<SEC-DOCUMENT>0000914121-20-002238.txt : 20200624
<SEC-HEADER>0000914121-20-002238.hdr.sgml : 20200624
<ACCEPTANCE-DATETIME>20200624161514
ACCESSION NUMBER:		0000914121-20-002238
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200615
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200624
DATE AS OF CHANGE:		20200624

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			USA TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000896429
		STANDARD INDUSTRIAL CLASSIFICATION:	CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578]
		IRS NUMBER:				232679963
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33365
		FILM NUMBER:		20985627

	BUSINESS ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 300
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355
		BUSINESS PHONE:		6109890340

	MAIL ADDRESS:	
		STREET 1:		100 DEERFIELD LANE
		STREET 2:		SUITE 300
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	USA ENTERTAINMENT CENTER INC
		DATE OF NAME CHANGE:	19931029
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>us55098289-8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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    <div style="text-align: center; margin-top: 6pt; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-weight: bold;">UNITED STATES<br>
      SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">WASHINGTON<font style="font-size: 10pt; color: #000000;">, D.C. 20549</font></div>
    <div style="text-align: center; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-weight: bold;">FORM<font style="color: #000000;"> 8-K</font></div>
    <div style="text-align: center; margin-top: 6pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">CURRENT<font style="color: #000000;"> REPORT</font><br>
      <font style="color: #000000;">PURSUANT TO SECTION 13 OR 15(d) OF THE</font><br>
      <font style="color: #000000;">SECURITIES EXCHANGE ACT OF 1934</font></div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif;"><br>
      <br>
      Date of Report (date of earliest event reported):<font style="font-weight: bold; color: #000000;"> June 15, 2020</font></div>
    <div style="text-align: center; margin-top: 6pt; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 18pt; font-weight: bold;">USA TECHNOLOGIES, INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
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              <div style="text-align: center; color: #000000; font-weight: bold;">Pennsylvania</div>
            </div>
          </td>
          <td style="width: 2.06%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 26.23%; vertical-align: top; border-bottom: 1px solid #000000;">
            <div style="border-bottom: 0.5pt solid black;">
              <div style="text-align: center; color: #000000; font-weight: bold;">001-33365</div>
            </div>
          </td>
          <td style="width: 2.06%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.93%; vertical-align: top; border-bottom: 1px solid #000000;">
            <div style="border-bottom: 0.5pt solid black;">
              <div style="text-align: center; color: #000000; font-weight: bold;">232679963</div>
            </div>
          </td>
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          <td style="width: 37.71%; vertical-align: top;">
            <div style="text-align: center;">(State or other jurisdiction of incorporation<br>
              or organization)</div>
          </td>
          <td style="width: 2.06%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 26.23%; vertical-align: top;">
            <div style="text-align: center;">(Commission<br>
              File Number)</div>
          </td>
          <td style="width: 2.06%; vertical-align: bottom;">&#160;</td>
          <td style="width: 31.93%; vertical-align: top;">
            <div style="text-align: center;">(IRS employer<br>
              identification number)</div>
          </td>
        </tr>
        <tr>
          <td colspan="3" style="width: 48.96%; vertical-align: top;">&#160;</td>
          <td style="width: 2.16%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 48.88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="3" style="width: 48.96%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-weight: bold;">100 Deerfield Lane, Suite 300</div>
          </td>
          <td style="width: 2.16%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 48.88%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td colspan="3" style="width: 48.96%; vertical-align: top; border-bottom: 1px solid #000000;">
            <div style="border-bottom: 0.5pt solid black;">
              <div style="text-align: center; color: #000000; font-weight: bold;">Malvern, Pennsylvania</div>
            </div>
          </td>
          <td style="width: 2.16%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 48.88%; vertical-align: top; border-bottom: 1px solid #000000;">
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              <div style="text-align: center; color: #000000; font-weight: bold;">19355</div>
            </div>
          </td>
        </tr>
        <tr>
          <td colspan="3" style="width: 48.96%; vertical-align: top;">
            <div style="text-align: center;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 2.16%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="width: 48.88%; vertical-align: top;">
            <div style="text-align: center;">(Zip code)</div>
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        </tr>

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    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif;">Registrant&#8217;s telephone number, including area code:<font style="font-weight: bold; color: #000000;"> 610-989-0340</font></div>
    <div style="text-align: justify; margin-top: 8pt; font-family: 'Times New Roman', Times, serif;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
      following provisions:</div>
    <div style="text-align: justify; margin-top: 8pt; font-family: 'Times New Roman', Times, serif;"><font style="font-family: 'Times New Roman',Times,serif; color: rgb(0, 0, 0); font-weight: normal;">&#9633;</font><font style="font-family: 'Times New Roman',serif; font-size: 3pt; color: rgb(0, 0, 0); font-weight: normal;">&#160;</font>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div style="text-align: justify; margin-top: 8pt; font-family: 'Times New Roman', Times, serif;"><font style="color: #000000;">&#9633;</font><font style="font-family: 'Times New Roman', serif; font-size: 3pt; color: #000000;">&#160;</font>Soliciting material
      pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div style="text-align: justify; margin-top: 8pt; font-family: 'Times New Roman', Times, serif;"><font style="color: #000000;">&#9633;</font><font style="font-family: 'Times New Roman', serif; font-size: 3pt; color: #000000;">&#160;</font>Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div style="text-align: justify; margin-top: 8pt; font-family: 'Times New Roman', Times, serif;"><font style="color: #000000;">&#9633;</font><font style="font-family: 'Times New Roman', serif; font-size: 3pt; color: #000000;">&#160;</font>Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div style="text-align: justify; margin-top: 8pt; color: #000000; font-family: 'Times New Roman', Times, serif;">Securities registered pursuant to Section 12(b) of the Act:</div>
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          <td style="width: 39.06%; vertical-align: bottom; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; margin-right: 0.75pt; color: #231F20;">Title of each class</div>
          </td>
          <td style="width: 21.24%; vertical-align: bottom; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; color: #231F20;">Trading</div>
            <div style="text-align: center; color: #231F20;">Symbol(s)</div>
          </td>
          <td style="width: 39.7%; vertical-align: bottom; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; color: #231F20;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 39.06%; vertical-align: top; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; margin-right: 0.75pt; color: #000000;">None</div>
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          <td style="width: 21.24%; vertical-align: top; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; color: #000000;">None</div>
