Core Insights - Legacy Education Inc. will participate in the 38th Annual ROTH Conference from March 22-24, 2026, providing a platform for growth-oriented companies to connect with investors and industry leaders [1][2] Company Overview - Legacy Education is a nationally accredited, for-profit post-secondary education company founded in 2009, focusing on career education primarily in the healthcare field [2] - The company offers a variety of programs including nursing, sonography, medical technicians, dental assisting, and business administration, aiming to provide high-quality, accessible, and affordable education [2] - Legacy Education is committed to expanding its educational footprint through organic enrollment growth, new program additions, and accretive acquisitions [2] Conference Participation - CEO LeeAnn Rohmann and CFO Brandon Pope will hold one-on-one and small group meetings with institutional investors during the ROTH Conference to provide an overview of the company [2]

Core Viewpoint - Legacy Education Inc. announced that Integrity College of Health received a six-year reaccreditation grant from the Accrediting Bureau of Health Education Schools, marking the longest term awarded and reflecting confidence in the college's academic quality and operational standards [1]. Company Overview - Legacy Education Inc. is a leading provider of career education in healthcare, founded in 2009, and is publicly traded on NYSE American under the ticker LGCY [1]. - The company focuses on providing accessible and affordable education, primarily in healthcare fields, offering various certificates and degrees [1]. Accreditation Details - Integrity College of Health, located in Pasadena, California, was founded in 2007 and offers seven career-focused healthcare training programs [1]. - The reaccreditation from ABHES affirms the strength of ICH's academic delivery, student outcomes, and operational standards, highlighting the commitment of faculty and staff [1]. Educational Programs - ICH offers programs including Medical Assisting, Medical Billing and Coding, Diagnostic Medical Sonography, Sterile Processing Technician, Veterinary Assistant, Vocational Nursing, and an RN-BSN Bachelor of Science degree [1].

分组1 - Legacy Education Inc. reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.13 per share, and showing an increase from $0.10 per share a year ago, resulting in an earnings surprise of +15.39% [1] - The company achieved revenues of $19.19 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.48%, and up from $13.64 million year-over-year [2] - Legacy Education Inc. has outperformed the market with a 3% increase in share price since the beginning of the year, compared to the S&P 500's gain of 1.4% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $19.5 million, and for the current fiscal year, it is $0.66 on revenues of $76.6 million [7] - The Zacks Industry Rank for Schools is in the top 27% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Legacy Education Inc. holds a Zacks Rank 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6]

Financial Data and Key Metrics Changes - Revenue grew 40.7% year-over-year to $19.2 million, marking the fourteenth consecutive quarter of double-digit revenue growth [7][15] - Adjusted EBITDA increased 61.6% to $3 million, reflecting scale and effective cost management [8][15] - Net income rose 46% to $2 million, or $0.15 per diluted share, up from $0.10 in the prior year quarter [8][16] - Year-to-date revenue for six months ended December 31, 2025, grew 39.6% to $38.6 million [18] Business Line Data and Key Metrics Changes - New student starts increased by 49.4% to 593 from 397 last year, driven by strong enrollment and disciplined marketing execution [15][16] - Enrollment at Contra Costa Medical Career College topped all-time highs of over 500 students [10] Market Data and Key Metrics Changes - The healthcare occupation sector is projected to be the fastest-growing major industry from 2024 to 2034, with about 1.9 million openings projected each year on average [5][6] Company Strategy and Development Direction - The company is focused on scaling quality, improving outcomes, and training job-ready graduates for essential roles in healthcare [5][7] - Strategic priorities include sustained enrollment growth, curriculum expansion, and operational innovation [21][23] - The company is actively pursuing regulatory approvals for new programs and evaluating acquisition opportunities [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory and operational execution, emphasizing the importance of maintaining strong compliance and delivering quality education [25][26] - The company is positioned to navigate regulatory changes and is focused on delivering strong outcomes while maintaining transparency [25] Other Important Information - The company has a strong balance sheet with $21.1 million in cash and little debt at $600,000 [19] - Operating cash flow remains strong at $2.1 million, reflecting the timing of Title IV disbursements [19] Q&A Session Summary Question: Discussion on new student starts - Management noted that the increase in new student starts was driven by additional cohorts in programs like Diagnostic Medical Sonography and Surgical Technology [28][29] Question: Outlook on new programs - Management confirmed optimism about new program launches in Q3 and Q4, including Cardiac Sonography and MRI [31][32] Question: Acquisition pipeline - Management indicated that they are looking at both in-state and out-of-state acquisition opportunities, with a goal to announce a deal before the end of the fiscal year [38][46] Question: Hybrid program student commitments - Management stated that students in hybrid programs are typically full-time, balancing online theory with in-person lab sessions [47][48] Question: Revenue per student increase - Management explained that the increase in revenue per student is attributed to more students entering higher-margin programs [52]

