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 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 1.9 million [5][14] - Net income for the quarter was 0.10 [5][10] Year-to-Date Financial Results - For the six months ended December 31, 2024, revenue grew by 32.1% to approximately 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 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 36.4 million [11]
Legacy Education Inc. Reports Strong Q2 FY 2025 Growth with 29% Revenue Increase and Record Enrollment