          </td>
          <td style="width: 39.7%; vertical-align: top; border-left: #000000 2px double; border-right: #000000 2px double; border-top: #000000 2px double; border-bottom: #000000 2px double;">
            <div style="text-align: center; color: #000000;">None</div>
          </td>
        </tr>

    </table>
    <div style="text-align: justify; margin-top: 8pt; font-family: 'Times New Roman', Times, serif;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter)
      or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div style="text-align: justify; margin-top: 8pt; font-family: 'Times New Roman', Times, serif;">Emerging growth company<font style="font-family: 'Times New Roman', serif; font-size: 3pt; color: #000000;">&#160;</font><font style="color: #000000;">&#9633;</font></div>
    <div style="text-align: justify; margin-top: 8pt; font-family: 'Times New Roman', Times, serif;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
      revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <font style="color: #000000;">&#9633;</font></div>
    <div style="margin-top: 0.3pt;"><br>
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    <div><font style="font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Item 2.02</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font style="font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Results of Operations and Financial Condition.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;">On June 24, 2020, USA Technologies, Inc. (the &#8220;Company&#8221;) issued a press release announcing the Company&#8217;s financial results for the third quarter ended March
      31, 2020. A copy of this press release is attached hereto as Exhibit 99.1.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;">The information contained in this Current Report on Form 8-K pursuant to this &#8220;Item 2.02 Results of Operations and Financial Condition&#8221; is being furnished.
      This information shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) or otherwise subject to the liabilities of that section or shall such information be deemed incorporated by
      reference in any filing under the Securities Act of 1933 or the Exchange Act, unless specifically identified therein as being incorporated by reference.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Item 5.02</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font style="font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Departure of Directors or Certain Officers&#894; Election of
        Directors&#894; Appointment of Certain Officers&#894; Compensatory Arrangements of Certain Officers.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;">On June 15, 2020, Jeff Vogt, the Company&#8217;s Senior Vice President of Business Affairs, was appointed to fill the role of Chief Operating Officer of the
      Company, effective June 15, 2020. In connection with this appointment, Mr. Vogt will no longer serve as the Company&#8217;s Senior Vice President of Business Affairs.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;">Mr. Vogt, age 47, has served as the Company&#8217;s Senior Vice President of Business Affairs since 2019, where his responsibilities focused on business strategy
      and operational improvements, including transforming the Company&#8217;s supply chain operations, inventory management, planning and forecasting and growth strategy. From 2013 until joining the Company, Mr. Vogt was Vice President and General Manager at
      Comcast Corporation, a global media and technology company, where he built, launched and managed a portfolio of video software, infrastructure and Internet of Things (IoT) products and services targeted at the business to business and enterprise
      market segments. Before working at Comcast Corporation, Mr. Vogt held various executive positions at Linden Lab, NextAction Corporation, Level 3 Communications, Inc. and AOL, Inc.</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;">There is no arrangement or understanding between Mr. Vogt and any other persons in connection with Mr. Vogt&#8217;s appointment&#160;as Chief&#160;Operating&#160;Officer, and
      Mr. Vogt has no family relationship with any director or executive officer of the Company. Mr. Vogt has no direct or indirect material interest in any transaction with the Company that is reportable under Item 404(a) of Regulation S-K, nor have any
      such transactions been proposed.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;">In connection with his appointment as Chief Operating Officer, Mr. Vogt&#8217;s annual base salary has been increased from $280,000 to $340,000 (which will be
      subject to the 20% reduction in base salaries currently in effect for the Company&#8217;s senior leadership team through and including December 31, 2020), and his annual target bonus has been decreased from 65% of his annual base salary to 50% of his
      annual base salary.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;">The Company is filing this Current Report on Form 8-K on the date which it is first making a public announcement of the appointment described herein in
      accordance with the instruction to paragraph (c) of Item 5.02 of Form 8-K.&#160; The press release issued by the Company announcing the appointment of Mr. Vogt as Chief Operating Officer is attached as Exhibit 99.1 to this Current Report on Form 8-K.</div>
    <div><br>
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    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Item 9.01</font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;"> </font><font class="HorizontalTab" style="width: 9pt; font-size: 1px; display: inline-block;">&#160;</font><font style="font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Financial Statements and Exhibits.</font></div>
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    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', Times, serif; color: #000000;">(d)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: italic;">Exhibits</font></div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', Times, serif; color: #000000;"> <br>
      </font></div>
    <div style="text-align: justify;">
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            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;"><u>Exhibit No.</u></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;"><u>Description</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;"><a href="us55098289-ex99_1.htm">99.1</a></div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', Times, serif;"><a href="us55098289-ex99_1.htm">Press release
                  dated June 24, 2020</a>.</div>
            </td>
          </tr>

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    <div style="text-align: center; margin-right: 7.35pt; margin-left: 6.4pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt; font-family: 'Times New Roman', Times, serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</div>
    <div style="margin-top: 4.6pt;"><br>
    </div>
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          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" colspan="2" style="width: 38%;"><strong>USA TECHNOLOGIES, INC.<br>
              </strong></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" rowspan="1" style="width: 50%;">&#160;</td>
            <td valign="top" rowspan="1" colspan="2" style="width: 38%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" rowspan="1" style="width: 50%;">&#160;</td>
            <td valign="top" rowspan="1" colspan="2" style="width: 38%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt"><br>
              </div>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: top; white-space: nowrap; width: 35%; text-align: left;">/s/ Sean Feeney<br>
            </td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Sean Feeney<br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">Chief Executive Officer<br>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">Dated:&#160; June 24, 2020<br>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>us55098289-ex99_1.htm
<DESCRIPTION>PRESS RELEASE DATED JUNE 24, 2020
<TEXT>
<html>
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    <div style="text-align: right;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Exhibit 99.1</font><br>
