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Article: USA Technologies Announces Record Fiscal Year 2007 First Quarter Revenue.
- Article from:
- Business Wire
- Article date:
- November 13, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Revenue Grows 47%, Gross Profit up 95%, Profit Margins Improve to 31% versus Fiscal Year 2006 First Quarter
MALVERN, Pa. -- USA Technologies (OTC Bulletin Board:USAT) announced today record revenue for its fiscal year 2007 first quarter ended on September 30, 2006. USA Technologies reported revenue totaling $2,008,897, an increase of 47% over revenue of $1,363,886 for the corresponding period of the prior fiscal year. Gross profit was $615,536, an increase of 95% over gross profit of $314,927 for the three months ended September 30, 2005. Gross margin improved to 31% in the quarter ended September 30, 2006, compared to 23% in the corresponding period of the prior ...