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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.
Cantaloupe
Cantaloupe
Cantaloupe Revenue by Segment
Revenue by Segment
Equipment Sales Revenue
CapyFin.com 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Given the uncertainty surrounding the magnitude and duration of COVID-19 on our business, management has withdrawn its guidance and will not be issuing further guidance until the full impact of COVID-19 is better understood.