    </div>
    <div style="text-align: right;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> <br>
      </font></div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold; background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">USA
      Technologies Reports Third Quarter Fiscal Year 2020 Results</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">MALVERN, Pa -- June 24, 2020</font><font style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: bold; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> -- <font style="font-weight: normal; background-color: rgb(255, 255, 255); color: rgb(0, 0, 239); font-style: normal; font-variant: normal; text-transform: none;">USA Technologies, Inc.</font> </font><font style="color: #000000;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">(</font></font><font style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">OTC:USAT) (&#8220;USAT&#8221; or the &#8220;Company&#8221;), a cashless payments and software services company that provides end-to-end technology solutions for the
        self-service retail market, today reported results for the third quarter fiscal year 2020 ended March 31, 2020.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">&#8220;Capitalizing
      on its deep user base and industry leading technology, USA Technologies has begun to reestablish a foundation for growth in the midst of a challenging economic environment,&#8221; said Sean Feeney, Chief Executive Officer, USA Technologies. &#8220;As we all
      begin to recover from the COVID-19 shutdown, our priority continues to be the safety and well-being of all of our employees, as well as our customers, partners and shareholders. While the world gets back to business as usual USA Technologies has a
      new board and new management, and as part of this renaissance, we are focusing on the stability, growth and competitive positioning of our Company.&#8221;</div>
    <font style="font-weight: normal;"> </font>
    <div><font style="font-weight: normal;"><br>
      </font> </div>
    <font style="font-weight: normal;"> </font>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">As
      part of the new management initiatives, the Company has been re-organized into three different groups: Finance and Administration, Revenue and Customer Success; and Product, Technology, and Operations. Finance and Administration is led by Michael
      Wasserfuhr. Anant Agrawal, has been named Chief Revenue Officer, and as such will lead the Revenue and Customer Success organization. Jeff Vogt has been promoted to Chief Operating Officer and will lead Product, Technology and Operations.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Third
      quarter Fiscal 2020 Financial Highlights:</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z89d8c61ec5a34a5a92db4b2b8731cb7c">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Revenue of $43.1 million, increased 14.3% year-over-year</div>
            </td>
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      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0facc73085374a37a3d88edb22c96808">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 54pt; color: #404040;">o</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">License and transaction fee revenue of $35.0 million, increased 10.9% year-over-year</div>
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    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd2e5822bd7cb47eebe0830957b197bc3">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 54pt; color: #404040;">o</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Equipment revenue of $8.1 million, increased 31.5% year-over-year</div>
            </td>
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    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z79575f587b344c289f795d5fa1beafd6">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: #404040;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Net new connections of 34,000 bring total connections to 1,289,000</div>
            </td>
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    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1b8455e2e3094a8fa8669722adc67c26">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: #404040;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Gross margin of 25.5% compared with 26.4% in the prior year period</div>
            </td>
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      </table>
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    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zda2aaf73f6e54292bfe7a9f170cc8649">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 54pt; color: #404040;">o</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">License and transaction gross margin of 36.4% increased from 35.6% in the prior year period</div>
            </td>
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      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za31ab01450924349b89f6c4397562ad2">

          <tr>
            <td style="width: 72pt; vertical-align: top; align: right;">
              <div style="margin-left: 54pt; color: #404040;">o</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Equipment gross margin of (21.1)% compared with (20.3)% in the prior year period</div>
            </td>
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      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z863166ccd8ef4005a85ae26d5619a2a4">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: #404040;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Operating loss of $(10.2) million compared to operating loss of $(3.7) million in the prior year period</div>
            </td>
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      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z265d54c2dec246e499f4cad9dee9ddec">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: #404040;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Net loss of $(9.6) million, or $(0.15) per basic share compared to net loss of $(4.6) million, or $(0.08) per basic share in the prior year period</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8c44a005bfad4114bee9a040f965de13">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: #404040;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Non-GAAP net loss of $(7.0) million, or $(0.11) per share compared to non-GAAP net loss of $(1.5) million, or $(0.02) per share in the prior year period</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z35f11b42c5c14352a2c30c33a135b229">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: #404040;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">EBITDA of $(7.4) million compared to $(1.8) million in the prior year period</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8370a67baa1145c8982137e52be90646">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: #404040;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Adjusted EBITDA of $(5.9) million compared to $0.2 million in the prior year period</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zcc9574f4b4ef49e09143c5acf6472768">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-left: 18pt; color: #404040;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Ended the quarter with $25.9 million in cash and cash equivalents</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #404040; font-weight: bold;">Fiscal Year 2020 Outlook:</div>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">As
      previously disclosed on May 7, 2020 on Form 8-K, given the uncertainty surrounding the magnitude and duration of COVID-19 on our business, management has withdrawn its guidance and will not be issuing further guidance until the full impact of
      COVID-19 is better understood.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: normal; background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Webcast
      and Conference Call</div>
    <div style="text-align: justify;"><font style="color: #404040;"><font style="background-color: rgb(255, 255, 255); font-weight: normal; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">USA Technologies will host a conference call and webcast at 4:30 p.m. Eastern Time today. To participate in the conference call, please dial (866) 393-1608 approximately 10 minutes prior to the call.
