LANCASTER, Calif., April 29, 2025 /PRNewswire/ -- Legacy Education Inc. (NYSE American: LGCY) ("Legacy" or "Legacy Education"), a leading for-profit provider of nursing and allied health education, has formed an Advisory Board to support the company's strategic direction as it expands its national footprint and program offerings.The Advisory Board will play a key role in advising Legacy's leadership team on mergers and acquisitions, clinical site expansion, strategic partnerships, and industry engagement. I ...

Company Overview - Legacy Education Inc. is a leading provider of career-focused education and training, primarily in the healthcare field, offering certificates and degrees in various disciplines such as nursing, medical technicians, and dental assisting [3] - The company was founded in 2009 and is nationally accredited, focusing on providing high-quality, accessible, and affordable education [3] - Legacy Education aims to grow its educational footprint through organic enrollment growth, the addition of new programs, and accretive acquisitions [3] Conference Participation - Legacy Education will participate in the 37th Annual ROTH Conference from March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, California, which connects growth-oriented companies with investors and industry leaders [1] - The CEO, LeeAnn Rohmann, and CFO, Brandon Pope, will hold one-on-one and small group meetings with institutional investors during the event to provide an overview of the company [2]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 increased by 29.2% year-over-year to $13.6 million, driven by enrollment growth and expansion in high-demand health care programs [11][23] - Net income reached $1.4 million, reflecting an 8.5% growth year-over-year [23] - EBITDA was reported at $1.8 million, a 3.6% increase year-over-year, while adjusted EBITDA was $1.9 million, showing a 10.1% growth year-over-year [23] - For the six months ended December 31, 2024, revenue totaled $27.6 million, a 32.1% growth year-over-year, with net income at $3.5 million, representing a 47.9% increase year-over-year [24] Business Line Data and Key Metrics Changes - The student population grew by 44.8% year-over-year to 2,768 students, fueled by strong enrollments and the acquisition of Contra Costa Medical Career College [12][10] - New student starts increased by 3%, reflecting strong market demand and improved outreach strategies [11] Market Data and Key Metrics Changes - The company continues to expand its health care program offerings, including new programs such as Surgical Technology, Sterile Processing, Pharmacy Technician, and Dental Assistant [13] - The integration of Contra Costa Medical Career College added 14 new programs to the existing portfolio, enhancing market opportunities [18][45] Company Strategy and Development Direction - The company is focused on enrollment growth, expanding marketing reach, and launching additional health care and technical programs aligned with industry demand [26] - Legacy Education is exploring selective acquisitions to enhance its educational portfolio and geographic footprint [18][26] - The company remains confident in its standing despite regulatory scrutiny in the for-profit education sector, focusing on high-demand allied health programs [19][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the current administration's potential regulatory changes, indicating no anticipated challenges for funding current programs [32] - The company is witnessing robust demand for its programs, with leads performing to projections and an expectation for continued growth in Q3 [50][51] Other Important Information - The company successfully executed its emergency preparedness plan during the Los Angeles fires, transitioning students online with minimal disruption [14][15] - Cash reserves stand at $16.9 million, ensuring financial flexibility [24] Q&A Session Summary Question: Effects of the current administration on student support and funding - Management is monitoring discussions within the Department of Education and does not foresee challenges regarding funding for current programs [32] Question: Details on the Surgical Technology program - The Surgical Technology program is a new associate degree offering rolled out at the Salinas campus [35] Question: Insights on the M&A environment - The M&A pipeline remains strong, with many single-owner institutions looking for opportunities to exit the market [38] Question: Stronger than anticipated programs in December quarter - Cardiac Sonography, MRI, and Nursing programs showed particularly strong enrollment [43] Question: Clarification on the integration of Contra Costa Medical Career College - The acquisition added 14 programs to the existing offerings, enhancing the educational portfolio [45] Question: Changes in the acquisition pipeline post-administration change - There has been an increase in the acquisition pipeline as some institutions see this as an opportunistic time to exit [48] Question: Enrollment trends in January and February - Demand for programs remains robust, with leads performing well against projections [50][51]

Exhibit 99.1 Legacy Education Inc. Reports Strong Q2 FY 2025 Growth with 29% Revenue Increase and Record Enrollment Lancaster, California, February 13, 2025 (PR Newswire) — Legacy Education Inc. (NYSE American: LGCY), an award-winning, nationally accredited, for-profit post-secondary education company, today announced financial and operating results for the fiscal second quarter ended December 31, 2024. Legacy Education Inc. will host a conference call to discuss its first quarter financial results on Thurs ...

