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Usa Technologies Announces Second Quarter Fiscal 2015 Results - Yahoo Finance

Under the agreement, the leasing company may buy USATs cashless ePort hardware and, in turn, lease the equipment directly to USAT's (visit site) customers. Historically, USAT has utilized its own cash resources in connection with the QuickStart Program. We http://berryvtbm.centerblog.net believe that the self-serve retail industry is in the midst of a significant transition toward the cashless and mobile solutions we pioneered and have been investing in for more than a decade," said Stephen P. Herbert,USA Technologieschairman and chief executive officer. If successful, our third party leasing program for the QuickStart Program would result in improved cash flows from operations and benefit the balance sheet. As our products and services increasingly gain traction, we continue to drive recurring revenue and the fundamentals of our business. GAAP operating income for the second quarter of fiscal 2015 was approximately $50 thousandcompared with GAAP operating income of$0.5 millionin the prior corresponding quarter. For the second quarter of fiscal 2015, Adjusted EBITDA was$1.7 millioncompared with$1.9 millionfor the second quarter of fiscal 2014. GAAP net loss for the second quarter of fiscal 2015 was approximately$0.3 million, or $(0.01) per share,compared with GAAP net income of$0.4 million, or $0.01 per share,for the second quarter of fiscal 2014. On a non-GAAP basis, net loss was approximately zero, or$(0.00)per share, for the second quarter of fiscal 2015, compared to net income of$0.4 million, or $0.01per share, for the second quarter of fiscal 2014.
More: http://finance.yahoo.com/news/usa-technologies-announces-second-quarter-113000298.html

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