          International callers should dial (224) 357-2194. Please reference conference ID # 2281328.&#160; A live webcast of the conference call will be available at</font> </font><font style="color: rgb(0, 0, 239); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">https://usatechnologiesinc.gcs-web.com/events-and-presentations</font><font style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">. </font><font style="color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Please access the website 15 minutes prior to the
        start of the call to download and install any necessary audio software.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">A
      telephone replay of the conference call will be available from 7:30 p.m. Eastern Time on June 24, 2020 until 7:30 p.m. Eastern Time on June 26, 2020 and may be accessed by calling +1 (855) 859-2056 (domestic dial-in) or +1 (404) 537-3406
      (international dial-in) and reference conference ID # 2281328.</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">An
      archived replay of the conference call will also be available in the investor relations section of the company's website.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold; background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">About USA Technologies</div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal;">USA
      Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for
      payments processing, logistics, and back-office management. The Company&#8217;s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while
      providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals,
      kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.</div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="text-align: justify; color: rgb(64, 64, 64); font-weight: bold; background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Discussion
      of Non-GAAP Financial Measures:</div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;"> </font>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal;">This
      press release contains certain non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally
      excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP (Generally Accepted Accounting Principles). Reconciliations between non-GAAP financial measures and the most comparable GAAP financial
      measures are set forth below in Financial Schedule D.</div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"> </font>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal;">The
      following non-GAAP financial measures are discussed herein: adjusted EBITDA, non-GAAP net income (loss), and non-GAAP net income (loss) per share. The presentation of these additional financial measures is not intended to be considered in isolation
      or as a substitute for the financial measures prepared and presented in accordance with GAAP, including the net income or net loss of USAT or net cash provided by (used in) operating activities. Management recognizes that non-GAAP financial measures
      have limitations in that they do not reflect all of the items associated with USAT's net income or net loss as determined in accordance with GAAP and are not a substitute for or a measure of the Company&#8217;s profitability or net earnings. These non-GAAP
      financial measures are not required by or defined under GAAP and may be materially different from the non-GAAP financial measures used by other companies. USAT has provided below in Financial Schedule D the reconciliations of the non-GAAP financial
      measures to the most directly comparable GAAP financial measures.</div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"> </font>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal;">As
      used herein, non-GAAP net income (loss) represents GAAP net income (loss) excluding costs or benefits relating to any non-cash portions of the Company&#8217;s income tax provision, amortization expense related to our acquisition-related intangibles,
      non-recurring fees and charges that were incurred in connection with the acquisition and integration of businesses, non-recurring fees and charges that were incurred in connection with the Audit Committee investigation and financial statement
      restatement activities, class-action litigation or activist related expenses, changes in the fair value of our derivative, and stock-based compensation expense. Management believes that non-GAAP net income (loss) is an important measure of USAT&#8217;s
      business. Non-GAAP net income (loss) is a non-GAAP financial measure which is not required by or defined under GAAP. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends and to gain an
      understanding of our comparative operating performance. We believe that these non-GAAP financial measures serve as a useful metric for our management and investors because they enable a better understanding of the long-term performance of our core
      business and facilitate comparisons of our operating results over multiple periods, and when taken together with the corresponding GAAP financial measures and our reconciliations, enhance investors&#8217; overall understanding of our current and future
      financial performance. Additionally, the Company utilizes non-GAAP net income (loss) as a metric in its executive officer and management incentive compensation plans.</div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"> </font>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal;">As
      used herein, Adjusted EBITDA represents net income (loss) before interest income, interest expense, income taxes, depreciation, amortization, non-recurring fees and charges that were incurred in connection with the acquisition and integration of
      businesses, non-recurring fees and charges that were incurred in connection with the Audit Committee investigation and financial statement restatement activities, class action litigation and activist related expenses, changes in the fair value of our
      derivative, and stock-based compensation expense.</div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"> </font>
    <div><font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"><br>
      </font> </div>
    <font style="background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal; color: rgb(0, 0, 0);"> </font>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none; font-weight: normal;">We
      have excluded the non-cash expense, stock-based compensation, as it does not reflect our cash-based operations. Consistent with the exclusion of debt interest expense from EBITDA, the debt-related derivative gain recorded for the third quarter was
      also excluded from adjusted EBITDA. We have excluded the non-recurring costs and expenses incurred in connection with business acquisitions in order to allow more accurate comparison of the financial results to historical operations. We have excluded
      the professional fees incurred in connection with the class action litigation and the activist related matters as well as the non-recurring costs and expenses related to the Audit Committee investigation and financial statement restatement activities
      because we believe that they represent charges that are not related to our operations. Adjusted EBITDA is presented because we believe it is useful to investors as a measure of comparative operating performance. Additionally, the Company utilizes
      Adjusted EBITDA as a metric in its executive officer and management incentive compensation plans.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; color: rgb(0, 0, 0); font-weight: bold; background-color: rgb(255, 255, 255); font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">Forward-looking
      Statements:</div>
    <div style="text-align: justify; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-weight: normal; font-family: 'Times New Roman',Times,serif; font-style: normal; font-variant: normal; text-transform: none;">&#8220;Safe
      Harbor&#8221; Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT's
      management for future operations, are forward looking statements. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to USAT or its management, identify forward
      looking statements. Such forward-looking statements are based on the beliefs of USAT's management, as well as assumptions made by and information currently available to USAT's management. Actual results could differ materially from those contemplated
      by the forward-looking statements as a result of certain factors, including but not limited to, the ability of management to accurately predict or forecast future financial results, including earnings or taxable income of USAT; the incurrence by USAT
      of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the
      ability of USAT to compete with its competitors to obtain market share; whether USAT's customers continue to utilize USAT's transaction processing, route scheduling, inventory management, and related services, as our customer agreements are generally
      cancelable by the customer on thirty to sixty days' notice; the risk associated with the currently pending litigation or possible regulatory action arising from the internal investigation and its findings, from the failure to timely file its periodic
      reports with the Securities and Exchange Commission, from the restatement of the affected financial statements, from allegations related to the registration statement for the follow-on public offering, or from potential litigation or other claims
      arising from the shareholder demands for derivative actions; whether the application by USAT to relist its securities on The Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;) will be granted by Nasdaq or granted in a timely manner; the uncertainties associated with
      COVID-19, including its effects on the Company&#8217;s operations, financial condition, and the demand for the Company&#8217;s products and services; failure to comply with the financial covenants of our Term Facility; failure to negotiate amendments to the
      existing Term Facility or otherwise raise additional capital from other lenders or investors; uncertainties resulting from, among other things, quarantines of employees, customers, consumers, and suppliers, travel restrictions, reduced consumer
      spending, and closures of customer locations, manufacturing facilities, warehouses and logistics supply chains, associated with COVID-19; the Company&#8217;s ability to efficiently and flexibly manage its business and financial resources amid uncertainties
      related to COVID-19; uncertainty around the duration of the COVID-19 virus&#8217; impact; or whether USAT's existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels
      currently anticipated by USAT. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT
      does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>(A) Balance Sheet</div>
    <div>(B) Statements of Operations</div>
    <div>(C) Statements of Cash Flows</div>
    <div>(D) Reconciliation of GAAP to Non-GAAP Financial Measures</div>
    <div><br>
    </div>
    <div>-F--USAT</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; margin-top: 8pt; font-weight: bold;">USA Technologies, Inc.</div>
    <div style="text-align: center; font-weight: bold;">Condensed Consolidated Balance Sheets</div>
    <div style="text-align: center; margin-bottom: 7pt; font-weight: bold;">(Unaudited)</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z2e7deb7401f34752a5fbdd3d1e168e4a">

        <tr>
          <td style="width: 72%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">($ in thousands)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">March&#160;31,<br>
              2020</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">June&#160;30,<br>
              2019</div>
