Legacy Education Inc. (LGCY) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.25%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of 11.11%.Over the last four quarters, the co ...

Financial Data and Key Metrics Changes - Revenue for Q3 fiscal 2025 reached $18.6 million, a 50.7% increase from $12.3 million in Q3 fiscal 2024 [6][10] - Net income increased by 57.1% to $2.8 million or $0.21 per diluted share compared to $1.8 million or $0.19 per diluted share in Q3 fiscal 2024 [11] - Adjusted EBITDA rose 60% to $3.9 million from $2.4 million last year [11][12] - Cash and cash equivalents stood at $17.3 million, with working capital of $22 million as of March 31, 2025 [9][12] Business Line Data and Key Metrics Changes - Educational services revenue was $10.1 million, accounting for 54.4% of total revenue, up from 53.1% in Q3 fiscal 2024 [11] - New student starts surged by 70.7%, contributing to a 49.8% increase in ending enrollment, reaching 3,245 students [6][10] Market Data and Key Metrics Changes - The company reported strong enrollment trends across all six campuses located in high job growth areas in California [9] - The overall nursing NCLEX pass rate was 83%, with an average placement rate of 75.6% through the accreditor ABHES [8] Company Strategy and Development Direction - The company aims to drive enrollment growth, expand program offerings, optimize operational efficiency, and pursue branching and accretive acquisitions [14][17] - New programs are being added in high-demand fields such as sterile processing, surgical technician, and EMT [16][17] - The integration of Contra Costa Medical Career College is progressing smoothly, unlocking new market opportunities [9][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued momentum, citing strong demand for healthcare professionals and the effectiveness of their marketing strategies [14][17] - The company is well-positioned to navigate regulatory dynamics and maintain compliance with Title IV and accreditation standards [17] Other Important Information - The company has made significant strides in expanding hybrid learning models and leveraging advanced simulation technology [9] - Capital expenditures for the nine months were $800,000, primarily for campus enhancements and technology upgrades [12] Q&A Session Summary Question: What contributed to the quarter's outperformance? - Management noted strong performance in medical assisting, nursing, cardiac, UT, and MRI programs, with additional nursing and imaging classes leading to increased enrollments [20][21] Question: What does the acquisition pipeline look like? - Management confirmed ongoing discussions regarding potential acquisitions but did not disclose specific details [28][40] Question: Can you provide insights on the EMT program? - The EMT program is currently approved at the Temecula campus and is a 12-week course, with plans to roll it out to additional campuses pending state and county approvals [37][38]

Financial Data and Key Metrics Changes - Revenue for Q3 fiscal 2025 reached $18.6 million, a 50.7% increase from $12.3 million in Q3 fiscal 2024, driven by a 70.7% increase in new student starts and a 49.8% growth in ending enrollment to 3,245 students [6][10] - Net income increased by 57.1% to $2.8 million or $0.21 per diluted share compared to $1.8 million or $0.19 per diluted share in Q3 fiscal 2024 [11] - Adjusted EBITDA rose 60% to $3.9 million from $2.4 million last year, reflecting strong operational execution [9][12] Business Line Data and Key Metrics Changes - Educational services accounted for $10.1 million or 54.4% of revenue, up from $6.5 million or 53.1% in Q3 fiscal 2024, indicating investment in instructional staff and program support [11] - Marketing expenses increased to $1.2 million from $900,000, supporting student acquisition efforts [12] Market Data and Key Metrics Changes - The overall nursing NCLEX pass rate is 83%, with an average placement rate of 75.6% through the accreditor ABHES, underscoring the quality of education and success of graduates [7] - Enrollment trends are strong across all six campuses located in areas with robust job growth [9] Company Strategy and Development Direction - The company aims to drive enrollment growth, expand program offerings, optimize operational efficiency, and pursue branching and accretive acquisitions [14][16] - New programs are being added in high-demand fields such as sterile processing and surgical technician, aligning with employer needs [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued momentum, citing strong demand for healthcare professionals and the successful integration of Contra Costa Medical Career College [16][17] - The company is well-positioned to navigate regulatory dynamics and maintain relevance in the market due to its focus on high-demand allied health careers [16] Other Important Information - The company has $17.3 million in cash and $22 million in working capital, providing ample liquidity for growth and acquisitions [9][12] - Capital expenditures for the nine months were $800,000, primarily for campus enhancements and technology upgrades [12] Q&A Session Summary Question: What drove the quarter's outperformance? - Management noted strong performance in medical assisting, nursing, cardiac, and imaging programs, with additional nursing and imaging classes contributing significantly [19][20] Question: What does the acquisition pipeline look like? - Management confirmed ongoing discussions regarding potential acquisitions but did not disclose specific details [26] Question: How should Q4 be framed in light of seasonality? - Management indicated that Q4 is expected to show similar seasonality to previous years, with some starts from Q2 impacting Q3 results [31][32] Question: Can you provide details on the EMT program? - The EMT program is currently approved at HDMC locations, with plans to roll it out to additional campuses pending state and county approvals [34][35] Question: Any updates on neurology programs? - Management stated that while research is ongoing, there are currently no neurology programs offered [36]

