In-Depth Analysis of USA Technologies

USA Technologies'

innovation in the areas of cashless transactions unattended for point-of-sale, networked services and energy conservation solutions have made it an interesting investment opportunity. Thanks to its ePort Connect service and ePort hardware, owners and operators of coffee brewers, vending machines, kiosks and other self-serve appliances can wirelessly network these assets online. The ePort solutions allow vendors to accept credit card payments and pre-paid cards. Not only that, but the company's EnergyMiser products reduce the amount of power used by the appliances. These innovations have led to USAT being considered leaders of an emerging field. That success is being reflected in the market, with revenues showing 59.53 percent growth over the last quarter, and 37.46 percent over the last year. USAT has also seen its price change increase 140.77 percent in three months and 131.77 percent in a year. During mid-March, USAT announced a securities purchase agreement with institutional investors to purchase $10.7 million of common stock in a private placement. USA Technologies sold an aggregate of 5,200,000 shares of common stock at $2.064 per share, as well as warrants to purchase up to 3,900,000 additional shares in the aggregate of its common stock. Net proceeds from the sale were approximately $9.9 million. The sole placement agent for the deal was Chardan Capital Markets. USAT announced that capital from the deal would be allocated to its JumpStart program, to provide sustained growth. JumpStart enables a business owner to choose from the one-piece, easy-to-install credit or debit processing device the ePort Edge, or the two-piece reader and controller the ePort G8. With that sort of smart reinvestment in itself and some of the most exciting and marketable technology currently emerging, USA Technologies are showing no signs of slowing down and should be a consideration for investment for some time to come. In 52 weeks, shares in USAT have risen from $0.46 to $2.75. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.