Core Insights - Legacy Education Inc. reported strong financial results for the second fiscal quarter ended December 31, 2024, with significant growth in revenue and student enrollment [3][5][10] Financial Highlights - Revenue for the quarter increased by 29.2% to approximately $13.6 million compared to $10.5 million in the same quarter of the previous year [5][6] - New student starts rose by 3.0%, contributing to a total student population of 2,768, which is a 44.8% increase from the prior year [5][6] - EBITDA for the quarter was $1.8 million, with adjusted EBITDA at $1.9 million [5][14] - Net income for the quarter was $1.4 million, translating to diluted earnings per share of $0.10 [5][10] Year-to-Date Financial Results - For the six months ended December 31, 2024, revenue grew by 32.1% to approximately $27.6 million from $20.9 million in the same period of the previous year [10] - New student starts increased by 16.2%, with total enrollment reaching 2,768 [10] - Year-to-date net income was $3.5 million, with diluted earnings per share of $0.29 [10][14] Operational Insights - The acquisition of Contra Costa Medical Career College (CCMCC) added 389 students and is expected to enhance the company's growth strategy [3][5] - The company is focused on meeting the rising demand for skilled healthcare professionals through strategic investments in programs and facilities [3][5] Balance Sheet Highlights - As of December 31, 2024, Legacy Education reported total assets of approximately $62.1 million and total stockholders' equity of approximately $36.4 million [11]

Acquisition and Regulatory Approvals - Legacy Education Inc. acquired Contra Costa Medical Career College for a total consideration of $6,133,079 in cash, a $400,000 promissory note, and 118,906 shares of common stock[157]. - The acquisition of Contra Costa Medical Career College is subject to regulatory approvals, including a temporary provisional program participation agreement allowing it to continue participating in Title IV Programs[160]. - Legacy Education submitted an application for a change of business organization to the California Bureau for Private Postsecondary Education on January 16, 2025, which was approved on January 31, 2025[162]. - Legacy Education is undergoing a change of ownership review by the Department of Education, which may affect its eligibility for Title IV Programs[161]. - Legacy Education's acquisition of Contra Costa Medical Career College was completed on December 18, 2024, following a previously announced asset purchase agreement[156]. - The company is subject to conditions imposed by the Department of Education due to the change of ownership, including restrictions on growth and financial reporting requirements[160]. - Future regulatory actions by the Department of Education may require changes to business practices and incur compliance costs[164]. Enrollment and Program Development - As of December 31, 2024, High Desert Medical College had 1,774 students enrolled, while Central Coast College had 448 students, and Integrity College of Health had 157 students[150][152][154]. - The company plans to introduce new programs, including an emergency medical technician (EMT) program at both High Desert Medical College and Integrity College of Health starting in October 2024[150][154]. - The company is in the process of obtaining approvals for additional programs at Central Coast College, including surgical technology and dental assisting, expected to begin in October 2024[152]. Financial Performance - Revenue for the three months ended December 31, 2024, was approximately $13.7 million, an increase of approximately $3.2 million or 29.2% compared to $10.5 million for the same period in 2023[190]. - Ending enrollment increased by 44.8% from 1,912 to 2,768, supported by a 3.0% increase in starts from 337 to 347 in the quarter compared to the prior year, along with the acquisition of CCMCC adding 389 students[190]. - Educational services expense was approximately $7.5 million for the three months ended December 31, 2024, an increase of approximately $2.0 million or 35.3% compared to $5.5 million for the same period in 2023[191]. - General and administrative expense was approximately $4.3 million for the three months ended December 31, 2024, an increase of approximately $1.1 million or 32.5% compared to $3.2 million for the same period in 2023[192]. - Net income for the three months ended December 31, 2024, was approximately $1.4 million, an increase of approximately $0.1 million or 8.5% compared to $1.3 million for the same period in 2023[194]. - Total costs and expenses for the three months ended December 31, 2024, were 87.8% of revenue, an increase of 3.3% compared to 84.5% for the same period in 2023[190]. - Operating income decreased to 12.2% for the three months ended December 31, 2024, down from 15.5% for the same period in 2023[190]. - Interest income increased to 2.1% for the three months ended December 31, 2024, compared to 1.7% for the same period in 2023[190]. - Income tax expense remained stable at approximately $0.5 million for both the three months ended December 31, 2024, and 2023[194]. - Revenue increased to approximately $27.6 million for the six months ended December 31, 2024, up by approximately $6.7 million or 32.1% from $20.9 million in the same period of 2023, driven by a 44.8% increase in ending enrollment[195]. - Educational services expense rose to approximately $14.7 million, an increase of approximately $3.5 million or 30.4% compared to $11.3 million in the prior year, primarily due to increased instructional and staffing costs[196]. - General and administrative expense increased to approximately $8.3 million, up by approximately $1.9 million or 29.2% from $6.4 million in the previous year, mainly due to higher marketing expenses and professional fees[197]. - Net income for the six months ended December 31, 2024, was approximately $3.5 million, reflecting an increase of approximately $1.1 million or 47.9% from $2.4 million in the same period of 2023[200]. Cash Flow and Expenditures - Cash and cash equivalents were approximately $16.9 million as of December 31, 2024, compared to $10.4 million as of June 30, 2024[201]. - Net cash provided by operating activities was approximately $3.8 million for the six months ended December 31, 2024, an increase of approximately $0.9 million from $2.9 million in the prior year[206]. - Net cash used in investing activities increased to approximately $6.6 million, primarily due to the acquisition of CCMCC for $6.1 million[207]. - Net cash provided by financing activities was approximately $9.2 million for the six months ended December 31, 2024, a significant increase from net cash used of approximately $0.3 million in the same period of 2023, attributed to proceeds from the initial public offering[208]. - Income tax expense increased to approximately $1.3 million, up by approximately $0.4 million or 45.9% from $0.9 million in the previous year, primarily due to increased income[199]. - Capital expenditures were approximately $0.4 million for the six months ended December 31, 2024, compared to $0.3 million in the same period of 2023[203].

