trending Market Intelligence /marketintelligence/en/news-insights/trending/zyHVXVqPyAUpGAu4psMJqQ2 content esgSubNav
In This List

USA Technologies swings to loss in fiscal Q2

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


USA Technologies swings to loss in fiscal Q2

USA Technologies Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to a loss of $383,750, compared with income of $88,130 in the prior-year period.

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

The normalized profit margin fell to negative 2.1% from 0.7% in the year-earlier period.

Total revenue climbed 44.3% on an annual basis to $18.5 million from $12.8 million, and total operating expenses grew 39.4% from the prior-year period to $17.8 million from $12.8 million.

Reported net income came to a loss of $716,580, or a loss of 2 cents per share, compared to a loss of $356,580, or a loss of 1 cents per share, in the prior-year period.