Financial Data and Key Metrics Changes - Revenue grew 40.7% year-over-year to $19.2 million, marking the fourteenth consecutive quarter of double-digit revenue growth [7][15] - Adjusted EBITDA increased 61.6% to $3 million, reflecting scale and effective cost management [8][15] - Net income rose 46% to $2 million, or $0.15 per diluted share, up from $0.10 in the prior year quarter [8][16] - Year-to-date revenue for six months ended December 31, 2025, grew 39.6% to $38.6 million [18] Business Line Data and Key Metrics Changes - New student starts increased by 49.4% to 593 from 397 last year, driven by strong enrollment and disciplined marketing execution [15][16] - Enrollment at Contra Costa Medical Career College reached all-time highs of over 500 students [10] Market Data and Key Metrics Changes - The healthcare occupation sector is projected to be the fastest-growing major industry from 2024 to 2034, with about 1.9 million openings projected each year on average [5][6] Company Strategy and Development Direction - The company is focused on scaling quality, improving outcomes, and training job-ready graduates for essential roles in healthcare [5][7] - Strategic priorities include sustained enrollment growth, curriculum expansion, and operational innovation [21][23] - The company is pursuing additional regulatory approvals and evaluating accretive acquisitions to enhance growth [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory and operational execution, emphasizing the importance of maintaining high standards in curriculum and compliance [11][25] - The company is well-positioned to navigate regulatory changes and is focused on delivering strong outcomes for students [25][26] Other Important Information - The company has a strong balance sheet with $21.1 million in cash and little debt at $600,000 [19] - The effective tax rate increased to 28.9% from 27.3% due to fluctuations in stock option exercises [16] Q&A Session Summary Question: Discussion on new student starts - Management noted that the robust new student starts were driven by additional cohorts in hybrid programs and strong performance in vocational nursing and surgical tech programs [28][29] Question: Outlook on new program launches - Management confirmed optimism about new program launches in Q3 and Q4, including cardiac sonography and MRI programs [31][32] Question: Acquisition pipeline and geographic expansion - Management indicated that they are exploring acquisition opportunities both within and outside California, focusing on multi-campus opportunities [46][47] Question: Hybrid program structure and student commitments - Management clarified that hybrid programs require full-time commitment, with students balancing online theory and in-person lab sessions [50][51] Question: Revenue per student and program performance - Management explained that the increase in revenue per student is attributed to more students entering higher-margin programs and the impact of new enrollments [55]

Financial Data and Key Metrics Changes - Revenue grew 40.7% year-over-year to $19.2 million, marking the fourteenth consecutive quarter of double-digit revenue growth [6][7] - Adjusted EBITDA increased 61.6% to $3 million, reflecting scale and effective cost management [7][14] - Net income rose 46% to $2 million, or $0.15 per diluted share, up from $0.10 in the prior year quarter [7][15] - Year-to-date revenue for six months increased 39.6% to $38.6 million [17] Business Line Data and Key Metrics Changes - New student starts increased by 49.4% to 593 from 397 last year, driven by strong enrollment and disciplined marketing execution [14][15] - The company launched new programs, including MRI and cardiac sonography, contributing to enrollment growth [8][10] Market Data and Key Metrics Changes - The healthcare occupation sector is projected to be the fastest-growing major industry from 2024 to 2034, with about 1.9 million openings projected each year [5][6] - The aging population and expanded access to care are driving demand for skilled human expertise in healthcare [6] Company Strategy and Development Direction - The company is focused on scaling quality, improving outcomes, and training job-ready graduates for essential roles in healthcare [5][6] - Strategic priorities include sustained enrollment growth, curriculum expansion, and operational innovation [20][21] - The company is pursuing additional regulatory approvals and exploring both organic expansion and acquisitions [22][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate regulatory changes and maintain strong compliance [24] - The company is positioned for continued investment in growth, with a strong balance sheet and positive operating cash flow [25][24] Other Important Information - The company received reaccreditation for its Integrity College of Health campus, reflecting confidence in its academic delivery and student outcomes [10] - The integration of Contra Costa Medical Career College is complete, with enrollment reaching all-time highs [10] Q&A Session Summary Question: Discussion on new student starts - Management noted that the increase in new student starts was driven by additional cohorts in hybrid programs and strong performance in vocational nursing [27][30] Question: Outlook on new programs - Management confirmed that new programs starting in Q3 and Q4 are expected to support 20-30 student cohorts, with recurring starts every 3-6 months [35][36] Question: M&A activity and pipeline - Management indicated that they are exploring acquisition opportunities both within and outside California, with a goal to announce a deal within the fiscal year [36][44] Question: Hybrid program student commitments - Management stated that students in hybrid programs are primarily full-time, benefiting from the flexibility of online learning combined with in-person lab sessions [47][48] Question: Revenue per student increase - Management explained that the increase in revenue per student is attributed to more students entering higher-margin programs and the timing of revenue recognition [52]

