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Sep 30, 2020
Cantaloupe Q1 2021 Earnings Report
USA Technologies reported first quarter fiscal year 2021 results with sequential revenue growth.
Key Takeaways
USA Technologies reported a revenue of $36.9 million, a 13% increase compared to the previous quarter. The company's operating loss was $(3.6) million, and net loss applicable to common shares was $(6.9) million, or $(0.11) per basic share. They ended the quarter with $34.7 million in cash and cash equivalents.
Revenue increased by 13.0% sequentially, but decreased by 15.0% year over year.
License and transaction fee revenue was $33.1 million, a 4.3% decrease year-over-year, but an 18.9% increase versus the previous quarter.
Net new connections totaled approximately 15,000, bringing total connections to approximately 1,335,000.
The company generated $5.2 million in operating cash flow.
Cantaloupe
Cantaloupe
Cantaloupe Revenue by Segment
Revenue by Segment
Equipment Sales Revenue
CapyFin.com Forward Guidance
For the full fiscal year 2021, USA Technologies expects revenue to be between $170 million and $180 million, net loss applicable to common shares to be between $(14.1) million and $(11.1) million, and adjusted EBITDA to be between $2 million and $5 million.