American Learning Corporation Reports First Quarter Results

News provided by

American Learning Corporation

Aug 10, 2012, 10:13 ET

JERICHO, N.Y., Aug. 10, 2012 /PRNewswire/ -- American Learning Corporation (the "Company") (NASDAQ: ALRN) announced revenues of $1,105,243 and a net loss of $118,557 ($.02 net loss per share) for the three months ended June 30, 2012.  By comparison, the Company reported revenues of $879,897 and a net loss of $142,543 ($.03 net loss per share) for the three months ended June 30, 2012. 

During the three months ended June 30, 2012 revenues increased 25.6% over the comparable period in the prior fiscal year due to increases in school staffing services to charter schools.

Three Months Ended



06/30/12

06/30/11

(Unaudited)

Revenues



$      1,105,243

$         879,897






Operating loss from continuing operations



(122,710)

(178,763)






Loss before discontinued operations



(118,557)

(174,394)






Net loss



$       (118,557)

$       (142,543)






Net earnings (loss) per share:






     From continuing operations - basic






          and diluted



$            (0.02)

$            (0.04)

     From discontinued operations - basic






          and diluted



$                   -

$              0.01






Weighted average shares – 






     basic and diluted



4,919,615

4,809,805






American Learning Corporation, through its wholly owned subsidiaries, Interactive Therapy Group Consultants, Inc. and Signature Learning Resources, Inc., offers a comprehensive range of services to children with developmental delays and disabilities.

SOURCE American Learning Corporation