Exhibit 99.1 LEGACY EDUCATION INC. ACHIEVES RECORD Q3 WITH 50% REVENUE GROWTH AND SURPASSES 3,000 ENROLLED STUDENTS Lancaster, California, May 15, 2025 (PR Newswire) — Legacy Education Inc. (NYSE American: LGCY), a leading provider of career-focused education and training, today announced financial and operating results for the third fiscal quarter ended March 31, 2025. Legacy Education Inc. will host a conference call to discuss third quarter financial results today, Thursday, May 15, 2025, at 4:30 p.m. Ea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ____ Commission File Number: 001-42283 LEGACY EDUCATION INC. (Exact name of registrant as specified in its charter) | Nevada | 84-5167957 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | ...

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 a variety of programs including certificates and degrees in nursing, sonography, medical technicians, and dental assisting, among others [3] - Legacy Education aims to provide high-quality, accessible, and affordable education, with a commitment to growth through organic enrollment, new program additions, and strategic acquisitions [3] Financial Results Announcement - Legacy Education will host a conference call to discuss its third quarter financial results on May 15, 2025, at 4:30 p.m. Eastern time [1] - A news release detailing the financial results will be issued at 4:05 p.m. Eastern time on the same day [1] Conference Call Access - Participants can access the live webcast of the conference call through the investor relations section of the Legacy Education website [2] - Registration for the teleconference is required, and participants are encouraged to register at least one day in advance or 15 minutes before the call [2] - An archived version of the webcast will be available for 90 days post-event [2]

Core Insights - Legacy Education Inc. has established an Advisory Board to guide its strategic direction as it seeks to expand its national presence and program offerings [1][2] - The Advisory Board will provide advice on mergers and acquisitions, clinical site expansion, strategic partnerships, and public policy initiatives [2] Company Overview - Legacy Education is a nationally accredited, for-profit post-secondary education provider founded in 2009, focusing on career-oriented education primarily in the healthcare sector [6] - The company offers a variety of programs including nursing, medical technicians, dental assisting, and business administration, aiming to provide accessible and affordable education [6] Advisory Board Members - Robert deRose brings over 50 years of experience in finance and education, having led multiple company sales to Fortune 500 firms [3] - Tim Lehmann has over 40 years of experience in higher education, specializing in distance education and financing [4] - Mike Murphy has 40 years of experience in integrated healthcare delivery and has served as President and CEO of a Malcolm Baldrige Award-winning institution [5]

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]

Legacy Education (LGCY) Q2 2025 Earnings Call February 13, 2025 04:30 PM ET Company Participants Nicole Joseph - SVP of MarketingLeeAnn Rohmann - Founder, CEO & Chair of the BoardMatthew Berry - Finance consultantJeffrey Cohen - MD - Equity Research Conference Call Participants Mike Grondahl - Head of Equity sales, Trading & Research - Senior Research Analyst Operator Good day, and welcome to the Legacy Education, Inc. Second Quarter Fiscal twenty twenty five Earnings Conference Call. Today's call is being ...