USAT - USA Technologies, Inc.
| Previous Close | 6.40 |
| Open | 6.18 |
| Bid | 0.00 x 1100 |
| Ask | 0.00 x 47300 |
| Day's Range | 6.16 - 6.40 |
| 52 Week Range | 3.19 - 8.45 |
| Volume | 79,192 |
| Avg. Volume | 1,464,206 |
| Market Cap | 400.185M |
| Beta (3Y Monthly) | 1.51 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.65 |
| Earnings Date | Jul 29, 2019 - Aug 2, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 9.50 |
- American City Business Journals
Malvern fintech sets date for annual meeting after pressure from largest investor
The company has not held an annual meeting since April 2018 and is currently locked in a proxy war with an investor that owns 16% of its stock.
- Business Wire
Hudson Executive Announces Victory in Lawsuit Against USA Technologies to Restore Shareholders’ Rights
Hudson Executive Capital LP (“Hudson Executive” or “HEC”), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. (“USAT” or the “Company”) (USAT) with beneficial ownership of approximately 16.3% of common stock, today announced that the Court of Common Pleas of Chester County, Pennsylvania has ordered USAT to hold its annual meeting of shareholders no later than April 2020. USAT has not held an annual meeting of shareholders in nearly 19 months. The Court also ordered that USAT’s entire Board of Directors stand for election at the annual meeting and prohibited the Board from making any further amendments to the Company’s bylaws.
- Business Wire
USA Technologies' Maeve McKenna Duska to Speak at NAMA’s Coffee Tea and Water Show 2019
With more than 15 years of experience driving adoption and of payment and enterprise solutions in the unattended and self-serve retail industry in her role at USA Technologies, Maeve McKenna Duska will be participating on a panel of industry experts entitled “Trending in Convenience Services.” The panel will discuss trending technologies across various unattended industry channels and offer insights into those which they perceive to be the most relevant applications for convenience services.
- Business Wire
Hudson Executive Files Lawsuit Against USA Technologies to Restore Shareholders’ Rights
Hudson Executive Capital LP (“Hudson Executive” or “HEC”), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. (“USAT” or the “Company”) (USAT) with beneficial ownership of approximately 16.3% of common stock, today disclosed that HEC, through its affiliated fund HEC Master Fund LP, has filed a lawsuit with the Court of Common Pleas of Chester County, Pennsylvania to invalidate the Company’s recent Bylaw amendment (the “Retroactive Bylaw Amendment”) that deprives Hudson Executive, and every other USAT shareholder, of the right to call any special meeting at all before the next annual meeting of shareholders. USAT has not held an annual meeting of shareholders in nearly 19 months.
- ACCESSWIRE
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of USA Technologies, Inc. - USAT
NEW YORK, NY / ACCESSWIRE / November 15, 2019 / Pomerantz LLP is investigating claims on behalf of investors of USA Technologies, Inc. ("USA Technologies" or the "Company") (OTCMKTS:USAT). ...
- Thomson Reuters StreetEvents
Edited Transcript of USAT earnings conference call or presentation 12-Nov-19 1:30pm GMT
Q1 2020 USA Technologies Inc Earnings Call
- Business Wire
National Entertainment Network Expands Relationship with USA Technologies for Cashless Payments
The agreement provides for the deployment of USAT’s NFC-capable ePort Connect® cashless payment system on 5,000 of NEN’s game room entertainment and bulk confection vending machines over twelve months, subject to the terms and conditions of the agreement. 1,800 devices have already been shipped.
- GlobeNewswire
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of USA Technologies, Inc. - USAT
Pomerantz LLP is investigating claims on behalf of investors of USA Technologies, Inc. (“USA Technologies” or the “Company”) (USAT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether USA Technologies and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
- American City Business Journals
Malvern fintech's chairman steps down amid proxy fight
USA Technologies Chairman Albin F. Moschner is stepping down, the latest change at the Malvern financial technology company amid a proxy battle brought by its largest investor. Moschner, who the firm said is retiring, will be succeeded by interim CEO and fellow board member Donald W. Layden Jr. The news came on the same day that USA Technologies (NASDAQ: USAT), which focuses on cashless and mobile transactions in self-serve retail markets such as vending machines, announced a net loss of $12.9 million, or 22 cents per share, for the company’s fiscal year 2020 first quarter ending Sept. 30. Layden was named interim chief executive on Oct. 17 when CEO Stephen Herbert resigned three days after USAT’s largest investor, New York-based hedge fund Hudson Executive Capital, said it planned to take over the company’s board and seek to overhaul its management team and strategic direction.