          </td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Assets</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Current assets:</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Cash and cash equivalents</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: middle;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">25,894</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: middle;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">27,464</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Accounts receivable, less allowance of $6,952 and $4,866, respectively</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">18,418</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">21,906</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Finance receivables, net</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">7,941</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">6,727</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Inventory, net</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">9,577</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">11,273</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Prepaid expenses and other current assets</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">2,319</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,558</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Total current assets</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">64,149</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">68,928</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Non-current assets:</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Finance receivables due after one year, net</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">11,541</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">12,642</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Other assets</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">2,075</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">2,099</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Property and equipment, net</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">8,293</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">9,590</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Operating lease right-of-use assets</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">5,903</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Intangibles, net</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">23,818</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">26,171</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Goodwill</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">63,945</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">63,945</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: #000000;">Total non-current assets</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-top: 0px none rgb(0, 0, 0); vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">115,575</div>
          </td>
          <td style="border-top: 0px none rgb(0, 0, 0); vertical-align: top; width: 0.75%; padding-top: 0px; padding-right: 0px; padding-left: 0px; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-top: 0px none rgb(0, 0, 0); vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">114,447</div>
          </td>
          <td style="border-top: 0px none rgb(0, 0, 0); vertical-align: top; width: 0.75%; padding-top: 0px; padding-right: 0px; padding-left: 0px; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 4px;">
            <div style="color: #000000;">Total assets</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 4px;">&#160;</td>
          <td style="border-top: 0px none rgb(0, 0, 0); vertical-align: middle; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="border-top: 0px none rgb(0, 0, 0); vertical-align: middle; width: 9.89%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">179,724</div>
          </td>
          <td style="border-top: 0px none rgb(0, 0, 0); vertical-align: top; width: 0.75%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 4px;">&#160;</td>
          <td style="border-top: 0px none rgb(0, 0, 0); vertical-align: middle; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="border-top: 0px none rgb(0, 0, 0); vertical-align: middle; width: 9.89%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">183,375</div>
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          <td style="border-top: 0px none rgb(0, 0, 0); vertical-align: top; width: 0.75%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Liabilities, convertible preferred stock and shareholders&#8217; equity</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Current liabilities:</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Accounts payable</div>
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          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: middle;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">24,592</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td style="width: 1%; vertical-align: middle;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">27,584</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Accrued expenses</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">27,533</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">23,351</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Finance lease obligations and current obligations under long-term debt</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">381</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">12,497</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Income taxes payable</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">168</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">254</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Deferred revenue</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,621</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,681</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Total current liabilities</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">54,295</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">65,367</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Long-term liabilities:</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Deferred income taxes</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">86</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">71</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Finance lease obligations and long-term debt, less current portion</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">12,297</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">276</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Operating lease liabilities, non-current</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">5,025</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Accrued expenses, less current portion</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">450</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">100</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: #000000;">Total long-term liabilities</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">17,858</div>
          </td>
          <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: top; width: 0.75%;">&#160;</td>
          <td style="border-bottom: 0px none; border-top: 0px none; vertical-align: middle; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">447</div>
          </td>
          <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: top; width: 0.75%;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: #000000;">Total liabilities</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">72,153</div>
          </td>
          <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: top; width: 0.75%;">&#160;</td>
          <td style="border-bottom: 0px none; border-top: 0px none; vertical-align: middle; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">65,814</div>
          </td>
          <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: top; width: 0.75%;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 72%; vertical-align: middle;">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: middle;">&#160;</td>
          <td rowspan="1" colspan="3" style="vertical-align: middle;">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: middle;">&#160;</td>
          <td rowspan="1" colspan="3" style="vertical-align: middle;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Commitments and contingencies (Note 13)</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: #000000;">Convertible preferred stock:</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Series A convertible preferred stock, 900,000 shares authorized, 445,063 issued and outstanding, with liquidation preferences of $20,778 and $20,111
              at March 31, 2020 and June 30, 2019, respectively</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">3,138</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">3,138</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Shareholders&#8217; equity:</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="3" style="vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">Preferred stock, no par value, 1,800,000 shares authorized, no shares issued</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">Common stock, no par value, 640,000,000 shares authorized, 64,448,957 and 60,008,481 shares issued and outstanding at March 31, 2020 and
              June&#160;30,&#160;2019, respectively</div>
          </td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">396,044</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">376,853</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 18pt;">Accumulated deficit</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">(291,611</div>
          </td>
          <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle; width: 0.75%;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="border-bottom: 0px none; border-top: 0px none; vertical-align: middle; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">(262,430</div>
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          <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle; width: 0.75%;">
            <div style="color: #000000;">)</div>
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        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 2px;">
            <div style="color: #000000;">Total shareholders&#8217; equity</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">104,433</div>
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          <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: top; width: 0.75%;">&#160;</td>
          <td style="border-bottom: 0px none; border-top: 0px none; vertical-align: middle; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: middle;">
            <div style="text-align: right; color: #000000;">114,423</div>
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          <td style="border-bottom: 2px solid rgb(0, 0, 0); border-top: 0px none; vertical-align: top; width: 0.75%;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: middle; padding-bottom: 4px;">
            <div style="color: #000000;">Total liabilities, convertible preferred stock and shareholders&#8217; equity</div>
          </td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: middle; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
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          <td style="width: 9.89%; vertical-align: middle; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">179,724</div>
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          <td style="width: 0.75%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
          <td style="width: 2%; vertical-align: middle; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: middle; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: middle; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">183,375</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
        </tr>

    </table>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div style="text-align: center; font-weight: bold;">USA Technologies, Inc.</div>
    <div style="text-align: center; font-weight: bold;">Condensed Consolidated Statements of Operations</div>
    <div style="text-align: center; margin-bottom: 7pt; font-weight: bold;">(Unaudited)</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z153f7d9952df48c592b4a4adf42ee484">

        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="7" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Three months ended March 31,</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Nine months ended March 31,</div>
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        <tr>
          <td style="width: 44%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">($&#160;in&#160;thousands,&#160;except&#160;per&#160;share&#160;data)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2020</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">2019</div>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">License and transaction fees</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
