In fiscal 2012, we expanded our customer base by 69%, and it's now tripled what it was two years ago. Going forward, we anticipate these 3,300 customers will be an important part of our growth story as we cultivate existing relationships and help drive further penetration in those accounts. As a result of these customer wins in fiscal 2012, our installed base of connections to our ePort Connect service grew by 38% from 119,000 to 164,000 as of June 30, 2012.Fiscal 2012 was clearly packed with a number of important milestones for the business and certainly a number of unexpected challenges and events. We managed through the unintended consequences of the Durbin amendment and unexpected CEO separation and found ourselves engaged in a costly and distracting proxy contest right when the business was coming to scale. As you can see from the financial results for the fourth quarter, the contest related litigation cost the company $2.2 million in the fourth quarter.
USA Technologies' CEO Discusses Q4 Results - Earnings Call Transcript
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