 Swedesford Road, Malvern, PA 19355,United States. Agenda: To elect eight individuals to serve as directors of the company; to act upon a proposal to ratify the appointment of McGladrey &Pullen, LLP as the independent registered public accounting firm of the company for fiscal year 2010; to act upon a proposal to approve the USA Technologies, Inc. 2010 stock incentive plan; and to transact such other business as may properly come before the annual meeting and any and all adjournments thereof .
USA Technologies Inc. announced the availability of enhanced ePort(R) Cashless transaction offerings for vending that include interoperability capability, and real-time DEX machine alerts intended to give operators maximum flexibility and value in USA Technologies' already comprehensive solution. The company's offerings now include solutions that conform to the vending industry's Vending Data Interchange (VDI) standard for cashless data interoperability between diverse machines. The enhanced offerings also include DEX alerts that notify vending operators and bottlers of maintenance, repair and restocking needs to ensure machines are fully operational all of the time. USA Technologies is unveiling the new offerings at the National Automatic Merchandising Association National Vending Expo (NAMA) where the company is showcasing its most diverse portfolio yet of new and updated technology, software, services and customer purchasing incentives.
USAT Competitors
| Company | Last | Change |
| Mac-Gray Corp | $8.07 USD | +0.01 |
| TNS Inc | $26.21 USD | -0.30 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | USAT | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.2x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 2.3x |
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USAT |
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USAT transactions
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| No transactions in the last 6 months. | ||
More Recent News About USA Technologies, Inc.
More news for USAT
USA Technologies Reports Full Year Fiscal 2009 Financial Results
 USA Technologies, Inc. Consolidated Balance Sheets    Year ended June 30 2009  2008  Assets Current assets: Cash and cash equivalents $ 6,748,262 $ 9,970,691 Accounts receivable, less allowance for uncollectible accounts of $42,000 and $215,000, respectively 1,468,052 3,483,666 Finance receivables 212,928 399,427 Inventory 1,671,22...Click here to read the whole Article (external link)
USA TECHNOLOGIES INC Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations USA Technologies, Inc. provides wireless networking, cashless transactions, asset monitoring and energy management products and services. The Company markets and sells its products and services principally to the vending, hospitality, retail and laundry industries. Our technology, e-Port® and ePort SDK™, can be installed and/or embedded into everyday devices such as vending machines, kiosks and copiers, as well as our eSuds™ technology for washer and dryers. Our associated network service, ePort Connect®, provides wireless connectivity that facilitates cashless transaction processing and remote monitoring of assets, through the collection of financial/sales and machine diagnostic data, which is made accessible to our customers via our USALive® website. In addition, the Company provides energy management products, such as its VendingMiser® and CoolerMiser™, which reduce energy consumption in vending machines and coolers. The Company generates revenue in multiple ways. The Company generates revenue through the sale of equipment and/or through the licensing of its technology. In addition, we generate recurring revenues through our associated services. The Company charges a monthly network service fee for each device that is connected to the Company's network. In addition, we charge a transaction processing fee for every cashless transaction we process. Since our energy management products are a stand-alone, non-networked device, we only generate revenue through the sale of equipment. CRITICAL ACCOUNTING POLICIES GENERAL The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates. We beli...Click here to read the whole Article (external link)
USA Technologies Surpasses $5M a Month in Processed Cashless Transactions
MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies, Inc. (NASDAQ: USAT - News), announced today an important company milestone in cashless transaction processing – surpassing $5 million in cashless micro-transactions processed through its network in a single month. The $5 million milestone was achieved for the month of September, with record 2,696,290 total micro-transactions processed.USA Technologies also reported that a survey of the 10,000 top performing ePort® cashless vending machines connected to its network had shown an average 54 percent increase in cashless sales over the past 12 months as compared to the prior 12 month period. Specifically, during this 12 month period, the annual cashless sales of these ePort equipped vending machines had grown from $1,992 to $3,071.“The $5 million processing milestone and 54 percent increase in cashless sales in the top performing vending machines confirm that consumers overwhelmingly prefer to use their credit and debit cards for every day purchases and are increasingly more comfortable using them at self-service retail outlets like vending machines,†said Stephen P. Herbert, President and COO, USA Technologies. “We believe that the accelerated adoption and the 54 percent increase in cashless sales year-over-year at the same machines is evidence of the effectiveness of USAT’s Deployment Planning consulting service that helps...Click here to read the whole Article (external link)
USA Technologies Appoints Steven D. Barnhart and Jack E. Price to Its Board of Directors
MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies (NASDAQ:USAT - News), a leading provider of technology-enabled solutions that facilitate payment transactions within the unattended Point of Sale (“POSâ€) market, has appointed Steven D. Barnhart and Jack E. Price to its Board of Directors, increasing the size of the Board to eight members. Stephen W. McHugh, a former Director, has resigned from the Board. Steven D. Barnhart has successfully led technology and consumer product companies through rapid growth and change. He is experienced in creating and executing strategies for both public and private equity backed companies. He has developed and executed growth strategies in online commerce, technology, consumer packaged goods and retail distribution. Most recently, Mr. Barnhart was CEO and President of Orbitz Worldwide, from 2007-2009, after holding other executive positions since 2003, when he joined the company. Prior to Orbitz Worldwide he worked for PepsiCo and the Pepsi Bottling Group from 1990-2003, where he was Finance Director for the Southeast Business Unit of the Pepsi Bottling Group, and also held other regional and strategic positions for PepsiCo and Frito-Lay. Mr. Barnhart has also been appointed to serve as a member of the Audit Committee of the Board of Directors of USA Technologies.Jack E. Price has had a successful record of building and growing businesses in Fortune 100 domes...Click here to read the whole Article (external link)
USA TECHNOLOGIES INC Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of Inc. or
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year (a) Effective October 19, 2009, the Board of Directors of the Company approved various amendments to the Company's Bylaws which became effective immediately. These amendments include the following: - increasing the number of individuals serving on the Board of Directors from seven to eight. - providing that any shareholder nominations for directors or any shareholder business proposal must satisfy certain advance notice provisions in order to be considered at the annual meeting.Prior to the foregoing amendment, a shareholder could propose director nominees and certain business proposals at the annual meeting without providing any advance notice to the Company. - providing that special shareholder meetings may only be called by the Chairman of the Board, Chief Executive Officer or Board of Directors, and that only such business shall be conducted at the special meeting as shall be contained in the Company's notice of such special meeting. Prior to the amendment, shareholders could call special meetings. - if the purpose of a special meeting is to elect directors, providing that any shareholder nominations for directors must satisfy certain advance notice provisions in order to be considered at such special meeting. Prior to the amendment, a shareholder could propose director nominees at such special meeting without providing any advance notice to the Company. - classifying the Board of Directors into three classes.The initial term of each class of directors is as follows: Class I - until the first annual shareholders meeting following election; Class II - until the second annual shareholders meeting following election; and Class III - until the third annual shareholders meeting following election. Following the initial term of each class of directors, each class of directors shall be elected until the third annual shareholders meeting following such election. Prior to the ...Click here to read the whole Article (external link)
USA Technologies, Inc. Reports First Quarter Fiscal 2010 Financial Results
 USA Technologies, Inc. Consolidated Balance Sheets    September 30, June 30, 2009 2009 Assets (Unaudited) Current assets: Cash and cash equivalents $ 16,690,469 $ 6,748,262 Accounts receivable, less allowance for uncollectible accounts of $59,000 and $42,000, respectively 1,541,307 1,468,052 Finance receivables 664,723 212,928 Inventory, net ...Click here to read the whole Article (external link)
USA TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements This Form 10-Q contains certain forward-looking statements regarding, among other things, the anticipated financial and operating results of the Company. For this purpose, forward-looking statements are any statements contained herein that are not statements of historical fact and include, but are not limited to, those preceded by or that include the words, "estimate," "could," "should," "would," "likely," "may," "will," "plan," "intend," "believes," "expects," "anticipates," "projected," or similar expressions. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward looking information is based on various factors and was derived using numerous assumptions. Important factors that could cause the Company's actual results to differ materially from those projected, include, for example: ? general economic, market or business conditions; ? the ability of the Company to generate sufficient sales to generate operating profits, or to sell products at a profit; ? the ability of the Company to raise funds in the future through sales of securities; ? whether the Company is able to enter into binding agreements with third parties to assist in product or network development; ? the ability of the Company to commercialize its developmental products, or if actually commercialized, to obtain commercial acceptance thereof; ? the ability of the Company to compete with its competitors to obtain market share; ? the ability of the Company to obtain sufficient funds through operations or otherwise to repay its debt obligations, or to fund development and marketing of it...Click here to read the whole Article (external link)
USA Technologies Issued 71st Patent
MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies (NASDAQ: USAT - News) announced today the issuance to it by the US Patent Office of a patent that covers the cashless wireless payment trends sweeping the vending industry. The patent for invention number 7,593,897 is for a wireless system for communicating cashless vending transaction data and vending machine audit data to remote locations.“This latest patent makes claims in connection with our technology that allows communications between point-to-point wirelesses, and wired WAN solutions, as well as wired solutions in vending machines nationwide,†said George R. Jensen, Chairman and CEO, USA Technologies. “It grows the number of our patents to 71, which adds confirmation to USA Technologies leadership in developing cashless technology for vending, kiosk and unattended point-of-sale terminals,†he said.The patent covers the technology in USAT’s ePort cashless payment system for accepting financial card identification data as payment for items vended, and an interactive interface, protocol, and support for interconnecting the system to a computing platform. It further covers the ePort technology to accept card ID data, authorizes the validity of the card, and executes and settles the transaction payment for the goods and services that are vended.The latest patent comes just a month after USAT was reissued a similar p...Click here to read the whole Article (external link)
USA TECHNOLOGIES INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)