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          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">34,961</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">31,515</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">105,324</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">89,919</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Equipment sales</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">8,137</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">6,189</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">25,184</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">16,039</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Total revenue</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">43,098</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">37,704</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">130,508</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">105,958</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Costs of sales:</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Cost of services</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">22,244</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">20,307</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">66,912</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">58,141</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Cost of equipment</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">9,856</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">7,444</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">28,420</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">17,371</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: #000000;">Total costs of sales</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">32,100</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">27,751</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">95,332</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">75,512</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Gross profit</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">10,998</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">9,953</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">35,176</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">30,446</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Operating expenses:</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Selling, general and administrative</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">20,069</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">11,156</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">56,876</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">31,537</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Investigation and restatement expenses</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,408</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">4,303</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">13,122</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Integration and acquisition costs</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">24</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,127</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Depreciation and amortization</div>
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,107</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,083</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">3,209</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">3,359</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: #000000;">Total operating expenses</div>
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">21,176</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">13,671</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">64,388</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">49,145</div>
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          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Operating loss</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000;">(10,178</div>
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          <td style="width: 0.75%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(3,718</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(29,212</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(18,699</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Other income (expense):</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Interest income</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">411</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">348</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">988</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,245</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Interest expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(683</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(913</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(1,981</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(2,518</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Change in fair value of derivative</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,070</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,070</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: #000000;">Total other income (expense), net</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">798</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(565</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">77</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(1,273</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Loss before income taxes</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(9,380</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(4,283</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(29,135</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(19,972</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: #000000;">Benefit (provision) for income taxes</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">85</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(23</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(46</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(60</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Net loss</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(9,295</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(4,306</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(29,181</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(20,032</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: #000000;">Preferred dividends</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(334</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(334</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(668</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(668</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom; padding-bottom: 4px;">
            <div style="color: #000000;">Net loss applicable to common shares</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="vertical-align: bottom; width: 9.89%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(9,629</div>
          </td>
          <td style="vertical-align: bottom; width: 0.75%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="vertical-align: bottom; width: 2%; padding: 0px 0px 4px;">&#160;</td>
          <td style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="vertical-align: bottom; width: 9.89%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(4,640</div>
          </td>
          <td style="vertical-align: bottom; width: 0.75%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="vertical-align: bottom; width: 2%; padding: 0px 0px 4px;">&#160;</td>
          <td style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="vertical-align: bottom; width: 9.89%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(29,849</div>
          </td>
          <td style="vertical-align: bottom; width: 0.75%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="vertical-align: bottom; width: 2%; padding: 0px 0px 4px;">&#160;</td>
          <td style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="vertical-align: bottom; width: 9.89%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(20,700</div>
          </td>
          <td style="vertical-align: bottom; width: 0.75%; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Net loss per common share</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 18pt;">Basic</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(0.15</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(0.08</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(0.48</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(0.34</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); margin-left: 18pt;">Diluted</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(0.15</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(0.08</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(0.48</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 9.89%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(0.34</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44%; vertical-align: bottom;">
            <div style="color: #000000;">Weighted average number of common shares outstanding</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000;">60,065,053</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000;">64,096,778</div>
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            <div style="text-align: right; color: #000000;">60,065,053</div>
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            <div style="text-align: right; color: #000000;">62,591,947</div>
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            <div style="text-align: right; color: #000000;">60,059,594</div>
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    <div style="text-align: center; font-weight: bold;">USA Technologies, Inc.</div>
    <div style="text-align: center; font-weight: bold;">Condensed Consolidated Statements of Cash Flows</div>
    <div style="text-align: center; margin-bottom: 7pt; font-weight: bold;">(Unaudited)</div>
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          <td style="width: 72%; vertical-align: bottom; padding-bottom: 2px; font-size: 8pt;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px; font-size: 8pt;">&#160;</td>
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            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">Nine months ended March 31,</div>
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          <td colspan="3" style="border-bottom: 2px solid rgb(0, 0, 0); border-top: medium none; vertical-align: bottom;">
            <div style="text-align: center; color: rgb(0, 0, 0); font-size: 8pt; font-weight: bold;">2020</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">$</div>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">(29,181</div>
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            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">$</div>
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          <td style="width: 10.21%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(20,032</div>
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          <td style="width: 72%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Non-cash stock based compensation</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">2,453</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">1,393</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Loss (gain) on disposal of property and equipment</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">88</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">(39</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
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          <td style="width: 72%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">1,040</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">286</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Bad debt expense</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">1,400</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">1,537</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Provision for inventory reserve</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">(434</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">2,699</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Depreciation and amortization</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">5,193</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">5,899</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Non-cash lease expense</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">1,398</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">&#8212;</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Deferred income taxes</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">15</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">14</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Change in fair value of derivative</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(1,070</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">&#8212;</div>
