USA TECHNOLOGIES INC USAT Income Statement

Usa technologies inc (USAT)

Income statement / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10
Revenue
44,051	43,359	38,508	37,704	34,486	33,768	42,125	33,592	31,532	25,259	31,779	26,301	21,787	21,569	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
License and transaction fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,263	14,727	13,674	12,925	11,938	11,059	10,480	10,156	9,460	8,999	8,671	8,507	8,172	7,562	7,403	6,906	6,382	5,985	5,583	5,419	5,028	4,313	3,755	3,344
Equipment sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,681	5,634	4,829	3,675	5,708	4,298	2,342	2,096	1,747	1,444	1,899	1,616	1,512	1,418	1,481	1,483	1,520	1,541	1,298	1,286	1,859	1,209	2,260	1,096
Total revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,944	20,361	18,503	16,600	17,646	15,357	12,822	12,252	11,207	10,443	10,570	10,123	9,684	8,980	8,884	8,390	7,902	7,527	6,881	6,705	6,888	5,522	6,016	4,440
Cost of services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,614	9,703	9,067	8,705	7,863	7,157	7,158	7,251	6,327	5,785	5,495	5,409	5,139	4,525	4,363	4,192	3,818	3,749	3,983	3,761	3,342	3,187	2,684	2,436
Cost of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,547	4,986	3,953	2,848	4,975	3,054	1,930	1,866	1,217	660	1,244	1,130	874	774	920	1,053	906	981	959	895	1,194	782	843	648
Costs of sales
31,289	31,943	28,769	27,751	25,051	22,710	31,647	23,747	22,360	19,078	25,802	19,959	15,342	15,272	16,161	14,689	13,020	11,553	12,838	10,211	9,088	9,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
12,762	11,416	9,739	9,953	9,435	11,058	10,478	9,845	9,172	6,181	5,977	6,342	6,445	6,297	5,783	5,672	5,483	5,047	4,808	5,146	3,734	3,135	3,662	3,997	3,830	3,582	3,670	3,681	3,600	3,144	3,178	2,795	1,938	2,049	2,351	1,553	2,488	1,355
Operating expenses:
Selling, general and administrative
18,700	18,107	15,490	11,156	10,931	9,450	9,089	9,629	9,005	6,924	8,134	6,542	6,029	7,472	6,721	6,094	4,762	4,796	5,007	4,281	3,531	3,632	4,067	3,479	3,193	3,295	3,150	3,003	2,699	3,215	5,420	3,040	3,531	3,468	3,394	2,860	2,262	2,913
Investigation and restatement expenses
738	3,565	2,451	1,408	7,188	4,526	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Integration and acquisition costs
0	0	211	24	181	922	1,274	1,677	3,335	762	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
1,080	1,022	1,071	1,083	1,143	1,133	1,117	1,105	737	245	244	259	307	208	208	173	127	139	156	135	152	169	161	152	126	158	309	327	332	343	361	391	344	403	356	360	365	341
Total operating expenses
20,518	22,694	19,223	13,671	19,443	16,031	11,480	12,411	13,077	7,931	8,378	6,801	6,336	7,680	7,361	6,267	4,889	4,935	5,163	4,416	3,683	3,801	4,229	3,632	3,320	3,453	3,460	3,331	3,032	3,558	5,782	3,432	3,875	3,871	4,332	3,220	2,628	3,254
Operating loss
-7,756	-11,278	-9,484	-3,718	-10,008	-4,973	-1,002	-2,566	-3,905	-1,750	-2,401	-459	109	-1,383	-1,578	-595	594	112	-355	730	51	-666	-567	365	509	128	210	350	567	-414	-2,603	-637	-1,937	-1,822	-1,980	-1,667	-140	-1,899
Other income (expense):
Interest income
283	294	310	348	408	489	313	226	324	80	95	114	200	73	182	67	20	51	42	27	4	10	8	3	4	13	4	11	21	20	26	14	13	17	-	13	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	25
Interest expense
833	465	474	913	819	786	999	863	770	473	606	557	518	547	197	180	104	119	93	85	49	75	74	60	60	60	47	61	25	23	13	10	49	11	3	9	9	12
Change In Fair Value Of Warrant Liabilities
-	-	-	-	-	-	-	-	-	-	0	0	0	-1,490	18	-4,805	-1,230	343	263	-1,101	135	310	53	-168	-37	219	1,517	-1,308	-403	463	-169	95	151	1,736	-	-850	-	-
