Exhibit 99.1

(a)  Adjusted earnings before income taxes, depreciation, and amortization (“Adjusted EBITDA”) is a non-GAAP measurement. See Reconciliations of Non-GAAP Measures for a reconciliation of Adjusted EBITDA to net loss

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All statements other than statements of historical fact included in this release, including without limitation USAT’s future prospects and performance, the business strategy and the plans and objectives of USAT's management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “guidance,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable 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 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 uncertainties associated with COVID-19, including its possible effects on USAT’s operations, financial condition and the demand for USAT’s products and services; the ability of USAT to predict or estimate its future quarterly or annual revenue and expenses given the developing and unpredictable market for its products; 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; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols; 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; disruptions to our systems, breaches in the security of transactions involving our products or services, or failure of our processing systems; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission, including but not limited to its Annual Report on Form 10-K for the year ended June 30, 2020 and its Quarterly Reports on Form 10-Q for the quarters ended September 30, 2020 and December 31, 2020. 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. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.

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Basis of Presentation and Preparation of Our Condensed Consolidated Financial Statements

As part of the Company’s financial statement close process for the quarter ended December 31, 2020, management identified that the previously reported reclassification amounts from Selling, general and administrative expenses to Investigation, proxy solicitation and restatement expenses as disclosed in the June 30, 2020 Annual Report on Form 10-K and the September 30, 2020 Quarterly Report on Form 10-Q needed to be revised to properly reflect expense accrual amounts for certain vendors that were incorrectly excluded from the previously calculated amounts. These revisions to the reclassification amounts do not affect the previously reported Depreciation and amortization, Total operating expenses or Net loss for the quarters ended September 30, 2019, December 31, 2019, March 31, 2020, June 30, 2020 or the full year ended June 30, 2020 and other interim reporting periods. The Company analyzed the potential impact of the reclassification error in accordance with the appropriate guidance, from both a qualitative and quantitative perspective, and concluded that the error was not material to any individual interim or annual period.

Operating expenses for each quarter of fiscal year 2020 and other reporting periods before and after the revision discussed above are as follows:

		Three months ended																Other reporting periods
($ in thousands)		September 30, 2019				December 31, 2019				March 31, 2020				June 30, 2020				Year ended June 30, 2020				Six months ended December 31, 2019				Nine months ended March 31, 2020
Selling, general and administrative, before revision (a) (b)		$	17,196			$	12,520			$	18,065			$	12,485			$	60,266			$	29,716			$	47,781
Investigation, proxy solicitation and restatement expenses, before revision (a) (b)		4,476				6,918				2,004				7,894				21,292				11,394				13,398
Additional amounts reclassified from (to) Selling, general and administrative to (from) Investigation, proxy solicitation and restatement expenses		2,015				(3,641)				2,177				(2,033)				(1,482)				(1,626)				551
Selling, general and administrative, after revision (c)		15,181				16,161				15,888				14,518				61,748				31,342				47,230
Investigation, proxy solicitation and restatement expenses, after revision (c)		6,491				3,277				4,181				5,861				19,810				9,768				13,949
Depreciation and amortization, no change (a) (b) (d)		1,022				1,080				1,107				1,098				4,307				2,102				3,209
Total operating expenses, no change (a) (b) (d)		$	22,694			$	20,518			$	21,176			$	21,477			$	85,865			$	43,212			$	64,388

		Three months ended December 31,
($ in thousands, including endnotes to table)		2020				2019
U.S. GAAP net loss		$	(2,902)			$	(8,378)
Less: interest income		(325)				(283)
Plus: interest expense		596				833
Plus: income tax provision		49				72
Plus: depreciation expense included in cost of sales for rentals		515				757
Plus: depreciation and amortization expense in operating expenses		1,052				1,080
EBITDA		(1,015)				(5,919)
Plus: stock-based compensation (a)		1,640				1,742
Plus: investigation, proxy solicitation and restatement expenses (b) (c)		—				3,277
Plus: asset impairment charge (b)		333				—
Adjustments to EBITDA		1,973				5,019
Adjusted EBITDA (d) (e)		$	958			$	(900)

(a)	As an adjustment to EBITDA, we have excluded stock-based compensation, as it does not reflect our cash-based operations.
(b)	As an adjustment to EBITDA, we have excluded the professional fees incurred in connection with the non-recurring costs and expenses related to the 2019 Investigation, financial statement restatement activities, and proxy solicitation costs, and non-cash impairment charges related to long-lived assets because we believe that they represent charges that are not related to our operations.
(c)	The previously reported amounts for the three months ended December 31, 2019 were reclassified to include additional operating expenses that related to non-recurring professional services fees. The adjustment amount for the three months ended December 31, 2019 has been revised as disclosed in the basis of presentation and preparation section of Note 1 to the interim Condensed Consolidated Financial Statements.
(d)	As a result of the adjustment noted in (c), the Adjusted EBITDA for the year ended June 30, 2020 and three months ended June 30, 2020 as previously reported in the Company’s June 30, 2020 Annual Report on Form 10-K  should be revised from $(8,253) to $(9,735) and $(85) to $(2,118) respectively.  Similarly, the Adjusted EBITDA for the three months ended September 30, 2019 as previously reported in the Company’s September 30, 2020 Quarterly Report on Form 10-Q  should be revised from $(4,856) to $(2,841).
(e)	As a result of the adjustment noted in (c) and the subsequent revision to the reclassification amounts as noted in Note 1 to the interim Condensed Consolidated Financial Statements., the Adjusted EBITDA for the three months ended December 31, 2019 as previously reported in the Company’s December 31, 2019 Quarterly Report on Form 10-Q should have been revised from $(2,324) million to $(900) as presented in table above.

	As of and for the three months ended
	December 31, 2020			September 30, 2020			June 30,  2020			March 31, 2020			December 31, 2019
Devices, new presentation:
Active Devices	1,154,932			1,133,754			1,117,805			1,103,242			1,089,406
Net New Active Devices	21,178			15,949			14,563			13,836			25,744
Customers:
Active Customers	18,304			17,760			17,249			16,808			16,489
Net Change in Active Customers	544			511			441			319			479
Volumes:
Total Number of Transactions (millions)	211.8			201.9			167.7			237.3			243.4
Total Dollar Volume of Transactions (millions)	422.6			406.3			329.1			462.7			476.4
Financing structure of Devices:
JumpStart	4.3	%		3.0	%		6.2	%		1.4	%		4.3	%
QuickStart & all others (a)	95.7	%		97.0	%		93.8	%		98.6	%		95.7	%
Total	100.0	%		100.0	%		100.0	%		100.0	%		100.0	%

upon shipment of an activated device or the activation of a non-device location on our platform to a customer under contract. If a customer provides sufficient notice to deactivate a device or non-device location, in accordance with the terms of the contract, we stop counting the existing connection as a connection after the applicable notice period. A previously installed telemeter or cashless payment system that is no longer being utilized by our customer is still considered and reported as an existing connection until the customer requests deactivation and the contractual notice period has expired.

	As of and for the three months ended
	December 31, 2020			September 30, 2020			June 30,  2020			March 31, 2020			December 31, 2019
Total connections, historical presentation	1,358,000			1,335,000			1,320,000			1,289,000			1,255,000