October 01, 2015 (Shareholders Foundation) - An investigation on behalf of investors of USA Technologies, Inc. (NASDAQ:USAT) shares over potential securities laws violations by USA Technologies and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of USA Technologies, Inc. (NASDAQ:USAT) concerning whether a series of statements by USA Technologies regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

USA Technologies, Inc. (NASDAQ:USAT) grew from $1.55 per share in December 2014 to as high as $3.48 per share in July 2015.

On August31, 2015, USA Technologies, Inc. scheduled its fourth quarter and fiscal year 2015 earnings release and conference Call on September 10, 2015.

On September 10, 2015, USA Technologies announced its fourth quarter and Fiscal Year 2015 results. USA Technologies, Inc. reported that its Total Revenue rose from $42.34 million for the 12 months period that ended on June 30, 2014 to $58.08 million for the 12 months period that ended on June 30, 2015 while its Net Income of $27.53 million for the 12 months period that ended on June 30, 2014 turned into a Net Loss of $0.82 million for the 12 months period that ended on June 30, 2015.

Then on September 29, 2015, USA Technologies, Inc. filed for an extension because the company determined that it was not able to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2015 within the prescribed time period without unreasonable effort or expense.

On September 30, 2015, USA Technologies, Inc. commented on the extension request of Form 10-K.

Shares of USA Technologies, Inc. (NASDAQ:USAT) declined to as low as $2.33 per share on October 1, 2015.