Core Insights - Legacy Education Inc. reported a strong second quarter for fiscal 2026, with a revenue growth of 40.7% to $19.2 million and a significant increase in student enrollment [1][2] - The company experienced a 49.4% increase in new student starts, totaling 593, contributing to a 16.8% rise in the overall student population to 3,234 [1][2] - Adjusted EBITDA for the quarter rose by 61.6% to $3.0 million, reflecting improved profitability and operational efficiency [1][2] Financial Highlights - For the second quarter ended December 31, 2025, net income increased by 46% to $2.0 million, with diluted earnings per share rising by 50% to $0.15 [1][2] - General and administrative expenses rose by 40.4% to $6.1 million, primarily due to increased marketing expenses and professional fees [1][2] - Educational services expenses increased by approximately 37.6% to $10.3 million, driven by the need for additional instructional staff and resources to support the growing enrollment [1][2] Year-to-Date Performance - For the six months ended December 31, 2025, revenue grew by 39.6% to $38.6 million, with net income up 21.2% to $4.2 million [1][2] - New student starts for the six-month period increased by 37.2% to 1,710, contributing to a 16.8% rise in the ending student population [1][2] - Adjusted EBITDA for the six months reached $6.1 million, a 30.3% increase compared to the same period last year [1][2] Operational Insights - The company emphasized strong demand for its healthcare programs and effective execution in enrollment and student support as key drivers of growth [1][2] - Legacy Education aims to continue expanding its educational offerings and scaling its platform to meet increasing demand in the healthcare education sector [1][2]

Financial Performance - For the three months ended December 31, 2025, tuition and related income increased to $19,184,643, up 40.5% from $13,635,134 in the same period of 2024[19] - Operating income for the six months ended December 31, 2025, was $5,254,784, representing a 21.3% increase compared to $4,330,039 for the same period in 2024[19] - Net income for the three months ended December 31, 2025, was $2,042,701, a 46.0% increase from $1,399,046 in the prior year[19] - Net income for the six months ended December 31, 2025, was $4,229,661, an increase of 21.2% compared to $3,489,799 in 2024[25] - Total revenue for the three months ended December 31, 2025, was $19,184,643, representing a 40.5% increase from $13,635,134 in the same period of 2024[56] - Revenue for the three months ended December 31, 2025, was approximately $19.2 million, an increase of approximately $5.5 million or 40.7% compared to $13.7 million for the same period in 2024, driven by a 49.4% increase in new student starts to 593 from 397 last year[190] - Revenue for the six months ended December 31, 2025, was approximately $38.6 million, an increase of approximately $10.9 million or 39.6% compared to $27.6 million for the same period in 2024, supported by a 37.2% increase in new student starts to 1,710 from 1,246[195] Assets and Equity - Total assets as of December 31, 2025, were $73,115,533, an increase of 5.5% from $69,205,138 as of June 30, 2025[17] - Total stockholders' equity rose to $46,073,908 as of December 31, 2025, up 12.2% from $41,043,520 at the end of June 2025[17] - Cash and cash equivalents increased to $21,057,325 as of December 31, 2025, compared to $20,316,357 as of June 30, 2025[17] - The company had cash and cash equivalents of approximately $21.1 million as of December 31, 2025, compared to $20.3 million as of June 30, 2025[201] Expenses - Operating expenses for the three months ended December 31, 2025, totaled $16,628,509, an increase of 39.5% from $11,977,341 in the same period of 2024[19] - Educational services expense increased to approximately $10.3 million for the three months ended December 31, 2025, up by approximately $2.8 million or 37.6% from $7.5 million in 2024, primarily due to increased instructional and staffing costs[191] - General and administrative expense rose to approximately $6.1 million for the three months ended December 31, 2025, an increase of approximately $1.8 million or 40.4% compared to $4.3 million in 2024, driven by higher marketing expenses and professional fees[192] - General and administrative expense for the six months ended December 31, 2025, was approximately $12.2 million, an increase of approximately $3.9 million or 46.9% from $8.3 million in 2024, with marketing expenses accounting for $3.0 million in 2025[197] Cash Flow - Net cash provided by operating activities decreased to $2,111,906 from $3,844,303, reflecting a decline of 45.0% year-over-year[25] - The company believes that its cash flow from operations and other sources of liquidity will provide adequate funds for ongoing operations for at least the next 12 months[202] Debt and Liabilities - The current portion of debt decreased to $560,795 as of December 31, 2025, down from $875,350 as of June 30, 2025[17] - The company made principal payments on debt totaling $744,812, up from $50,173, indicating a focus on debt reduction[25] - Total accounts payable and accrued liabilities as of December 31, 2025, amounted to $3,876,128, a decrease from $4,929,530 as of June 30, 2025[100] - Total future debt maturities amount to $660,250, with $579,877 due in 2026[113] Student Enrollment - As of December 31, 2025, the company had 2,033 students enrolled at High Desert Medical College, 556 at Central Coast College, 214 at Integrity College of Health, and 431 at Contra Costa Medical Career College[155][157][158][159] - Enrollments are influenced by the number of continuing students and new enrollments, offset by graduations and withdrawals[173] Regulatory Environment - The company is subject to extensive regulation under the Higher Education Act, which impacts its participation in federal student financial assistance programs[145] - The company is evaluating the potential impact of proposed regulations related to federal student loans and Pell Grants, expected to take effect on July 1, 2026[160][161] - The company has complied with all applicable regulatory requirements as of the date of the financial statements[144] Acquisitions - Antioch completed the acquisition of CCMCC for a total purchase price of $7,533,080, which includes a working capital adjustment of $466,920[84] - The estimated fair value of the identifiable net assets acquired from CCMCC was negative $200,705, with total excess purchase price allocated to goodwill and other intangible assets amounting to $7,733,785[87] - The Company has one year from the acquisition date to complete the final allocation of the purchase price for CCMCC[87] Shareholder Information - As of December 31, 2025, the Company had 110,000,000 shares of authorized capital, with 100,000,000 designated as common stock[125] - During the six months ended December 31, 2025, the Company exercised 62,974 stock options at $3.74 per share[127] - The Company completed its initial public offering on September 27, 2024, issuing 2,500,000 shares at $4.00 per share[129] - As of December 31, 2025, the Company had 2,348,681 stock options outstanding with a weighted average exercise price of $4.36[139] Compensation and Expenses - The company recorded share-based compensation expenses of $295,958 for the three months and $565,204 for the six months ended December 31, 2025[143] - The company incurred non-cash compensation expenses of $565,204, compared to $176,188 in the prior year, reflecting increased stock-based compensation[25] Taxation - The company’s cash paid for income taxes was $0 for the current period, compared to $2,626,407 in the previous year, indicating a potential tax strategy shift[25] - The estimated federal and state effective tax rates are 21% and 8.84%, respectively, impacting net income calculations[76]

