Company Quick10K Filing
USA Technologies
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 54 $491
10-Q 2020-02-18 Quarter: 2019-12-31
10-Q 2019-11-12 Quarter: 2019-09-30
10-K 2019-10-09 Annual: 2019-06-30
10-Q 2019-10-09 Quarter: 2019-03-31
10-Q 2019-10-09 Quarter: 2018-12-31
10-Q 2019-10-09 Quarter: 2018-09-30
S-1 2018-05-09 Public Filing
10-Q 2018-05-10 Quarter: 2018-03-31
10-Q 2018-02-09 Quarter: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-K 2017-08-23 Annual: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-Q 2017-02-09 Quarter: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-K 2016-09-13 Annual: 2016-06-30
10-Q 2016-05-13 Quarter: 2016-03-31
10-Q 2016-02-12 Quarter: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-K 2015-09-30 Annual: 2015-06-30
10-Q 2015-05-15 Quarter: 2015-03-31
10-Q 2015-02-17 Quarter: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-K 2014-09-29 Annual: 2014-06-30
10-Q 2014-05-14 Quarter: 2014-03-31
10-Q 2014-02-12 Quarter: 2013-12-31
10-Q 2013-11-13 Quarter: 2013-09-30
10-K 2013-09-30 Annual: 2013-06-30
10-Q 2013-05-14 Quarter: 2013-03-31
10-Q 2013-02-13 Quarter: 2012-12-31
10-Q 2012-11-13 Quarter: 2012-09-30
10-K 2012-09-26 Annual: 2012-06-30
10-Q 2012-05-11 Quarter: 2012-03-31
10-Q 2012-02-08 Quarter: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-K 2011-09-27 Annual: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-Q 2011-01-20 Quarter: 2010-12-31
10-Q 2010-11-10 Quarter: 2010-09-30
10-K 2010-09-21 Annual: 2010-06-30
10-Q 2010-05-03 Quarter: 2010-03-31
10-Q 2010-02-11 Quarter: 2009-12-31
8-K 2020-02-14 Amendment
8-K 2020-01-31 Enter Agreement, Exhibits
8-K 2020-01-29
8-K 2019-11-22 Officers
8-K 2019-11-12 Earnings, Exhibits
8-K 2019-11-08 Officers, Amend Bylaw, Other Events, Exhibits
8-K 2019-11-08 Amend Bylaw, Other Events, Exhibits
8-K 2019-10-31 Enter Agreement, Leave Agreement, Off-BS Arrangement, Exhibits
8-K 2019-10-09 Earnings, Exhibits
8-K 2019-10-09 Enter Agreement, Sale of Shares, Other Events, Exhibits
8-K 2019-10-07 Amendment
8-K 2019-09-27 Enter Agreement, Exhibits
8-K 2019-09-20
8-K 2019-09-18 Enter Agreement, Exhibits
8-K 2019-09-06 Other Events
8-K 2019-08-30 Enter Agreement, Other Events, Exhibits
8-K 2019-07-10 Other Events
8-K 2019-06-27 Enter Agreement, Exhibits
8-K 2019-05-14 Officers, Exhibits
8-K 2019-05-09 Officers, Other Events, Exhibits
8-K 2019-04-17 Other Events, Exhibits
8-K 2019-04-05 Officers, Amend Bylaw, Other Events, Exhibits
8-K 2019-03-28 Officers, Exhibits
8-K 2019-03-27 Enter Agreement, Officers, Exhibits
8-K 2019-03-08 Accountant, Other Events
8-K 2019-02-26 Exhibits
8-K 2019-02-15 Enter Agreement, Exhibits
8-K 2019-02-01 Accountant, Amendment, Exhibits
8-K 2019-01-24 Officers, Other Events, Exhibits
8-K 2019-01-13 Officers, Other Events
8-K 2019-01-13 Officers, Other Events
8-K 2019-01-07 Officers
8-K 2018-12-31 Enter Agreement, Exhibits
8-K 2018-11-14 Enter Agreement, Exhibits
8-K 2018-10-02 Exhibits
8-K 2018-09-28 Enter Agreement, Other Events, Exhibits
8-K 2018-09-11 Other Events, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-04-26 Shareholder Vote
8-K 2018-04-14 Officers, Exhibits
8-K 2018-02-08 Earnings, Exhibits
8-K 2018-01-26 Other Events

USA Technologies Financials

USAT Metrics, Comps, Filings

Annual | Quarterly

Business

USA Technologies, Inc. (the "Company", "We", "USAT", or "Our") was incorporated in the Commonwealth of Pennsylvania in January 1992. We are a provider of technology-enabled solutions, including wireless networking, cashless transactions, asset monitoring and other value-added services that facilitate electronic payment transactions primarily within the unattended point of sale ("POS") market. We are a leading provider in the small ticket beverage and food vending industry in the United States and are expanding our solutions and services in other unattended market segments, such as amusement, commercial laundry, air/vac, car wash, kiosk and others. Since our founding, we have designed and marketed systems, devices and solutions that facilitate electronic payment options, as well as telemetry and services facilitated by the Internet of Things ("IoT"), which include the ability to remotely monitor, control, and report on the health and performance of distributed assets containing our electronic payment solutions. Historically, these distributed assets have relied on cash for payment in the form of coins or bills, whereas, our systems allow them to accept cashless payments such as through the use of credit or debit cards or other emerging contactless forms, such as mobile payment.

