USA Technologies Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported 19% increase in total revenues to $9 million from $7.5 million reported in the same period last year. Revenue growth was fueled by a 26% growth in license and transaction fees, offset by a $125,000 decline in equipment sales compared to the third quarter of fiscal 2012. Net loss applicable to common shares was $1.3 million or $0.04 per basic and diluted share against $0.9 million or $0.03 per basic and diluted share reported last year. Operating income was $0.4 million against operating loss of $0.6 million and loss before provision for income taxes was $1.0 million against $0.5 million reported last year. Net cash used in operating activities was $0.2 million against net cash provided by operating activities of $0.2 million, purchase of property and equipment was $0.03 million against $0.03 million and purchase of property for rental program was $1.8 million against $1.2 million reported last year. Adjusted EBITDA was $1.7 million, up from $0.3 million. Non-GAAP net income was $293,011, up from a non-GAAP net loss of $633,692 in the same quarter a year ago. On a non-GAAP basis, net loss per common share was $0.0 for compared to $0.03 for the same period in fiscal 2012. Non-GAAP operating income was $0.4 million against non-GAAP operating loss of $0.6 million reported last year. For the nine months, the company reported total revenues of $26.3 million compared to $21.1 million reported in the same period last year. Operating income was $0.5 million against operating loss of $4.4 million and loss before provision for income taxes was $0.8 million against $2.4 million reported last year. Net loss applicable to common shares was $1.5 million or $0.05 per basic and diluted share against $3.1 million or $0.10 per basic and diluted share reported last year. Net cash provided by operating activities was $2.4 million against net cash used in operating activities of $2.8 million, purchase of property and equipment was $0.08 million against $0.4 million and purchase of property for rental program was $6.3 million against $3.3 million reported last year.

USA Technologies Inc. to showcase ePort Mobile(TM) --an extension of USAT's ePort Connect(R) service--at the 2013 ETA Annual Meeting & Expo, at the New Orleans Convention Center in New Orleans. ePort Mobile is a mobile acceptance solution for credit and debit cards that is supported by USAT's ePort Connect(R) service, a comprehensive platform designed to make accepting credit, debit and other forms of cashless payment easy and scalable. ePort Mobile is available as a download from the iTunes and Google Play Store, and is also available through USAT as an All-In-One solution that includes the phone and data plan. Packaged as an All-In-One payments solution, ePort Mobile customers will receive: Android phone, pre-loaded app, encrypted reader, payment processing services powered by USAT's ePort Connect service. ePort Mobile specifications include: iOS 4.1 and Android 2.3+ compatibility; Signature capture; Receipts on demand via email; Reporting via mobile device and USAT's web portal, USA Live; Level 1 PCI Compliant.

USA Technologies Inc. announced that the company will be introducing its recently expanded ePort Connect(R) service for cashless payment, M2M telemetry and consumer engagement services uniquely designed for the small-ticket, self-serve retailing industries at the 2013 ETA Annual Meeting & Expo, April 30-May 2, at the New Orleans Convention Center in New Orleans. ePort Connect was designed to be easily managed and scalable as businesses continue to transition to cashless payments in the self-service, unattended market. Customers benefit from: the ease and convenience of a turnkey system, PCI compliance, integrated wireless activation, distribution and account management, pre-negotiated, discounted fees on small-ticket purchases, a single, blended rate for transaction processing, 24 x 7 customer service, web-based portal for reporting cash and cashless sales activity, value-added services including deployment planning, two-tier pricing capabilities and over-the-air updates. In addition, USAT has recently expanded its suite of services to include: Loyalty and Prepaid Program, including customized options, Mobile Marketing app, including a machine locator developed using technology from Verizon, Mobile payment and "Fifth Vend Free" loyalty promotion (recently announced by USAT and Isis), ePort Mobile--a mobile based, payment acceptance solution for customers "on the go".