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]

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]

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]

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].

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]