On November 9, 2017, we acquired Cantaloupe Systems, Inc. ("Cantaloupe"), a premier provider of cloud and mobile solutions for the self-service retail market, in a transaction valued at approximately $88 million, consisting of $65 million in cash and $23 million in shares of our common stock. The acquisition expanded our existing cashless payment and asset monitoring platform to an end-to-end logistics and enterprise platform by integrating Cantaloupe's Seed software services, which provide advanced operational analytics, dynamic route scheduling, automated pre-kitting, proactive malfunction management, responsive merchandising, inventory management, warehouse purchasing and accounting management. We believe that the services we obtained as a result of the acquisition are highly complementary, value-added cloud-based and mobile services, which we are now cross-selling to our existing customer base. As a result of the Cantaloupe acquisition, we acquired approximately 1,400 new customers and 270,000 new connections to our service.

We derive the majority of our revenues from license and transaction fees resulting from connections to, as well as services provided by, our ePort Connect service. These services include cashless payment, loyalty, inventory management, route logistics optimization, warehouse and accounting management, and responsive merchandising. Connections to the Company's service include those resulting from the sale or lease of our POS electronic payment devices, telemetry devices or certified payment software or the servicing of similar third-party installed POS terminals or telemetry devices. The majority of ePort Connect customers pay a monthly fee plus a blended transaction rate on the transaction dollar volume processed by the Company. Connections to the ePort Connect service, therefore, are the most significant driver of the Company's revenues, particularly revenues from license and transaction fees.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Grainger WW (GWW) 14,813,063 39% 11.2 14% 5,992,000 4,069,000 11,286,429 4,361,235 858,045 1,482,899 16,681,063
HD Supply Holdings (HDS) 6,783,067 39% 11.7 9% 4,756,000 3,325,000 6,175,000 2,419,000 416,000 755,000 8,838,067
NCR (NCR) 4,718,430 7% 9.7 2% 8,222,000 6,777,000 6,597,000 442,000 152,000 749,000 7,291,430
Miller Herman (MLHR) 2,257,696 36% 8.4 10% 1,569,300 829,500 2,567,200 929,900 160,800 284,600 2,380,396
Steelcase (SCS) 2,166,342 32% 8.1 6% 2,395,000 1,505,800 3,635,700 1,153,300 138,200 305,600 2,476,442
HNI (HNI) 1,497,819 37% 8.7 6% 1,442,109 912,925 2,214,694 819,452 89,103 201,328 1,755,535
Knoll (KNL) 1,083,160 38% 10.1 6% 1,333,500 925,100 1,382,462 519,026 84,565 151,285 1,531,260
Pitney Bowes (PBI) 820,045 12% 7.3 2% 5,757,987 5,705,015 3,509,177 420,621 142,976 454,197 3,320,054
Diebold Nixdorf (DBD) 677,664 21% 59.3 -13% 4,104,500 4,433,300 4,587,100 973,200 -518,400 43,700 2,591,964
B Riley Financial (RILY) 539,745 99% 11.3 1% 1,978,983 1,701,805 511,237 507,603 24,341 94,900 1,072,654
International Money Express (IMXI) 537,837 0% 12.9 1% 294,377 249,417 298,590 0 1,682 43,807 565,551
Resources Connection (RECN) 519,499 39% 8.8 7% 428,370 145,974 728,999 282,439 31,470 59,017 519,454
Ennis (EBF) 500,265 30% 7.0 10% 385,843 93,579 415,396 125,865 37,822 63,334 442,900
USA Technologies (USAT) 490,823 28% 174.7 -6% 191,393 75,482 128,244 35,866 -11,326 2,842 496,611
Par Technology (PAR) 456,973 18% -72.7 -17% 155,072 99,285 181,943 33,593 -26,705 -6,292 457,567
VirnetX (VHC) 421,465 0% -19.4 -229% 9,226 849 88 0 -21,089 -21,484 417,310
3PEA (TPNL) 397,965 53% 64.5 8% 54,043 41,329 29,180 15,348 4,054 5,408 349,076
ADDvantage (AEY) 16,060 22% -2.8 -12% 41,169 10,203 58,679 12,799 -4,779 -4,639 13,127

Balance Sheet ($'000)2012-06-302013-06-302014-06-302015-06-302016-06-302017-06-30
Cash6,4275,9819,07211,37419,27212,745
Accounts Receivable2,4422,6212,6844,6724,8997,193
Inventory2,5121,8241,4874,2162,0314,586
PP&E11,80027,49621,13912,8699,76512,111
Assets33,22036,57670,76473,83584,83397,691
Accounts Payable6,1367,3017,7549,24312,35416,054
Long-Term Debt7283704232,3322,2054,291
Liabilities11,56513,19717,02820,52429,80831,913
Stockholders' Equity21,65523,37953,73753,31155,02565,778
Income Statement ($'000)2012-06-302013-06-302014-06-302015-06-302016-06-302017-06-30
Revenue29,0175,8966,70714,44477,408104,093
Cost of Revenue19,056-8,201-8,36641,25555,42377,447
Gross Profit9,96114,09715,07316,82321,98526,646
R&D1,7689011,0181,4571,4001,400
SG&A15,46112,06914,03616,45122,37325,493
Tax-27,255289501335
Net Income-5,21185427,531-1,089-6,806-1,852
Cash Flow ($'000)2012-06-302013-06-302014-06-302015-06-302016-06-302017-06-30
Cash Operating786,0397,085-1,6986,468-6,771
Cash Investing-6,233-9,181-7,9173,353-5,772-3,693
Cash Financing-4102,6963,9236467,2023,937