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Legacy Education Inc. (LGCY) to Participate in the 38th Annual ROTH Conference
Prnewswire· 2026-03-17 13:00
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]
Legacy Education Announces Six-Year Reaccreditation Grant for Integrity College of Health from ABHES
Prnewswire· 2026-02-17 14:00
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].
Legacy Education Delivers Strong Second Quarter Fiscal 2026 Results with 40% Revenue Growth and Impressive Enrollment Gains
Prnewswire· 2026-02-12 21:05
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]
Legacy Education Appoints Joe Bartolome as Senior Vice President of Operations to Manage Scalable Growth Across Its Multi-Campus Platform
Prnewswire· 2026-02-05 14:00
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]
Legacy Education Inc. Schedules Fiscal Year 2026 Second Quarter Earnings Release and Conference Call
Prnewswire· 2026-01-27 14:00
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].
Legacy Education Inc. Schedules First Quarter 2026 Earnings Release and Conference Call
Prnewswire· 2025-10-30 13:00
Core Points - Legacy Education Inc. will host a conference call on November 13, 2025, to discuss its fourth quarter and year-end financial results [1] - A news release detailing the financial results will be issued at 4:05 p.m. Eastern time on the same day [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 programs including nursing, sonography, medical technicians, dental assisting, and business administration [3] - Legacy Education aims to provide high-quality, accessible, and affordable education while pursuing organic enrollment growth, new program additions, and accretive acquisitions [3]
Legacy Education Inc. Schedules Fourth Quarter and Fiscal Year-End 2025 Earnings Release and Conference Call
Prnewswire· 2025-09-19 12:30
Core Points - Legacy Education Inc. will host a conference call to discuss its fourth quarter and fiscal year-end financial results on September 25, 2025, at 4:30 p.m. Eastern time [1] - A news release outlining the financial results will be issued by 4:05 p.m. Eastern time on the same day [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 [4] - The company offers a variety of programs including certificates and degrees in nursing, sonography, medical technicians, and dental assisting, among others [4] - Legacy Education aims to provide high-quality, accessible, and affordable education while pursuing organic enrollment growth and strategic acquisitions [4]
Concorde Career Colleges expands access to respiratory therapy education programs to address rising national demand
Prnewswire· 2025-09-17 13:15
Core Insights - Concorde Career Colleges is expanding its respiratory therapy education programs to meet the rising national demand for skilled therapists, particularly in rural and remote areas [1][2][5] Enrollment Expansion - Concorde has received programmatic approval to increase enrollment in respiratory therapy programs at eight campuses, allowing for an additional 160 students annually [3][4] - The campuses include locations in California, Florida, Texas, and Tennessee, where demand for respiratory therapists is particularly high [2][3] Job Market Growth - Employment of respiratory therapists is projected to grow by 12% from 2024 to 2034, which is more than triple the average growth rate for all occupations [2][10] - In specific states like California, Florida, Tennessee, and Texas, the growth rate for respiratory therapists is expected to be between 20-24% from 2022 to 2032 [2][10] Hospital Partnership Model - Concorde has developed a hospital partnership model to address workforce shortages in rural areas, which has expanded from three to 20 hospital systems across 11 states [5][6] - Hospitals identify high-potential employees interested in respiratory care and sponsor their education costs [6][7] Educational Collaboration - The partnership model allows Concorde to provide foundational online coursework while hospital partners offer hands-on training, preparing students for licensure exams [7][8] - This collaboration aims to build a skilled workforce from within the hospital systems, enhancing team integration and patient care [8][9]
Legacy Education Inc. Appoints Two Distinguished Experts to Board of Directors
Prnewswire· 2025-09-16 13:00
Core Insights - Legacy Education Inc. has appointed Dr. Zwade J. Marshall and Janis L. Paulson to its Board of Directors, enhancing its leadership team with expertise in clinical medicine, financial innovation, and higher education [1][2]. Group 1: Board Appointments - Dr. Zwade J. Marshall is the Co-Founder and CEO of Doc2Doc Lending, with a background in anesthesiology and pain management, holding degrees in Economics, MBA, and MD from Emory University [3]. - Janis L. Paulson brings over 30 years of experience in healthcare career education, previously serving as CEO of Unitek Learning and holding senior roles in finance and operations [4]. - The CEO of Legacy Education, LeeAnn Rohmann, expressed confidence that the new board members will be instrumental in scaling programs and expanding access to healthcare training [5]. Group 2: Company Overview - Legacy Education Inc. is a nationally accredited, for-profit post-secondary education company founded in 2009, focusing on career-oriented education primarily in healthcare [5]. - The company offers a variety of programs, including certificates and degrees in nursing, sonography, medical technicians, and dental assisting, aiming to provide high-quality, accessible, and affordable education [5]. - Legacy Education is committed to growth through organic enrollment, new program additions, and strategic acquisitions [5].
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]