USmart Mobile Device Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $888,300 compared to a net loss of $865,700 in the same period last year. The majority of its sales came from selling memory products.

Net revenue was $14,500,000, compared to $42,400,000 in the same period last year. Earnings per diluted share were $0.02 for the quarter ended March 31, 2013 compared to loss per share diluted was $0.03 in the same period last year.