Core Insights - Legacy Education Inc. has appointed Joe Bartolome as Senior Vice President of Operations, reporting to CEO LeeAnn Rohmann and joining the Senior Leadership Team [1][3] Company Overview - Legacy Education Inc. is a nationally accredited, for-profit post-secondary education company founded in 2009, focusing on career education primarily in the healthcare sector [4] - The company offers a variety of programs including nursing, sonography, medical technicians, dental assisting, and business administration, aiming to provide accessible and affordable high-quality education [4] Leadership Appointment - Joe Bartolome brings over 24 years of senior leadership experience in career and healthcare education, with a strong track record in multi-campus operations, branch expansions, acquisitions, and operational turnarounds [2] - His expertise includes full P&L oversight, scaling operations, launching and integrating campuses, and optimizing labor and facilities [2] - Bartolome's previous experience as Campus Director for High Desert Medical College provides him with a deep understanding of the company's culture and operational foundation, facilitating a smooth transition [3] Strategic Goals - The appointment of Bartolome is seen as a strategic advantage for Legacy Education, aligning with the company's commitment to expanding access to quality healthcare education [4] - The company aims to accelerate growth through potential branch campus launches and strategic M&A opportunities, leveraging Bartolome's experience in disciplined execution and data-driven models [3]

Core Viewpoint - Legacy Education Inc. will host a conference call to discuss its second quarter financial results on February 12, 2026, at 4:30 p.m. Eastern time, with a news release expected to be issued beforehand [1]. Company Overview - Legacy Education Inc. is a nationally accredited, for-profit post-secondary education company founded in 2009, focusing on career education primarily in the healthcare field [3]. - The company offers a variety of educational programs and services, including certificates and degrees in nursing, sonography, medical technicians, dental assisting, and business administration [3]. - Legacy Education aims to provide high-quality, accessible, and affordable education while pursuing growth through organic enrollment, new program additions, and accretive acquisitions [3]. Conference Call Details - The live webcast of the conference call can be accessed through the investor relations section of the Legacy Education website, with participants encouraged to register in advance [2]. - An archived version of the webcast will be available for 90 days post-event [2]. - The toll-free dial-in number for the conference call is (877) 407-9785, and the international dial-in number is (201) 689-8843 [2].