Legacy Education Inc.(LGCY)

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Legacy Education Inc. (LGCY) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-05-19 13:51
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements should be supported by strong fundamentals and positive earnings estimates [1][2]. Group 1: Stock Performance - Legacy Education Inc. (LGCY) has shown a solid price increase of 21.1% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - The stock has experienced a significant price increase of 40.8% over the last four weeks, suggesting that the upward trend is still intact [5]. - LGCY is currently trading at 81% of its 52-week high-low range, indicating a potential breakout opportunity [5]. Group 2: Fundamental Strength - 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 price performance [7]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like LGCY that are on an uptrend supported by strong fundamentals [3]. - There are over 45 Zacks Premium Screens available for investors to find stocks that align with their personal investing styles [8].
Legacy Education Inc. (LGCY) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2025-05-15 22:26
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 ...
Legacy Education Inc.(LGCY) - 2025 Q3 - Earnings Call Transcript
2025-05-15 21:32
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]
Legacy Education Inc.(LGCY) - 2025 Q3 - Earnings Call Transcript
2025-05-15 21:30
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]
Legacy Education Inc.(LGCY) - 2025 Q3 - Quarterly Results
2025-05-15 20:05
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 ...
Legacy Education Inc.(LGCY) - 2025 Q3 - Quarterly Report
2025-05-15 20:02
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 | | ...
Legacy Education Inc. (LGCY) to Participate in the Ladenburg Thalmann Technology Innovation EXPO25
Prnewswire· 2025-05-13 13:00
CEO, LeeAnn Rohmann, and CFO, Brandon Pope, will be available for one-on-one meetings throughout the event. During these meetings, management will provide an overview of the Company. For more information, on the Ladenburg Thalmann Technology Innovation EXPO25, or to request a one-on-one meeting with Legacy Education's management, please contact a representative of Ladenburg or visit www.b2idigital.com/ladenburg-innovation-expo. LANCASTER, Calif., May 13, 2025 /PRNewswire/ -- Legacy Education Inc. ("Legacy E ...
Legacy Education Inc. Schedules Third Quarter Fiscal Year 2025 Earnings Release and Conference Call
Prnewswire· 2025-05-01 13:00
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]
Legacy Education Announces Formation of Advisory Board to Support Strategic Growth and Industry Expansion
Prnewswire· 2025-04-29 13:30
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]
Legacy Education Inc. (LGCY) to Participate in the 37th Annual ROTH Conference
Prnewswire· 2025-03-10 19:30
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]