USAT $1.9 UP 7%....BIG EARNINGS TOMORROW MORNING....EXPONENTIAL PROFITABLE GROWTH...SEEKEING ALPHA PRO ARTICLE TARGET $6 IN 12 MONTHS....:)
USAT will report about $36 Million for FY 2013 on September 27, 2013.
Past Yearly Revenues:
- 2012.....$29.0 Million
- 2011.....$22.9 Million
- 2010.....$15.8 Million
Losses have decreased every year Tand will probably break even or be profitable FY for the first time. Exponential profitable growth is almost assured going forward
USA Technologies, Inc. provides wireless networking, cashless transactions, asset monitoring, and other value-added services principally to the small ticket unattended retail markets in the United States and internationally. The company principally provides ePort Connect, a service that facilitates electronic payment options, as well as telemetry and machine-to-machine (M2M) services to monitor, control, and report on the results of distributed assets containing electronic payment solutions.
The company's ePort Connect solution offers POS options, card processing, wireless connectivity, online sales reporting, M2M telemetry and DEX data transfer, over-the-air update, deployment planning, customer support, and value-added services.
The company's turnkey solution also includes ePort, a device that is used in self-service and unattended markets comprising vending, and kiosk, as well as facilitates cashless payments by capturing payment information and transmitting it to its network for authorization with the payment system.
ePort G series is NFC ready, while ePort Edge provides for magnetic swipe-only cashless payment. Its software versions include ePort SDK, ePort QuickConnect, and eSuds, a solution for the commercial laundry industry that enables laundry operators to provide customers cashless transactions via credit cards, debit cards, and other payment mediums, such as student IDs.
The company also manufactures and sells energy management products comprising VendingMiser and CoolerMiser, which reduce the electrical power consumption of equipment, such as refrigerated vending machines and glass front coolers.
“To date, growth in customers and connections to our ePort Connect service have delivered substantial improvements in our performance and our strengthened service model is delivering visible returns in terms of cash generation,” said Herbert. “In fiscal 2014, our priorities include delivering 25%-30% license and transaction fee revenue growth, 20-25% total revenue growth and over 50% growth in non-GAAP profitability"