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Mar 31, 2020
Cantaloupe Q3 2020 Earnings Report
USA Technologies reestablished a foundation for growth amidst a challenging economic environment.
Key Takeaways
USA Technologies reported a 14.3% increase in revenue year-over-year, driven by growth in both license and transaction fees and equipment revenue. The company reported a net loss of $9.6 million, or $0.15 per basic share, and a non-GAAP net loss of $7.0 million, or $0.11 per share.
Revenue increased by 14.3% year-over-year to $43.1 million.
License and transaction fee revenue increased by 10.9% year-over-year to $35.0 million.
Equipment revenue increased by 31.5% year-over-year to $8.1 million.
Net new connections of 34,000 bring total connections to 1,289,000.
Revenue by Segment
Forward Guidance
Given the uncertainty surrounding the magnitude and duration of COVID-19 on our business, management has withdrawn its guidance and will not be issuing further guidance until the full impact of COVID-19 is better understood.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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