          </td>
          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">Changes in operating assets and liabilities:</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Accounts receivable</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">2,088</div>
          </td>
          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(6,288</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Finance receivables</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(113</div>
          </td>
          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(182</div>
          </td>
          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Inventory</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">2,204</div>
          </td>
          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(5,349</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Prepaid expenses and other assets</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(1,045</div>
          </td>
          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(1,545</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Accounts payable and accrued expenses</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(414</div>
          </td>
          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(3,836</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Operating lease liabilities</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(1,102</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">&#8212;</div>
          </td>
          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Deferred revenue</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(60</div>
          </td>
          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(316</div>
          </td>
          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt; margin-left: 9pt;">Income taxes payable</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(86</div>
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          <td style="vertical-align: bottom; width: 0.62%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-size: 8pt;">)</div>
          </td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-size: 8pt;">42</div>
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          <td style="vertical-align: top; width: 0.62%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: #000000; font-size: 8pt;">Net cash used in operating activities</div>
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom; padding-bottom: 2px;">
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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          <td style="vertical-align: bottom; width: 0.62%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
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          <td style="vertical-align: bottom; width: 0.62%; border-bottom: 2px solid rgb(0, 0, 0);">
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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        <tr>
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            <div style="color: #000000; font-size: 8pt;">Repayment of revolving credit facility</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">Repayment of finance lease obligations and long-term debt</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 72%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">(1,980</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000; font-size: 8pt;">(135</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 72%; vertical-align: bottom; padding-bottom: 2px;">
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="vertical-align: top; width: 0.62%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom; padding-bottom: 2px;">
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-size: 8pt;">17,734</div>
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          <td style="vertical-align: top; width: 0.62%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
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          <td style="width: 0.62%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-size: 8pt;">)</div>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom;">
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          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(1,570</div>
          </td>
          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">(51,176</div>
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          <td style="width: 0.62%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">)</div>
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          <td style="width: 72%; vertical-align: bottom; padding-bottom: 2px;">
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-size: 8pt;">27,464</div>
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          <td style="vertical-align: top; width: 0.62%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-size: 8pt;">83,964</div>
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          <td style="vertical-align: top; width: 0.62%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom; padding-bottom: 4px;">
            <div style="color: #000000; font-size: 8pt;">Cash and cash equivalents at end of period</div>
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          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000; font-size: 8pt;">$</div>
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          <td style="width: 10.21%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-size: 8pt;">25,894</div>
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          <td style="width: 0.62%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000; font-size: 8pt;">$</div>
          </td>
          <td style="width: 10.21%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000; font-size: 8pt;">32,788</div>
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          <td style="width: 0.62%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 72%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">Interest paid in cash</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">$</div>
          </td>
          <td style="width: 10.21%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">940</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">$</div>
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          <td style="width: 10.21%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">2,321</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">Income taxes paid in cash</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">$</div>
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          <td style="width: 10.21%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">25</div>
          </td>
          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">$</div>
          </td>
          <td style="width: 10.21%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">12</div>
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          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom;">
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          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
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          <td style="width: 72%; vertical-align: bottom;">
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            <div>&#160;</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">$</div>
          </td>
          <td style="width: 10.21%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">&#8212;</div>
          </td>
          <td style="width: 0.62%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000; font-size: 8pt;">$</div>
          </td>
          <td style="width: 10.21%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000; font-size: 8pt;">5</div>
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    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <div style="margin-top: 10pt; margin-bottom: 7pt; font-weight: bold;">Reconciliation of Net Loss to Adjusted EBITDA</div>
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        <tr>
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          <td rowspan="1" style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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            <div style="color: #000000; font-size: 8pt; font-weight: bold;">($&#160;in&#160;thousands)</div>
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            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">2020</div>
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          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
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            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">2019</div>
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          <td style="width: 70%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
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          <td style="width: 10.87%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(9,295</div>
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          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
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          <td style="width: 10.87%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(4,306</div>
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          <td style="width: 0.75%; vertical-align: bottom;">
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          <td style="width: 70%; vertical-align: bottom;">
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            <div style="text-align: right; color: #000000;">(411</div>
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          <td style="width: 0.75%; vertical-align: bottom;">
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(348</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
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          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: interest expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">683</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">913</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
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          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(85</div>
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          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">23</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: depreciation expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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            <div style="text-align: right; color: #000000;">916</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,143</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: amortization expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">784</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">784</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td style="width: 70%; vertical-align: bottom;">
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          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(7,408</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(1,791</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: stock-based compensation</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">421</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">421</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
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          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(1,070</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: litigation related professional expenses</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">2,138</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">186</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: investigation and restatement expenses</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,408</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: integration and acquisition costs</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">24</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">
