Higher One Holdings, Inc. reported company and consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, consolidated net profit was THB 42,522,000 or THB 2.38 per share compared with THB 45,453,000 or THB 2.55 per share for the same period last year. For the quarter company reported net profit was THB 41,208,000 or THB 2.31 per share compared with THB 43,707,000 or THB 2.45 per share for the same period last year.

On May 2, 2013, Higher One Holdings, Inc. board of directors appointed Casey McGuane, as Chief Operating Officer, effective May 7, 2013. As of May 7, 2013, Miles Lasater will no longer serve as Chief Operations Officer, but will continue to serve as President of Higher One and will focus his time and efforts on marketing and product innovation. From January 2009 until May 7, 2013, Mr. McGuane served as Higher One's Chief Service Officer. From 2005 to 2008, Mr. McGuane served as Higher One's Senior Vice President of Client Operations and, from 2000 to 2005, he served as Higher One's Vice President of Client Operations.

Higher One Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $57,380,000 against $57,781,000 a year ago. Income from operations was $16,343,000 against $21,458,000 a year ago. Net income before income taxes was $15,810,000 against $21,458,000 a year ago. Net income available to common stockholders was $9,802,000 or $0.20 per diluted share against $13,388,000 or $0.23 per diluted share a year ago. Net cash provided by operating activities was $22,534,000 against $32,200,000 a year ago. EBITDA was $19,531,000 against $23,748,000 a year ago. Non-GAAP adjusted EBITDA was $21,562,000 against $25,158,000 a year ago. Non-GAAP adjusted net income was $12,001,000 against $14,949,000 a year ago. Non GAAP adjusted diluted EPS was $0.25 against $0.25 a year ago. The company updated its full-year ending December 31, 2013. GAAP and non-GAAP revenue will be range between $220.0 million to $230.0 million and $220.0 million to $230.0 million respectively. GAAP and non-GAAP diluted EPS to range between $0.42 to $0.48 and $0.58 to $0.64 respectively. For 2013, the company expects CapEx to be in the range of 6% to 8% of revenue and in the first quarter, it was approximately 3.3% of revenue.