Group 1 - Legacy Education Inc. (LGCY) is part of the Consumer Discretionary sector, which ranks 5 in the Zacks Sector Rank among 16 sector groups [2] - LGCY has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] - The Zacks Consensus Estimate for LGCY's full-year earnings has increased by 13.9% in the past quarter, reflecting improved analyst sentiment [4] Group 2 - Year-to-date, LGCY has returned 5.9%, outperforming the Consumer Discretionary sector average return of 5.7% [4] - LGCY belongs to the Schools industry, which ranks 37 in the Zacks Industry Rank, and has slightly underperformed its industry with an average gain of 10.4% [6] - Another stock in the Consumer Discretionary sector, Lionsgate Studios Corp. (LION), has returned 12.5% year-to-date and has a Zacks Rank of 2 (Buy) [5][7]

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the use of a specific screening strategy to find stocks with strong fundamentals and positive momentum. Group 1: Stock Screening and Selection - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with sufficient fundamental strength to sustain their recent upward trends [3] - Legacy Education Inc. (LGCY) is highlighted as a suitable candidate from this screen, having experienced a price increase of 70.1% over the past 12 weeks, indicating strong investor interest [4] - LGCY has also seen a price increase of 15.3% over the last four weeks, suggesting that the upward trend is still intact [5] Group 2: Fundamental Analysis - LGCY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7] Group 3: Market Position and Future Outlook - LGCY is currently trading at 89.1% of its 52-week high-low range, indicating a potential breakout opportunity [5] - The article suggests that the price trend for LGCY is unlikely to reverse soon, and encourages investors to explore other stocks that meet similar criteria [8]

Company Overview - Legacy Education Inc. is a for-profit post-secondary education company founded in 2009, focused on career-oriented education primarily in the healthcare field [3] - The company offers certificates and degrees in various disciplines including nursing, medical technicians, dental assisting, and business administration [3] - Legacy Education aims to provide high-quality, accessible, and affordable education, with a commitment to organic enrollment growth, new program additions, and accretive acquisitions [3] Upcoming Financial Results - Legacy Education will host a conference call to discuss its second quarter financial results on February 13, 2025, at 4:30 p.m. Eastern time [1] - A news release detailing the financial results will be issued by 4:05 p.m. Eastern time on the same day [1] - Participants can access the live webcast through the investor relations section of the Legacy Education website and are encouraged to register in advance [2]

LANCASTER, Calif., Dec. 18, 2024 /PRNewswire/ -- Legacy Education Inc. ("Legacy Education" or the "Company") (NYSE American: LGCY), a leader in career-focused educational services, is proud to announce the successful completion of its acquisition of Contra Costa Medical Career College ("CCMCC"), located in Antioch, California, pursuant to the execution of its previously announced asset purchase agreement ("APA") on October 30, 2024 for a purchase price of $8,000,000. The purchase price is as follows: (i) $6 ...