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USA Technologies, Inc (Nasdaq: USAT) will host a webcast and conference call on May 6, 2021, at 4:30 PM ET to discuss its third-quarter fiscal results. A press release with the financial highlights will be issued at 4:00 PM ET the same day. Participants can join the call by dialing +1 (866) 393-1608 for domestic or +1 (224) 357-2194 for international callers, using conference ID #4396162. A live webcast will also be available on the company’s investor relations website. The replay will be accessible until May 9, 2021.
USA Technologies, Inc. (NASDAQ: USAT) has launched a new eCommerce integration that connects online ordering sites with vending management systems (VMS) in collaboration with partners Supply Wizards and Tech 2 Success. This integration automates data imports related to purchases, enhancing features in Seed Delivery for inventory management and reporting. Key benefits include streamlined ordering, reduced manual processing, and improved customer engagement through upselling. The solution aims to optimize operations for operators in the office coffee service and pantry services sectors.
USA Technologies, Inc. (NASDAQ: USAT) has announced its 2021 Annual Meeting of Shareholders scheduled for May 13, 2021, at 11 a.m. EDT. Shareholders of record as of March 15, 2021, are entitled to vote and submit questions electronically during the virtual meeting. The company specializes in software and payment solutions for the unattended retail market, aiming to enhance consumer engagement and sales revenue through its integrated technology solutions.
USA Technologies (NASDAQ: USAT) announces the launch of Seed Cashless+, a cutting-edge solution for the unattended retail market, tailored for small and medium businesses (SMBs) with under 400 devices. This enhanced platform offers real-time data analytics for operational efficiency, including scheduling and inventory management. Key features include QuickPicks, real-time alerts, and mobile access through the Seed Mobile app. Pricing starts at $3 per device monthly for new customers, while existing customers can upgrade for an additional $1 per device.
USA Technologies (NASDAQ: USAT) has agreed to sell 5,730,000 shares of common stock in a private placement to institutional investors. The offering is expected to generate approximately $55 million, at a price of $9.60 per share, approximately 10% below the recent 5-day average stock price. Closing is anticipated on March 1, 2021, subject to customary conditions. Proceeds will be used for general corporate purposes. The securities are sold privately and will require a resale registration with the SEC. J.P. Morgan is the lead placement agent.
USA Technologies (NASDAQ: USAT) has launched a new episode of its podcast, “UR Tech Insiders,” featuring Danielle Bataglia from Discover, focusing on EMV technology for unattended retail. Bataglia emphasizes the importance of EMV for enhancing payment security and reducing fraud. Despite global adoption, many businesses have yet to transition to EMV payments. The podcast aims to educate merchants on the benefits and effectiveness of EMV contactless solutions. Key topics include the advantages of EMV over magnetic stripe and the growth of contactless transactions in the U.S.
USA Technologies reported its fiscal Q2 2021 results, showing a 3.8% revenue increase from the prior quarter to $38.3 million, but a 13.1% decrease year-over-year. Despite a 28% reduction in operating expenses compared to Q2 2020, the company recorded an operating loss of $(2.6) million, an improvement from $(7.8) million last year. Adjusted EBITDA was $1.0 million, up from a $(0.9) million loss. The company revised its FY2021 revenue guidance to $163-$171 million, down from $170-$180 million, citing ongoing pandemic challenges.
USA Technologies (NASDAQ: USAT) announces the issuance of patent US10,861,276B1, titled “Method and System of Personal Vending,” aimed at enhancing consumer experiences in unattended retail. Developed by Chief Revenue Officer Anant Agrawal, the patent focuses on integrating mobile applications to streamline the shopping process. CEO Sean Feeney highlighted the company's commitment to leading innovations in cashless payments and logistics, enhancing consumer engagement in the unattended retail sector. This patent expands USAT’s intellectual property portfolio and aligns with its goal of modernizing retail experiences.
USA Technologies, Inc. (Nasdaq:USAT) will host a webcast and conference call on February 4, 2021, at 4:30 p.m. ET to discuss its financial results for Q2 of fiscal 2021. A press release with the financial details will be issued at approximately 4:00 p.m. ET the same day. Interested participants can join by calling +1 (866) 393-1608 for domestic and +1 (224) 357-2194 for international attendees. A live webcast will also be available on their investor relations website.
