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January 10, 2014
07:07 EDTUSATS.A.V.E. Partners urges USA Technologies to 'evaluate all alternatives'
USA Technologies said that its board of directors has received a letter from S.A.V.E. Partners stating that S.A.V.E. believes that USA Technologies should immediately commence a process to explore and evaluate all potential strategic alternatives, including exploring a sale. The letter was also included by S.A.V.E. as an exhibit to a publicly filed amendment to its Schedule 13D. Stephen Herbert, USA Technologies’ chairman and CEO said “I want to assure all of our shareholders, including S.A.V.E., that we fully recognize the market dynamics in which our company operates, and that our board of directors has appropriately explored, and continues to appropriately explore, any and all potential strategic alternatives in order to maximize shareholder value.”
News For USAT From The Last 14 Days
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October 8, 2015
07:38 EDTUSATUSA Technologies signs five-year exclusive agreement with Wilmore Snack Sales
USA Technologies announced that it has inked a new five-year, strategic agreement for its ePort Connect suite of cashless payment solutions and services with Wilmore Snack Sales, a Canteen franchise located near Shreveport, La. The agreement provides for the purchase of 2,000 new ePort devices, which are expected to be deployed during the company's current fiscal year, and includes hardware, deployment support, co-marketing and installation assistance.
October 1, 2015
07:20 EDTUSATUSA Technologies shares attractive after pullback, says Rodman & Renshaw
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07:04 EDTUSATUSA Technologies reaffirms FY16 revenue view $69M-$71M, consensus $69.7M
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07:02 EDTUSATUSA Technologies takes $270,000 after-tax charge after upping bad debt reserve
In a regulatory filing, USA Technologies disclosed that the company filed its Form 10-K for the fiscal year ended June 30, 2015. Subsequent to the issuance of the September 10 earnings press release, the company increased its bad debt reserve in the amount of $450,000 resulting in an after-tax charge of $270,000 relating to a large number of small balance customer accounts receivable that may be uncollectible and were not appropriately dispositioned, collected, remediated, reserved for and/or written-off. The change did not affect the revenues or connection data for the fiscal year, the company added.
September 30, 2015
16:02 EDTUSATUSA Technologies anticipates filing Form 10-K on October 1
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September 29, 2015
17:11 EDTUSATUSA Technologies to delay filing Form 10-K
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