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USA Technologies Inc (USAT.OQ)

USAT.OQ on NASDAQ Stock Exchange Global Market

5.26USD
18 Jan 2019
Change (% chg)

$0.14 (+2.73%)
Prev Close
$5.12
Open
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$5.01
Volume
250,609
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286,991
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$16.80
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Latest Key Developments (Source: Significant Developments)

USA Technologies Sends Open Letter To Shareholders Regarding Audit Committee Investigation
Monday, 14 Jan 2019 

Jan 14 (Reuters) - USA Technologies Inc ::USA TECHNOLOGIES SENDS OPEN LETTER TO SHAREHOLDERS REGARDING AUDIT COMMITTEE INVESTIGATION.USA TECHNOLOGIES - AS RESULT OF AUDIT COMMITTEE'S RECOMMENDATIONS, BOARD HAS DETERMINED TO SPLIT OF ROLES OF CHAIRMAN AND CEO.USA TECHNOLOGIES - AS RESULT OF AUDIT COMMITTEE'S RECOMMENDATIONS, BOARD DETERMINED TO IMPLEMENT A REORGANIZATION OF COMPANY'S SENIOR MANAGEMENT TEAM.USA TECHNOLOGIES INC - BOARD HAS DETERMINED TO IMPLEMENT REORGANIZATION OF COMPANY'S SENIOR MANAGEMENT TEAM..USA TECHNOLOGIES - STEPHEN HERBERT WILL CONTINUE TO SERVE AS CEO.USA TECHNOLOGIES INC - BOARD HAS DETERMINED TO CREATION OF A COMPLIANCE COMMITTEE OF BOARD OF DIRECTORS, HIRING OF A CHIEF COMPLIANCE OFFICER.USA TECHNOLOGIES - ALBIN MOSCHNER APPOINTED NON-EXECUTIVE CHAIRMAN.USA TECHNOLOGIES - NOMINATING & CORPORATE GOVERNANCE COMMITTEE TO COMMENCE A SEARCH TO IDENTIFY TWO ADDITIONAL INDEPENDENT DIRECTORS TO JOIN BOARD.USA TECHNOLOGIES INC - BOARD HAS DETERMINED TO IMPLEMENT MEASURES INCLUDING ADDITION OF A COO.USA TECHNOLOGIES - AUDIT COMMITTEE FOUND THAT CO HAD "PREMATURELY OR INAPPROPRIATELY" RECOGNIZED REVENUE FOR SOME TRANSACTIONS DURING 2017 & 2018.USA TECHNOLOGIES - AUDIT COMMITTEE INVESTIGATION FOUND SOME ITEMS THAT RECORDED AS EXPENSES MORE APPROPRIATELY TREATED AS CONTRA-REVENUE IN EARLIER FISCAL QTRS.USA TECHNOLOGIES INC - AUDIT COMMITTEE PROPOSED ADJUSTMENTS TO PREVIOUSLY REPORTED REVENUES ASSOCIATED WITH CERTAIN TRANSACTIONS.  Full Article

USA Technologies Entered Into New Consent Letter Relating To Co’S Existing Credit Agreement Dated Nov. 9, 2017-SEC Filing
Wednesday, 21 Nov 2018 

Nov 20 (Reuters) - USA Technologies Inc ::USA TECHNOLOGIES SAYS ON NOV. 15, ENTERED INTO NEW CONSENT LETTER RELATING TO CO’S EXISTING CREDIT AGREEMENT DATED NOVEMBER 9, 2017 - SEC FILING.USA TECHNOLOGIES - AGREEMENT EXTENDS UNTIL DEC 31, TIME PERIOD FOR DELIVERY TO LENDER OF FINANCIAL STATEMENTS FOR QUARTER ENDED SEPT 30 & FY ENDED JUNE 30.  Full Article

USA Technologies Announces Expanded Agreement With Jackson Brothers Of The South
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - USA Technologies Inc ::JACKSON BROTHERS OF THE SOUTH EXPANDS RELATIONSHIP WITH USA TECHNOLOGIES TO GO 100% CASHLESS.USA TECHNOLOGIES-UPGRADING ADDITIONAL 750 MACHINES; INCLUDED ARE 100 EPORT INTERACTIVES TO BE CONNECTED TO 100 SELECT JACKSON BROTHERS MACHINES​.  Full Article

USA Technologies reports Q1 loss per share of $0.01
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Usa Technologies Inc ::Announces first quarter fiscal year 2018 results.Q1 loss per share $0.01.Q1 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S.Qtrly ‍revenue of $25.6 million, a year-over-year increase of 19 percent​.Expects FY 2018 pro-forma combined revenue to be between $137 million to $142 million​.Sees ‍FY 2018 adjusted EBITDA to be between $12.5 million to $13.5 million​.Q1 revenue view $25.9 million -- Thomson Reuters I/B/E/S.Qtrly ‍net connections of 26,000, a year-over-year increase of 37 percent​.  Full Article

Usa technologies to acquire cantaloupe systems
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Usa Technologies Inc :USA Technologies to acquire Cantaloupe Systems.USA Technologies to acquire Cantaloupe Systems.USA Technologies Inc - ‍Transaction valued at approximately $85 million​.USA Technologies Inc - ‍USAT will pay $65 million cash and issue approximately $20 million in stock for acquisition​.USA Technologies Inc - ‍Company will also assume up to $1.8 million of cantaloupe's notes payable​.USA Technologies - ‍ After one-time acquisition and integration related expenses, company anticipates transaction to be accretive in fiscal 2018​.USA Technologies Inc - ‍announced that it has signed a definitive agreement to acquire Cantaloupe Systems Inc​.  Full Article