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Legacy Education Inc.(LGCY) - 2025 Q2 - Earnings Call Presentation
2025-07-02 11:56
Company Overview - Legacy Education is a nationally accredited, for-profit post-secondary education company[8] - The company focuses on programs in growing industries like allied healthcare, veterinary, and business[10] - Legacy Education operates 4 accredited education institutions with 6 campuses in California, educating 2,768 students as of December 31, 2024[12] Financial Performance - Legacy Education achieved $52.7 million in LTM revenue, representing a 33% year-over-year growth[10] - The company's LTM adjusted EBITDA was $9.9 million, an 87% year-over-year increase[67] - The LTM gross student acquisition cost was $2,000, while the LTM annual revenue per student was $23,000[10, 67] Enrollment and Student Outcomes - The company's student graduation rate was 79% as of March 31, 2024[10] - Legacy Education's NCLEX pass rate was 79% as of June 30, 2024[10, 12] - The average student placement rate is 78%[31] Growth Strategy - Legacy Education plans to grow through organic enrollment growth, new program additions, and accretive acquisitions[10] - The company leverages interactive distance learning (IDL) to increase flexibility and scalability, with 30% to 50% of students enrolled in IDL programs[20, 61] - Legacy Education has a track record of successful campus acquisitions, with approximately 36% of current enrollment attributed to M&A activities[58]
Legacy Education Inc.(LGCY) - 2025 Q3 - Earnings Call Presentation
2025-07-02 11:56
Company Overview - Legacy Education is a nationally accredited, for-profit post-secondary education company focused on growing industries like allied healthcare, veterinary, and business[8, 10] - The company operates 4 accredited education institutions with 6 campuses in California, educating 3,245 students as of March 31, 2025[12] - Legacy Education boasts a strong NCLEX pass rate of 83% as of March 31, 2025[12] Financial Performance - Legacy Education's LTM revenue is $59 million, representing a 38% year-over-year growth[10] - The company's LTM adjusted EBITDA is $11.4 million, with a 170% year-over-year increase[10, 65] - The company ended Q3 2025 with $17.3 million in cash and $22 million in working capital[65, 70] Growth Strategy - The company's strategy includes organic enrollment growth, new program development, and accretive acquisitions[10] - Legacy Education leverages a hybrid Interactive Distance Learning (IDL) model to increase flexibility and scalability[20] - The company is focused on expanding its program offerings in core markets such as healthcare, veterinary, and dental[41, 43, 44] Student Outcomes - Legacy Education has an average student placement rate of 75% based on employment 90 days post-graduation as of April 1, 2025[10, 28, 29, 30] - Over 50% of the student enrollment is 24 years of age and younger[33] - The company's top five programs by enrollment represent approximately 65% of total enrollment[51]
Legacy Education Inc. Schedules Third Quarter Fiscal Year 2025 Earnings Release and Conference Call
Prnewswireยท 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]