The Cash Store Financial Services, Inc. reported revenue results for the second quarter and six months ended March 31, 2013. For the quarter, the company's revenue was $46.7 million, up from $42.1 million for the same quarter last year. March 31, 2012 reflected a $3.2 million deferred revenue charge and was based on 596 branches when compared to 538 for the period ended March 31, 2013. Same branch revenue increased to $84,000 from $73,000 in the same quarter last year.

For the six months, the company's revenue increased to $96.2 million from $87.9 million for the same period last year. March 31, 2012 reflected a $3.2 million deferred revenue charge and was based on 596 branches when compared to 538 for the period ended March 31, 2013. Same branch revenue increased to $174,000 from $154,000 in the same period last year.

The company provided earnings guidance for the second quarter and six months ended March 31, 2013. For the quarter, adjusted EBITDA will be in the range of $6.2 million to $6.4 million compared to $1.1 million for the same quarter last year.

For the six months, adjusted EBITDA will be in the range of $15.4 million to $15.6 million compared to $10.5 million for the same period last year.

The release of the company's financial statements for the three and six month periods ended March 31, 2013 has been delayed briefly due to a recently identified change in accounting treatment related to the British Columbia class action lawsuit settlement accrual which will result in an increase in the company's expense of $8.2 million. This increase brings the total amount expensed to the maximum exposure of $18.8 million. The maximum amount of the potential liability was first disclosed in the notes to the financial statements in March 2010, and disclosed thereafter in the annual and quarterly financial statements. The maximum potential exposure consists of approximately $6.2 million in cash, approximately $6.2 million in coupons, and $6.4 million in legal fees which was paid to the plaintiff's counsel in 2010. After cash and credit vouchers have been disbursed by the Settlement Administrator, the remaining accrual for unclaimed credit vouchers as of March 31, 2013 is approximately $6.0 million. The company will revise its accrual for the settlement to the extent that the applicable de-recognition criteria have been met. Management has not yet determined the impact of this change on the current period's financial statements and those of previous periods.