Total other income (expense), net
-550	-171	-164	-565	-411	-297	-686	-637	-446	-393	-511	-443	-318	-1,964	3	-4,918	-1,314	275	264	-1,159	90	245	-12	-226	-93	171	1,473	-1,359	-406	460	-156	98	115	1,743	57	-846	7	12
Loss before income taxes
-8,306	-11,449	-9,648	-4,283	-10,419	-5,270	-1,688	-3,203	-4,351	-2,143	-2,912	-902	-209	-3,347	-1,575	-5,513	-720	387	-91	-429	141	-421	-579	138	416	300	1,684	-1,009	160	46	-	-	-	-	-	-	-	-
Provision for income taxes
72	59	202	23	19	18	9	20	-157	28	26	23	23	23	-703	-93	154	27	109	138	402	-360	-541	-26,727	6	6	6	6	6	6	-	-	-	-	-	-	-	-
Income (loss) before provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-538	-1,821	-78	-	-	-	-
Provision for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-
Net loss
-8,378	-11,508	-9,850	-4,306	-10,438	-5,288	-1,696	-3,223	-4,194	-2,171	-2,938	-925	-232	-3,370	-872	-5,420	-874	360	-200	-567	-261	-61	-38	26,866	409	293	1,677	-1,015	153	39	-2,772	-538	-1,821	-78	-	-2,514	-133	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,886
Preferred dividends
0	334	0	334	0	334	0	334	0	334	0	334	0	334	0	334	0	334	2	334	0	332	3	332	0	332	0	332	0	332	0	332	0	332	0	332	0	333
Net loss applicable to common shares
-8,378	-11,842	-9,850	-4,640	-10,438	-5,622	-1,696	-3,557	-4,194	-2,505	-2,938	-1,259	-232	-3,704	-872	-5,754	-874	26	-202	-901	-261	-393	-41	26,534	409	-38	1,677	-1,348	153	-293	-2,772	-870	-1,821	-411	-1,923	-2,846	-133	-2,219
Net income (loss) per common share
Net loss per common share - basic and diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.16	-	-	-	-0.03	-0.01	-	-	0.75	0.01	-	-	-0.04	-	-0.01	-	-0.03	-	-0.01	-	-0.11	-0.01	-0.09
Weighted average number of common shares outstanding - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,161	-	-	-	35,747	35,657	-	35,693	35,504	34,136	33,324	-	32,821	32,734	32,518	-	32,466	32,448	32,288	-	-	-	-
Basic (in dollars per share)
-0.13	-0.20	-0.16	-0.08	-0.17	-0.09	-0.03	-0.07	-0.08	-0.05	-0.07	-0.03	-0.01	-0.10	-	-	-0.02	-	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-0.06	-	-	-	-	-
Diluted (in dollars per share)
-0.13	-0.20	-0.16	-0.08	-0.17	-0.09	-0.03	-0.07	-0.08	-0.05	-0.07	-0.03	-0.01	-0.10	-	-	-0.02	-0.01	-	-	-	-0.01	-	-	0.01	-	-	-	-	-	-	-	-0.06	-	-	-	-	-
Weighted average number of common shares outstanding
Basic (in shares)
63,664	60,096	60,065	60,065	60,059	60,053	54,001	53,637	52,150	47,573	40,331	40,327	40,308	38,488	-	-	35,909	35,848	-	-	-	35,586	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (in shares)
63,664	60,096	60,065	60,065	60,059	60,053	54,001	53,637	52,150	47,573	40,331	40,327	40,308	38,488	-	-	35,909	36,487	-	-	-	35,586	-	-	34,222	-	-	-	33,468	-	-	-	32,448	-	-	-	-	-
Weighted average number of common shares outstanding (basic and diluted) (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,914	26,005	25,842
Service
Revenue
35,754	34,609	32,989	31,515	29,733	28,671	28,580	25,381	23,514	19,397	18,676	17,458	16,637	16,363	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs of sales
22,579	22,089	21,839	20,307	19,462	18,372	17,535	16,037	14,356	13,247	12,442	11,733	11,246	11,099	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product
Revenue
8,297	8,750	5,519	6,189	4,753	5,097	13,545	8,211	8,018	5,862	13,103	8,843	5,150	5,206	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs of sales
8,710	9,854	6,930	7,444	5,589	4,338	14,112	7,710	8,004	5,831	13,360	8,226	4,096	4,173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-