trending Market Intelligence /marketintelligence/en/news-insights/trending/F0sWOlqRLgfpO5WhMoI0Og2 content esgSubNav
In This List

USA Technologies fiscal Q3 loss widens YOY

Blog

Netflix amortized content spend estimated at $13.6 billion in 2021

Blog

Live TV still dominates most TV viewing in Asia

Blog

Middle East & Africa M&A by the Numbers: Q2 2021

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound


USA Technologies fiscal Q3 loss widens YOY

USA Technologies Inc. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of $3.1 million, compared with a loss of $268,130 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 15.2% from negative 1.7% in the year-earlier period.

Total revenue increased 32.6% on an annual basis to $20.4 million from $15.4 million, and total operating expenses increased 39.4% on an annual basis to $20.4 million from $14.6 million.

Reported net income totaled a loss of $5.8 million, or a loss of 16 cents per share, compared to a loss of $1.1 million, or a loss of 3 cents per share, in the prior-year period.