- Business Wire
Donald W. Layden, Jr., Appointed Executive Chairman of the USA Technologies’ Board of Directors
USA Technologies, Inc. (USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that the USAT Board of Directors has appointed Donald W. Layden, Jr., Board member and Interim Chief Executive Officer, as Executive Chairman of the Board. In connection with this appointment, current Board member William J. Schoch has been appointed as the lead independent director of the Board.
- Business Wire
USA Technologies Reports First Quarter Fiscal Year 2020 Results
Revenue Growth of 25.7% Year-Over-Year
- Business Wire
USA Technologies Schedules First Quarter Fiscal Year 2020 Earnings Release and Conference Call
USA Technologies, Inc. (USAT) (“USAT” or the “Company”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that the company will report first quarter fiscal year 2020 financial results on November 12, 2019 before the opening of the financial markets. Management will host a conference call and webcast the event beginning at 8:30 a.m. Eastern Time on the same day. To participate in the conference call, please dial (866) 393-1608 approximately 10 minutes prior to the call.
- Business Wire
USA TECHNOLOGIES ALERT: Bragar Eagel & Squire, P.C. is Investigating USA Technologies, Inc. on Behalf of Stockholders and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against USA Technologies, Inc. on behalf of USA Technologies stockholders.
- Zacks
Newell Brands, The Mosaic Company, USA Technologies, Digital Turbine and NeoPhotonics highlighted as Zacks Bull and Bear of the Day
Newell Brands, The Mosaic Company, USA Technologies, Digital Turbine and NeoPhotonics highlighted as Zacks Bull and Bear of the Day
- Zacks
3 Cheap Tech Stocks Under $10 to Buy with Wall Street at New Highs
Today we found three stocks trading under $10 using our Zacks Stock Screener that fall into the broader 'technology' industry that investors might want to buy with Wall Street at new highs in November...
- Business Wire
USA Technologies Showcases Upgrades to Its Market-Leading Seed Delivery Software at NAMA’s Coffee Tea & Water Show
Today, USA Technologies, Inc. (USAT) a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced it will showcase upgrades to its Seed Delivery software, during NAMA’s Coffee Tea & Water Show (CTW) in Anaheim, California, November 18-20th. Through cloud-based technology, USAT’s Seed Delivery software enables office coffee delivery businesses to replace paper-based invoices with iPads, postage with email, and phone ordering with self-service Web ordering.
- American City Business Journals
Malvern fintech's largest shareholder unveils slate of board candidates in proxy battle
Owning more than 16% of the company's stock, the shareholder is mounting the proxy battle after a contentious period.
- Business Wire
Hudson Executive Names Eight Highly-Qualified Independent Director Candidates It Intends to Nominate to USA Technologies Board
Hudson Executive Capital LP (“Hudson Executive” or “HEC”), a New York-based investment firm and the largest shareholder of USA Technologies, Inc. (“USAT” or the “Company”) (USAT) with beneficial ownership of approximately 16.3% of common stock, today announced that it intends to nominate eight highly-qualified independent director candidates for election to the USA Technologies Board of Directors (“the Board”) at the Company’s next Annual Meeting of Shareholders, which is long overdue.
- Business Wire
USA Technologies Announces Results Reported by Automatic Food Services Following Implementation of the Seed™ Enterprise Optimization Platform
USA Technologies, Inc. (USAT) ("USAT"), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced the results reported by Automatic Food Services (AFS) following the successful installation of Seed Pro™, Seed Office™, and Seed Markets™.
- American City Business Journals
Investor pushes forward with proxy battle after resignation of CEO at USA Technologies
Calling it “long overdue,” the largest investor in USA Techologies Inc. said the resignation of CEO Stephen Herbert “does not absolve the board of its past failures.” In a statement, New York-based hedge fund Hudson Executive Capital said it is not backing off from the proxy battle it launched last week. Herbert resigned Oct. 17, three days after Hudson announced plans to nominate a slate of independent candidates to take over the company’s board, claiming it had “exhausted every reasonable means” to implement desired changes to the struggling fintech’s operations. Herbert was replaced immediately on an interim basis by board member Donald W. Layden, Jr. Malvern-based USA Technologies (NASDAQ: USAT), which focuses on cashless and mobile transactions in self-serve retail markets such as vending machines, said it intends to hire an executive search firm to find Herbert’s permanent successor.
- Barrons.com
Argo Group, Gamestop, and Verso
Voce Capital Management disclosed on Oct. 15 that it held 1,863,557 shares of the property and casualty insurer, equal to 5.4% of Argo’s outstanding stock. Its recommendations include the removal of the five longest-serving directors, the election of independent directors to at least partially fill the vacated seats, and the creation of a special committee that “will respond to the SEC subpoena” and conduct a “comprehensive investigation, with the assistance of an outside law firm, into any misappropriation of corporate assets,” along with any other misconduct.
