USA Technologies supplier of networked devices and wireless non-cash transactions has reported an increase installed base by 47%, with approximately 63,000 devices connected to its USALive network for its fiscal 2Q ended December 31, 2009. This figure is up from the 43,000 devices connected in the year ago period while transaction volume itself increased approximately 61% to 8.2 million transactions from 5.1 million transactions in fiscal 2Q/08. Additional findings show, since the year-ago second quarter, the dollar volume of transactions processed was up 42% to $15.0 million from $10.6 million and total revenues increased 41% to $3.8 million from $2.7 million; SG&A expenses increased approximately $1,081,000 compared to the year-ago second quarter due to expenses related to the proxy contest, related litigation and settlement; customers using the e-Port Connect service increased to approximately 775; its “Quick Start Program” accounted for 31% of e-Port equipment sales; and net loss for the 2009 quarter was $4.2 million compared with $3.4 million the year ago period.
4Q/09 3Q/09 2Q/09 1Q/09 4Q/08
Units Installed 63,000 57,000 52,000 48,000 43,000
Transactions (mm) 8.2 7.4 6.7 5.7 5.1
$ Value (mm) $15.0 $14.6 $13.5 $11.3 $10.6