We are now predicting to be on a $1 billion annual run rate for transaction processing by the end of the first quarter.. For the year, we saw transactions amount to more than $800 million, representing growth of 37% from 2016.. Fourth quarter revenue was $34 3 million, of which $18 7 million was L&T and $15. Q4 2017 USA Technologies Inc Earnings Call Malvern Aug 23, 2017 (Thomson StreetEvents) -- Edited Transcript of USA Technologies Inc earnings conference call or presentation Tuesday, August 22, 2017 at 12:30:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Monica Gould * Priyanka Singh USA Technologies, Inc.. Adjusted EBITDA increased both in the fourth quarter and for the full year As a reminder, our dual goal is to drive both increasing profitability and top line growth in this dynamic and growing industry.. 6 million was equipment The fourth quarter marked the 31st consecutive quarter of year-over-year revenue growth, and the top line rose 56% from a year ago.. Our service, ePort Connect, is being utilized by consumers at an increasing rate. Again, going forward, we believe that cashless capability will be a de facto item on any RF pay for unattended vendor. Java Installation Files
Now I'd like to turn to some of our recent business highlights One transaction we announced in the fourth quarter demonstrated the success of the VendScreen acquisition we completed in January 2016, which we built into our ePort Interactive offering.. And, at some point, during the not so distant future, we believe that in order for an operator to be competitive in securing locations, cashless acceptance will be a must-have item in addressing any competitive situation or RF pay.. From a profitability perspective, consistent with our prior commentary, we leveraged operating expenses in 2017 reducing them as a percent of total revenue to drive more dollars to the bottom line.. For the year, total revenue grew to $104 million, a 35% increase from last year.. By now, it's a familiar refrain whereby a number of our customers have chosen to equip 100% of their locations with cashless acceptance.. Joining our roster this quarter were 300 new customers, bringing our total customer count to 12,700.. - CFO * Stephen P Herbert USA Technologies, Inc We believe other large industry operators are witnessing this transition.. We are seeing these connections convert to revenue, first in equipment sales, then to the recurring license and transaction line, both of which hit new highs.. Our premium services offering helps them to project manage the roll-out, making it even more compelling to do so.. Of course, as we demonstrate our value to our current customers, they see the returns to be gained by going 100%. e828bfe731
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