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          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,489</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">2,039</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 4px;">
            <div style="color: #000000;">Adjusted EBITDA</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
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          <td style="width: 10.87%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(5,919</div>
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          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">248</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div style="margin-top: 10pt; margin-bottom: 7pt; font-weight: bold;">Reconciliation of Net Loss to Non-GAAP Net Loss</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z0d55f4f4673a40d795ede212ddce52b0">

        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="7" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Three months ended March 31,</div>
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        <tr>
          <td style="vertical-align: bottom; width: 70%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-size: 8pt; font-weight: bold;">($&#160;in&#160;thousands)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">2020</div>
          </td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">2019</div>
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        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: #000000;">Net loss</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(9,295</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(4,306</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
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        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: #000000;">Non-GAAP adjustments:</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Non-cash portion of income tax provision</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">5</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">5</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Amortization expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">784</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">784</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Stock-based compensation</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">421</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">421</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Change in fair value of derivative</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(1,070</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Litigation related professional fees</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">2,138</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">186</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Investigation and restatement expenses</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,408</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Integration and acquisition costs</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">24</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 4px;">
            <div style="color: #000000;">Non-GAAP net loss</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(7,017</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(1,478</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
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    </table>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <div style="margin-top: 10pt; margin-bottom: 7pt; font-weight: bold;">Reconciliation of Net Loss to Adjusted EBITDA</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td rowspan="1" style="vertical-align: bottom; width: 70%; padding-bottom: 2px;">&#160;</td>
          <td rowspan="1" style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td rowspan="1" colspan="7" style="vertical-align: bottom; text-align: center; border-bottom: 2px solid rgb(0, 0, 0);"><font style="font-weight: bold; font-size: 8pt;">Nine months ended March 31,</font><br>
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        <tr>
          <td style="vertical-align: bottom; width: 70%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: #000000; font-size: 8pt; font-weight: bold;">($&#160;in&#160;thousands)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">2020</div>
          </td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">2019</div>
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        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: #000000;">Net loss</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(29,181</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(20,032</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
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          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Less: interest income</div>
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          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(988</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(1,245</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: interest expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,981</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">2,518</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: income tax provision</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">46</div>
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          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">60</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: depreciation expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">2,840</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">3,530</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: amortization expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">2,353</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">2,369</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: #000000;">EBITDA</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(22,949</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(12,800</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: stock-based compensation</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">2,453</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,393</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Less: change in fair value of derivative</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(1,070</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: litigation related professional expenses</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">3,367</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">289</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: investigation and restatement expenses</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">4,303</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">13,122</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Plus: integration and acquisition costs</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,127</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">
            <div style="color: #000000;">Adjustments to EBITDA</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">9,053</div>
          </td>
          <td style="vertical-align: top; width: 0.75%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 2%; padding-bottom: 2px;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">15,931</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 4px;">
            <div style="color: #000000;">Adjusted EBITDA</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(13,896</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">3,131</div>
          </td>
          <td style="width: 0.75%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div style="margin-top: 10pt; margin-bottom: 7pt; font-weight: bold;">Reconciliation of Net Loss to Non-GAAP Net Loss</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z5be9813d8c2048d1864c621a4b02a99b">

        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="7" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">Nine months ended March 31,</div>
          </td>
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        <tr>
          <td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; width: 70%;">
            <div style="color: #000000; font-size: 8pt; font-weight: bold;">($&#160;in&#160;thousands)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">2020</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-size: 8pt; font-weight: bold;">2019</div>
          </td>
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        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: #000000;">Net loss</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(29,181</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(20,032</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: #000000;">Non-GAAP adjustments:</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="3" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Non-cash portion of income tax provision</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">15</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">14</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Amortization expense</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">2,353</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">2,369</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Stock-based compensation</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">2,453</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,393</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Change in fair value of derivative</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">(1,070</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom;">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Litigation related professional fees</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">3,367</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">289</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Investigation and restatement expenses</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">4,303</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">13,122</div>
          </td>
          <td style="width: 0.75%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; margin-left: 9pt;">Integration and acquisition costs</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">&#8212;</div>
          </td>
          <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 0.75%;">&#160;</td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom;">
            <div style="text-align: right; color: #000000;">1,127</div>
          </td>
          <td style="border-bottom: 2px solid #000000; vertical-align: top; width: 0.75%;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; padding-bottom: 4px;">
            <div style="color: #000000;">Non-GAAP net loss</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(17,760</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
          <td style="width: 2%; vertical-align: bottom; padding-bottom: 4px;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">$</div>
          </td>
          <td style="width: 10.87%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">(1,718</div>
          </td>
          <td style="width: 0.75%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="color: #000000;">)</div>
          </td>
        </tr>

    </table>
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        <div><br>
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      </div>
      <div style="font-family: 'Times New Roman'; font-size: 12pt; font-weight: bold;">Media and Investor Relations Contact:</div>
      <div style="font-family: 'Times New Roman'; font-size: 12pt;">Alicia V. Nieva-Woodgate</div>
      <div style="font-family: 'Times New Roman'; font-size: 12pt;">USA Technologies</div>
      <div style="font-family: 'Times New Roman'; font-size: 12pt;">+1 720.808.0086</div>
      <div style="font-family: 'Times New Roman'; font-size: 12pt;">anievawoodgate@usatech.com</div>
    </div>
    <div style="margin-top: 15pt;"><br>
    </div>
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</SEC-DOCUMENT>
