USA Technologies Inc. Announces Preliminary Financial Results for the Second Quarter Ended December 31, 2012; Provides Earnings Guidance for the Full Year of Fiscal 2013
January 08, 2013 at 07:30 am
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USA Technologies Inc. announced preliminary financial results for the second quarter ended December 31, 2012. For the period, the company expected total revenues to be in the range of $8.8 million to $8.9 million, reflecting an approximate increase of 29% compared to the same period in the prior year. Recurring revenues expected to be approximately 83% of total revenues for the second quarter. Recurring revenues are comprised primarily of ePort Connect(R) license fees and transaction processing fees per connection. The company expected to achieve non-GAAP net income for the second fiscal quarter ended December 31, 2012.
The company also reported it is expected to achieve non-GAAP net income for the full fiscal year of fiscal 2013.
Cantaloupe, Inc. is a global technology company. Its vertically integrated solutions fuel growth by offering micro-payments processing, enterprise cloud software, IoT technology, as well as kiosk and POS innovations. It offers a variety of solutions for self-service commerce, which enable the acceptance of digital payments and allow its customers to simplify inventory, analytics, warehouse, logistics, and back-office management. Its hardware includes Cantaloupe card readers, the Companyâs integrated payment device, as well as Cantaloupe Go POS kiosks, the Companyâs range of POS terminals, which are both deployed in self-service, applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others. Its Cantaloupe Go product line provides a variety of self-checkout kiosks. Its solutions are used by a variety of consumer services in North America, Latin America, Europe, and Australia, including vending machines, laundromats and others.
USA Technologies Inc. Announces Preliminary Financial Results for the Second Quarter Ended December 31, 2012; Provides Earnings Guidance for the Full Year of Fiscal 2013
CANTALOUPE, INC. 
